VS
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES) and Hamilton Champions Utilities Index ETF (UMVP) 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 UMVP leans towards Utilities, Energy, and Communication Services. When evaluating costs, UTES features a management fee (MER) of 0.6%, compared to 0.19% for UMVP. 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
UMVP
| AuM | $341.37 M | $270.62 M |
| Management Fees | 0.60% | 0.19% |
| Exp. ratio | 0.84% | 0.19% |
| Tracking Difference | - | -0.11% |
Historical performance and flows
As of April 27, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | UTES | -3.92% | +4.93% | +6.80% | +15.62% | - |
UMVP | -2.21% | +6.17% | - | - | - | |
| Flows | UTES | +$34 M | +$62 M | +$83 M | +$251 M | - |
UMVP | +$4 M | +$118 M | - | - | - |
UTES vs UMVP exposure
Countries
UTES
Canada
100.17%
UMVP
Canada
83.10%
Bermuda
16.60%
Sectors
UTES
Utilities
40.77%
Energy
31.24%
Communication Services
28.15%
UMVP
Utilities
49.70%
Energy
26.50%
Communication Services
23.50%
As of April 27, 2026
Top 10 Holdings
UTES
ALTAGAS
10.83%
ENBRIDGE
10.56%
PEMBINA PIPELINE
10.35%
TC ENERGY CORP
10.33%
ROGERS COMMUNICATIONS
10.07%
EMERA
10.02%
HYDRO ONE
9.97%
FORTIS
9.95%
BCE
9.31%
TELUS
8.78%
UMVP
BROOKFIELD RENEWABLE PARTNERS
8.90%
TC ENERGY CORP
8.90%
PEMBINA PIPELINE
8.90%
ENBRIDGE
8.70%
ALTAGAS
8.50%
FORTIS
8.30%
BCE
8.20%
EMERA
8.20%
HYDRO ONE
8.10%
ROGERS COMMUNICATIONS
7.90%
Diversification
UTES
Total weight of top 10 holdings out of 10 total
100.17%
UMVP
Total weight of top 10 holdings out of 12 total
84.60%
Characteristics
Compare
UTES
UMVP
| Provider | Evolve ETFs | Hamilton ETFs |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canadian Utility Services High Dividend Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 14.92% | - |
| Meets ESG criteria | No | No |
| Inception Date | September 3, 2024 | January 20, 2026 |
Frequently asked questions about UTES and UMVP
Which ETF is larger by assets under management: UTES or UMVP?
As of April 27, 2026, UTES manages $341.37 M in assets, while UMVP manages $270.62 M. UTES is the larger fund by AUM.
How are UTES and UMVP managed?
UTES is actively managed by Evolve ETFs. It does not track an index. UMVP is passively managed by Hamilton ETFs. It tracks the Solactive Canadian Utility Services High Dividend Index - CAD benchmark.
What sectors do UTES and UMVP emphasize?
UTES is most exposed to Utilities, Energy, and Communication Services. UMVP is most exposed to Utilities, Energy, and Communication Services.
How do the fees of UTES and UMVP compare?
UTES has an expense ratio of 0.84%, while UMVP has an expense ratio of 0.19%.
What are the top holdings of UTES and UMVP?
UTES's largest holdings include ALTAGAS, ENBRIDGE, and PEMBINA PIPELINE. UMVP's top holdings include BROOKFIELD RENEWABLE PARTNERS, TC ENERGY CORP, and PEMBINA PIPELINE.
Which ETF is more diversified: UTES or UMVP?
UTES holds 10 securities, while UMVP holds 12. On holdings count, UMVP is the more diversified portfolio.
Recent articles about UTES and UMVP
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