VS
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES) and Global X Equal Weight Canadian Telecommunications Index ETF (RING) offer distinct profiles for Canadian ETF investors. A direct comparison shows that UTES focuses its top 3 sector exposures on Utilities, Energy, and Communication Services, while RING leans towards Communication Services. When evaluating costs, UTES features a management fee (MER) of 0.6%, compared to 0.25% for RING. Performance-wise, UTES has returned 13.57% year-to-date with +$109 M in net flows, whereas RING is at 1.6% with +$19 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
UTES
RING
| AuM | $379.28 M | $589.23 M |
| Management Fees | 0.60% | 0.25% |
| Exp. ratio | 0.84% | 0.19% |
| Tracking Difference | - | -0.24% |
Historical performance and flows
As of June 9, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UTES | +3.06% | +2.94% | +13.57% | +25.67% | - |
RING | +2.70% | -3.63% | +1.60% | +14.89% | - | |
| Flows | UTES | +$21 M | +$72 M | +$109 M | +$261 M | - |
RING | -$28 M | +$146 M | +$19 M | +$485 M | - |
UTES vs RING exposure
Countries
UTES
Canada
100.40%
RING
Canada
99.96%
Sectors
UTES
Utilities
42.59%
Energy
30.89%
Communication Services
26.92%
RING
Communication Services
99.96%
As of June 9, 2026
Top 10 Holdings
UTES
ALTAGAS
11.67%
HYDRO ONE
10.42%
ENBRIDGE
10.37%
TC ENERGY CORP
10.36%
EMERA
10.32%
FORTIS
10.19%
PEMBINA PIPELINE
10.16%
ROGERS COMMUNICATIONS
9.70%
BCE
8.80%
TELUS
8.42%
RING
ROGERS COMMUNICATIONS
34.71%
BCE
33.53%
TELUS
31.72%
Diversification
UTES
Total weight of top 10 holdings out of 10 total
100.40%
RING
Total weight of top 10 holdings out of 3 total
99.96%
Characteristics
Compare
UTES
RING
| Provider | Evolve ETFs | Global X |
| Management | Actively managed | Passively managed |
| Benchmark | - | Mirae Asset Equal Weight Canadian Telecommunications GTR Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 15.89% | 5.65% |
| Meets ESG criteria | No | No |
| Inception Date | September 3, 2024 | November 7, 2024 |
Frequently asked questions about UTES and RING
Which ETF has performed better year to date: UTES or RING?
As of June 9, 2026, UTES has returned 13.57% year to date, while RING has returned 1.60%. UTES is ahead on YTD performance.
Which ETF is larger by assets under management: UTES or RING?
As of June 9, 2026, UTES manages $379.28 M in assets, while RING manages $589.23 M. RING is the larger fund by AUM.
How are UTES and RING managed?
UTES is actively managed by Evolve ETFs. It does not track an index. RING is passively managed by Global X. It tracks the Mirae Asset Equal Weight Canadian Telecommunications GTR Index - CAD benchmark.
What sectors do UTES and RING emphasize?
UTES is most exposed to Utilities, Energy, and Communication Services. RING is most exposed to Communication Services.
Which ETF is attracting more investor flows: UTES or RING?
Year to date, UTES has seen +$109.37 M in net flows, compared with +$19.18 M for RING. UTES has attracted more net investor money so far.
How do the fees of UTES and RING compare?
UTES has an expense ratio of 0.84%, while RING has an expense ratio of 0.19%.
What are the top holdings of UTES and RING?
UTES's largest holdings include ALTAGAS, HYDRO ONE, and ENBRIDGE. RING's top holdings include ROGERS COMMUNICATIONS, BCE, and TELUS.
Which ETF is more diversified: UTES or RING?
UTES holds 10 securities, while RING holds 3. On holdings count, UTES is the more diversified portfolio.
Recent articles about UTES and RING
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