UTES.TO vs. AVGY.TO
UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) and AVGY.TO (Harvest Broadcom Enhanced High Income Shares ETF - Class A Units) are both Derivative Income funds. Both are actively managed. Over the past year, UTES.TO returned 23.90% vs 107.90% for AVGY.TO. At a correlation of -0.18, they often move in opposite directions. UTES.TO charges 0.60%/yr vs 0.40%/yr for AVGY.TO.
Performance
UTES.TO vs. AVGY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, UTES.TO achieves a 12.58% return, which is significantly lower than AVGY.TO's 42.92% return.
UTES.TO
- 1D
- -0.26%
- 1M
- 2.26%
- YTD
- 12.58%
- 6M
- 12.56%
- 1Y
- 23.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGY.TO
- 1D
- -0.45%
- 1M
- 19.17%
- YTD
- 42.92%
- 6M
- 27.21%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTES.TO vs. AVGY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 12.58% | 13.04% |
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 42.92% | 83.42% |
Correlation
The correlation between UTES.TO and AVGY.TO is -0.19, 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 Mar 6, 2025 | -0.18 |
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Return for Risk
UTES.TO vs. AVGY.TO — Risk / Return Rank
UTES.TO
AVGY.TO
UTES.TO vs. AVGY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) and Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.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.
| UTES.TO | AVGY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 3.81 | -0.05 |
| Martin ratioReturn relative to average drawdown | 11.90 | 8.81 | +3.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UTES.TO | AVGY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 2.39 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.38 | 2.30 | -0.91 |
Drawdowns
UTES.TO vs. AVGY.TO - Drawdown Comparison
The maximum UTES.TO drawdown since its inception was -10.19%, smaller than the maximum AVGY.TO drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for UTES.TO and AVGY.TO.
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Drawdown Indicators
| UTES.TO | AVGY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -28.78% | +18.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -28.50% | +22.11% |
Current DrawdownCurrent decline from peak | -1.86% | -0.45% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -8.43% | +5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 12.29% | -10.26% |
Volatility
UTES.TO vs. AVGY.TO - Volatility Comparison
The current volatility for Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) is 2.96%, while Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) has a volatility of 13.20%. This indicates that UTES.TO experiences smaller price fluctuations and is considered to be less risky than AVGY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTES.TO | AVGY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 13.20% | -10.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 33.23% | -25.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 45.46% | -36.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 51.13% | -40.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.01% | 51.13% | -40.12% |
UTES.TO vs. AVGY.TO - Expense Ratio Comparison
UTES.TO has a 0.60% expense ratio, which is higher than AVGY.TO's 0.40% expense ratio.
Dividends
UTES.TO vs. AVGY.TO - Dividend Comparison
UTES.TO's dividend yield for the trailing twelve months is around 17.48%, less than AVGY.TO's 19.08% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 19.08% | 14.82% | 0.00% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.48% | 18.30% | 6.05% |
Frequently Asked Questions
UTES.TO and AVGY.TO have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVGY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVGY.TO is cheaper with a 0.40% expense ratio, compared with 0.60% for UTES.TO.
They also come from different issuers: Evolve and Harvest. Their fees differ too: 0.60% for UTES.TO and 0.40% for AVGY.TO.
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