EQLI.TO vs. UTES.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO).

EQLI.TO and UTES.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EQLI.TO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Nov 6, 2025. UTES.TO is an actively managed fund by Evolve. It was launched on Sep 3, 2024.

Performance

EQLI.TO vs. UTES.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO). The values are adjusted to include any dividend payments, if applicable.

EQLI.TO vs. UTES.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	2.20%	6.40%	7.28%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	10.78%	18.66%	-4.25%

Returns By Period

In the year-to-date period, EQLI.TO achieves a 2.20% return, which is significantly lower than UTES.TO's 10.78% return.

EQLI.TO

• 1D: 0.14%
• 1M: -2.83%
• YTD: 2.20%
• 6M: 2.60%
• 1Y: 9.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTES.TO

• 1D: -0.31%
• 1M: 0.27%
• YTD: 10.78%
• 6M: 10.24%
• 1Y: 22.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EQLI.TO vs. UTES.TO - Expense Ratio Comparison

EQLI.TO has a 0.29% expense ratio, which is lower than UTES.TO's 0.60% expense ratio.

UTES.TO

Evolve Canadian Utilities Enhanced Yield Index Fund ETF

EQLI.TO

Invesco S&P 500 Equal Weight Income Advantage ETF

Return for Risk

EQLI.TO vs. UTES.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQLI.TO

EQLI.TO Risk / Return Rank: 29
EQLI.TO Sharpe Ratio Rank: 32
EQLI.TO Sortino Ratio Rank: 31
EQLI.TO Omega Ratio Rank: 32
EQLI.TO Calmar Ratio Rank: 25
EQLI.TO Martin Ratio Rank: 28

UTES.TO

UTES.TO Risk / Return Rank: 89
UTES.TO Sharpe Ratio Rank: 91
UTES.TO Sortino Ratio Rank: 92
UTES.TO Omega Ratio Rank: 90
UTES.TO Calmar Ratio Rank: 85
UTES.TO Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EQLI.TO vs. UTES.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.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.

	EQLI.TO	UTES.TO	Difference
Sharpe ratio Return per unit of total volatility	0.67	2.13	-1.45
Sortino ratio Return per unit of downside risk	1.00	2.80	-1.80
Omega ratio Gain probability vs. loss probability	1.14	1.40	-0.26
Calmar ratio Return relative to maximum drawdown	0.72	2.72	-2.00
Martin ratio Return relative to average drawdown	2.85	11.31	-8.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQLI.TO vs. UTES.TO - Sharpe Ratio Comparison

The current EQLI.TO Sharpe Ratio is 0.67, which is lower than the UTES.TO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of EQLI.TO and UTES.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EQLI.TO	UTES.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	2.13	-1.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	1.44	-0.64

Correlation

The correlation between EQLI.TO and UTES.TO is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EQLI.TO vs. UTES.TO - Dividend Comparison

EQLI.TO's dividend yield for the trailing twelve months is around 8.65%, less than UTES.TO's 17.25% yield.

	TTM	2025	2024
EQLI.TO Invesco S&P 500 Equal Weight Income Advantage ETF	8.65%	8.74%	3.00%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	17.25%	18.30%	6.05%

Drawdowns

EQLI.TO vs. UTES.TO - Drawdown Comparison

The maximum EQLI.TO drawdown since its inception was -15.57%, 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 EQLI.TO and UTES.TO.

Drawdown Indicators

	EQLI.TO	UTES.TO	Difference
Max Drawdown Largest peak-to-trough decline	-15.57%	-10.19%	-5.38%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-8.29%	-3.87%
Current Drawdown Current decline from peak	-2.89%	-1.25%	-1.64%
Average Drawdown Average peak-to-trough decline	-2.64%	-2.63%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	1.99%	+1.06%

Volatility

EQLI.TO vs. UTES.TO - Volatility Comparison

Invesco S&P 500 Equal Weight Income Advantage ETF (EQLI.TO) has a higher volatility of 3.65% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 2.81%. This indicates that EQLI.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.

Volatility by Period

	EQLI.TO	UTES.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	2.81%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	7.25%	6.67%	+0.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	10.82%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.49%	10.99%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.49%	10.99%	+1.50%