HERO.TO vs. UTES.TO
HERO.TO (Evolve E-Gaming Index ETF) and UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) are both exchange-traded funds - HERO.TO is a Gaming fund tracking the Solactive Global Video Games & Esports Index, while UTES.TO is a Derivative Income fund actively managed by Evolve. HERO.TO is passively managed, while UTES.TO is actively managed. Over the past year, HERO.TO returned -17.28% vs 20.77% for UTES.TO. At a correlation of -0.05, they often move in opposite directions.
Performance
HERO.TO vs. UTES.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HERO.TO achieves a -16.36% return, which is significantly lower than UTES.TO's 13.10% return.
HERO.TO
- 1D
- -0.99%
- 1M
- 4.51%
- 6M
- -16.51%
- YTD
- -16.36%
- 1Y
- -17.28%
- 3Y*
- 9.66%
- 5Y*
- -0.06%
- 10Y*
- —
UTES.TO
- 1D
- 0.97%
- 1M
- -2.18%
- 6M
- 13.60%
- YTD
- 13.10%
- 1Y
- 20.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HERO.TO vs. UTES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HERO.TO Evolve E-Gaming Index ETF | -16.36% | 27.09% | 10.60% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 13.10% | 18.66% | -4.15% |
Correlation
The correlation between HERO.TO and UTES.TO is -0.08, 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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HERO.TO vs. UTES.TO — Risk / Return Rank
HERO.TO
UTES.TO
HERO.TO vs. UTES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve E-Gaming Index ETF (HERO.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.
| HERO.TO | UTES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.36 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.26 | -3.85 |
| Martin ratioReturn relative to average drawdown | -1.05 | 9.55 | -10.61 |
Loading charts...
Drawdowns
HERO.TO vs. UTES.TO - Drawdown Comparison
The maximum HERO.TO drawdown since its inception was -45.49%, 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 HERO.TO and UTES.TO.
Loading charts...
Drawdown Indicators
| HERO.TO | UTES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.49% | -10.19% | -35.30% |
Max Drawdown (1Y)Largest decline over 1 year | -29.67% | -6.39% | -23.28% |
Max Drawdown (3Y)Largest decline over 3 years | -29.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | — | — |
Current DrawdownCurrent decline from peak | -24.70% | -2.18% | -22.52% |
Average DrawdownAverage peak-to-trough decline | -18.67% | -2.57% | -16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.42% | 2.18% | +14.24% |
Volatility
HERO.TO vs. UTES.TO - Volatility Comparison
Evolve E-Gaming Index ETF (HERO.TO) has a higher volatility of 6.74% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 4.80%. This indicates that HERO.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.
Loading charts...
Volatility by Period
| HERO.TO | UTES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 4.80% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 8.28% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 10.27% | +7.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.64% | 11.31% | +9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 11.31% | +9.67% |
Dividends
HERO.TO vs. UTES.TO - Dividend Comparison
HERO.TO's dividend yield for the trailing twelve months is around 0.54%, less than UTES.TO's 17.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HERO.TO Evolve E-Gaming Index ETF | 0.54% | 0.45% | 0.57% | 0.70% | 0.82% | 0.57% | 0.16% | 0.13% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.65% | 18.30% | 6.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HERO.TO and UTES.TO have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HERO.TO is categorized as Gaming, while UTES.TO is Derivative Income.
Find the right allocation for HERO.TO and UTES.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer