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UDA.TO vs. UMVP.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UDA.TO vs. UMVP.TO

Last updated Aug 4, 2026
Documentation

UDA.TO (Caldwell U.S. Dividend Advantage Fund) and UMVP.TO (Hamilton Champions Utilities Index ETF) are both exchange-traded funds - UDA.TO is a Dividend fund actively managed by Caldwell, while UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index. UDA.TO is actively managed, while UMVP.TO is passively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. UDA.TO charges 0.73%/yr vs 0.19%/yr for UMVP.TO.

Performance

UDA.TO vs. UMVP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Caldwell U.S. Dividend Advantage Fund (UDA.TO) and Hamilton Champions Utilities Index ETF (UMVP.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

UDA.TO

1D
-0.19%
1M
-3.99%
6M
10.41%
YTD
12.32%
1Y
18.58%
3Y*
11.85%
5Y*
8.55%
10Y*
—
ALL TIME*
12.57%

UMVP.TO

1D
-1.56%
1M
1.46%
6M
10.87%
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

UDA.TO

Caldwell U.S. Dividend Advantage Fund
CA$1.94KCA$933.66CA$5.97K

UMVP.TO

Hamilton Champions Utilities Index ETF
CA$71.84KCA$60.57KCA$51.81K

UDA.TO vs. UMVP.TO - Yearly Performance Comparison

2026 (YTD)
UDA.TO
Caldwell U.S. Dividend Advantage Fund		7.19%
UMVP.TO
Hamilton Champions Utilities Index ETF		13.29%

Correlation

The correlation between UDA.TO and UMVP.TO is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jan 21, 2026

-0.03

UDA.TO vs. UMVP.TO - Sectors Allocation Comparison

Sectors
UDA.TO
UMVP.TO

Industrials

44.2%

-

Technology

17.3%

-

Financial Services

10.6%

-

Consumer Cyclical

10.5%

-

Healthcare

5.8%

-

Basic Materials

4.4%

-

Consumer Defensive

4.4%

-

Real Estate

2.8%

-

Communication Services

-

22.8%

Energy

-

33.6%

Utilities

-

43.6%

Industrials

UDA.TO
44.2%
UMVP.TO

-

Technology

UDA.TO
17.3%
UMVP.TO

-

Financial Services

UDA.TO
10.6%
UMVP.TO

-

Consumer Cyclical

UDA.TO
10.5%
UMVP.TO

-

Healthcare

UDA.TO
5.8%
UMVP.TO

-

Basic Materials

UDA.TO
4.4%
UMVP.TO

-

Consumer Defensive

UDA.TO
4.4%
UMVP.TO

-

Real Estate

UDA.TO
2.8%
UMVP.TO

-

Communication Services

UDA.TO

-

UMVP.TO
22.8%

Energy

UDA.TO

-

UMVP.TO
33.6%

Utilities

UDA.TO

-

UMVP.TO
43.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Caldwell U.S. Dividend Advantage Fund

Hamilton Champions Utilities Index ETF

Often compared with UDA.TO:
UDA.TO vs. VFV.TOUDA.TO vs. PDC.TOUDA.TO vs. PDF.TOUDA.TO vs. ENBE.TOUDA.TO vs. XDUH.TOUDA.TO vs. WXM.TOUDA.TO vs. XDIV.TO
Often compared with UMVP.TO:
UMVP.TO vs. UTIL.TOUMVP.TO vs. FMAX.TOUMVP.TO vs. HBA.TOUMVP.TO vs. HYLD-U.TOUMVP.TO vs. ZUT.TOUMVP.TO vs. LMAX.TOUMVP.TO vs. HEB.TO

Return for Risk

UDA.TO vs. UMVP.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
UDA.TO
UDA.TO Risk / Return Rank: 4444
Overall Rank
UDA.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
UDA.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
UDA.TO Omega Ratio Rank: 3737
Omega Ratio Rank
UDA.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
UDA.TO Martin Ratio Rank: 5252
Martin Ratio Rank
UMVP.TO

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

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.

UDA.TO vs. UMVP.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell U.S. Dividend Advantage Fund (UDA.TO) and Hamilton Champions Utilities Index ETF (UMVP.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.

UDA.TOUMVP.TODifference
Sharpe ratioReturn per unit of total volatility
1.04

—

—

Sortino ratioReturn per unit of downside risk
1.50

—

—

Omega ratioGain probability vs. loss probability

1.19

—

—

Calmar ratioReturn relative to maximum drawdown

2.12

—

—

Martin ratioReturn relative to average drawdown

6.62

—

—

UDA.TO vs. UMVP.TO - Sharpe Ratio Comparison

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Drawdowns

UDA.TO vs. UMVP.TO - Drawdown Comparison

The maximum UDA.TO drawdown since its inception was -24.77%, which is greater than UMVP.TO's maximum drawdown of -4.86%. Use the drawdown chart below to compare losses from any high point for UDA.TO and UMVP.TO.

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Drawdown Indicators

UDA.TOUMVP.TODifference

Max Drawdown

Largest peak-to-trough decline

-24.77%

-4.86%

-19.91%

Max Drawdown (1Y)

Largest decline over 1 year

-8.61%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-24.77%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.77%

—

—

Current Drawdown

Current decline from peak

-8.61%

-2.75%

-5.86%

Average Drawdown

Average peak-to-trough decline

-6.70%

-1.11%

-5.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

—

—

Volatility

UDA.TO vs. UMVP.TO - Volatility Comparison

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Volatility by Period

UDA.TOUMVP.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.17%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.71%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

17.61%

10.02%

+7.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.08%

10.02%

+6.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.75%

10.02%

+5.73%

UDA.TO vs. UMVP.TO - Expense Ratio Comparison

UDA.TO has a 0.73% expense ratio, which is higher than UMVP.TO's 0.19% expense ratio.

Dividends

UDA.TO vs. UMVP.TO - Dividend Comparison

UDA.TO's dividend yield for the trailing twelve months is around 4.13%, more than UMVP.TO's 2.23% yield.

PositionTTM202520242023202220212020
UDA.TO
Caldwell U.S. Dividend Advantage Fund		4.13%4.57%7.06%3.33%4.17%9.14%2.50%
UMVP.TO
Hamilton Champions Utilities Index ETF		2.23%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UDA.TO and UMVP.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UMVP.TO is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UMVP.TO is cheaper with a 0.19% expense ratio, compared with 0.73% for UDA.TO.

UDA.TO is categorized as Dividend, while UMVP.TO is Utilities Equities. They also come from different issuers: Caldwell and Hamilton. Their fees differ too: 0.73% for UDA.TO and 0.19% for UMVP.TO.

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