UMVP.TO vs. HUTE.TO

Last updated Jun 4, 2026

UMVP.TO (Hamilton Champions Utilities Index ETF) and HUTE.TO (Harvest Equal Weight Global Utilities Enhanced Income ETF) are both exchange-traded funds - UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index, while HUTE.TO is a Derivative Income fund actively managed by Harvest. UMVP.TO is passively managed, while HUTE.TO is actively managed. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

UMVP.TO vs. HUTE.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 Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UMVP.TO

• 1D: -0.17%
• 1M: 4.40%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HUTE.TO

• 1D: -0.84%
• 1M: -0.22%
• YTD: 12.31%
• 6M: 12.80%
• 1Y: 19.37%
• 3Y*: 16.23%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)
UMVP.TO Hamilton Champions Utilities Index ETF	14.69%
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF	10.10%

Correlation

The correlation between UMVP.TO and HUTE.TO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.56

Return for Risk

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

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

HUTE.TO

HUTE.TO Risk / Return Rank: 58
HUTE.TO Sharpe Ratio Rank: 49
HUTE.TO Sortino Ratio Rank: 50
HUTE.TO Omega Ratio Rank: 49
HUTE.TO Calmar Ratio Rank: 81
HUTE.TO Martin Ratio Rank: 62

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. HUTE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hamilton Champions Utilities Index ETF (UMVP.TO) and Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.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

	UMVP.TO	HUTE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.03	1.10	+3.93

Drawdowns

UMVP.TO vs. HUTE.TO - Drawdown Comparison

The maximum UMVP.TO drawdown since its inception was -4.57%, smaller than the maximum HUTE.TO drawdown of -18.36%. Use the drawdown chart below to compare losses from any high point for UMVP.TO and HUTE.TO.

Drawdown Indicators

	UMVP.TO	HUTE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-4.57%	-18.36%	+13.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.25%	—
Current Drawdown Current decline from peak	-0.96%	-4.53%	+3.57%
Average Drawdown Average peak-to-trough decline	-0.81%	-3.86%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.75%	—

Volatility

Volatility by Period

	UMVP.TO	HUTE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.11%	11.44%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.11%	14.34%	-5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.11%	14.34%	-5.23%

Dividends

UMVP.TO vs. HUTE.TO - Dividend Comparison

UMVP.TO's dividend yield for the trailing twelve months is around 1.44%, less than HUTE.TO's 9.22% yield.

Position	TTM	2025	2024	2023	2022
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF	9.22%	9.64%	10.24%	10.70%	1.61%
UMVP.TO Hamilton Champions Utilities Index ETF	1.44%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

UMVP.TO and HUTE.TO have a correlation of 0.56, 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 HUTE.TO?

UMVP.TO is categorized as Utilities Equities, while HUTE.TO is Derivative Income. They also come from different issuers: Hamilton and Harvest.