CNYE.TO vs. UTES.TO
CNYE.TO (Harvest Coinbase Enhanced High Income Shares ETF) and UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) are both Derivative Income funds. Both are actively managed. Over the past year, CNYE.TO returned -44.08% vs 25.90% for UTES.TO. At a correlation of -0.14, they often move in opposite directions. CNYE.TO charges 0.40%/yr vs 0.60%/yr for UTES.TO.
Performance
CNYE.TO vs. UTES.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CNYE.TO achieves a -30.06% return, which is significantly lower than UTES.TO's 13.71% return.
CNYE.TO
- 1D
- 0.45%
- 1M
- -16.55%
- YTD
- -30.06%
- 6M
- -43.59%
- 1Y
- -44.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTES.TO
- 1D
- 1.00%
- 1M
- 2.85%
- YTD
- 13.71%
- 6M
- 13.57%
- 1Y
- 25.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNYE.TO vs. UTES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | -30.06% | -14.53% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 13.71% | 13.04% |
Correlation
The correlation between CNYE.TO and UTES.TO is -0.17, 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 | -0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | -0.14 |
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Return for Risk
CNYE.TO vs. UTES.TO — Risk / Return Rank
CNYE.TO
UTES.TO
CNYE.TO vs. UTES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Coinbase Enhanced High Income Shares ETF (CNYE.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.
| CNYE.TO | UTES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.37 | ||
| Sortino ratioReturn per unit of downside risk | -4.62 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.50 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 4.07 | -4.68 |
| Martin ratioReturn relative to average drawdown | -1.01 | 12.91 | -13.91 |
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
| CNYE.TO | UTES.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | 2.80 | -3.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 1.44 | -1.85 |
Drawdowns
CNYE.TO vs. UTES.TO - Drawdown Comparison
The maximum CNYE.TO drawdown since its inception was -72.18%, 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 CNYE.TO and UTES.TO.
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Drawdown Indicators
| CNYE.TO | UTES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.18% | -10.19% | -61.99% |
Max Drawdown (1Y)Largest decline over 1 year | -72.18% | -6.39% | -65.79% |
Current DrawdownCurrent decline from peak | -65.57% | -0.88% | -64.69% |
Average DrawdownAverage peak-to-trough decline | -33.73% | -2.62% | -31.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.83% | 2.01% | +41.82% |
Volatility
CNYE.TO vs. UTES.TO - Volatility Comparison
Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) has a higher volatility of 22.11% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 3.08%. This indicates that CNYE.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
| CNYE.TO | UTES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.11% | 3.08% | +19.03% |
Volatility (6M)Calculated over the trailing 6-month period | 57.81% | 7.51% | +50.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.13% | 9.32% | +67.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.50% | 11.02% | +71.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.50% | 11.02% | +71.48% |
CNYE.TO vs. UTES.TO - Expense Ratio Comparison
CNYE.TO has a 0.40% expense ratio, which is lower than UTES.TO's 0.60% expense ratio.
Dividends
CNYE.TO vs. UTES.TO - Dividend Comparison
CNYE.TO's dividend yield for the trailing twelve months is around 89.78%, more than UTES.TO's 17.30% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | 89.78% | 48.74% | 0.00% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.30% | 18.30% | 6.05% |
Frequently Asked Questions
CNYE.TO and UTES.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNYE.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYE.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 CNYE.TO and 0.60% for UTES.TO.
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