EBIT-U.TO vs. UTES.TO
EBIT-U.TO (Evolve Bitcoin ETF USD) and UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) are both exchange-traded funds - EBIT-U.TO is a Cryptocurrency fund actively managed by Evolve, while UTES.TO is a Derivative Income fund actively managed by Evolve. Both are actively managed. Over the past year, EBIT-U.TO returned -45.49% vs 17.79% for UTES.TO. At a correlation of -0.07, they often move in opposite directions.
Performance
EBIT-U.TO vs. UTES.TO - Performance Comparison
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Different Trading Currencies
EBIT-U.TO is traded in USD, while UTES.TO is traded in CAD. To make them comparable, the UTES.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EBIT-U.TO achieves a -26.81% return, which is significantly lower than UTES.TO's 10.23% return.
EBIT-U.TO
- 1D
- 1.65%
- 1M
- -2.19%
- 6M
- -33.71%
- YTD
- -26.81%
- 1Y
- -45.49%
- 3Y*
- 27.56%
- 5Y*
- 13.31%
- 10Y*
- —
UTES.TO
- 1D
- 1.67%
- 1M
- -2.79%
- 6M
- 12.27%
- YTD
- 10.23%
- 1Y
- 17.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EBIT-U.TO vs. UTES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EBIT-U.TO Evolve Bitcoin ETF USD | -26.81% | -6.74% | 59.23% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 10.23% | 24.34% | -9.54% |
Correlation
The correlation between EBIT-U.TO and UTES.TO is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | -0.07 |
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Return for Risk
EBIT-U.TO vs. UTES.TO — Risk / Return Rank
EBIT-U.TO
UTES.TO
EBIT-U.TO vs. UTES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF USD (EBIT-U.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EBIT-U.TO | UTES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.56 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.27 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 2.29 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.37 | 7.56 | -8.92 |
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Drawdowns
EBIT-U.TO vs. UTES.TO - Drawdown Comparison
The maximum EBIT-U.TO drawdown since its inception was -77.55%, which is greater than UTES.TO's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for EBIT-U.TO and UTES.TO.
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Drawdown Indicators
| EBIT-U.TO | UTES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.55% | -14.19% | -63.36% |
Max Drawdown (1Y)Largest decline over 1 year | -54.37% | -7.80% | -46.57% |
Max Drawdown (3Y)Largest decline over 3 years | -54.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.55% | — | — |
Current DrawdownCurrent decline from peak | -48.57% | -3.40% | -45.17% |
Average DrawdownAverage peak-to-trough decline | -34.50% | -3.35% | -31.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.35% | 2.36% | +30.99% |
Volatility
EBIT-U.TO vs. UTES.TO - Volatility Comparison
Evolve Bitcoin ETF USD (EBIT-U.TO) has a higher volatility of 13.32% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 5.21%. This indicates that EBIT-U.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
| EBIT-U.TO | UTES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.32% | 5.21% | +8.11% |
Volatility (6M)Calculated over the trailing 6-month period | 37.75% | 9.11% | +28.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.29% | 11.35% | +34.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.49% | 12.85% | +41.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.01% | 12.85% | +43.16% |
Dividends
EBIT-U.TO vs. UTES.TO - Dividend Comparison
EBIT-U.TO has not paid dividends to shareholders, while UTES.TO's dividend yield for the trailing twelve months is around 17.65%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EBIT-U.TO Evolve Bitcoin ETF USD | 0.00% | 0.00% | 0.00% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.65% | 18.30% | 6.05% |
Frequently Asked Questions
EBIT-U.TO and UTES.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EBIT-U.TO is categorized as Cryptocurrency, while UTES.TO is Derivative Income.
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