Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) Alternatives

Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UTES.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to UTES.TO

UTES.TO charges 0.60% annually. Among ETFs in the Derivative Income category, these options have the lowest expense ratios among UTES.TO alternatives.

Symbol	Name	Expense Ratio	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	Jul 5, 2023	UTES.TO vs USCL.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	Nov 6, 2025	UTES.TO vs EQLI.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	Aug 22, 2025	UTES.TO vs ECHI.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	Sep 12, 2024	UTES.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	Sep 27, 2024	UTES.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to UTES.TO

Among ETFs in the Derivative Income category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	97	Jun 8, 2022	UTES.TO vs HLIF.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	May 16, 2011	UTES.TO vs BKCC.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	96	Jul 5, 2023	UTES.TO vs BKCL.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	96	Feb 3, 2017	UTES.TO vs ZWC.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	96	Feb 1, 2022	UTES.TO vs BANK.TO

Top Performing UTES.TO Alternatives (YTD)

UTES.TO alternatives from the Derivative Income category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	31.32%	Feb 6, 2024	UTES.TO vs EMAX.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.98%	Oct 10, 2023	UTES.TO vs ENCL.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	21.92%	Apr 11, 2011	UTES.TO vs ENCC.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	12.55%	Oct 25, 2022	UTES.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	11.68%	Oct 20, 2011	UTES.TO vs ZWU.TO

Lowest Volatility Alternatives to UTES.TO

UTES.TO alternatives from the Derivative Income category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.86%	Sep 12, 2024	UTES.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	7.81%	Jun 14, 2023	UTES.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	9.12%	Oct 20, 2011	UTES.TO vs ZWU.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	9.54%	Jun 8, 2022	UTES.TO vs HLIF.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	9.62%	May 30, 2024	UTES.TO vs HPYT.TO

Lowest Drawdown Alternatives to UTES.TO

UTES.TO alternatives from the Derivative Income category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-1.30%	Sep 12, 2024	UTES.TO vs HBIL.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-6.23%	Jun 14, 2023	UTES.TO vs UMAX.TO
ZWU.TO	BMO Covered Call Utilities ETF	-6.71%	Oct 20, 2011	UTES.TO vs ZWU.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	-7.71%	May 16, 2011	UTES.TO vs BKCC.TO
HPYT.TO	Harvest Premium Yield Treasury ETF A	-7.76%	May 30, 2024	UTES.TO vs HPYT.TO

Other ETFs from Evolve

Most popular Evolve ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
QQQT.TO	Evolve NASDAQ Technology Index Fund CAD Hedged	Technology Equities	74	-9.31%	Jul 11, 2023	UTES.TO vs QQQT.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Derivative Income	66	-9.65%	Oct 6, 2025	UTES.TO vs QQQY.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	1.73%	Sep 17, 2025	UTES.TO vs CANY.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	58	-4.60%	Jan 7, 2022	UTES.TO vs EBNK.TO
BIGY.TO	Evolve US Equity UltraYield ETF	Large Cap Blend Equities	—	-19.53%	Sep 9, 2025	UTES.TO vs BIGY.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	0.37%	Dec 1, 2025	UTES.TO vs SIXY.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	73	30.30%	Mar 26, 2025	UTES.TO vs OILY.TO
TECH.TO	Evolve FANGMA Index ETF Hedged CAD	Technology Equities	40	-9.64%	May 4, 2021	UTES.TO vs TECH.TO
HISA.NEO	Evolve High Interest Savings Account ETF	Money Market	99	0.30%	Nov 19, 2019	UTES.TO vs HISA.NEO
HISU-U.TO	Evolve US High Interest Savings Account Fund	Money Market	99	0.60%	Aug 30, 2022	UTES.TO vs HISU-U.TO

Often Compared With UTES.TO

What investors most often compare with UTES.TO, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
XUT.TO	iShares S&P/TSX Capped Utilities Index ETF	Utilities Equities	90	11.15%	Apr 12, 2011	UTES.TO vs XUT.TO
UTIL.L	SPDR MSCI Europe Utilities UCITS ETF	Utilities Equities	93	13.78%	Dec 5, 2014	UTES.TO vs UTIL.L
BMAX.TO	Brompton Enhanced Multi-Asset Income ETF	Diversified Portfolio	51	-2.51%	—	UTES.TO vs BMAX.TO
XEQT.TO	iShares Core Equity ETF Portfolio	Global Equities	75	0.66%	Aug 7, 2019	UTES.TO vs XEQT.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	97	9.07%	Nov 2, 2012	UTES.TO vs VDY.TO
QLD	ProShares Ultra QQQ	Leveraged Equities, Leveraged	57	-13.35%	Jun 21, 2006	UTES.TO vs QLD
VOO	Vanguard S&P 500 ETF	S&P 500	65	-4.42%	Sep 7, 2010	UTES.TO vs VOO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	3.20%	Jul 19, 2021	UTES.TO vs HDIV.TO
UTIL.TO	Global X Equal Weight Canadian Utilities Index ETF	Utilities Equities	95	11.63%	Aug 9, 2022	UTES.TO vs UTIL.TO
HDIF.TO	Harvest Diversified Monthly Income ETF - Class A U...	Derivative Income	44	-3.91%	Feb 11, 2022	UTES.TO vs HDIF.TO
LFE.TO	Canadian Life Companies Split Corp.		78	-3.52%	—	UTES.TO vs LFE.TO
ZUT.TO	BMO Equal Weight Utilities Index ETF	Utilities Equities	92	15.64%	Jan 19, 2010	UTES.TO vs ZUT.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	3.53%	Jul 14, 2025	UTES.TO vs CDAY.NEO
XLU	Utilities Select Sector SPDR Fund	Utilities Equities	71	8.25%	Dec 16, 1998	UTES.TO vs XLU
HYLD-U.TO	Hamilton Enhanced U.S. Covered Call ETF (USD)	Derivative Income	46	-7.72%	Feb 4, 2022	UTES.TO vs HYLD-U.TO
XEG.TO	iShares S&P/TSX Capped Energy Index ETF	Energy Equities	92	41.93%	Mar 19, 2001	UTES.TO vs XEG.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	1.83%	Sep 26, 2025	UTES.TO vs CRCY.TO
HMAX.TO	Hamilton Canadian Financials YIELD MAXIMIZER ETF	Derivative Income	93	-3.41%	Jan 20, 2023	UTES.TO vs HMAX.TO
ETC.TO	Evolve Cryptocurrencies ETF	Cryptocurrency	6	-23.10%	Aug 21, 2024	UTES.TO vs ETC.TO
QQCC.TO	Global X NASDAQ-100 Covered Call ETF	Derivative Income	48	-3.61%	Sep 13, 2011	UTES.TO vs QQCC.TO

Compare UTES.TO with Any Fund or Stock

Compare UTES.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Evolve Canadian Utilities Enhanced Yield Index Fund ETF

Symbol name