HUTL.TO vs. HUTS.TO

Last updated Jun 4, 2026

HUTL.TO (Harvest Equal Weight Global Utilities Income ETF) and HUTS.TO (Hamilton Enhanced Utilities ETF) are both Utilities Equities funds. HUTL.TO is actively managed, while HUTS.TO is passively managed. Over the past 3 years, HUTL.TO returned 13.58%/yr vs 13.29%/yr for HUTS.TO. A 0.59 correlation means they provide meaningful diversification when combined. HUTL.TO charges 0.67%/yr vs 2.06%/yr for HUTS.TO.

Performance

HUTL.TO vs. HUTS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Equal Weight Global Utilities Income ETF (HUTL.TO) and Hamilton Enhanced Utilities ETF (HUTS.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HUTL.TO achieves a 10.20% return, which is significantly lower than HUTS.TO's 18.77% return.

HUTL.TO

• 1D: -0.76%
• 1M: -0.36%
• YTD: 10.20%
• 6M: 10.63%
• 1Y: 16.39%
• 3Y*: 13.58%
• 5Y*: 8.52%
• 10Y*: —

HUTS.TO

• 1D: 0.00%
• 1M: 5.42%
• YTD: 18.77%
• 6M: 17.55%
• 1Y: 33.45%
• 3Y*: 13.29%
• 5Y*: —
• 10Y*: —

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

HUTL.TO vs. HUTS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HUTL.TO Harvest Equal Weight Global Utilities Income ETF	10.20%	15.59%	14.70%	3.11%	-3.80%
HUTS.TO Hamilton Enhanced Utilities ETF	18.77%	21.29%	9.40%	-3.91%	-12.80%

Correlation

The correlation between HUTL.TO and HUTS.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.59

The correlation between HUTL.TO and HUTS.TO shifts across timeframes, from 0.45 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

HUTL.TO vs. HUTS.TO - Sectors Allocation Comparison

Sectors	HUTL.TO	HUTS.TO
Utilities	40.4%	41.3%
Communication Services	38.2%	23.6%
Energy	18.1%	35.1%
Industrials	3.3%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

HUTL.TO vs. HUTS.TO — Risk / Return Rank

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

HUTL.TO

HUTL.TO Risk / Return Rank: 58
HUTL.TO Sharpe Ratio Rank: 46
HUTL.TO Sortino Ratio Rank: 48
HUTL.TO Omega Ratio Rank: 48
HUTL.TO Calmar Ratio Rank: 84
HUTL.TO Martin Ratio Rank: 64

HUTS.TO

HUTS.TO Risk / Return Rank: 92
HUTS.TO Sharpe Ratio Rank: 94
HUTS.TO Sortino Ratio Rank: 95
HUTS.TO Omega Ratio Rank: 93
HUTS.TO Calmar Ratio Rank: 91
HUTS.TO Martin Ratio Rank: 86

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.

HUTL.TO vs. HUTS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harvest Equal Weight Global Utilities Income ETF (HUTL.TO) and Hamilton Enhanced Utilities ETF (HUTS.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.

	HUTL.TO	HUTS.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.61	3.56	-1.95
Sortino ratio: Return per unit of downside risk	2.36	5.12	-2.76
Omega ratio: Gain probability vs. loss probability	1.30	1.65	-0.35
Calmar ratio: Return relative to maximum drawdown	4.54	5.75	-1.21
Martin ratio: Return relative to average drawdown	11.50	18.05	-6.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUTL.TO vs. HUTS.TO - Sharpe Ratio Comparison

The current HUTL.TO Sharpe Ratio is 1.61, which is lower than the HUTS.TO Sharpe Ratio of 3.56. The chart below compares the historical Sharpe Ratios of HUTL.TO and HUTS.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HUTL.TO	HUTS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	3.56	-1.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.52	-0.03

Drawdowns

HUTL.TO vs. HUTS.TO - Drawdown Comparison

The maximum HUTL.TO drawdown since its inception was -34.00%, which is greater than HUTS.TO's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for HUTL.TO and HUTS.TO.

Drawdown Indicators

	HUTL.TO	HUTS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-34.00%	-30.57%	-3.43%
Max Drawdown (1Y) Largest decline over 1 year	-3.62%	-5.84%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	-9.91%	-22.04%	+12.13%
Max Drawdown (5Y) Largest decline over 5 years	-19.71%	—	—
Current Drawdown Current decline from peak	-3.10%	-1.31%	-1.79%
Average Drawdown Average peak-to-trough decline	-6.68%	-10.07%	+3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	1.86%	-0.43%

Volatility

HUTL.TO vs. HUTS.TO - Volatility Comparison

Harvest Equal Weight Global Utilities Income ETF (HUTL.TO) has a higher volatility of 4.16% compared to Hamilton Enhanced Utilities ETF (HUTS.TO) at 2.93%. This indicates that HUTL.TO's price experiences larger fluctuations and is considered to be riskier than HUTS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUTL.TO	HUTS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	2.93%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	7.75%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	10.23%	9.45%	+0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.00%	15.01%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.25%	15.01%	+0.24%

HUTL.TO vs. HUTS.TO - Expense Ratio Comparison

HUTL.TO has a 0.67% expense ratio, which is lower than HUTS.TO's 2.06% expense ratio.

Dividends

HUTL.TO vs. HUTS.TO - Dividend Comparison

HUTL.TO's dividend yield for the trailing twelve months is around 7.66%, more than HUTS.TO's 5.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HUTL.TO Harvest Equal Weight Global Utilities Income ETF	7.66%	7.94%	8.30%	8.56%	8.13%	7.16%	7.73%	5.33%
HUTS.TO Hamilton Enhanced Utilities ETF	5.50%	6.45%	7.45%	7.83%	2.33%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HUTL.TO and HUTS.TO in my portfolio?

HUTL.TO and HUTS.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HUTL.TO or HUTS.TO?

On fees, HUTL.TO is cheaper at 0.67% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HUTL.TO or HUTS.TO?

HUTL.TO is cheaper with a 0.67% expense ratio, compared with 2.06% for HUTS.TO.

What is the main difference between HUTL.TO and HUTS.TO?

They also come from different issuers: Harvest and Hamilton. Their fees differ too: 0.67% for HUTL.TO and 2.06% for HUTS.TO.