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

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

Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) belongs to the Nasdaq-100 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QQQY.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to QQQY.TO

QQQY.TO charges 0.74% annually. There are 14 ETFs in the Nasdaq-100 category with lower expense ratios, going as low as 0.15%.

SymbolNameExpense RatioAUMInception
QQQX.TO
Global X Nasdaq-100 Index ETF0.15%—May 2024QQQY.TO vs QQQX.TO
QQC-F.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.20%1.54BMay 2021QQQY.TO vs QQC-F.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged0.20%1.96BMay 2021QQQY.TO vs QQC.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF0.21%—Nov 2021QQQY.TO vs QQCE.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD Hedged0.25%166.05MJul 2023QQQY.TO vs QQQT.TO

Best Risk-Adjusted Alternatives to QQQY.TO

QQQY.TO has a PortfoliosLab risk / return rank of 79. There are 5 ETFs in the Nasdaq-100 category with higher risk-adjusted ranks, going as high as 84.

SymbolNameRisk / Return RankAUMInception
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD Hedged
84
166.05MJul 2023QQQY.TO vs QQQT.TO
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF
83
—May 2024QQQY.TO vs QQQL.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF
82
713.85MSep 2011QQQY.TO vs QQCC.TO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF
82
59.49MNov 2025QQQY.TO vs QQCI.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF
81
364.56MOct 2023QQQY.TO vs QQCL.TO

Top Performing QQQY.TO Alternatives (YTD)

QQQY.TO is at 20.83% YTD. There are 11 ETFs in the Nasdaq-100 category with higher YTD returns, going as high as 62.71%.

SymbolNameYTD ReturnAUMInception
TQQQ.TO
BetaPro 3x Nasdaq-100 Daily Leveraged Bull Alterna...
62.71%
—Jun 2025QQQY.TO vs TQQQ.TO
QQU.TO
BetaPro NASDAQ-100 2x Daily Bull ETF
41.30%
514.12MJun 2008QQQY.TO vs QQU.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD Hedged
31.89%
166.05MJul 2023QQQY.TO vs QQQT.TO
QQQL.TO
Global X Enhanced Nasdaq-100 Index ETF
27.90%
—May 2024QQQY.TO vs QQQL.TO
QQCE.TO
Invesco ESG NASDAQ 100 Index ETF
23.11%
—Nov 2021QQQY.TO vs QQCE.TO

Lowest Volatility Alternatives to QQQY.TO

QQQY.TO has 18.75% 1-year volatility. There are 15 ETFs in the Nasdaq-100 category with lower 1-year volatility, going as low as 12.58%.

SymbolNameVolatility 1YAUMInception
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF12.58%136.22MSep 2024QQQY.TO vs JEPQ.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF12.76%713.85MSep 2011QQQY.TO vs QQCC.TO
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF12.98%59.49MNov 2025QQQY.TO vs QQCI.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged15.34%1.96BMay 2021QQQY.TO vs QQC.TO
XQQU.TO
iShares NASDAQ 100 Index ETF15.61%—Sep 2023QQQY.TO vs XQQU.TO

Lowest Drawdown Alternatives to QQQY.TO

QQQY.TO has a 1-year max drawdown of -14.91%. There are 14 ETFs in the Nasdaq-100 category with shallower 1-year drawdowns, going as shallow as -7.62%.

SymbolNameMax Drawdown 1YAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF
-7.62%
59.49MNov 2025QQQY.TO vs QQCI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF
-7.74%
136.22MSep 2024QQQY.TO vs JEPQ.TO
QQCC.TO
Global X NASDAQ-100 Covered Call ETF
-8.15%
713.85MSep 2011QQQY.TO vs QQCC.TO
QQCL.TO
Global X Enhanced NASDAQ-100 Covered Call ETF
-10.68%
364.56MOct 2023QQQY.TO vs QQCL.TO
QQC.TO
Invesco NASDAQ 100 Index ETF CAD Hedged
-12.14%
1.96BMay 2021QQQY.TO vs QQC.TO

Other ETFs from Evolve

The 10 most viewed Evolve ETFs shown here include BANK.TO, UTES.TO, CANY.TO and span 7 categories. AUM among these funds goes as high as $3B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...Derivative Income
96
17.91%
1.08BFeb 2022QQQY.TO vs BANK.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
76
12.88%
405.53MSep 2024QQQY.TO vs UTES.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
12.03%
—Sep 2025QQQY.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFLarge Cap Blend Equities—
-1.47%
—Sep 2025QQQY.TO vs BIGY.TO
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CA...Financials Equities, Derivative Income
40
6.68%
140.46MJan 2022QQQY.TO vs EBNK.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
77
33.91%
—Mar 2025QQQY.TO vs OILY.TO
TECH.TO
Evolve FANGMA Index ETF Hedged CADTechnology Equities
26
2.13%
156.54MMay 2021QQQY.TO vs TECH.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
17.65%
—Dec 2025QQQY.TO vs SIXY.TO
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD UnhedgedLarge Cap Blend Equities
77
7.88%
204.58MJan 2023QQQY.TO vs ETSX.TO
HISA.NEO
Evolve High Interest Savings Account ETFMoney Market
95
0.60%
2.74BNov 2019QQQY.TO vs HISA.NEO

Often Compared With QQQY.TO

Investors most often compare QQQY.TO with HHIS.TO, HTAE.TO, HDIV.TO. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
36
10.70%
1.82BJan 2025QQQY.TO vs HHIS.TO
HTAE.TO
Harvest Tech Achievers Enhanced Income ETF - Class...Technology Equities
71
33.98%
110.66MOct 2022QQQY.TO vs HTAE.TO
HDIV.TO
Hamilton Enhanced Multi-Sector Covered Call ETFDerivative Income
93
16.52%
1.63BJul 2021QQQY.TO vs HDIV.TO
TXF.TO
CI Tech Giants Covered Call CommonTechnology Equities, Derivative Income
86
31.66%
854.47MOct 2011QQQY.TO vs TXF.TO
QDAY.NEO
Hamilton EnhancedTechnology DayMAX™ ETFDerivative Income—
31.54%
—Jul 2025QQQY.TO vs QDAY.NEO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
77
15.62%
1.29BFeb 2022QQQY.TO vs HYLD.TO
QQQM
Invesco NASDAQ 100 ETFNasdaq-100
77
21.64%
96.91BOct 2020QQQY.TO vs QQQM
ZWT.TO
BMO Covered Call Technology ETFTechnology Equities, Derivative Income
70
20.43%
—Jan 2021QQQY.TO vs ZWT.TO
HHIC.TO
Harvest Canadian High Income Shares ETFCanada Equities, Derivative Income—
14.57%
200.58MAug 2025QQQY.TO vs HHIC.TO
ZNQ.TO
BMO NASDAQ 100 Equity Index ETFNasdaq-100
76
22.46%
2.28BFeb 2019QQQY.TO vs ZNQ.TO
TSLY.TO
Harvest Tesla Enhanced High Income Shares ETFDerivative Income
23
-4.28%
278.60MJan 2025QQQY.TO vs TSLY.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
59
13.26%
97.17MOct 2022QQQY.TO vs HUTE.TO
QMAX.TO
Hamilton Technology YIELD MAXIMIZER ETFTechnology Equities, Derivative Income
53
21.28%
973.00MOct 2023QQQY.TO vs QMAX.TO
JEPQ
JPMorgan Nasdaq Equity Premium Income ETFNasdaq-100, Derivative Income
77
9.65%
39.63BMay 2022QQQY.TO vs JEPQ
QQQ
Invesco QQQ ETFNasdaq-100
77
21.62%
493.99BMar 1999QQQY.TO vs QQQ
PAYG.TO
Brompton Global Equity HighPay ETFGlobal Equity Income, Derivative Income———Mar 2026QQQY.TO vs PAYG.TO
INTY.TO
Evolve International Equity UltraYield ETFDerivative Income———Jan 2026QQQY.TO vs INTY.TO
LBIT.TO
Evolve Levered Bitcoin ETFLeveraged Cryptocurrency, Cryptocurrency
2
-29.86%
—Mar 2025QQQY.TO vs LBIT.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...Oil & Gas, Derivative Income
86
36.00%
286.32MOct 2023QQQY.TO vs ENCL.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
78
11.66%
249.48MJul 2023QQQY.TO vs USCL.TO

Compare QQQY.TO with Any Fund or Stock

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

 

Diversifiers

Pair QQQY.TO with funds that move differently

Evolve NASDAQ Technology Enhanced Yield Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QQQY.TO.

Explore QQQY.TO Diversifiers