UTES.TO vs. HHIS.TO
UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) and HHIS.TO (Harvest Diversified High Income Shares ETF) are both Derivative Income funds. Both are actively managed. Over the past year, UTES.TO returned 23.90% vs 31.98% for HHIS.TO. At a correlation of -0.19, they often move in opposite directions. UTES.TO charges 0.60%/yr vs 0.00%/yr for HHIS.TO.
Performance
UTES.TO vs. HHIS.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 higher than HHIS.TO's 9.32% return.
UTES.TO
- 1D
- -0.26%
- 1M
- 2.26%
- YTD
- 12.58%
- 6M
- 12.56%
- 1Y
- 23.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HHIS.TO
- 1D
- -1.25%
- 1M
- 7.52%
- YTD
- 9.32%
- 6M
- 4.61%
- 1Y
- 31.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTES.TO vs. HHIS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 12.58% | 18.99% |
HHIS.TO Harvest Diversified High Income Shares ETF | 9.32% | 24.40% |
Correlation
The correlation between UTES.TO and HHIS.TO is -0.29, 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 | -0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | -0.19 |
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Return for Risk
UTES.TO vs. HHIS.TO — Risk / Return Rank
UTES.TO
HHIS.TO
UTES.TO vs. HHIS.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 Diversified High Income Shares ETF (HHIS.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 | HHIS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.24 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 1.31 | +2.44 |
| Martin ratioReturn relative to average drawdown | 11.90 | 3.27 | +8.62 |
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 | HHIS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | 1.38 | +1.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.38 | 0.74 | +0.64 |
Drawdowns
UTES.TO vs. HHIS.TO - Drawdown Comparison
The maximum UTES.TO drawdown since its inception was -10.19%, smaller than the maximum HHIS.TO drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for UTES.TO and HHIS.TO.
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Drawdown Indicators
| UTES.TO | HHIS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -31.83% | +21.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -24.43% | +18.04% |
Current DrawdownCurrent decline from peak | -1.86% | -2.95% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -8.70% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 9.79% | -7.76% |
Volatility
UTES.TO vs. HHIS.TO - Volatility Comparison
The current volatility for Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) is 2.96%, while Harvest Diversified High Income Shares ETF (HHIS.TO) has a volatility of 5.51%. This indicates that UTES.TO experiences smaller price fluctuations and is considered to be less risky than HHIS.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 | HHIS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 5.51% | -2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 16.97% | -9.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.28% | 23.36% | -14.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 33.78% | -22.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.01% | 33.78% | -22.77% |
UTES.TO vs. HHIS.TO - Expense Ratio Comparison
UTES.TO has a 0.60% expense ratio, which is higher than HHIS.TO's 0.00% expense ratio.
Dividends
UTES.TO vs. HHIS.TO - Dividend Comparison
UTES.TO's dividend yield for the trailing twelve months is around 17.48%, less than HHIS.TO's 26.63% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 26.63% | 22.88% | 0.00% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.48% | 18.30% | 6.05% |
Frequently Asked Questions
UTES.TO and HHIS.TO have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HHIS.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HHIS.TO is cheaper with a 0.00% 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 0.00% for HHIS.TO.
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