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HUTE.TO vs. EMCL.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HUTE.TO vs. EMCL.NEO

Last updated Jun 26, 2026

HUTE.TO (Harvest Equal Weight Global Utilities Enhanced Income ETF) and EMCL.NEO (Global X Enhanced MSCI Emerging Markets Covered Call ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HUTE.TO returned 20.12% vs 47.60% for EMCL.NEO. At a 0.02 correlation, their price movements are largely independent.

Performance

HUTE.TO vs. EMCL.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) and Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HUTE.TO achieves a 12.60% return, which is significantly lower than EMCL.NEO's 26.93% return.

HUTE.TO

1D
0.08%
1M
-2.57%
YTD
12.60%
6M
13.60%
1Y
20.12%
3Y*
17.18%
5Y*
—
10Y*
—

EMCL.NEO

1D
0.27%
1M
3.04%
YTD
26.93%
6M
28.29%
1Y
47.60%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HUTE.TO vs. EMCL.NEO - Yearly Performance Comparison

2026 (YTD)20252024
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Income ETF		12.60%19.04%10.92%
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Call ETF		26.93%20.46%3.66%

Correlation

The correlation between HUTE.TO and EMCL.NEO is 0.09, 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

0.09

Correlation (All Time)
Calculated using the full available price history since May 29, 2024

0.02

HUTE.TO vs. EMCL.NEO - Sectors Allocation Comparison

Sectors
HUTE.TO
EMCL.NEO

Utilities

40.4%
2.1%

Communication Services

38.2%
6.5%

Energy

18.1%
4.2%

Industrials

3.3%
7.8%

Basic Materials

-

7.0%

Consumer Cyclical

-

6.3%

Consumer Defensive

-

2.8%

Financial Services

-

19.8%

Healthcare

-

2.2%

Real Estate

-

1.1%

Technology

-

40.3%

Utilities

HUTE.TO
40.4%
EMCL.NEO
2.1%

Communication Services

HUTE.TO
38.2%
EMCL.NEO
6.5%

Energy

HUTE.TO
18.1%
EMCL.NEO
4.2%

Industrials

HUTE.TO
3.3%
EMCL.NEO
7.8%

Basic Materials

HUTE.TO

-

EMCL.NEO
7.0%

Consumer Cyclical

HUTE.TO

-

EMCL.NEO
6.3%

Consumer Defensive

HUTE.TO

-

EMCL.NEO
2.8%

Financial Services

HUTE.TO

-

EMCL.NEO
19.8%

Healthcare

HUTE.TO

-

EMCL.NEO
2.2%

Real Estate

HUTE.TO

-

EMCL.NEO
1.1%

Technology

HUTE.TO

-

EMCL.NEO
40.3%

Compare stocks, funds, or ETFs

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Harvest Equal Weight Global Utilities Enhanced Income ETF

Global X Enhanced MSCI Emerging Markets Covered Call ETF

Often compared with HUTE.TO:
HUTE.TO vs. UTES.TOHUTE.TO vs. ZWU.TOHUTE.TO vs. HUTL.TOHUTE.TO vs. UTIL.TOHUTE.TO vs. HHL.TOHUTE.TO vs. BMAX.TOHUTE.TO vs. HYLD.TO
Often compared with EMCL.NEO:
EMCL.NEO vs. EQCC.TOEMCL.NEO vs. EQCL.TOEMCL.NEO vs. BKCL.TOEMCL.NEO vs. BKCC.TOEMCL.NEO vs. ZWC.TOEMCL.NEO vs. EACC.NEOEMCL.NEO vs. HEQT.TO

Return for Risk

HUTE.TO vs. EMCL.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HUTE.TO
HUTE.TO Risk / Return Rank: 6262
Overall Rank
HUTE.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
HUTE.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
HUTE.TO Omega Ratio Rank: 5858
Omega Ratio Rank
HUTE.TO Calmar Ratio Rank: 7272
Calmar Ratio Rank
HUTE.TO Martin Ratio Rank: 6262
Martin Ratio Rank
EMCL.NEO
EMCL.NEO Risk / Return Rank: 7878
Overall Rank
EMCL.NEO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EMCL.NEO Sortino Ratio Rank: 6767
Sortino Ratio Rank
EMCL.NEO Omega Ratio Rank: 8484
Omega Ratio Rank
EMCL.NEO Calmar Ratio Rank: 8181
Calmar Ratio Rank
EMCL.NEO Martin Ratio Rank: 7979
Martin Ratio Rank
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.

HUTE.TO vs. EMCL.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) and Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO). 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.

HUTE.TOEMCL.NEODifference
Sharpe ratioReturn per unit of total volatility
1.71
2.18

-0.48

Sortino ratioReturn per unit of downside risk
2.41
2.68

-0.27

Omega ratioGain probability vs. loss probability

1.31

1.45

-0.13

Calmar ratioReturn relative to maximum drawdown

3.20

3.74

-0.53

Martin ratioReturn relative to average drawdown

9.79

13.41

-3.62

HUTE.TO vs. EMCL.NEO - Sharpe Ratio Comparison

The current HUTE.TO Sharpe Ratio is 1.71, which is comparable to the EMCL.NEO Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of HUTE.TO and EMCL.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HUTE.TO vs. EMCL.NEO - Drawdown Comparison

The maximum HUTE.TO drawdown since its inception was -18.35%, smaller than the maximum EMCL.NEO drawdown of -19.73%. Use the drawdown chart below to compare losses from any high point for HUTE.TO and EMCL.NEO.

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Drawdown Indicators

HUTE.TOEMCL.NEODifference

Max Drawdown

Largest peak-to-trough decline

-18.35%

-19.73%

+1.38%

Max Drawdown (1Y)

Largest decline over 1 year

-6.31%

-13.12%

+6.81%

Max Drawdown (3Y)

Largest decline over 3 years

-13.25%

—

—

Current Drawdown

Current decline from peak

-4.29%

-4.65%

+0.36%

Average Drawdown

Average peak-to-trough decline

-3.90%

-2.57%

-1.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

3.61%

-1.55%

Volatility

HUTE.TO vs. EMCL.NEO - Volatility Comparison

The current volatility for Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) is 4.32%, while Global X Enhanced MSCI Emerging Markets Covered Call ETF (EMCL.NEO) has a volatility of 12.60%. This indicates that HUTE.TO experiences smaller price fluctuations and is considered to be less risky than EMCL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HUTE.TOEMCL.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.32%

12.60%

-8.28%

Volatility (6M)

Calculated over the trailing 6-month period

10.13%

20.76%

-10.63%

Volatility (1Y)

Calculated over the trailing 1-year period

11.90%

22.56%

-10.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.59%

23.02%

-8.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.59%

23.02%

-8.43%

Dividends

HUTE.TO vs. EMCL.NEO - Dividend Comparison

HUTE.TO's dividend yield for the trailing twelve months is around 9.20%, less than EMCL.NEO's 10.20% yield.

PositionTTM2025202420232022
EMCL.NEO
Global X Enhanced MSCI Emerging Markets Covered Call ETF		10.20%9.86%3.10%0.00%0.00%
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Income ETF		9.20%9.64%10.24%10.72%1.61%

Frequently Asked Questions

HUTE.TO and EMCL.NEO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Harvest and Global X.

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