HUTS.TO vs. HBA.TO

Last updated Jun 4, 2026

HUTS.TO (Hamilton Enhanced Utilities ETF) and HBA.TO (Hamilton Australian Bank Equal-Weight Index ETF) are both exchange-traded funds - HUTS.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index TR, while HBA.TO is a Financials Equities fund tracking the Solactive Australian Bank Equal-Weight Index. Both are passively managed. Over the past 3 years, HUTS.TO returned 13.29%/yr vs 19.36%/yr for HBA.TO. At a 0.25 correlation, their price movements are largely independent.

Performance

HUTS.TO vs. HBA.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, HUTS.TO achieves a 18.77% return, which is significantly higher than HBA.TO's -0.51% return.

HUTS.TO

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

HBA.TO

• 1D: -0.40%
• 1M: -2.87%
• YTD: -0.51%
• 6M: 3.67%
• 1Y: 7.13%
• 3Y*: 19.36%
• 5Y*: 11.38%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
HUTS.TO Hamilton Enhanced Utilities ETF	18.77%	21.29%	9.40%	-3.91%	-12.80%
HBA.TO Hamilton Australian Bank Equal-Weight Index ETF	-0.51%	13.01%	30.43%	12.29%	5.14%

Correlation

The correlation between HUTS.TO and HBA.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.25

The correlation between HUTS.TO and HBA.TO shifts across timeframes, from 0.13 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

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

Sectors	HUTS.TO	HBA.TO
Utilities	41.3%	-
Energy	35.1%	-
Communication Services	23.6%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	100.0%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

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

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

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

HBA.TO

HBA.TO Risk / Return Rank: 15
HBA.TO Sharpe Ratio Rank: 14
HBA.TO Sortino Ratio Rank: 14
HBA.TO Omega Ratio Rank: 14
HBA.TO Calmar Ratio Rank: 17
HBA.TO Martin Ratio Rank: 16

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.

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

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Utilities ETF (HUTS.TO) and Hamilton Australian Bank Equal-Weight Index ETF (HBA.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.

	HUTS.TO	HBA.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.56	0.38	+3.18
Sortino ratio: Return per unit of downside risk	5.12	0.67	+4.45
Omega ratio: Gain probability vs. loss probability	1.65	1.08	+0.57
Calmar ratio: Return relative to maximum drawdown	5.75	0.59	+5.16
Martin ratio: Return relative to average drawdown	18.05	1.42	+16.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HUTS.TO Sharpe Ratio is 3.56, which is higher than the HBA.TO Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of HUTS.TO and HBA.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

	HUTS.TO	HBA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.56	0.38	+3.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.95	-0.44

Drawdowns

HUTS.TO vs. HBA.TO - Drawdown Comparison

The maximum HUTS.TO drawdown since its inception was -30.57%, which is greater than HBA.TO's maximum drawdown of -21.15%. Use the drawdown chart below to compare losses from any high point for HUTS.TO and HBA.TO.

Drawdown Indicators

	HUTS.TO	HBA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.57%	-21.15%	-9.42%
Max Drawdown (1Y) Largest decline over 1 year	-5.84%	-12.12%	+6.28%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-19.21%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.15%	—
Current Drawdown Current decline from peak	-1.31%	-10.95%	+9.64%
Average Drawdown Average peak-to-trough decline	-10.07%	-4.53%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	5.02%	-3.16%

Volatility

HUTS.TO vs. HBA.TO - Volatility Comparison

The current volatility for Hamilton Enhanced Utilities ETF (HUTS.TO) is 2.93%, while Hamilton Australian Bank Equal-Weight Index ETF (HBA.TO) has a volatility of 6.76%. This indicates that HUTS.TO experiences smaller price fluctuations and is considered to be less risky than HBA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUTS.TO	HBA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	6.76%	-3.83%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	14.85%	-7.10%
Volatility (1Y) Calculated over the trailing 1-year period	9.45%	18.87%	-9.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	17.95%	-2.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	18.42%	-3.41%

Dividends

HUTS.TO vs. HBA.TO - Dividend Comparison

HUTS.TO's dividend yield for the trailing twelve months is around 5.50%, more than HBA.TO's 4.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HBA.TO Hamilton Australian Bank Equal-Weight Index ETF	4.17%	4.11%	4.45%	6.67%	8.56%	5.81%	2.66%
HUTS.TO Hamilton Enhanced Utilities ETF	5.50%	6.45%	7.45%	7.83%	2.33%	0.00%	0.00%

Frequently Asked Questions

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

HUTS.TO and HBA.TO have a correlation of 0.13, 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 HUTS.TO and HBA.TO?

HUTS.TO is categorized as Utilities Equities, while HBA.TO is Financials Equities. HUTS.TO tracks Solactive Canadian Utility Services High Dividend Index TR, while HBA.TO tracks Solactive Australian Bank Equal-Weight Index.