SOLA.TO vs. UTES.TO
SOLA.TO (Evolve Solana ETF) and UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) are both exchange-traded funds - SOLA.TO is a Cryptocurrency fund actively managed by Evolve, while UTES.TO is a Derivative Income fund actively managed by Evolve. Both are actively managed. Over the past year, SOLA.TO returned -52.10% vs 20.77% for UTES.TO. At a correlation of -0.16, they often move in opposite directions.
Performance
SOLA.TO vs. UTES.TO - Performance Comparison
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Returns By Period
In the year-to-date period, SOLA.TO achieves a -37.77% return, which is significantly lower than UTES.TO's 13.10% return.
SOLA.TO
- 1D
- 0.00%
- 1M
- 1.60%
- 6M
- -48.18%
- YTD
- -37.77%
- 1Y
- -52.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTES.TO
- 1D
- 0.97%
- 1M
- -2.18%
- 6M
- 13.60%
- YTD
- 13.10%
- 1Y
- 20.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOLA.TO vs. UTES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SOLA.TO Evolve Solana ETF | -37.77% | -5.66% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 13.10% | 14.85% |
Correlation
The correlation between SOLA.TO and UTES.TO is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2025 | -0.16 |
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Return for Risk
SOLA.TO vs. UTES.TO — Risk / Return Rank
SOLA.TO
UTES.TO
SOLA.TO vs. UTES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Solana ETF (SOLA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SOLA.TO | UTES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.36 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 3.26 | -3.97 |
| Martin ratioReturn relative to average drawdown | -1.02 | 9.55 | -10.57 |
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Drawdowns
SOLA.TO vs. UTES.TO - Drawdown Comparison
The maximum SOLA.TO drawdown since its inception was -74.77%, which is greater than UTES.TO's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for SOLA.TO and UTES.TO.
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Drawdown Indicators
| SOLA.TO | UTES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.77% | -10.19% | -64.58% |
Max Drawdown (1Y)Largest decline over 1 year | -74.77% | -6.39% | -68.38% |
Current DrawdownCurrent decline from peak | -69.27% | -2.18% | -67.09% |
Average DrawdownAverage peak-to-trough decline | -38.22% | -2.57% | -35.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.04% | 2.18% | +48.86% |
Volatility
SOLA.TO vs. UTES.TO - Volatility Comparison
Evolve Solana ETF (SOLA.TO) has a higher volatility of 20.39% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 4.80%. This indicates that SOLA.TO's price experiences larger fluctuations and is considered to be riskier than UTES.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SOLA.TO | UTES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.39% | 4.80% | +15.59% |
Volatility (6M)Calculated over the trailing 6-month period | 52.36% | 8.28% | +44.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.24% | 10.27% | +63.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.52% | 11.31% | +61.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.52% | 11.31% | +61.21% |
Dividends
SOLA.TO vs. UTES.TO - Dividend Comparison
SOLA.TO has not paid dividends to shareholders, while UTES.TO's dividend yield for the trailing twelve months is around 17.65%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SOLA.TO Evolve Solana ETF | 0.00% | 0.00% | 0.00% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.65% | 18.30% | 6.05% |
Frequently Asked Questions
SOLA.TO and UTES.TO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOLA.TO is categorized as Cryptocurrency, while UTES.TO is Derivative Income.
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