GOGY.TO vs. UTES.TO
GOGY.TO (Harvest Alphabet 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, GOGY.TO returned 123.99% vs 23.90% for UTES.TO. At a correlation of -0.20, they often move in opposite directions. GOGY.TO charges 0.40%/yr vs 0.60%/yr for UTES.TO.
Performance
GOGY.TO vs. UTES.TO - Performance Comparison
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Returns By Period
In the year-to-date period, GOGY.TO achieves a 14.33% return, which is significantly higher than UTES.TO's 12.58% return.
GOGY.TO
- 1D
- -0.88%
- 1M
- -5.59%
- YTD
- 14.33%
- 6M
- 10.62%
- 1Y
- 123.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTES.TO
- 1D
- -0.26%
- 1M
- 2.26%
- YTD
- 12.58%
- 6M
- 12.56%
- 1Y
- 23.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOGY.TO vs. UTES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 14.33% | 80.98% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 12.58% | 13.90% |
Correlation
The correlation between GOGY.TO and UTES.TO is -0.20, 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 | -0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025 | -0.20 |
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Return for Risk
GOGY.TO vs. UTES.TO — Risk / Return Rank
GOGY.TO
UTES.TO
GOGY.TO vs. UTES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.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.
| GOGY.TO | UTES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.46 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.19 | 3.75 | +2.44 |
| Martin ratioReturn relative to average drawdown | 22.77 | 11.90 | +10.88 |
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
| GOGY.TO | UTES.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.08 | 2.59 | +1.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.31 | 1.38 | +0.93 |
Drawdowns
GOGY.TO vs. UTES.TO - Drawdown Comparison
The maximum GOGY.TO drawdown since its inception was -20.87%, 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 GOGY.TO and UTES.TO.
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Drawdown Indicators
| GOGY.TO | UTES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -10.19% | -10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -20.14% | -6.39% | -13.75% |
Current DrawdownCurrent decline from peak | -10.57% | -1.86% | -8.71% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -2.62% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.47% | 2.03% | +3.44% |
Volatility
GOGY.TO vs. UTES.TO - Volatility Comparison
Harvest Alphabet Enhanced High Income Shares ETF Class A Units (GOGY.TO) has a higher volatility of 9.16% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 2.96%. This indicates that GOGY.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
| GOGY.TO | UTES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 2.96% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 21.42% | 7.51% | +13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.67% | 9.28% | +21.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.61% | 11.01% | +23.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.61% | 11.01% | +23.60% |
GOGY.TO vs. UTES.TO - Expense Ratio Comparison
GOGY.TO has a 0.40% expense ratio, which is lower than UTES.TO's 0.60% expense ratio.
Dividends
GOGY.TO vs. UTES.TO - Dividend Comparison
GOGY.TO's dividend yield for the trailing twelve months is around 12.78%, less than UTES.TO's 17.48% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GOGY.TO Harvest Alphabet Enhanced High Income Shares ETF Class A Units | 12.78% | 8.04% | 0.00% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.48% | 18.30% | 6.05% |
Frequently Asked Questions
GOGY.TO and UTES.TO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GOGY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GOGY.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 GOGY.TO and 0.60% for UTES.TO.
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