HCA.TO vs. HUTS.TO

Last updated Jun 4, 2026

HCA.TO (Hamilton Canadian Bank Mean Reversion Index ETF) and HUTS.TO (Hamilton Enhanced Utilities ETF) are both exchange-traded funds - HCA.TO is a Canada Equities fund tracking the Solactive Canadian Bank Mean Reversion Index, while HUTS.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index TR. Both are passively managed. Over the past 3 years, HCA.TO returned 43.51%/yr vs 13.29%/yr for HUTS.TO. At a 0.41 correlation, their price movements are largely independent. HCA.TO charges 0.45%/yr vs 2.06%/yr for HUTS.TO.

Performance

HCA.TO vs. HUTS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) and Hamilton Enhanced Utilities ETF (HUTS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HCA.TO having a 19.58% return and HUTS.TO slightly lower at 18.77%.

HCA.TO

• 1D: 0.00%
• 1M: 5.81%
• YTD: 19.58%
• 6M: 24.76%
• 1Y: 61.56%
• 3Y*: 43.51%
• 5Y*: 28.00%
• 10Y*: —

HUTS.TO

• 1D: 0.00%
• 1M: 5.42%
• YTD: 18.77%
• 6M: 17.55%
• 1Y: 33.45%
• 3Y*: 13.29%
• 5Y*: —
• 10Y*: —

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

HCA.TO vs. HUTS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF	19.58%	51.09%	33.32%	26.95%	3.49%
HUTS.TO Hamilton Enhanced Utilities ETF	18.77%	21.29%	9.40%	-3.91%	-12.80%

Correlation

The correlation between HCA.TO and HUTS.TO is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.41

Over the past year, the correlation between HCA.TO and HUTS.TO has dropped to 0.05 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

HCA.TO vs. HUTS.TO - Sectors Allocation Comparison

Sectors	HCA.TO	HUTS.TO
Financial Services	100.0%	-
Basic Materials	-	-
Communication Services	-	23.6%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	35.1%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	41.3%

Return for Risk

HCA.TO vs. HUTS.TO — Risk / Return Rank

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

HCA.TO

HCA.TO Risk / Return Rank: 96
HCA.TO Sharpe Ratio Rank: 97
HCA.TO Sortino Ratio Rank: 98
HCA.TO Omega Ratio Rank: 97
HCA.TO Calmar Ratio Rank: 94
HCA.TO Martin Ratio Rank: 95

HUTS.TO

HUTS.TO Risk / Return Rank: 92
HUTS.TO Sharpe Ratio Rank: 94
HUTS.TO Sortino Ratio Rank: 95
HUTS.TO Omega Ratio Rank: 93
HUTS.TO Calmar Ratio Rank: 91
HUTS.TO Martin Ratio Rank: 86

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.

HCA.TO vs. HUTS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) and Hamilton Enhanced Utilities ETF (HUTS.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.

	HCA.TO	HUTS.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.82	3.56	+1.27
Sortino ratio: Return per unit of downside risk	7.08	5.12	+1.96
Omega ratio: Gain probability vs. loss probability	1.97	1.65	+0.32
Calmar ratio: Return relative to maximum drawdown	7.27	5.75	+1.51
Martin ratio: Return relative to average drawdown	32.98	18.05	+14.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HCA.TO vs. HUTS.TO - Sharpe Ratio Comparison

The current HCA.TO Sharpe Ratio is 4.82, which is higher than the HUTS.TO Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of HCA.TO and HUTS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HCA.TO	HUTS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.82	3.56	+1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.18	0.52	+1.66

Drawdowns

HCA.TO vs. HUTS.TO - Drawdown Comparison

The maximum HCA.TO drawdown since its inception was -17.82%, smaller than the maximum HUTS.TO drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for HCA.TO and HUTS.TO.

Drawdown Indicators

	HCA.TO	HUTS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-30.57%	+12.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	-5.84%	-2.68%
Max Drawdown (3Y) Largest decline over 3 years	-12.51%	-22.04%	+9.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.82%	—	—
Current Drawdown Current decline from peak	-1.28%	-1.31%	+0.03%
Average Drawdown Average peak-to-trough decline	-3.35%	-10.07%	+6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.86%	+0.01%

Volatility

HCA.TO vs. HUTS.TO - Volatility Comparison

Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) has a higher volatility of 4.15% compared to Hamilton Enhanced Utilities ETF (HUTS.TO) at 2.93%. This indicates that HCA.TO's price experiences larger fluctuations and is considered to be riskier than HUTS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCA.TO	HUTS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	2.93%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	7.75%	+3.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	9.45%	+3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.09%	15.01%	+0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	15.01%	+0.08%

HCA.TO vs. HUTS.TO - Expense Ratio Comparison

HCA.TO has a 0.45% expense ratio, which is lower than HUTS.TO's 2.06% expense ratio.

Dividends

HCA.TO vs. HUTS.TO - Dividend Comparison

HCA.TO's dividend yield for the trailing twelve months is around 2.92%, less than HUTS.TO's 5.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF	2.92%	5.59%	15.89%	20.26%	16.23%	11.79%	3.54%
HUTS.TO Hamilton Enhanced Utilities ETF	5.50%	6.45%	7.45%	7.83%	2.33%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HCA.TO and HUTS.TO in my portfolio?

HCA.TO and HUTS.TO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HCA.TO or HUTS.TO?

On fees, HCA.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HCA.TO or HUTS.TO?

HCA.TO is cheaper with a 0.45% expense ratio, compared with 2.06% for HUTS.TO.

What is the main difference between HCA.TO and HUTS.TO?

HCA.TO is categorized as Canada Equities, while HUTS.TO is Utilities Equities. HCA.TO tracks Solactive Canadian Bank Mean Reversion Index, while HUTS.TO tracks Solactive Canadian Utility Services High Dividend Index TR. Their fees differ too: 0.45% for HCA.TO and 2.06% for HUTS.TO.