Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) has returned 0.82% so far this year and 27.15% over the past 12 months.

Based on dividend-adjusted daily data since Jan 11, 2023, ETSX.TO's average daily return is +0.06%, while the average monthly return is +1.25%. At this rate, your investment would double in approximately 4.6 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +6.3%, while the worst month was May 2023 at -5.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ETSX.TO closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +5.5%, while the worst single day was Apr 4, 2025 at -4.2%.

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged has an annualized alpha of 6.41%, beta of 0.46, and R² of 0.31 versus S&P 500 Index. Calculated based on daily prices since January 12, 2023.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (59.91%) than losses (30.32%) — typical of diversified or defensive assets.
• Beta of 0.46 may look defensive, but with R² of 0.31 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.31 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

ETSX.TO has an expense ratio of 0.45%, placing it in the medium range.

ETSX.TO ranks 89 for risk / return — in the top 89% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and compare them to a chosen benchmark (S&P 500 Index).

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged provided a 8.77% dividend yield over the last twelve months, with an annual payout of CA$2.07 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged was 12.23%, occurring on Apr 8, 2025. Recovery took 26 trading sessions.

The current Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged drawdown is 4.81%.

The chart below shows the rolling one-month volatility.