Evolve Canadian Utilities Enhanced Yield Index Fund (UTES)

Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.41)
- $9.41 P/E (TTM): 51.57X Cap: $123M
- View UTES Profile
- View Questions on UTES

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BMO Canadian Dividend ETF (ZDV $24.97)
- $24.97 P/E (TTM): 27.97X Cap: $1.23B
- View ZDV Profile
- View Questions on ZDV
BMO Equal Weight Utilities Index ETF (ZUT $24.33)
- $24.33 P/E (TTM): 40.82X Cap: $717M
- View ZUT Profile
- View Questions on ZUT
iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $33.22)
- $33.22 P/E (TTM): 3.15X Cap: $2.67B
- View XDIV Profile
- View Questions on XDIV
Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $14.99)
- $14.99 P/E (TTM): 12.67X Cap: $1.50B
- View HMAX Profile
- View Questions on HMAX
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.59)
- $13.59 P/E (TTM): 65.72X Cap: $810M
- View UMAX Profile
- View Questions on UMAX
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.41)
- $9.41 P/E (TTM): 51.57X Cap: $123M
- View UTES Profile
- View Questions on UTES

Q: Hi,

I’m a real estate investor and I love monthly distributions—HMAX and UMAX felt a lot like collecting rent. However, after realizing a significant portion of their payouts is ROC, I’m exploring alternatives that offer high dividends, low ROC, DRIP eligibility, and potential capital appreciation.

My horizon is 20+ years. Could you suggest 2–3 ETF ideas in Financials and Utilities that fit this profile in the Canadian market ideally or global.

Thanks,

Read Answer Asked by Richard on August 25, 2025

QRAFT AI-Enhanced U.S. High Dividend ETF (HDIV)
- View HDIV Profile
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Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $14.99)
- $14.99 P/E (TTM): 12.67X Cap: $1.50B
- View HMAX Profile
- View Questions on HMAX
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.59)
- $13.59 P/E (TTM): 65.72X Cap: $810M
- View UMAX Profile
- View Questions on UMAX
Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF (ENCL $18.43)
- $18.43 P/E (TTM): 43.08X Cap: $227M
- View ENCL Profile
- View Questions on ENCL
Hamilton Technology YIELD MAXIMIZER TM ETF (QMAX $21.85)
- $21.85 P/E (TTM): 109.26X Cap: $656M
- View QMAX Profile
- View Questions on QMAX
Hamilton U.S. Equity YIELD MAXIMIZER TM ETF (SMAX $19.26)
- $19.26 P/E (TTM): 98.31X Cap: $818M
- View SMAX Profile
- View Questions on SMAX
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.41)
- $9.41 P/E (TTM): 51.57X Cap: $123M
- View UTES Profile
- View Questions on UTES

Q: As a retired mainly income investor am I okay to keep holding these ETFs in the current market?

Read Answer Asked by George on April 07, 2025

Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.41)
- $9.41 P/E (TTM): 51.57X Cap: $123M
- View UTES Profile
- View Questions on UTES

Q: Hello, what is your opinion of UTES? I understand it is fairly new, maybecnot now, but later this year, could it be something to consider for a higher level of income? Thanks

Read Answer Asked by Martin on March 20, 2025