UTES.TO vs. CINF.TO

Last updated Aug 5, 2026

UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund) and CINF.TO (CI Global Infrastructure Private Pool) are both exchange-traded funds - UTES.TO is a Utilities Equities fund tracking the Solactive Canada Utility Index, while CINF.TO is a Infrastructure Equities fund actively managed by CI. UTES.TO is passively managed, while CINF.TO is actively managed. Over the past year, UTES.TO returned 15.11% vs 19.69% for CINF.TO. Their 0.26 correlation means their historical movements had little consistent relationship. UTES.TO charges 0.84%/yr vs 0.90%/yr for CINF.TO.

Performance

UTES.TO vs. CINF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) and CI Global Infrastructure Private Pool (CINF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UTES.TO achieves a 9.53% return, which is significantly lower than CINF.TO's 16.87% return.

UTES.TO

• 1D: -0.78%
• 1M: -0.62%
• 6M: 5.91%
• YTD: 9.53%
• 1Y: 15.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.16%

CINF.TO

• 1D: 0.68%
• 1M: -0.50%
• 6M: 11.52%
• YTD: 16.87%
• 1Y: 19.69%
• 3Y*: 16.69%
• 5Y*: 12.22%
• 10Y*: —
• ALL TIME*: 12.48%

*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)
CINF.TO CI Global Infrastructure Private Pool	CA$74.01K	CA$45.26K	CA$44.26K
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund	CA$3.53M	CA$2.89M	CA$2.74M

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

	2026 (YTD)	2025	2024
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund	9.53%	18.66%	-4.15%
CINF.TO CI Global Infrastructure Private Pool	16.87%	12.54%	6.05%

Correlation

The correlation between UTES.TO and CINF.TO is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.26

Return for Risk

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

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

UTES.TO

UTES.TO Risk / Return Rank: 52
UTES.TO Sharpe Ratio Rank: 51
UTES.TO Sortino Ratio Rank: 51
UTES.TO Omega Ratio Rank: 48
UTES.TO Calmar Ratio Rank: 60
UTES.TO Martin Ratio Rank: 52

CINF.TO

CINF.TO Risk / Return Rank: 79
CINF.TO Sharpe Ratio Rank: 80
CINF.TO Sortino Ratio Rank: 76
CINF.TO Omega Ratio Rank: 79
CINF.TO Calmar Ratio Rank: 86
CINF.TO Martin Ratio Rank: 75

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.

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

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) and CI Global Infrastructure Private Pool (CINF.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.

	UTES.TO	CINF.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.40	2.04	-0.64
Sortino ratio: Return per unit of downside risk	2.01	2.78	-0.77
Omega ratio: Gain probability vs. loss probability	1.25	1.37	-0.12
Calmar ratio: Return relative to maximum drawdown	2.37	3.72	-1.35
Martin ratio: Return relative to average drawdown	6.71	10.80	-4.09

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

The current UTES.TO Sharpe Ratio is 1.40, which is lower than the CINF.TO Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of UTES.TO and CINF.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

UTES.TO vs. CINF.TO - Drawdown Comparison

The maximum UTES.TO drawdown since its inception was -10.19%, smaller than the maximum CINF.TO drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for UTES.TO and CINF.TO.

Drawdown Indicators

	UTES.TO	CINF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-10.19%	-12.27%	+2.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-5.31%	-1.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.27%	—
Current Drawdown Current decline from peak	-5.27%	-1.76%	-3.51%
Average Drawdown Average peak-to-trough decline	-2.56%	-2.04%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.83%	+0.43%

Volatility

UTES.TO vs. CINF.TO - Volatility Comparison

Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) has a higher volatility of 4.83% compared to CI Global Infrastructure Private Pool (CINF.TO) at 2.49%. This indicates that UTES.TO's price experiences larger fluctuations and is considered to be riskier than CINF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTES.TO	CINF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	2.49%	+2.34%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	7.87%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	10.83%	9.71%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.46%	11.99%	-0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.46%	12.06%	-0.60%

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

UTES.TO has a 0.84% expense ratio, which is lower than CINF.TO's 0.90% expense ratio.

Dividends

UTES.TO vs. CINF.TO - Dividend Comparison

UTES.TO's dividend yield for the trailing twelve months is around 18.50%, more than CINF.TO's 2.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CINF.TO CI Global Infrastructure Private Pool	2.43%	2.80%	3.06%	3.45%	3.51%	3.56%	2.27%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund	18.50%	18.30%	6.05%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

UTES.TO and CINF.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

UTES.TO is cheaper with a 0.84% expense ratio, compared with 0.90% for CINF.TO.

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

UTES.TO is categorized as Utilities Equities, while CINF.TO is Infrastructure Equities. They also come from different issuers: Evolve and CI. Their fees differ too: 0.84% for UTES.TO and 0.90% for CINF.TO.