HUTS.TO vs. UTIL.TO

Last updated Jun 4, 2026

HUTS.TO (Hamilton Enhanced Utilities ETF) and UTIL.TO (Global X Equal Weight Canadian Utilities Index ETF) are both Utilities Equities funds - HUTS.TO tracks the Solactive Canadian Utility Services High Dividend Index TR while UTIL.TO tracks the Mirae Asset Equal Weight Canadian Utilities Index. Both are passively managed. Over the past 3 years, HUTS.TO returned 13.29%/yr vs 13.20%/yr for UTIL.TO. A 0.73 correlation means they provide meaningful diversification when combined.

Performance

HUTS.TO vs. UTIL.TO - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with HUTS.TO having a 18.77% return and UTIL.TO slightly lower at 17.98%.

HUTS.TO

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

UTIL.TO

• 1D: -0.53%
• 1M: 5.15%
• YTD: 17.98%
• 6M: 15.99%
• 1Y: 26.91%
• 3Y*: 13.20%
• 5Y*: —
• 10Y*: —

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

HUTS.TO vs. UTIL.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%
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF	17.98%	19.08%	8.82%	-1.83%	-10.30%

Correlation

The correlation between HUTS.TO and UTIL.TO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022	0.73

The correlation between HUTS.TO and UTIL.TO shifts across timeframes, from 0.61 (1 year) to 0.77 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

HUTS.TO vs. UTIL.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

UTIL.TO

UTIL.TO Risk / Return Rank: 87
UTIL.TO Sharpe Ratio Rank: 85
UTIL.TO Sortino Ratio Rank: 86
UTIL.TO Omega Ratio Rank: 88
UTIL.TO Calmar Ratio Rank: 91
UTIL.TO Martin Ratio Rank: 82

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. UTIL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Utilities ETF (HUTS.TO) and Global X Equal Weight Canadian Utilities Index ETF (UTIL.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	UTIL.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.56	2.82	+0.74
Sortino ratio: Return per unit of downside risk	5.12	3.92	+1.21
Omega ratio: Gain probability vs. loss probability	1.65	1.56	+0.10
Calmar ratio: Return relative to maximum drawdown	5.75	5.86	-0.10
Martin ratio: Return relative to average drawdown	18.05	16.26	+1.79
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. UTIL.TO - Sharpe Ratio Comparison

The current HUTS.TO Sharpe Ratio is 3.56, which is comparable to the UTIL.TO Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of HUTS.TO and UTIL.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	UTIL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.56	2.82	+0.74
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.61	-0.10

Drawdowns

HUTS.TO vs. UTIL.TO - Drawdown Comparison

The maximum HUTS.TO drawdown since its inception was -30.57%, which is greater than UTIL.TO's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for HUTS.TO and UTIL.TO.

Drawdown Indicators

	HUTS.TO	UTIL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-30.57%	-25.61%	-4.96%
Max Drawdown (1Y) Largest decline over 1 year	-5.84%	-4.62%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-22.04%	-17.44%	-4.60%
Current Drawdown Current decline from peak	-1.31%	-1.15%	-0.16%
Average Drawdown Average peak-to-trough decline	-10.07%	-7.89%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.67%	+0.19%

Volatility

HUTS.TO vs. UTIL.TO - Volatility Comparison

The current volatility for Hamilton Enhanced Utilities ETF (HUTS.TO) is 2.93%, while Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) has a volatility of 3.44%. This indicates that HUTS.TO experiences smaller price fluctuations and is considered to be less risky than UTIL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HUTS.TO	UTIL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	3.44%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	7.87%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	9.45%	9.60%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	12.55%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.01%	12.55%	+2.46%

Dividends

HUTS.TO vs. UTIL.TO - Dividend Comparison

HUTS.TO's dividend yield for the trailing twelve months is around 5.50%, more than UTIL.TO's 3.39% yield.

Position	TTM	2025	2024	2023	2022
HUTS.TO Hamilton Enhanced Utilities ETF	5.50%	6.45%	7.45%	7.83%	2.33%
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF	3.39%	4.07%	4.38%	4.45%	1.87%

Frequently Asked Questions

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

HUTS.TO and UTIL.TO have a correlation of 0.61, 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 UTIL.TO?

HUTS.TO tracks Solactive Canadian Utility Services High Dividend Index TR, while UTIL.TO tracks Mirae Asset Equal Weight Canadian Utilities Index. They also come from different issuers: Hamilton and Global X.