HISA.NEO vs. UTES.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve High Interest Savings Account ETF (HISA.NEO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO).

HISA.NEO 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. HISA.NEO is an actively managed fund by Evolve. It was launched on Nov 19, 2019. UTES.TO is an actively managed fund by Evolve. It was launched on Sep 3, 2024.

Performance

HISA.NEO vs. UTES.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve High Interest Savings Account ETF (HISA.NEO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO). The values are adjusted to include any dividend payments, if applicable.

HISA.NEO vs. UTES.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HISA.NEO Evolve High Interest Savings Account ETF	0.30%	2.30%	1.26%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	9.57%	18.66%	-4.25%

Returns By Period

In the year-to-date period, HISA.NEO achieves a 0.30% return, which is significantly lower than UTES.TO's 9.57% return.

HISA.NEO

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.30%
• 6M: 0.87%
• 1Y: 2.17%
• 3Y*: 3.30%
• 5Y*: 2.73%
• 10Y*: —

UTES.TO

• 1D: -2.03%
• 1M: -0.62%
• YTD: 9.57%
• 6M: 8.75%
• 1Y: 21.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HISA.NEO vs. UTES.TO - Expense Ratio Comparison

HISA.NEO has a 0.15% expense ratio, which is lower than UTES.TO's 0.60% expense ratio.

UTES.TO

Evolve Canadian Utilities Enhanced Yield Index Fund ETF

HISA.NEO

Evolve High Interest Savings Account ETF

Return for Risk

HISA.NEO vs. UTES.TO — Risk / Return Rank

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

HISA.NEO

HISA.NEO Risk / Return Rank: 99
HISA.NEO Sharpe Ratio Rank: 99
HISA.NEO Sortino Ratio Rank: 99
HISA.NEO Omega Ratio Rank: 100
HISA.NEO Calmar Ratio Rank: 99
HISA.NEO Martin Ratio Rank: 99

UTES.TO

UTES.TO Risk / Return Rank: 89
UTES.TO Sharpe Ratio Rank: 90
UTES.TO Sortino Ratio Rank: 90
UTES.TO Omega Ratio Rank: 89
UTES.TO Calmar Ratio Rank: 86
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.

HISA.NEO vs. UTES.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve High Interest Savings Account ETF (HISA.NEO) 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.

	HISA.NEO	UTES.TO	Difference
Sharpe ratio Return per unit of total volatility	6.81	1.94	+4.88
Sortino ratio Return per unit of downside risk	11.79	2.54	+9.24
Omega ratio Gain probability vs. loss probability	5.96	1.36	+4.59
Calmar ratio Return relative to maximum drawdown	13.54	2.59	+10.94
Martin ratio Return relative to average drawdown	152.99	10.83	+142.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HISA.NEO vs. UTES.TO - Sharpe Ratio Comparison

The current HISA.NEO Sharpe Ratio is 6.81, which is higher than the UTES.TO Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of HISA.NEO 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

	HISA.NEO	UTES.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.81	1.94	+4.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	6.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.21	1.36	+3.85

Correlation

The correlation between HISA.NEO and UTES.TO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

HISA.NEO vs. UTES.TO - Dividend Comparison

HISA.NEO's dividend yield for the trailing twelve months is around 2.35%, less than UTES.TO's 15.76% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
HISA.NEO Evolve High Interest Savings Account ETF	2.35%	2.32%	3.65%	4.60%	2.22%	0.52%	0.84%	0.76%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	15.76%	18.30%	6.05%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HISA.NEO vs. UTES.TO - Drawdown Comparison

The maximum HISA.NEO drawdown since its inception was -0.42%, smaller than the maximum UTES.TO drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for HISA.NEO and UTES.TO.

Drawdown Indicators

	HISA.NEO	UTES.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.42%	-10.19%	+9.77%
Max Drawdown (1Y) Largest decline over 1 year	-0.18%	-8.29%	+8.11%
Max Drawdown (5Y) Largest decline over 5 years	-0.42%	—	—
Current Drawdown Current decline from peak	0.00%	-2.33%	+2.33%
Average Drawdown Average peak-to-trough decline	-0.01%	-2.64%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	2.01%	-1.99%

Volatility

HISA.NEO vs. UTES.TO - Volatility Comparison

The current volatility for Evolve High Interest Savings Account ETF (HISA.NEO) is 0.08%, while Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) has a volatility of 3.44%. This indicates that HISA.NEO experiences smaller price fluctuations and is considered to be less risky than UTES.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HISA.NEO	UTES.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	3.44%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	0.31%	6.98%	-6.67%
Volatility (1Y) Calculated over the trailing 1-year period	0.35%	11.00%	-10.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.46%	11.12%	-10.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.48%	11.12%	-10.64%