PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
UTES.TO vs. XEG.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

UTES.TO vs. XEG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO).

UTES.TO and XEG.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. XEG.TO is a passively managed fund by iShares that tracks the performance of the S&P/TSX Capped Energy Index. It was launched on Mar 19, 2001.

Performance

UTES.TO vs. XEG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) and iShares S&P/TSX Capped Energy Index ETF (XEG.TO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

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

2026 (YTD)20252024
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fund ETF		9.57%18.66%-4.25%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		41.93%16.72%0.32%

Returns By Period

In the year-to-date period, UTES.TO achieves a 9.57% return, which is significantly lower than XEG.TO's 41.93% return.

UTES.TO

1D
-2.03%
1M
-0.62%
YTD
9.57%
6M
8.75%
1Y
21.21%
3Y*
—
5Y*
—
10Y*
—

XEG.TO

1D
-0.62%
1M
15.54%
YTD
41.93%
6M
49.98%
1Y
59.58%
3Y*
26.94%
5Y*
32.83%
10Y*
13.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Evolve Canadian Utilities Enhanced Yield Index Fund ETF

iShares S&P/TSX Capped Energy Index ETF

Often compared with UTES.TO:
UTES.TO vs. ENCL.TOUTES.TO vs. XUT.TOUTES.TO vs. UMAX.TOUTES.TO vs. ZWU.TOUTES.TO vs. BANK.TOUTES.TO vs. UTIL.LUTES.TO vs. BMAX.TO
Often compared with XEG.TO:
XEG.TO vs. XLEXEG.TO vs. XEQT.TOXEG.TO vs. CNQ.TOXEG.TO vs. XDIV.TOXEG.TO vs. XCG.TOXEG.TO vs. HXE.TOXEG.TO vs. XSP.TO

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

UTES.TO has a 0.60% expense ratio, which is lower than XEG.TO's 0.61% expense ratio.

XEG.TO
iShares S&P/TSX Capped Energy Index ETF
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fund ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UTES.TO
UTES.TO Risk / Return Rank: 8989
Overall Rank
UTES.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
UTES.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
UTES.TO Omega Ratio Rank: 8989
Omega Ratio Rank
UTES.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
UTES.TO Martin Ratio Rank: 8888
Martin Ratio Rank
XEG.TO
XEG.TO Risk / Return Rank: 9292
Overall Rank
XEG.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
XEG.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
XEG.TO Omega Ratio Rank: 9393
Omega Ratio Rank
XEG.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
XEG.TO Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UTES.TO vs. XEG.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 iShares S&P/TSX Capped Energy Index ETF (XEG.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.TOXEG.TODifference

Sharpe ratio

Return per unit of total volatility

1.94

2.31

-0.37

Sortino ratio

Return per unit of downside risk

2.54

2.76

-0.22

Omega ratio

Gain probability vs. loss probability

1.36

1.42

-0.05

Calmar ratio

Return relative to maximum drawdown

2.59

2.98

-0.39

Martin ratio

Return relative to average drawdown

10.83

10.68

+0.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current UTES.TO Sharpe Ratio is 1.94, which is comparable to the XEG.TO Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of UTES.TO and XEG.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

UTES.TOXEG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.94

2.31

-0.37

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.16

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.39

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.36

0.28

+1.08

Correlation

The correlation between UTES.TO and XEG.TO is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UTES.TO vs. XEG.TO - Dividend Comparison

UTES.TO's dividend yield for the trailing twelve months is around 15.76%, more than XEG.TO's 2.70% yield.

TTM20252024202320222021202020192018201720162015
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fund ETF		15.76%18.30%6.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XEG.TO
iShares S&P/TSX Capped Energy Index ETF		2.70%3.63%3.46%4.26%3.31%1.64%2.96%2.70%2.25%1.41%1.40%3.58%

Drawdowns

UTES.TO vs. XEG.TO - Drawdown Comparison

The maximum UTES.TO drawdown since its inception was -10.19%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for UTES.TO and XEG.TO.

Loading graphics...

Drawdown Indicators

UTES.TOXEG.TODifference

Max Drawdown

Largest peak-to-trough decline

-10.19%

-87.74%

+77.55%

Max Drawdown (1Y)

Largest decline over 1 year

-8.29%

-20.69%

+12.40%

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-79.66%

—

Current Drawdown

Current decline from peak

-2.33%

-1.13%

-1.20%

Average Drawdown

Average peak-to-trough decline

-2.64%

-29.36%

+26.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

5.78%

-3.77%

Volatility

UTES.TO vs. XEG.TO - Volatility Comparison

The current volatility for Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) is 3.44%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 5.36%. This indicates that UTES.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

UTES.TOXEG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.44%

5.36%

-1.92%

Volatility (6M)

Calculated over the trailing 6-month period

6.98%

14.71%

-7.73%

Volatility (1Y)

Calculated over the trailing 1-year period

11.00%

25.99%

-14.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.12%

28.48%

-17.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.12%

33.30%

-22.18%