UTES vs. ECHI.TO

Last updated Jun 14, 2026

UTES (Virtus Reaves Utilities ETF) and ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) are both exchange-traded funds - UTES is a Utilities Equities fund actively managed by Virtus Investment Partners, while ECHI.TO is a Derivative Income fund actively managed by Ninepoint. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. UTES charges 0.49%/yr vs 0.29%/yr for ECHI.TO.

Performance

UTES vs. ECHI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Reaves Utilities ETF (UTES) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UTES is traded in USD, while ECHI.TO is traded in CAD. To make them comparable, the ECHI.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, UTES achieves a 0.26% return, which is significantly lower than ECHI.TO's 12.52% return.

UTES

• 1D: 1.56%
• 1M: -0.82%
• YTD: 0.26%
• 6M: 0.49%
• 1Y: 8.95%
• 3Y*: 22.00%
• 5Y*: 15.32%
• 10Y*: 12.27%

ECHI.TO

• 1D: 0.14%
• 1M: 1.53%
• YTD: 12.52%
• 6M: 13.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UTES vs. ECHI.TO - Yearly Performance Comparison

	2026 (YTD)	2025
UTES Virtus Reaves Utilities ETF	0.26%	0.38%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	12.52%	21.82%

Correlation

The correlation between UTES and ECHI.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025	0.37

Return for Risk

UTES vs. ECHI.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UTES

UTES Risk / Return Rank: 16
UTES Sharpe Ratio Rank: 16
UTES Sortino Ratio Rank: 16
UTES Omega Ratio Rank: 15
UTES Calmar Ratio Rank: 18
UTES Martin Ratio Rank: 17

ECHI.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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 vs. ECHI.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Reaves Utilities ETF (UTES) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.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	ECHI.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.39	—	—
Sortino ratio: Return per unit of downside risk	0.67	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.60	—	—
Martin ratio: Return relative to average drawdown	1.32	—	—

Drawdowns

UTES vs. ECHI.TO - Drawdown Comparison

The maximum UTES drawdown since its inception was -35.39%, which is greater than ECHI.TO's maximum drawdown of -7.74%. Use the drawdown chart below to compare losses from any high point for UTES and ECHI.TO.

Drawdown Indicators

	UTES	ECHI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-7.74%	-27.65%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.39%	—	—
Current Drawdown Current decline from peak	-9.10%	-3.55%	-5.55%
Average Drawdown Average peak-to-trough decline	-5.53%	-1.52%	-4.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	—	—

Volatility

Volatility by Period

	UTES	ECHI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.32%	18.51%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.62%	18.51%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	18.51%	+1.66%

UTES vs. ECHI.TO - Expense Ratio Comparison

UTES has a 0.49% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.

Dividends

UTES vs. ECHI.TO - Dividend Comparison

UTES's dividend yield for the trailing twelve months is around 1.49%, less than ECHI.TO's 11.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	11.08%	5.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UTES Virtus Reaves Utilities ETF	1.49%	1.42%	1.51%	2.44%	2.13%	1.94%	2.09%	1.84%	2.09%	3.44%	3.53%	0.61%

Frequently Asked Questions

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

UTES and ECHI.TO have a correlation of 0.37, 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 or ECHI.TO?

On fees, ECHI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UTES or ECHI.TO?

ECHI.TO is cheaper with a 0.29% expense ratio, compared with 0.49% for UTES.

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

UTES is categorized as Utilities Equities, while ECHI.TO is Derivative Income. They also come from different issuers: Virtus Investment Partners and Ninepoint. Their fees differ too: 0.49% for UTES and 0.29% for ECHI.TO.