UTES.TO vs. HYLD-U.TO
Compare and contrast key facts about Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) and Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO).
UTES.TO and HYLD-U.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTES.TO is an actively managed fund by Evolve. It was launched on Sep 3, 2024. HYLD-U.TO is an actively managed fund by Hamilton. It was launched on Feb 4, 2022.
Performance
UTES.TO vs. HYLD-U.TO - Performance Comparison
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UTES.TO vs. HYLD-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 10.78% | 18.66% | -4.25% |
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD) | -4.55% | 14.33% | 13.50% |
Different Trading Currencies
UTES.TO is traded in CAD, while HYLD-U.TO is traded in USD. To make them comparable, the HYLD-U.TO values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UTES.TO achieves a 10.78% return, which is significantly higher than HYLD-U.TO's -4.55% return.
UTES.TO
- 1D
- -0.31%
- 1M
- 0.27%
- YTD
- 10.78%
- 6M
- 10.24%
- 1Y
- 22.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYLD-U.TO
- 1D
- 1.19%
- 1M
- -2.80%
- YTD
- -4.55%
- 6M
- -3.27%
- 1Y
- 16.98%
- 3Y*
- 16.54%
- 5Y*
- —
- 10Y*
- —
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UTES.TO vs. HYLD-U.TO - Expense Ratio Comparison
Return for Risk
UTES.TO vs. HYLD-U.TO — Risk / Return Rank
UTES.TO
HYLD-U.TO
UTES.TO vs. HYLD-U.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 Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.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 | HYLD-U.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.13 | 0.77 | +1.35 |
Sortino ratioReturn per unit of downside risk | 2.80 | 1.20 | +1.60 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.72 | 1.15 | +1.57 |
Martin ratioReturn relative to average drawdown | 11.31 | 3.85 | +7.46 |
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 | HYLD-U.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 0.77 | +1.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.51 | +0.93 |
Correlation
The correlation between UTES.TO and HYLD-U.TO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
UTES.TO vs. HYLD-U.TO - Dividend Comparison
UTES.TO's dividend yield for the trailing twelve months is around 17.25%, more than HYLD-U.TO's 8.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.25% | 18.30% | 6.05% | 0.00% | 0.00% |
HYLD-U.TO Hamilton Enhanced U.S. Covered Call ETF (USD) | 8.98% | 8.06% | 8.49% | 8.82% | 9.99% |
Drawdowns
UTES.TO vs. HYLD-U.TO - Drawdown Comparison
The maximum UTES.TO drawdown since its inception was -10.19%, smaller than the maximum HYLD-U.TO drawdown of -24.30%. Use the drawdown chart below to compare losses from any high point for UTES.TO and HYLD-U.TO.
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Drawdown Indicators
| UTES.TO | HYLD-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.19% | -31.64% | +21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -13.99% | +5.70% |
Current DrawdownCurrent decline from peak | -1.25% | -7.74% | +6.49% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -10.10% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 3.44% | -1.45% |
Volatility
UTES.TO vs. HYLD-U.TO - Volatility Comparison
The current volatility for Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) is 2.81%, while Hamilton Enhanced U.S. Covered Call ETF (USD) (HYLD-U.TO) has a volatility of 6.93%. This indicates that UTES.TO experiences smaller price fluctuations and is considered to be less risky than HYLD-U.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 | HYLD-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 6.93% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 6.67% | 12.09% | -5.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.82% | 22.09% | -11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.99% | 18.04% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.99% | 18.04% | -7.05% |