UTIL.TO vs. XETM.TO
UTIL.TO (Global X Equal Weight Canadian Utilities Index ETF) and XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) are both exchange-traded funds - UTIL.TO is a Utilities Equities fund tracking the Mirae Asset Equal Weight Canadian Utilities Index, while XETM.TO is a Materials fund tracking the S&P/TSX Energy Transition Materials Index. Both are passively managed. Over the past year, UTIL.TO returned 26.91% vs 132.04% for XETM.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
UTIL.TO vs. XETM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, UTIL.TO achieves a 17.98% return, which is significantly lower than XETM.TO's 27.20% return.
UTIL.TO
- 1D
- -0.53%
- 1M
- 5.15%
- YTD
- 17.98%
- 6M
- 15.99%
- 1Y
- 26.91%
- 3Y*
- 13.20%
- 5Y*
- —
- 10Y*
- —
XETM.TO
- 1D
- -4.12%
- 1M
- 14.61%
- YTD
- 27.20%
- 6M
- 37.88%
- 1Y
- 132.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTIL.TO vs. XETM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF | 17.98% | 19.08% | 8.82% | 4.07% |
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | 27.20% | 74.97% | 5.16% | -2.24% |
Correlation
The correlation between UTIL.TO and XETM.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023 | 0.12 |
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Return for Risk
UTIL.TO vs. XETM.TO — Risk / Return Rank
UTIL.TO
XETM.TO
UTIL.TO vs. XETM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) and iShares S&P/TSX Energy Transition Materials Index ETF (XETM.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.
| UTIL.TO | XETM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.54 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.86 | 5.29 | +0.57 |
| Martin ratioReturn relative to average drawdown | 16.26 | 18.31 | -2.06 |
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
| UTIL.TO | XETM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 3.35 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.01 | -0.40 |
Drawdowns
UTIL.TO vs. XETM.TO - Drawdown Comparison
The maximum UTIL.TO drawdown since its inception was -25.61%, smaller than the maximum XETM.TO drawdown of -33.71%. Use the drawdown chart below to compare losses from any high point for UTIL.TO and XETM.TO.
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Drawdown Indicators
| UTIL.TO | XETM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.61% | -33.71% | +8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.62% | -25.13% | +20.51% |
Max Drawdown (3Y)Largest decline over 3 years | -17.44% | — | — |
Current DrawdownCurrent decline from peak | -1.15% | -4.12% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -8.19% | +0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 7.24% | -5.57% |
Volatility
UTIL.TO vs. XETM.TO - Volatility Comparison
The current volatility for Global X Equal Weight Canadian Utilities Index ETF (UTIL.TO) is 3.44%, while iShares S&P/TSX Energy Transition Materials Index ETF (XETM.TO) has a volatility of 13.89%. This indicates that UTIL.TO experiences smaller price fluctuations and is considered to be less risky than XETM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTIL.TO | XETM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 13.89% | -10.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 31.22% | -23.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.60% | 39.67% | -30.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.55% | 35.24% | -22.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 35.24% | -22.69% |
Dividends
UTIL.TO vs. XETM.TO - Dividend Comparison
UTIL.TO's dividend yield for the trailing twelve months is around 3.39%, more than XETM.TO's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
UTIL.TO Global X Equal Weight Canadian Utilities Index ETF | 3.39% | 4.07% | 4.38% | 4.45% | 1.87% |
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | 0.52% | 0.66% | 0.69% | 0.48% | 0.00% |
Frequently Asked Questions
UTIL.TO and XETM.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTIL.TO is categorized as Utilities Equities, while XETM.TO is Materials. UTIL.TO tracks Mirae Asset Equal Weight Canadian Utilities Index, while XETM.TO tracks S&P/TSX Energy Transition Materials Index. They also come from different issuers: Global X and iShares.
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