HFG.TO vs. UMVP.TO

Last updated Jul 16, 2026

HFG.TO (Hamilton Global Financials ETF) and UMVP.TO (Hamilton Champions Utilities Index ETF) are both exchange-traded funds - HFG.TO is a Financials Equities fund actively managed by Hamilton, while UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index. HFG.TO is actively managed, while UMVP.TO is passively managed. At a correlation of -0.19, they often move in opposite directions.

Performance

HFG.TO vs. UMVP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Global Financials ETF (HFG.TO) and Hamilton Champions Utilities Index ETF (UMVP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HFG.TO

• 1D: 0.32%
• 1M: 6.00%
• 6M: 7.83%
• YTD: 7.76%
• 1Y: 17.10%
• 3Y*: 25.28%
• 5Y*: 15.43%
• 10Y*: —

UMVP.TO

• 1D: 0.56%
• 1M: -1.65%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HFG.TO vs. UMVP.TO - Yearly Performance Comparison

	2026 (YTD)
HFG.TO Hamilton Global Financials ETF	8.65%
UMVP.TO Hamilton Champions Utilities Index ETF	13.69%

Correlation

The correlation between HFG.TO and UMVP.TO is -0.19, 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 (All Time) Calculated using the full available price history since Jan 21, 2026	-0.19

Return for Risk

HFG.TO vs. UMVP.TO — Risk / Return Rank

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

HFG.TO

HFG.TO Risk / Return Rank: 42
HFG.TO Sharpe Ratio Rank: 44
HFG.TO Sortino Ratio Rank: 45
HFG.TO Omega Ratio Rank: 48
HFG.TO Calmar Ratio Rank: 36
HFG.TO Martin Ratio Rank: 38

UMVP.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

HFG.TO vs. UMVP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Global Financials ETF (HFG.TO) and Hamilton Champions Utilities Index ETF (UMVP.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.

	HFG.TO	UMVP.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.31	—	—
Sortino ratio: Return per unit of downside risk	1.93	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.57	—	—
Martin ratio: Return relative to average drawdown	4.96	—	—

Drawdowns

HFG.TO vs. UMVP.TO - Drawdown Comparison

The maximum HFG.TO drawdown since its inception was -42.71%, which is greater than UMVP.TO's maximum drawdown of -4.86%. Use the drawdown chart below to compare losses from any high point for HFG.TO and UMVP.TO.

Drawdown Indicators

	HFG.TO	UMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-42.71%	-4.86%	-37.85%
Max Drawdown (1Y) Largest decline over 1 year	-10.95%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.20%	—	—
Current Drawdown Current decline from peak	-0.54%	-2.40%	+1.86%
Average Drawdown Average peak-to-trough decline	-5.38%	-1.07%	-4.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	—	—

Volatility

Volatility by Period

	HFG.TO	UMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	9.73%	+3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	9.73%	+6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.26%	9.73%	+10.53%

Dividends

HFG.TO vs. UMVP.TO - Dividend Comparison

HFG.TO's dividend yield for the trailing twelve months is around 2.40%, more than UMVP.TO's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HFG.TO Hamilton Global Financials ETF	2.40%	2.55%	3.05%	3.86%	10.09%	4.16%	1.85%
UMVP.TO Hamilton Champions Utilities Index ETF	1.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HFG.TO and UMVP.TO in my portfolio?

HFG.TO and UMVP.TO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HFG.TO and UMVP.TO?

HFG.TO is categorized as Financials Equities, while UMVP.TO is Utilities Equities.