AVGY.TO vs. UTES.TO
AVGY.TO (Harvest Broadcom Enhanced High Income Shares ETF - Class A Units) and UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AVGY.TO returned 107.90% vs 23.90% for UTES.TO. At a correlation of -0.18, they often move in opposite directions. AVGY.TO charges 0.40%/yr vs 0.60%/yr for UTES.TO.
Performance
AVGY.TO vs. UTES.TO - Performance Comparison
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Returns By Period
In the year-to-date period, AVGY.TO achieves a 42.92% return, which is significantly higher than UTES.TO's 12.58% return.
AVGY.TO
- 1D
- -0.45%
- 1M
- 19.17%
- YTD
- 42.92%
- 6M
- 27.21%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTES.TO
- 1D
- -0.26%
- 1M
- 2.26%
- YTD
- 12.58%
- 6M
- 12.56%
- 1Y
- 23.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGY.TO vs. UTES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 42.92% | 83.42% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 12.58% | 13.04% |
Correlation
The correlation between AVGY.TO and UTES.TO is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | -0.18 |
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Return for Risk
AVGY.TO vs. UTES.TO — Risk / Return Rank
AVGY.TO
UTES.TO
AVGY.TO vs. UTES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVGY.TO | UTES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 3.75 | +0.05 |
| Martin ratioReturn relative to average drawdown | 8.81 | 11.90 | -3.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVGY.TO | UTES.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.59 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.30 | 1.38 | +0.91 |
Drawdowns
AVGY.TO vs. UTES.TO - Drawdown Comparison
The maximum AVGY.TO drawdown since its inception was -28.78%, which is greater than UTES.TO's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for AVGY.TO and UTES.TO.
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Drawdown Indicators
| AVGY.TO | UTES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -10.19% | -18.59% |
Max Drawdown (1Y)Largest decline over 1 year | -28.50% | -6.39% | -22.11% |
Current DrawdownCurrent decline from peak | -0.45% | -1.86% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -2.62% | -5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.29% | 2.03% | +10.26% |
Volatility
AVGY.TO vs. UTES.TO - Volatility Comparison
Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) has a higher volatility of 13.20% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 2.96%. This indicates that AVGY.TO's price experiences larger fluctuations and is considered to be riskier than UTES.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGY.TO | UTES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.20% | 2.96% | +10.24% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 7.51% | +25.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.46% | 9.28% | +36.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.13% | 11.01% | +40.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.13% | 11.01% | +40.12% |
AVGY.TO vs. UTES.TO - Expense Ratio Comparison
AVGY.TO has a 0.40% expense ratio, which is lower than UTES.TO's 0.60% expense ratio.
Dividends
AVGY.TO vs. UTES.TO - Dividend Comparison
AVGY.TO's dividend yield for the trailing twelve months is around 19.08%, more than UTES.TO's 17.48% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 19.08% | 14.82% | 0.00% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.48% | 18.30% | 6.05% |
Frequently Asked Questions
AVGY.TO and UTES.TO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVGY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVGY.TO is cheaper with a 0.40% expense ratio, compared with 0.60% for UTES.TO.
They also come from different issuers: Harvest and Evolve. Their fees differ too: 0.40% for AVGY.TO and 0.60% for UTES.TO.
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