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Evolve NASDAQ Technology Enhanced Yield Index Fund...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO)

ETF · Currency in CAD · Last updated Apr 1, 2026

The Fund seeks to provide enhanced yield by investing in technology companies within the Nasdaq 100 Index and employing an active covered call strategy on up to 50% of the portfolio to generate additional income and hedge long stock positions.

ETF Info

ISIN
CA30053Y3068
CUSIP
30053Y306
Issuer
Evolve
Inception Date
Oct 6, 2025
Category
Derivative Income
Leveraged
1x (No leverage)
Index Tracked
NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index
Domicile
Canada
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart

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Evolve NASDAQ Technology Enhanced Yield Index Fund

Often compared with QQQY.TO:
QQQY.TO vs. QQCL.TOQQQY.TO vs. HDIV.TOQQQY.TO vs. HHIS.TOQQQY.TO vs. TXF.TOQQQY.TO vs. QQQMQQQY.TO vs. HTAE.TOQQQY.TO vs. QQC.TOQQQY.TO vs. HYLD.TOQQQY.TO vs. QDAY.NEOQQQY.TO vs. HHIC.TOMore QQQY.TO alternatives

Performance

Performance Chart

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

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S&P 500 Index

Different Benchmark Currency

QQQY.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.

Returns By Period

Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) has returned -9.65% so far this year and 27.27% over the past 12 months.

Evolve NASDAQ Technology Enhanced Yield Index Fund

1D
3.10%
1M
-6.15%
YTD
-9.65%
6M
-5.13%
1Y
27.27%
3Y*
—
5Y*
—
10Y*
—

Benchmark (S&P 500 Index)

1D
2.80%
1M
-3.22%
YTD
-3.34%
6M
-2.48%
1Y
12.46%
3Y*
17.80%
5Y*
12.48%
10Y*
12.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Oct 4, 2023, QQQY.TO's average daily return is +117.84%, while the average monthly return is +2,374.95%. At this rate, your investment would double in approximately 0.0 years.

Historically, 77% of months were positive and 23% were negative. The best month was Oct 2023 with a return of +71,057.0%, while the worst month was Mar 2025 at -9.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 2 months.

On a daily basis, QQQY.TO closed higher 59% of trading days. The best single day was Oct 10, 2023 with a return of +73,584.2%, while the worst single day was Apr 3, 2025 at -6.8%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.32%-4.03%-6.15%-9.65%
20254.55%-4.92%-8.97%1.19%8.14%9.54%3.82%1.23%6.50%6.07%-0.58%-0.44%27.46%
20244.49%19.12%13.42%-1.04%18.24%19.50%3.09%1.63%18.25%11.12%7.71%5.06%207.55%
202371,057.02%32.57%22.09%115,066.66%

Benchmark Metrics

Evolve NASDAQ Technology Enhanced Yield Index Fund has an annualized alpha of 231727701192323060537884582208462790377492529859821778114580326600812765072394838605824.00%, beta of 56.52, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since October 05, 2023.

  • This ETF captured 452.13% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -812332.51%) — a profile typical of hedging or uncorrelated assets.
  • R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
Alpha
231,727,701,192,323,060,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.00%
Beta
56.52
R²
0.00
Upside Capture
452.13%
Downside Capture
-812,332.51%

Expense Ratio

QQQY.TO has an expense ratio of 0.74%, placing it in the medium range.

Return for Risk

Risk / Return Rank

QQQY.TO ranks 63 for risk / return — better than 63% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

QQQY.TO Risk / Return Rank: 6363
Overall Rank
QQQY.TO Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
QQQY.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
QQQY.TO Omega Ratio Rank: 6262
Omega Ratio Rank
QQQY.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
QQQY.TO Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and compare them to a chosen benchmark (S&P 500 Index).

QQQY.TOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.04

0.69

+0.35

Sortino ratio

Return per unit of downside risk

1.63

1.06

+0.58

Omega ratio

Gain probability vs. loss probability

1.24

1.17

+0.07

Calmar ratio

Return relative to maximum drawdown

1.81

1.14

+0.67

Martin ratio

Return relative to average drawdown

6.67

4.22

+2.46

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Explore QQQY.TO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

QQQY.TO Sortino RatioQQQY.TO Sharpe Ratio

Dividends

Dividend History

Evolve NASDAQ Technology Enhanced Yield Index Fund provided a 14.52% dividend yield over the last twelve months, with an annual payout of CA$3.52 per share.

20.00%40.00%60.00%80.00%100.00%CA$0.00CA$5.00CA$10.00CA$15.00CA$20.00CA$25.00202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
DividendCA$3.52CA$4.45CA$24.76CA$6.42

Dividend yield

14.52%16.21%96.39%27.84%

Monthly Dividends

The table displays the monthly dividend distributions for Evolve NASDAQ Technology Enhanced Yield Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026CA$0.32CA$0.32CA$0.00CA$0.64
2025CA$0.93CA$0.32CA$0.32CA$0.32CA$0.32CA$0.32CA$0.32CA$0.32CA$0.32CA$0.32CA$0.32CA$0.32CA$4.45
2024CA$0.21CA$2.76CA$2.72CA$1.11CA$2.90CA$2.72CA$2.29CA$0.32CA$3.78CA$3.21CA$1.45CA$1.29CA$24.76
2023CA$0.21CA$3.21CA$3.00CA$6.42

Drawdowns

Drawdowns Chart

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Evolve NASDAQ Technology Enhanced Yield Index Fund. 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 NASDAQ Technology Enhanced Yield Index Fund was 26.27%, occurring on Apr 8, 2025. Recovery took 57 trading sessions.

The current Evolve NASDAQ Technology Enhanced Yield Index Fund drawdown is 12.27%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-26.27%Feb 20, 202534Apr 8, 202557Jun 30, 202591
-16.84%Jul 11, 202419Aug 7, 202418Sep 3, 202437
-14.91%Dec 11, 202574Mar 30, 2026———
-9.28%Oct 30, 202516Nov 20, 202514Dec 10, 202530
-8.38%Oct 13, 202310Oct 26, 20234Nov 1, 202314

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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