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Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) ETF Analysis

UTES.TO

Expense ratio 0.85% Yield 21.36% Assets CA$434.57M Since September 3, 2024 Family Evolve Funds Group Inc

Last Updated: October 21, 2026

CA$8.08

+CA$0.04 (+0.44%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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UTES.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+1.52%	+1.52%	CA$101.52	CA$304.57
Since September 4, 2024	+16.10%	+7.27%	CA$116.10	CA$348.31

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

UTES.TO Return by Calendar Year

2024 and 2026 are partial years

−4.25%+18.66%+2.19%

2024*20252026*

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Year	Return
2026 (partial year)	+2.19%
2025	+18.66%
2024 (partial year)	−4.25%

UTES.TO Monthly Returns

−9%+8%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+2.6	+7.4	+0.8	−1.0	+1.9	−0.9	−0.6	−2.8	−8.5	+4.1	—	—
2025	+1.4	+2.6	+3.1	+0.4	−0.2	+0.4	+4.2	+3.5	+2.8	−1.4	+2.7	−2.0
2024	—	—	—	—	—	—	—	—	—	−1.0	+1.0	−5.5

Monthly total returns with dividends reinvested; each cell prints its signed value.

UTES.TO Volatility & Risk

Volatility: 2 yrs

Annualized volatility: 12.11%
Best year: +18.66%
Worst year: +18.66%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	RCI-B.TO	Rogers Communications Inc Shs -B- Non-Voting	13.28%
2	BCE.TO	BCE Inc	13.02%
3	KEY.TO	Keyera Corp	12.83%
4	PPL.TO	Pembina Pipeline Corp	12.57%
5	FTS.TO	Fortis Inc	12.07%
6	T.TO	TELUS Corp	12.03%
7	ENB.TO	Enbridge Inc	12.03%
8	TRP.TO	TC Energy Corp	11.93%
9	EMA.TO	Emera Inc	11.81%

Analysis

Data-derived

Fund Overview

Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) is an exchange-traded fund. Evolve Funds Group Inc is the fund family on file. It has been trading since September 3, 2024. Total net assets stand at CA$434.57M. Annual costs run at an expense ratio of 0.85%. On a CA$10,000 position that is CA$85.00 a year.

Its biggest positions are Rogers Communications Inc Shs -B- Non-Voting (RCI-B.TO), BCE Inc (BCE.TO), and Keyera Corp (KEY.TO). Rogers Communications Inc Shs -B- Non-Voting alone accounts for 13.28% of the portfolio.

Performance Analysis

UTES.TO last closed at CA$8.08 on October 21, 2026. The trailing one-year total return is +1.52%. The stored price history starts on September 4, 2024, and the total return since then is +16.10%. The trailing distribution yield is 21.36%.

The record holds one complete calendar year, 2025, which returned +18.66%. So far in 2026 the total return is +2.19%.

Price & Risk Profile

Annualized volatility over the trailing 2 years is 12.11%. Over the past 52 weeks the price has ranged from CA$7.67 to CA$9.94. The latest close sits 5.35% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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