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Evolve FANGMA Index ETF Hedged CAD (TECH.TO)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Evolve FANGMA Index ETF Hedged CAD (TECH.TO)

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

The Evolve FANGMA Index ETF provides exposure to six major technology companies—Facebook, Amazon, Netflix, Google, Microsoft, and Apple—by tracking the Solactive FANGMA Equal Weight Index, aiming to replicate the performance of these companies in the Canadian market.

ETF Info

CUSIP
300535309
Issuer
Evolve
Inception Date
May 4, 2021
Category
Technology Equities
Leveraged
1x (No leverage)
Index Tracked
Solactive FANGMA Equal Weight Index
Domicile
Canada
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart

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Evolve FANGMA Index ETF Hedged CAD

Often compared with TECH.TO:
TECH.TO vs. TEC.TOTECH.TO vs. QQC.TOTECH.TO vs. BIGYTECH.TO vs. HTAE.TOTECH.TO vs. HISU-U.TOTECH.TO vs. HISA.NEOTECH.TO vs. TECI.TOTECH.TO vs. INTY.TOTECH.TO vs. XCHP.TOTECH.TO vs. ZXLK.TOMore TECH.TO alternatives

Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in Evolve FANGMA Index ETF Hedged CAD, 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

TECH.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 FANGMA Index ETF Hedged CAD (TECH.TO) has returned -9.64% so far this year and 17.00% over the past 12 months.

Evolve FANGMA Index ETF Hedged CAD

1D
4.00%
1M
-5.31%
YTD
-9.64%
6M
-9.79%
1Y
17.00%
3Y*
27.42%
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 May 6, 2021, TECH.TO's average daily return is +0.06%, while the average monthly return is +1.26%. At this rate, your investment would double in approximately 4.6 years.

Historically, 63% of months were positive and 37% were negative. The best month was Jan 2023 with a return of +16.6%, while the worst month was Apr 2022 at -19.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, TECH.TO closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +11.7%, while the worst single day was Feb 3, 2022 at -8.0%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-0.71%-3.88%-5.31%-9.64%
20255.71%-5.44%-8.66%2.82%9.00%7.48%1.93%1.89%3.66%2.47%0.57%-3.12%18.22%
20245.10%7.19%1.76%-4.35%7.57%8.36%-3.65%2.08%3.60%0.39%5.79%1.40%40.26%
202316.55%-0.48%12.62%3.87%11.88%6.05%3.41%-0.78%-6.51%2.32%10.40%3.41%80.38%
2022-10.03%-7.83%2.83%-19.38%-3.42%-9.81%14.47%-3.50%-9.91%-1.09%5.11%-8.84%-43.52%
2021-0.30%6.63%2.94%6.59%-5.03%7.13%0.27%0.94%20.13%

Benchmark Metrics

Evolve FANGMA Index ETF Hedged CAD has an annualized alpha of -0.13%, beta of 1.36, and R² of 0.58 versus S&P 500 Index. Calculated based on daily prices since May 07, 2021.

  • This ETF captured 159.31% of S&P 500 Index gains and 148.80% of its losses — amplifying both gains and losses, but participating more in upside than downside.
Alpha
-0.13%
Beta
1.36
R²
0.58
Upside Capture
159.31%
Downside Capture
148.80%

Expense Ratio

TECH.TO has an expense ratio of 0.40%, placing it in the medium range.

Return for Risk

Risk / Return Rank

TECH.TO ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

TECH.TO Risk / Return Rank: 3939
Overall Rank
TECH.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
TECH.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
TECH.TO Omega Ratio Rank: 3939
Omega Ratio Rank
TECH.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
TECH.TO Martin Ratio Rank: 3636
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 FANGMA Index ETF Hedged CAD (TECH.TO) and compare them to a chosen benchmark (S&P 500 Index).

TECH.TOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.73

0.69

+0.04

Sortino ratio

Return per unit of downside risk

1.28

1.06

+0.22

Omega ratio

Gain probability vs. loss probability

1.16

1.17

0.00

Calmar ratio

Return relative to maximum drawdown

1.02

1.14

-0.12

Martin ratio

Return relative to average drawdown

3.34

4.22

-0.88

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 TECH.TO risk-adjusted metrics in detail

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

TECH.TO Sortino RatioTECH.TO Sharpe Ratio

Dividends

Dividend History

Evolve FANGMA Index ETF Hedged CAD provided a 0.12% dividend yield over the last twelve months, with an annual payout of CA$0.02 per share.

0.10%0.15%0.20%0.25%0.30%0.35%CA$0.00CA$0.01CA$0.01CA$0.02CA$0.02CA$0.0320212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
DividendCA$0.02CA$0.02CA$0.02CA$0.02CA$0.02CA$0.02

Dividend yield

0.12%0.12%0.14%0.20%0.35%0.17%

Monthly Dividends

The table displays the monthly dividend distributions for Evolve FANGMA Index ETF Hedged CAD. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026CA$0.00CA$0.00CA$0.00CA$0.00
2025CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.02
2024CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.02
2023CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.02
2022CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.02
2021CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.00CA$0.02

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 FANGMA Index ETF Hedged CAD. 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 FANGMA Index ETF Hedged CAD was 47.92%, occurring on Nov 3, 2022. Recovery took 297 trading sessions.

The current Evolve FANGMA Index ETF Hedged CAD drawdown is 13.06%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-47.92%Nov 22, 2021239Nov 3, 2022297Jan 11, 2024536
-24.13%Dec 17, 202477Apr 8, 202555Jun 26, 2025132
-16.59%Oct 30, 2025103Mar 27, 2026———
-13.02%Jul 11, 202419Aug 7, 202458Oct 30, 202477
-8.35%Apr 12, 202413Apr 30, 202411May 15, 202424

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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