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

ETF · Currency in CAD · Last updated Jun 24, 2026

The Evolve S&P/TSX 60 Enhanced Yield Fund is an exchange-traded fund that seeks to provide exposure to the S&P/TSX 60 Index by employing an index-based strategy with an active covered call strategy, aiming to enhance yield while managing risk.

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) belongs to the Large Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ETSX.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ETSX.TO

ETSX.TO charges 0.45% annually. There are 28 ETFs in the Large Cap Blend Equities category with lower expense ratios, going as low as 0.05%.

SymbolNameExpense RatioAUMInception
ZEQL.TO
BMO MSCI USA Equal Weight Index ETF (CAD Units)0.05%—Feb 2026ETSX.TO vs ZEQL.TO
TPU.TO
TD U.S. Equity Index ETF0.06%5.97BMar 2016ETSX.TO vs TPU.TO
XTOT.TO
iShares Core S&P Total U.S. Stock Market Index ETF0.07%—May 2025ETSX.TO vs XTOT.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETF0.07%6.24BJan 2018ETSX.TO vs QUU.TO
XUU.TO
iShares Core S&P U.S. Total Market Index ETF0.07%4.65BFeb 2015ETSX.TO vs XUU.TO

Best Risk-Adjusted Alternatives to ETSX.TO

ETSX.TO has a PortfoliosLab risk / return rank of 81. There are 2 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 95.

SymbolNameRisk / Return RankAUMInception
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
95
—May 2024ETSX.TO vs KNGC.TO
CNCL.TO
Global X Enhanced S&P/TSX 60 Covered Call ETF
84
18.10MJul 2023ETSX.TO vs CNCL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
79
—Jul 2024ETSX.TO vs XUSC.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETF
73
6.24BJan 2018ETSX.TO vs QUU.TO
HULC.TO
Global X US Large Cap Index Corporate Class ETF
72
742.71MFeb 2020ETSX.TO vs HULC.TO

Top Performing ETSX.TO Alternatives (YTD)

ETSX.TO is at 8.85% YTD. There are 20 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 36.31%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
36.31%
40.47MSep 2019ETSX.TO vs XMTM.TO
ZDY.TO
BMO US Dividend ETF (CAD)
18.94%
901.36MMar 2013ETSX.TO vs ZDY.TO
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
15.18%
—May 2024ETSX.TO vs KNGC.TO
FLUS.TO
Franklin U.S. Large Cap Multifactor Index ETF
14.55%
140.28MMay 2017ETSX.TO vs FLUS.TO
COW.TO
iShares Global Agriculture Index ETF
13.43%
280.03MDec 2007ETSX.TO vs COW.TO

Lowest Volatility Alternatives to ETSX.TO

ETSX.TO has 11.28% 1-year volatility. There are 7 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 10.15%.

SymbolNameVolatility 1YAUMInception
XMU.TO
iShares MSCI Min Vol USA Index ETF10.15%332.47MJul 2012ETSX.TO vs XMU.TO
XMS.TO
iShares MSCI Min Vol USA Index ETF (CAD-Hedged)10.15%53.17MApr 2016ETSX.TO vs XMS.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...10.16%—Jan 2025ETSX.TO vs SMVP.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF10.26%2.46BAug 2013ETSX.TO vs VGG.TO
ZLU.TO
BMO Low Volatility US Equity ETF (CAD)10.59%2.41BMar 2013ETSX.TO vs ZLU.TO

Lowest Drawdown Alternatives to ETSX.TO

ETSX.TO has a 1-year max drawdown of -7.72%. There are 7 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -4.01%.

SymbolNameMax Drawdown 1YAUMInception
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
-4.01%
—May 2024ETSX.TO vs KNGC.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...
-6.44%
—Jan 2025ETSX.TO vs SMVP.TO
TULV.TO
TD Q U.S. Low Volatility ETF
-6.56%
53.59MMay 2020ETSX.TO vs TULV.TO
RUD.TO
RBC Quant U.S. Dividend Leaders ETF (CAD)
-6.65%
961.23MJan 2014ETSX.TO vs RUD.TO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF
-7.07%
2.46BAug 2013ETSX.TO vs VGG.TO

Other ETFs from Evolve

The 10 most viewed Evolve ETFs shown here include BANK.TO, UTES.TO, QQQT.TO and span 7 categories. AUM among these funds goes as high as $1B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...Derivative Income
97
27.46%
1.16BFeb 2022ETSX.TO vs BANK.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
86
14.78%
412.15MSep 2024ETSX.TO vs UTES.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD HedgedNasdaq-100, Technology Equities
69
24.22%
171.18MJul 2023ETSX.TO vs QQQT.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
61
14.40%
133.42MOct 2025ETSX.TO vs QQQY.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
12.78%
—Sep 2025ETSX.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities—
-12.81%
—Sep 2025ETSX.TO vs BIGY.TO
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CA...Financials Equities, Derivative Income
58
11.40%
146.10MJan 2022ETSX.TO vs EBNK.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
62
26.92%
—Mar 2025ETSX.TO vs OILY.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
28.03%
—Dec 2025ETSX.TO vs SIXY.TO
TECH.TO
Evolve FANGMA Index ETF Hedged CADTechnology Equities
12
-7.11%
150.16MMay 2021ETSX.TO vs TECH.TO

Often Compared With ETSX.TO

Investors most often compare ETSX.TO with FCUQ.TO, BRKY.NEO, ZDJ.TO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FCUQ.TO
Fidelity U.S. High Quality ETFLarge Cap Blend Equities
30
7.52%
2.40BJan 2019ETSX.TO vs FCUQ.TO
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETFLarge Cap Blend Equities
8
-2.85%
53.40MDec 2022ETSX.TO vs BRKY.NEO
ZDJ.TO
BMO Dow Jones Industrial Average Hedged to CAD Ind...Large Cap Blend Equities
50
7.44%
439.29MFeb 2011ETSX.TO vs ZDJ.TO
TQCD.TO
TD Q Canadian Dividend ETFCanada Equities
93
15.59%
3.17BNov 2019ETSX.TO vs TQCD.TO
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-H...Large Cap Blend Equities, Dividend
16
12.57%
220.53MAug 2012ETSX.TO vs XHD.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
54
15.03%
1.54BMay 2021ETSX.TO vs QQC-F.TO
XHU.TO
iShares U.S. High Dividend Equity Index ETFLarge Cap Blend Equities, Dividend
18
9.85%
187.12MFeb 2015ETSX.TO vs XHU.TO
HDIV.TO
Hamilton Enhanced Canadian Covered Call ETFDerivative Income
93
18.72%
1.70BJul 2021ETSX.TO vs HDIV.TO
QQQQ.TO
Mackenzie NASDAQ 100 Index ETFNasdaq-100—
20.59%
—Aug 2025ETSX.TO vs QQQQ.TO
HISA.NEO
Evolve High Interest Savings Account ETFMoney Market
99
0.96%
2.68BNov 2019ETSX.TO vs HISA.NEO
VUS.TO
Vanguard U.S. Total Market Index ETF (CAD-hedged)Large Cap Blend Equities
49
7.73%
1.41BNov 2011ETSX.TO vs VUS.TO
HPYB.TO
Harvest Premium Yield Canadian Bank ETFLarge Cap Blend Equities———Jan 2026ETSX.TO vs HPYB.TO
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-...Large Cap Blend Equities
51
6.98%
512.13MFeb 2015ETSX.TO vs XUH.TO
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
47
10.78%
1.30BNov 2014ETSX.TO vs ZUQ.TO
EASY.TO
Evolve All-in-One UltraYield ETFDerivative Income———Mar 2026ETSX.TO vs EASY.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
88
16.38%
1.09BOct 2023ETSX.TO vs SMAX.TO
XUU-U.TO
iShares Core S&P U.S. Total Market Index ETFLarge Cap Blend Equities
62
8.79%
—Oct 2019ETSX.TO vs XUU-U.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
12.82%
203.19MAug 2025ETSX.TO vs HHIC.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
67
20.44%
2.39BFeb 2019ETSX.TO vs ZNQ.TO
HBNK.TO
Global X Equal Weight Banks Index ETFFinancials Equities, Equal Weight
97
30.68%
—Jul 2023ETSX.TO vs HBNK.TO

Compare ETSX.TO with Any Fund or Stock

Compare ETSX.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair ETSX.TO with funds that move differently

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ETSX.TO.

Explore ETSX.TO Diversifiers