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Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) Sharpe Ratio: 2.55

ETF · Currency in CAD · Last updated Jun 3, 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.

ETSX.TO's Sharpe Ratio of 2.55 indicates that for each unit of volatility, it generates 2.55 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 3, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

ETSX.TO Sharpe Ratio Rank

ETSX.TO Sharpe Ratio Rank: 76.877
Above Average

ETSX.TO ranks above 76.8% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

ETSX.TO Sharpe Ratio Market Positioning

The chart shows ETSX.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.88 or lower
  • Yellow zone (middle 50%): 0.88 to 2.45
  • Green zone (top 25%): 2.45 or higher
  • Top 1%: 7.77+
  • Median: 1.72 — half of all investments score higher

How it compares to other similar ETFs

The table compares Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged's Sharpe Ratio with other ETFs in the Large Cap Blend Equities category across multiple time periods, showing how ETSX.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
KNGC.TOBrompton Canadian Cash Flow Kings ETF4.64
HBF.TOHarvest US Equity Leaders Income ETF Class A (CAD Hedged)2.67
CNCL.TOGlobal X Enhanced S&P/TSX 60 Covered Call ETF2.57
ETSX.TOEvolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged2.55
TPU.TOTD U.S. Equity Index ETF2.53
CLU.NEOiShares US Fundamental Index ETF (CAD-Hedged) Common Class2.51
XUSC.TOiShares S&P 500 3% Capped Index ETF (CAD Units)2.49
HULC.TOGlobal X US Large Cap Index Corporate Class ETF2.48
QUU.TOMackenzie US Large Cap Equity Index ETF2.47
VUN.TOVanguard U.S. Total Market Index ETF2.47

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ETSX.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ETSX.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does ETSX.TO fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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