Evolve Canadian Utilities Enhanced Yield Index Fund (UTES)

Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.45)
- $9.45 P/E (TTM): 18.38X Cap: $163M
- View UTES Profile
- View Questions on UTES

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BMO Equal Weight Utilities Index ETF (ZUT $24.47)
- $24.47 P/E (TTM): 17.76X Cap: $804M
- View ZUT Profile
- View Questions on ZUT
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.49)
- $13.49 Cap: $907M
- View UMAX Profile
- View Questions on UMAX
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.45)
- $9.45 P/E (TTM): 18.38X Cap: $163M
- View UTES Profile
- View Questions on UTES

Q: UMAX = covered call, UTES= covered call + 1,25% leverage. In a downtrend, UTES would probably go down around 25% more than umax (ex -10% vs -12,5%...) and ZUT.Since the markets are presently high +the economics, do you believe that there could be a significant probability of a downtrend in 2025 and in such case ,would it be safer to sell UTES for ZUT now (or another stock), in order to reduce the risk ?

Read Answer Asked by Jean-Yves on September 03, 2025

BMO Canadian Dividend ETF (ZDV $25.59)
- $25.59 Cap: $1.27B
- View ZDV Profile
- View Questions on ZDV
BMO Equal Weight Utilities Index ETF (ZUT $24.47)
- $24.47 P/E (TTM): 17.76X Cap: $804M
- View ZUT Profile
- View Questions on ZUT
iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $34.08)
- $34.08 P/E (TTM): 10.27X Cap: $2.97B
- View XDIV Profile
- View Questions on XDIV
Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.45)
- $15.45 P/E (TTM): 9.31X Cap: $1.65B
- View HMAX Profile
- View Questions on HMAX
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.49)
- $13.49 Cap: $907M
- View UMAX Profile
- View Questions on UMAX
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.45)
- $9.45 P/E (TTM): 18.38X Cap: $163M
- 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
- View Questions on HDIV
Hamilton Canadian Financials YIELD MAXIMIZER TM ETF (HMAX $15.45)
- $15.45 P/E (TTM): 9.31X Cap: $1.65B
- View HMAX Profile
- View Questions on HMAX
Hamilton Utilities YIELD MAXIMIZER TM ETF (UMAX $13.49)
- $13.49 Cap: $907M
- View UMAX Profile
- View Questions on UMAX
Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF (ENCL $18.81)
- $18.81 P/E (TTM): 6.67X Cap: $235M
- View ENCL Profile
- View Questions on ENCL
Hamilton Technology YIELD MAXIMIZER TM ETF (QMAX $23.16)
- $23.16 P/E (TTM): 36.13X Cap: $665M
- View QMAX Profile
- View Questions on QMAX
Hamilton U.S. Equity YIELD MAXIMIZER TM ETF (SMAX $20.28)
- $20.28 P/E (TTM): 32.28X Cap: $811M
- View SMAX Profile
- View Questions on SMAX
Evolve Canadian Utilities Enhanced Yield Index Fund (UTES $9.45)
- $9.45 P/E (TTM): 18.38X Cap: $163M
- 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