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HUTS.TO vs. XUT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HUTS.TO vs. XUT.TO

Last updated Jun 4, 2026

HUTS.TO (Hamilton Enhanced Utilities ETF) and XUT.TO (iShares S&P/TSX Capped Utilities Index ETF) are both Utilities Equities funds - HUTS.TO tracks the Solactive Canadian Utility Services High Dividend Index TR while XUT.TO tracks the Morningstar Gbl GR CAD. Both are passively managed. Over the past 3 years, HUTS.TO returned 13.29%/yr vs 12.29%/yr for XUT.TO. Their correlation of 0.82 suggests significant overlap in exposure. HUTS.TO charges 2.06%/yr vs 0.61%/yr for XUT.TO.

Performance

HUTS.TO vs. XUT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Enhanced Utilities ETF (HUTS.TO) and iShares S&P/TSX Capped Utilities Index ETF (XUT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HUTS.TO achieves a 18.77% return, which is significantly higher than XUT.TO's 14.90% return.

HUTS.TO

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

XUT.TO

1D
0.14%
1M
3.21%
YTD
14.90%
6M
13.55%
1Y
23.81%
3Y*
12.29%
5Y*
7.97%
10Y*
9.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
HUTS.TO
Hamilton Enhanced Utilities ETF		18.77%21.29%9.40%-3.91%-12.80%
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		14.90%18.91%13.09%-0.45%-15.74%

Correlation

The correlation between HUTS.TO and XUT.TO is 0.65, 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

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Sep 7, 2022

0.82

The correlation between HUTS.TO and XUT.TO shifts across timeframes, from 0.65 (1 year) to 0.82 (3 years), reflecting how their relationship changes across market environments.

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

Sectors
HUTS.TO
XUT.TO

Utilities

41.3%
90.7%

Energy

35.1%
9.3%

Communication Services

23.6%

-

Basic Materials

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Financial Services

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

-

Utilities

HUTS.TO
41.3%
XUT.TO
90.7%

Energy

HUTS.TO
35.1%
XUT.TO
9.3%

Communication Services

HUTS.TO
23.6%
XUT.TO

-

Basic Materials

HUTS.TO

-

XUT.TO

-

Consumer Cyclical

HUTS.TO

-

XUT.TO

-

Consumer Defensive

HUTS.TO

-

XUT.TO

-

Financial Services

HUTS.TO

-

XUT.TO

-

Healthcare

HUTS.TO

-

XUT.TO

-

Industrials

HUTS.TO

-

XUT.TO

-

Real Estate

HUTS.TO

-

XUT.TO

-

Technology

HUTS.TO

-

XUT.TO

-

Compare stocks, funds, or ETFs

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Hamilton Enhanced Utilities ETF

iShares S&P/TSX Capped Utilities Index ETF

Often compared with HUTS.TO:
HUTS.TO vs. UTIL.TOHUTS.TO vs. ZWU.TOHUTS.TO vs. CMAX.TOHUTS.TO vs. QMVP.TOHUTS.TO vs. HUTL.TOHUTS.TO vs. HYLD-U.TOHUTS.TO vs. HBA.TO
Often compared with XUT.TO:
XUT.TO vs. ZUT.TOXUT.TO vs. XEI.TOXUT.TO vs. ZLB.TOXUT.TO vs. XIU.TOXUT.TO vs. XLUXUT.TO vs. UTES.TOXUT.TO vs. VPU

Return for Risk

HUTS.TO vs. XUT.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: 9292
Overall Rank
HUTS.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
HUTS.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
HUTS.TO Omega Ratio Rank: 9393
Omega Ratio Rank
HUTS.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
HUTS.TO Martin Ratio Rank: 8686
Martin Ratio Rank
XUT.TO
XUT.TO Risk / Return Rank: 8484
Overall Rank
XUT.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XUT.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XUT.TO Omega Ratio Rank: 8989
Omega Ratio Rank
XUT.TO Calmar Ratio Rank: 8585
Calmar Ratio Rank
XUT.TO Martin Ratio Rank: 6767
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.

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

This table presents a comparison of risk-adjusted performance metrics for Hamilton Enhanced Utilities ETF (HUTS.TO) and iShares S&P/TSX Capped Utilities Index ETF (XUT.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.TOXUT.TODifference
Sharpe ratioReturn per unit of total volatility
3.56
2.99

+0.56

Sortino ratioReturn per unit of downside risk
5.12
4.20

+0.92

Omega ratioGain probability vs. loss probability

1.65

1.57

+0.08

Calmar ratioReturn relative to maximum drawdown

5.75

4.78

+0.97

Martin ratioReturn relative to average drawdown

18.05

12.45

+5.60

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. XUT.TO - Sharpe Ratio Comparison

The current HUTS.TO Sharpe Ratio is 3.56, which is comparable to the XUT.TO Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of HUTS.TO and XUT.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.

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Sharpe Ratios by Period

HUTS.TOXUT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.56

2.99

+0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.63

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.59

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.54

-0.02

Drawdowns

HUTS.TO vs. XUT.TO - Drawdown Comparison

The maximum HUTS.TO drawdown since its inception was -30.57%, smaller than the maximum XUT.TO drawdown of -37.65%. Use the drawdown chart below to compare losses from any high point for HUTS.TO and XUT.TO.

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Drawdown Indicators

HUTS.TOXUT.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.57%

-37.65%

+7.08%

Max Drawdown (1Y)

Largest decline over 1 year

-5.84%

-5.00%

-0.84%

Max Drawdown (3Y)

Largest decline over 3 years

-22.04%

-19.77%

-2.27%

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.54%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.65%

—

Current Drawdown

Current decline from peak

-1.31%

-1.20%

-0.11%

Average Drawdown

Average peak-to-trough decline

-10.07%

-5.70%

-4.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.86%

1.94%

-0.08%

Volatility

HUTS.TO vs. XUT.TO - Volatility Comparison

Hamilton Enhanced Utilities ETF (HUTS.TO) has a higher volatility of 2.93% compared to iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) at 2.50%. This indicates that HUTS.TO's price experiences larger fluctuations and is considered to be riskier than XUT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HUTS.TOXUT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

2.50%

+0.43%

Volatility (6M)

Calculated over the trailing 6-month period

7.75%

6.68%

+1.07%

Volatility (1Y)

Calculated over the trailing 1-year period

9.45%

8.05%

+1.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.01%

12.65%

+2.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.01%

16.09%

-1.08%

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

HUTS.TO has a 2.06% expense ratio, which is higher than XUT.TO's 0.61% expense ratio.

Dividends

HUTS.TO vs. XUT.TO - Dividend Comparison

HUTS.TO's dividend yield for the trailing twelve months is around 5.50%, more than XUT.TO's 3.23% yield.

PositionTTM20252024202320222021202020192018201720162015
HUTS.TO
Hamilton Enhanced Utilities ETF		5.50%6.45%7.45%7.83%2.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XUT.TO
iShares S&P/TSX Capped Utilities Index ETF		3.23%3.79%4.00%3.90%3.80%2.99%4.51%3.57%4.52%3.57%3.74%4.05%

Frequently Asked Questions

HUTS.TO and XUT.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XUT.TO is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XUT.TO is cheaper with a 0.61% expense ratio, compared with 2.06% for HUTS.TO.

HUTS.TO tracks Solactive Canadian Utility Services High Dividend Index TR, while XUT.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: Hamilton and iShares. Their fees differ too: 2.06% for HUTS.TO and 0.61% for XUT.TO.

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