HUTE.TO vs. UMVP.TO

Last updated Jun 24, 2026

HUTE.TO (Harvest Equal Weight Global Utilities Enhanced Income ETF) and UMVP.TO (Hamilton Champions Utilities Index ETF) are both exchange-traded funds - HUTE.TO is a Derivative Income fund actively managed by Harvest, while UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index. HUTE.TO is actively managed, while UMVP.TO is passively managed. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

HUTE.TO vs. UMVP.TO - 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 Hamilton Champions Utilities Index ETF (UMVP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HUTE.TO

• 1D: 2.05%
• 1M: -2.39%
• YTD: 13.36%
• 6M: 15.00%
• 1Y: 19.61%
• 3Y*: 17.45%
• 5Y*: —
• 10Y*: —

UMVP.TO

• 1D: 1.00%
• 1M: -0.02%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF	10.83%
UMVP.TO Hamilton Champions Utilities Index ETF	15.48%

Correlation

The correlation between HUTE.TO and UMVP.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.54

Return for Risk

HUTE.TO vs. UMVP.TO — 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: 56
HUTE.TO Sharpe Ratio Rank: 51
HUTE.TO Sortino Ratio Rank: 51
HUTE.TO Omega Ratio Rank: 51
HUTE.TO Calmar Ratio Rank: 67
HUTE.TO Martin Ratio Rank: 58

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.

HUTE.TO vs. UMVP.TO - 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 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.

	HUTE.TO	UMVP.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.66	—	—
Sortino ratio: Return per unit of downside risk	2.35	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.12	—	—
Martin ratio: Return relative to average drawdown	9.71	—	—

Drawdowns

HUTE.TO vs. UMVP.TO - Drawdown Comparison

The maximum HUTE.TO drawdown since its inception was -18.35%, which is greater than UMVP.TO's maximum drawdown of -4.57%. Use the drawdown chart below to compare losses from any high point for HUTE.TO and UMVP.TO.

Drawdown Indicators

	HUTE.TO	UMVP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-4.57%	-13.78%
Max Drawdown (1Y) Largest decline over 1 year	-6.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	—	—
Current Drawdown Current decline from peak	-3.65%	-0.87%	-2.78%
Average Drawdown Average peak-to-trough decline	-3.90%	-0.81%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	HUTE.TO	UMVP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.87%	9.15%	+2.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	9.15%	+5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	9.15%	+5.45%

Dividends

HUTE.TO vs. UMVP.TO - Dividend Comparison

HUTE.TO's dividend yield for the trailing twelve months is around 9.14%, more than UMVP.TO's 1.42% yield.

Position	TTM	2025	2024	2023	2022
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF	9.14%	9.64%	10.24%	10.72%	1.61%
UMVP.TO Hamilton Champions Utilities Index ETF	1.42%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

HUTE.TO and UMVP.TO have a correlation of 0.54, 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 HUTE.TO and UMVP.TO?

HUTE.TO is categorized as Derivative Income, while UMVP.TO is Utilities Equities. They also come from different issuers: Harvest and Hamilton.