SOXU.TO vs. UTES.TO

Last updated Aug 1, 2026

SOXU.TO (MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF) and UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund) are both exchange-traded funds - SOXU.TO is a Leveraged Equities fund tracking the Solactive US Semiconductor 30 Capped Index, while UTES.TO is a Utilities Equities fund tracking the Solactive Canada Utility Index. Both are passively managed. Over the past year, SOXU.TO returned 356.00% vs 16.01% for UTES.TO. Their -0.27 correlation means they have often moved in opposite directions in the past. SOXU.TO charges 1.81%/yr vs 0.84%/yr for UTES.TO.

Performance

SOXU.TO vs. UTES.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOXU.TO achieves a 162.51% return, which is significantly higher than UTES.TO's 10.38% return.

SOXU.TO

• 1D: -0.49%
• 1M: -42.82%
• 6M: 86.13%
• YTD: 162.51%
• 1Y: 356.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 425.89%

UTES.TO

• 1D: -2.40%
• 1M: 0.16%
• 6M: 7.90%
• YTD: 10.38%
• 1Y: 16.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SOXU.TO MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF	CA$4.12M	CA$4.70M	CA$4.16M
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund	CA$2.69M	CA$2.73M	CA$2.60M

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

	2026 (YTD)	2025
SOXU.TO MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF	162.51%	173.80%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund	10.38%	12.03%

Correlation

The correlation between SOXU.TO and UTES.TO is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.29
Correlation (All Time) Calculated using the full available price history since May 23, 2025	-0.27

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

SOXU.TO

SOXU.TO Risk / Return Rank: 89
SOXU.TO Sharpe Ratio Rank: 94
SOXU.TO Sortino Ratio Rank: 80
SOXU.TO Omega Ratio Rank: 84
SOXU.TO Calmar Ratio Rank: 94
SOXU.TO Martin Ratio Rank: 93

UTES.TO

UTES.TO Risk / Return Rank: 64
UTES.TO Sharpe Ratio Rank: 64
UTES.TO Sortino Ratio Rank: 64
UTES.TO Omega Ratio Rank: 61
UTES.TO Calmar Ratio Rank: 72
UTES.TO Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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

This table presents a comparison of risk-adjusted performance metrics for MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund (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.

	SOXU.TO	UTES.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.54	+1.09
Sortino ratio: Return per unit of downside risk	2.63	2.19	+0.44
Omega ratio: Gain probability vs. loss probability	1.37	1.27	+0.09
Calmar ratio: Return relative to maximum drawdown	5.00	2.59	+2.41
Martin ratio: Return relative to average drawdown	17.25	7.42	+9.83

SOXU.TO vs. UTES.TO - Sharpe Ratio Comparison

The current SOXU.TO Sharpe Ratio is 2.62, which is higher than the UTES.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of SOXU.TO and UTES.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.

Drawdowns

SOXU.TO vs. UTES.TO - Drawdown Comparison

The maximum SOXU.TO drawdown since its inception was -69.86%, 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 SOXU.TO and UTES.TO.

Drawdown Indicators

	SOXU.TO	UTES.TO	Difference
Max Drawdown Largest peak-to-trough decline	-69.86%	-10.19%	-59.67%
Max Drawdown (1Y) Largest decline over 1 year	-69.86%	-6.39%	-63.47%
Current Drawdown Current decline from peak	-62.37%	-4.53%	-57.84%
Average Drawdown Average peak-to-trough decline	-11.83%	-2.56%	-9.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.22%	2.23%	+17.99%

Volatility

SOXU.TO vs. UTES.TO - Volatility Comparison

MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF (SOXU.TO) has a higher volatility of 52.19% compared to Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) at 4.78%. This indicates that SOXU.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.

Volatility by Period

	SOXU.TO	UTES.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.19%	4.78%	+47.41%
Volatility (6M) Calculated over the trailing 6-month period	120.64%	8.93%	+111.71%
Volatility (1Y) Calculated over the trailing 1-year period	133.55%	10.78%	+122.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	125.64%	11.46%	+114.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	125.64%	11.46%	+114.18%

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

SOXU.TO has a 1.81% expense ratio, which is higher than UTES.TO's 0.84% expense ratio.

Dividends

SOXU.TO vs. UTES.TO - Dividend Comparison

SOXU.TO has not paid dividends to shareholders, while UTES.TO's dividend yield for the trailing twelve months is around 18.36%.

Position	TTM	2025	2024
SOXU.TO MegaLong (3X) US Semiconductors Daily Leveraged Alternative ETF	0.00%	0.00%	0.00%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund	18.36%	18.30%	6.05%

Frequently Asked Questions

Can I hold both SOXU.TO and UTES.TO in my portfolio?

SOXU.TO and UTES.TO have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SOXU.TO or UTES.TO?

On fees, UTES.TO is cheaper at 0.84% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SOXU.TO or UTES.TO?

UTES.TO is cheaper with a 0.84% expense ratio, compared with 1.81% for SOXU.TO.

What is the main difference between SOXU.TO and UTES.TO?

SOXU.TO is categorized as Leveraged Equities, while UTES.TO is Utilities Equities. SOXU.TO tracks Solactive US Semiconductor 30 Capped Index, while UTES.TO tracks Solactive Canada Utility Index. They also come from different issuers: LongPoint and Evolve. Their fees differ too: 1.81% for SOXU.TO and 0.84% for UTES.TO.