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

ETF · Currency in CAD · Last updated Jun 4, 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%5.84BMar 2016ETSX.TO vs TPU.TO
QUU.TO
Mackenzie US Large Cap Equity Index ETF0.07%5.61BJan 2018ETSX.TO vs QUU.TO
XUU.TO
iShares Core S&P U.S. Total Market Index ETF0.07%4.55BFeb 2015ETSX.TO vs XUU.TO
XTOT.TO
iShares Core S&P Total U.S. Stock Market Index ETF0.07%—May 2025ETSX.TO vs XTOT.TO

Best Risk-Adjusted Alternatives to ETSX.TO

ETSX.TO has a PortfoliosLab risk / return rank of 75. There are 3 ETFs in the Large Cap Blend Equities category with higher risk-adjusted ranks, going as high as 97.

SymbolNameRisk / Return RankAUMInception
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
97
—May 2024ETSX.TO vs KNGC.TO
CLU.NEO
iShares US Fundamental Index ETF (CAD-Hedged) Comm...
81
—Sep 2006ETSX.TO vs CLU.NEO
CNCL.TO
Global X Enhanced S&P/TSX 60 Covered Call ETF
79
17.25MJul 2023ETSX.TO vs CNCL.TO
XUSC.TO
iShares S&P 500 3% Capped Index ETF (CAD Units)
75
—Jul 2024ETSX.TO vs XUSC.TO
HBF.TO
Harvest US Equity Leaders Income ETF Class A (CAD ...
74
665.05MJul 2014ETSX.TO vs HBF.TO

Top Performing ETSX.TO Alternatives (YTD)

ETSX.TO is at 7.49% YTD. There are 26 ETFs in the Large Cap Blend Equities category with higher YTD returns, going as high as 33.39%.

SymbolNameYTD ReturnAUMInception
XMTM.TO
iShares MSCI USA Momentum Factor Index ETF
33.39%
45.75MSep 2019ETSX.TO vs XMTM.TO
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
18.75%
—May 2024ETSX.TO vs KNGC.TO
ZDY.TO
BMO US Dividend ETF (CAD)
18.13%
865.68MMar 2013ETSX.TO vs ZDY.TO
COW.TO
iShares Global Agriculture Index ETF
15.84%
313.46MDec 2007ETSX.TO vs COW.TO
XHU.TO
iShares U.S. High Dividend Equity Index ETF
13.95%
184.48MFeb 2015ETSX.TO vs XHU.TO

Lowest Volatility Alternatives to ETSX.TO

ETSX.TO has 11.01% 1-year volatility. There are 8 ETFs in the Large Cap Blend Equities category with lower 1-year volatility, going as low as 8.75%.

SymbolNameVolatility 1YAUMInception
XMS.TO
iShares MSCI Min Vol USA Index ETF (CAD-Hedged)8.75%50.40MApr 2016ETSX.TO vs XMS.TO
XMU.TO
iShares MSCI Min Vol USA Index ETF9.20%327.62MJul 2012ETSX.TO vs XMU.TO
SMVP.TO
HAMILTON CHAMPIONS U.S. Dividend Index ETF (CAD He...10.08%—Jan 2025ETSX.TO vs SMVP.TO
CLU.NEO
iShares US Fundamental Index ETF (CAD-Hedged) Comm...10.11%—Sep 2006ETSX.TO vs CLU.NEO
VGG.TO
Vanguard U.S. Dividend Appreciation Index ETF10.23%2.46BAug 2013ETSX.TO vs VGG.TO

Lowest Drawdown Alternatives to ETSX.TO

ETSX.TO has a 1-year max drawdown of -7.72%. There are 12 ETFs in the Large Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -3.87%.

SymbolNameMax Drawdown 1YAUMInception
KNGC.TO
Brompton Canadian Cash Flow Kings ETF
-3.87%
—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
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-H...
-6.51%
225.36MAug 2012ETSX.TO vs XHD.TO
CLU.NEO
iShares US Fundamental Index ETF (CAD-Hedged) Comm...
-6.55%
—Sep 2006ETSX.TO vs CLU.NEO
TULV.TO
TD Q U.S. Low Volatility ETF
-6.56%
57.40MMay 2020ETSX.TO vs TULV.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
96
17.36%
1.08BFeb 2022ETSX.TO vs BANK.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
75
12.58%
405.53MSep 2024ETSX.TO vs UTES.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD HedgedNasdaq-100, Technology Equities
82
31.74%
166.05MJul 2023ETSX.TO vs QQQT.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
77
20.66%
135.24MOct 2025ETSX.TO vs QQQY.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
10.38%
—Sep 2025ETSX.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities—
-3.71%
—Sep 2025ETSX.TO vs BIGY.TO
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CA...Financials Equities, Derivative Income
38
5.02%
140.46MJan 2022ETSX.TO vs EBNK.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
77
35.40%
—Mar 2025ETSX.TO vs OILY.TO
TECH.TO
Evolve FANGMA Index ETF Hedged CADTechnology Equities
24
0.77%
156.54MMay 2021ETSX.TO vs TECH.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
17.44%
—Dec 2025ETSX.TO vs SIXY.TO

Often Compared With ETSX.TO

Investors most often compare ETSX.TO with FCUQ.TO, BRKY.NEO, TQCD.TO. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FCUQ.TO
Fidelity U.S. High Quality ETFLarge Cap Blend Equities
31
7.92%
2.19BJan 2019ETSX.TO vs FCUQ.TO
BRKY.NEO
Berkshire Hathaway Yield Shares Purpose ETFLarge Cap Blend Equities
3
-6.85%
51.20MDec 2022ETSX.TO vs BRKY.NEO
TQCD.TO
TD Q Canadian Dividend ETFCanada Equities
93
14.98%
3.03BNov 2019ETSX.TO vs TQCD.TO
ZDJ.TO
BMO Dow Jones Industrial Average Hedged to CAD Ind...Large Cap Blend Equities
42
5.24%
420.50MFeb 2011ETSX.TO vs ZDJ.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD HedgedNasdaq-100
66
19.79%
1.54BMay 2021ETSX.TO vs QQC-F.TO
QQQQ.TO
Mackenzie NASDAQ 100 Index ETFNasdaq-100—
21.51%
—Aug 2025ETSX.TO vs QQQQ.TO
HDIV.TO
Hamilton Enhanced Multi-Sector Covered Call ETFDerivative Income
92
16.21%
1.63BJul 2021ETSX.TO vs HDIV.TO
HULC.TO
Global X US Large Cap Index Corporate Class ETFLarge Cap Blend Equities
71
12.50%
703.33MFeb 2020ETSX.TO vs HULC.TO
VUS.TO
Vanguard U.S. Total Market Index ETF (CAD-hedged)Large Cap Blend Equities
57
9.96%
1.41BNov 2011ETSX.TO vs VUS.TO
HISA.NEO
Evolve High Interest Savings Account ETFMoney Market
86
0.60%
2.74BNov 2019ETSX.TO vs HISA.NEO
ZUQ.TO
BMO MSCI USA High Quality Index ETFLarge Cap Blend Equities
41
9.39%
1.24BNov 2014ETSX.TO vs ZUQ.TO
XUH.TO
iShares Core S&P U.S. Total Market Index ETF (CAD-...Large Cap Blend Equities
59
9.59%
509.72MFeb 2015ETSX.TO vs XUH.TO
HPYB.TO
Harvest Premium Yield Canadian Bank ETFLarge Cap Blend Equities———Jan 2026ETSX.TO vs HPYB.TO
SMAX.TO
Hamilton U.S. Equity YIELD MAXIMIZER ETFDerivative Income
94
18.79%
1.07BOct 2023ETSX.TO vs SMAX.TO
ZLU.TO
BMO Low Volatility US Equity ETF (CAD)Large Cap Blend Equities
26
9.40%
2.35BMar 2013ETSX.TO vs ZLU.TO
EASY.TO
Evolve All-in-One UltraYield ETFDerivative Income———Mar 2026ETSX.TO vs EASY.TO
XUU-U.TO
iShares Core S&P U.S. Total Market Index ETFLarge Cap Blend Equities
72
11.16%
—Oct 2019ETSX.TO vs XUU-U.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
74
22.76%
2.28BFeb 2019ETSX.TO vs ZNQ.TO
HBNK.TO
Global X Equal Weight Banks Index ETFFinancials Equities
96
18.85%
—Jul 2023ETSX.TO vs HBNK.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
13.62%
200.58MAug 2025ETSX.TO vs HHIC.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