SIXY.TO vs. UTES.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO).

SIXY.TO and UTES.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SIXY.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Dec 1, 2025. UTES.TO is an actively managed fund by Evolve. It was launched on Sep 3, 2024.

Performance

SIXY.TO vs. UTES.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO). The values are adjusted to include any dividend payments, if applicable.

SIXY.TO vs. UTES.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	0.37%	5.33%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	9.57%	-0.88%

Returns By Period

In the year-to-date period, SIXY.TO achieves a 0.37% return, which is significantly lower than UTES.TO's 9.57% return.

SIXY.TO

• 1D: 2.33%
• 1M: -5.44%
• YTD: 0.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UTES.TO

• 1D: -2.03%
• 1M: -0.62%
• YTD: 9.57%
• 6M: 8.75%
• 1Y: 21.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIXY.TO vs. UTES.TO - Expense Ratio Comparison

Both SIXY.TO and UTES.TO have an expense ratio of 0.60%.

SIXY.TO

Evolve Big Six Canadian Banks UltraYield Index ETF

UTES.TO

Evolve Canadian Utilities Enhanced Yield Index Fund ETF

Return for Risk

SIXY.TO vs. UTES.TO — Risk / Return Rank

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

UTES.TO

UTES.TO Risk / Return Rank: 89
UTES.TO Sharpe Ratio Rank: 90
UTES.TO Sortino Ratio Rank: 90
UTES.TO Omega Ratio Rank: 89
UTES.TO Calmar Ratio Rank: 86
UTES.TO Martin Ratio Rank: 88

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.

SIXY.TO vs. UTES.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SIXY.TO	UTES.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	1.36	-0.28

Correlation

The correlation between SIXY.TO and UTES.TO is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SIXY.TO vs. UTES.TO - Dividend Comparison

SIXY.TO's dividend yield for the trailing twelve months is around 5.76%, less than UTES.TO's 15.76% yield.

	TTM	2025	2024
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	5.76%	1.59%	0.00%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	15.76%	18.30%	6.05%

Drawdowns

SIXY.TO vs. UTES.TO - Drawdown Comparison

The maximum SIXY.TO drawdown since its inception was -9.64%, smaller than the maximum UTES.TO drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for SIXY.TO and UTES.TO.

Drawdown Indicators

	SIXY.TO	UTES.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.64%	-10.19%	+0.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.29%	—
Current Drawdown Current decline from peak	-7.31%	-2.33%	-4.98%
Average Drawdown Average peak-to-trough decline	-2.19%	-2.64%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.01%	—

Volatility

Volatility by Period

	SIXY.TO	UTES.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	11.00%	+6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	11.12%	+6.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	11.12%	+6.59%