XUT.TO vs. EMA.TO
XUT.TO (iShares S&P/TSX Capped Utilities Index ETF) is Utilities Equities fund tracking the S&P/TSX Capped Utilities Index, while EMA.TO (Emera Incorporated) is a stock. Over the past 10 years, XUT.TO returned 8.49%/yr vs 9.27%/yr for EMA.TO. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
XUT.TO vs. EMA.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XUT.TO achieves a 17.46% return, which is significantly higher than EMA.TO's 12.30% return. Over the past 10 years, XUT.TO has underperformed EMA.TO with an annualized return of 8.49%, while EMA.TO has yielded a comparatively higher 9.27% annualized return.
XUT.TO
- 1D
- -0.75%
- 1M
- -0.08%
- 6M
- 13.95%
- YTD
- 17.46%
- 1Y
- 20.07%
- 3Y*
- 15.18%
- 5Y*
- 6.39%
- 10Y*
- 8.49%
- ALL TIME*
- 7.97%
EMA.TO
- 1D
- -1.67%
- 1M
- -1.32%
- 6M
- 10.53%
- YTD
- 12.30%
- 1Y
- 19.05%
- 3Y*
- 18.88%
- 5Y*
- 10.02%
- 10Y*
- 9.27%
- ALL TIME*
- 11.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EMA.TO Emera Incorporated | CA$96.66M | CA$84.67M | CA$84.45M |
| CA$10.74M | CA$10.10M | CA$10.64M |
XUT.TO vs. EMA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUT.TO iShares S&P/TSX Capped Utilities Index ETF | 17.46% | 14.74% | 13.09% | -0.45% | -11.02% | 8.92% | 14.74% | 36.63% | -8.30% | 10.16% |
EMA.TO Emera Incorporated | 12.30% | 31.95% | 13.27% | 2.50% | -14.32% | 22.33% | 1.29% | 33.72% | -1.80% | 8.29% |
Correlation
The correlation between XUT.TO and EMA.TO is 0.62, 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. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2011 | 0.67 |
The correlation between XUT.TO and EMA.TO has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XUT.TO vs. EMA.TO — Risk / Return Rank
XUT.TO
EMA.TO
XUT.TO vs. EMA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) and Emera Incorporated (EMA.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.
| XUT.TO | EMA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.24 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 3.40 | -0.76 |
| Martin ratioReturn relative to average drawdown | 7.41 | 8.45 | -1.05 |
Loading charts...
Drawdowns
XUT.TO vs. EMA.TO - Drawdown Comparison
The maximum XUT.TO drawdown since its inception was -37.65%, which is greater than EMA.TO's maximum drawdown of -29.73%. Use the drawdown chart below to compare losses from any high point for XUT.TO and EMA.TO.
Loading charts...
Drawdown Indicators
| XUT.TO | EMA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -29.73% | -7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -5.63% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -14.97% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | -26.95% | -1.59% |
Max Drawdown (10Y)Largest decline over 10 years | -37.65% | -29.73% | -7.92% |
Current DrawdownCurrent decline from peak | -3.33% | -4.05% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -5.82% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.72% | 2.26% | +0.46% |
Volatility
XUT.TO vs. EMA.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Capped Utilities Index ETF (XUT.TO) is 3.01%, while Emera Incorporated (EMA.TO) has a volatility of 4.36%. This indicates that XUT.TO experiences smaller price fluctuations and is considered to be less risky than EMA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XUT.TO | EMA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 4.36% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.19% | 10.66% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.22% | 13.86% | -4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.84% | 15.95% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.17% | 17.46% | -1.29% |
Dividends
XUT.TO vs. EMA.TO - Dividend Comparison
XUT.TO's dividend yield for the trailing twelve months is around 3.13%, less than EMA.TO's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMA.TO Emera Incorporated | 3.98% | 4.30% | 5.36% | 5.54% | 5.18% | 4.07% | 4.58% | 4.26% | 5.22% | 4.54% | 4.40% | 3.85% |
XUT.TO iShares S&P/TSX Capped Utilities Index ETF | 3.13% | 3.91% | 4.00% | 3.90% | 3.80% | 3.04% | 4.51% | 3.57% | 4.52% | 3.57% | 3.74% | 4.05% |
Frequently Asked Questions
XUT.TO and EMA.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for XUT.TO and EMA.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer