UTES.TO vs. HUTL.TO
UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund) and HUTL.TO (Harvest Equal Weight Global Utilities Income ETF) are both Utilities Equities funds. UTES.TO is passively managed, while HUTL.TO is actively managed. Over the past year, UTES.TO returned 15.11% vs 13.07% for HUTL.TO. Their 0.52 correlation means they have sometimes moved together and sometimes differently. UTES.TO charges 0.84%/yr vs 0.67%/yr for HUTL.TO.
Performance
UTES.TO vs. HUTL.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with UTES.TO having a 9.53% return and HUTL.TO slightly higher at 9.80%.
UTES.TO
- 1D
- -0.78%
- 1M
- -0.62%
- 6M
- 5.91%
- YTD
- 9.53%
- 1Y
- 15.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.16%
HUTL.TO
- 1D
- -0.10%
- 1M
- -0.52%
- 6M
- 4.29%
- YTD
- 9.80%
- 1Y
- 13.07%
- 3Y*
- 15.09%
- 5Y*
- 8.17%
- 10Y*
- —
- ALL TIME*
- 7.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$1.01M | CA$1.14M | CA$1.22M | |
| CA$3.53M | CA$2.89M | CA$2.74M |
UTES.TO vs. HUTL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund | 9.53% | 18.66% | -4.15% |
HUTL.TO Harvest Equal Weight Global Utilities Income ETF | 9.80% | 15.59% | 1.20% |
Correlation
The correlation between UTES.TO and HUTL.TO is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.52 |
The correlation between UTES.TO and HUTL.TO has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.
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Return for Risk
UTES.TO vs. HUTL.TO — Risk / Return Rank
UTES.TO
HUTL.TO
UTES.TO vs. HUTL.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 Harvest Equal Weight Global Utilities Income ETF (HUTL.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 | HUTL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.89 | -0.52 |
| Martin ratioReturn relative to average drawdown | 6.71 | 7.27 | -0.55 |
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Drawdowns
UTES.TO vs. HUTL.TO - Drawdown Comparison
The maximum UTES.TO drawdown since its inception was -10.19%, smaller than the maximum HUTL.TO drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for UTES.TO and HUTL.TO.
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Drawdown Indicators
| UTES.TO | HUTL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -34.00% | +23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.39% | -4.54% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.71% | — |
Current DrawdownCurrent decline from peak | -5.27% | -3.45% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -6.56% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.80% | +0.46% |
Volatility
UTES.TO vs. HUTL.TO - Volatility Comparison
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES.TO) has a higher volatility of 4.83% compared to Harvest Equal Weight Global Utilities Income ETF (HUTL.TO) at 3.99%. This indicates that UTES.TO's price experiences larger fluctuations and is considered to be riskier than HUTL.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 | HUTL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 3.99% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 9.33% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 10.77% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.46% | 13.05% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.46% | 15.19% | -3.73% |
UTES.TO vs. HUTL.TO - Expense Ratio Comparison
UTES.TO has a 0.84% expense ratio, which is higher than HUTL.TO's 0.67% expense ratio.
Dividends
UTES.TO vs. HUTL.TO - Dividend Comparison
UTES.TO's dividend yield for the trailing twelve months is around 18.50%, more than HUTL.TO's 7.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HUTL.TO Harvest Equal Weight Global Utilities Income ETF | 7.88% | 7.94% | 8.30% | 8.56% | 8.13% | 7.16% | 7.73% | 6.76% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund | 18.50% | 18.30% | 6.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UTES.TO and HUTL.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HUTL.TO is cheaper at 0.67% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HUTL.TO is cheaper with a 0.67% expense ratio, compared with 0.84% for UTES.TO.
They also come from different issuers: Evolve and Harvest. Their fees differ too: 0.84% for UTES.TO and 0.67% for HUTL.TO.
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