YCST.NEO vs. UTES.TO
YCST.NEO (Costco (COST) Yield Shares Purpose ETF) and UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YCST.NEO returned -7.85% vs 23.90% for UTES.TO. At a 0.21 correlation, their price movements are largely independent. YCST.NEO charges 0.40%/yr vs 0.60%/yr for UTES.TO.
Performance
YCST.NEO vs. UTES.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with YCST.NEO having a 12.72% return and UTES.TO slightly lower at 12.58%.
YCST.NEO
- 1D
- 0.77%
- 1M
- -5.63%
- YTD
- 12.72%
- 6M
- 5.30%
- 1Y
- -7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UTES.TO
- 1D
- -0.26%
- 1M
- 2.26%
- YTD
- 12.58%
- 6M
- 12.56%
- 1Y
- 23.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YCST.NEO vs. UTES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 12.72% | -16.43% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 12.58% | 17.68% |
Correlation
The correlation between YCST.NEO and UTES.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.21 |
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Return for Risk
YCST.NEO vs. UTES.TO — Risk / Return Rank
YCST.NEO
UTES.TO
YCST.NEO vs. UTES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Costco (COST) Yield Shares Purpose ETF (YCST.NEO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.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.
| YCST.NEO | UTES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -4.19 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.46 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 3.75 | -4.16 |
| Martin ratioReturn relative to average drawdown | -0.81 | 11.90 | -12.70 |
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
| YCST.NEO | UTES.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | 2.59 | -2.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 1.38 | -1.57 |
Drawdowns
YCST.NEO vs. UTES.TO - Drawdown Comparison
The maximum YCST.NEO drawdown since its inception was -19.70%, which is greater than UTES.TO's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for YCST.NEO and UTES.TO.
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Drawdown Indicators
| YCST.NEO | UTES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -10.19% | -9.51% |
Max Drawdown (1Y)Largest decline over 1 year | -19.54% | -6.39% | -13.15% |
Current DrawdownCurrent decline from peak | -12.62% | -1.86% | -10.76% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -2.62% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.91% | 2.03% | +7.88% |
Volatility
YCST.NEO vs. UTES.TO - Volatility Comparison
Costco (COST) Yield Shares Purpose ETF (YCST.NEO) has a higher volatility of 10.33% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 2.96%. This indicates that YCST.NEO's price experiences larger fluctuations and is considered to be riskier than UTES.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YCST.NEO | UTES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.33% | 2.96% | +7.37% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 7.51% | +9.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.54% | 9.28% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.22% | 11.01% | +14.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 11.01% | +14.21% |
YCST.NEO vs. UTES.TO - Expense Ratio Comparison
YCST.NEO has a 0.40% expense ratio, which is lower than UTES.TO's 0.60% expense ratio.
Dividends
YCST.NEO vs. UTES.TO - Dividend Comparison
YCST.NEO's dividend yield for the trailing twelve months is around 14.01%, less than UTES.TO's 17.48% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.48% | 18.30% | 6.05% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 14.01% | 10.21% | 0.00% |
Frequently Asked Questions
YCST.NEO and UTES.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YCST.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YCST.NEO is cheaper with a 0.40% expense ratio, compared with 0.60% for UTES.TO.
They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 0.40% for YCST.NEO and 0.60% for UTES.TO.
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