UMVP.TO vs. HFG.TO

Last updated Jul 18, 2026

UMVP.TO (Hamilton Champions Utilities Index ETF) and HFG.TO (Hamilton Global Financials ETF) are both exchange-traded funds - UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index, while HFG.TO is a Financials Equities fund actively managed by Hamilton. UMVP.TO is passively managed, while HFG.TO is actively managed. At a correlation of -0.16, they often move in opposite directions.

Performance

UMVP.TO vs. HFG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Hamilton Champions Utilities Index ETF (UMVP.TO) and Hamilton Global Financials ETF (HFG.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UMVP.TO

• 1D: -0.39%
• 1M: -0.23%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HFG.TO

• 1D: -0.79%
• 1M: 4.91%
• 6M: 6.75%
• YTD: 7.82%
• 1Y: 17.90%
• 3Y*: 24.59%
• 5Y*: 15.45%
• 10Y*: —

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

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

	2026 (YTD)
UMVP.TO Hamilton Champions Utilities Index ETF	14.58%
HFG.TO Hamilton Global Financials ETF	8.72%

Correlation

The correlation between UMVP.TO and HFG.TO is -0.16, 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 (All Time) Calculated using the full available price history since Jan 21, 2026	-0.16

Return for Risk

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

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

UMVP.TO

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

HFG.TO

HFG.TO Risk / Return Rank: 50
HFG.TO Sharpe Ratio Rank: 53
HFG.TO Sortino Ratio Rank: 55
HFG.TO Omega Ratio Rank: 58
HFG.TO Calmar Ratio Rank: 42
HFG.TO Martin Ratio Rank: 43

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.

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

This table presents a comparison of risk-adjusted performance metrics for Hamilton Champions Utilities Index ETF (UMVP.TO) and Hamilton Global Financials ETF (HFG.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.

	UMVP.TO	HFG.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.38	—
Sortino ratio: Return per unit of downside risk	—	2.03	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	1.64	—
Martin ratio: Return relative to average drawdown	—	5.19	—

Drawdowns

UMVP.TO vs. HFG.TO - Drawdown Comparison

The maximum UMVP.TO drawdown since its inception was -4.86%, smaller than the maximum HFG.TO drawdown of -42.71%. Use the drawdown chart below to compare losses from any high point for UMVP.TO and HFG.TO.

Drawdown Indicators

	UMVP.TO	HFG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-4.86%	-42.71%	+37.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.95%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.20%	—
Current Drawdown Current decline from peak	-1.64%	-0.79%	-0.85%
Average Drawdown Average peak-to-trough decline	-1.08%	-5.37%	+4.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.46%	—

Volatility

Volatility by Period

	UMVP.TO	HFG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.79%	13.05%	-3.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.79%	16.04%	-6.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.79%	20.25%	-10.46%

Dividends

UMVP.TO vs. HFG.TO - Dividend Comparison

UMVP.TO's dividend yield for the trailing twelve months is around 1.82%, less than HFG.TO's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HFG.TO Hamilton Global Financials ETF	2.40%	2.55%	3.05%	3.86%	10.09%	4.16%	1.85%
UMVP.TO Hamilton Champions Utilities Index ETF	1.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UMVP.TO and HFG.TO in my portfolio?

UMVP.TO and HFG.TO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between UMVP.TO and HFG.TO?

UMVP.TO is categorized as Utilities Equities, while HFG.TO is Financials Equities.