BASE.TO vs. CANY.TO
BASE.TO (Evolve Global Materials & Mining Enhanced Yield Index ETF) and CANY.TO (Evolve Canadian Equity UltraYield ETF) are both exchange-traded funds - BASE.TO is a Materials fund tracking the Solactive Materials & Mining, while CANY.TO is a Derivative Income fund actively managed by Evolve. BASE.TO is passively managed, while CANY.TO is actively managed. A 0.54 correlation means they provide meaningful diversification when combined. BASE.TO charges 0.00%/yr vs 0.40%/yr for CANY.TO.
Performance
BASE.TO vs. CANY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BASE.TO achieves a 29.75% return, which is significantly higher than CANY.TO's 10.38% return.
BASE.TO
- 1D
- -0.88%
- 1M
- 6.77%
- YTD
- 29.75%
- 6M
- 33.42%
- 1Y
- 59.98%
- 3Y*
- 18.08%
- 5Y*
- 8.92%
- 10Y*
- —
CANY.TO
- 1D
- -1.47%
- 1M
- 3.35%
- YTD
- 10.38%
- 6M
- 12.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BASE.TO vs. CANY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF | 29.75% | 13.00% |
CANY.TO Evolve Canadian Equity UltraYield ETF | 10.38% | 5.75% |
Correlation
The correlation between BASE.TO and CANY.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 19, 2025 | 0.54 |
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Return for Risk
BASE.TO vs. CANY.TO — Risk / Return Rank
BASE.TO
CANY.TO
BASE.TO vs. CANY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) and Evolve Canadian Equity UltraYield ETF (CANY.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BASE.TO | CANY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.71 | — | — |
Sortino ratioReturn per unit of downside risk | 3.38 | — | — |
Omega ratioGain probability vs. loss probability | 1.45 | — | — |
Calmar ratioReturn relative to maximum drawdown | 3.85 | — | — |
Martin ratioReturn relative to average drawdown | 16.44 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BASE.TO | CANY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.42 | -0.83 |
Drawdowns
BASE.TO vs. CANY.TO - Drawdown Comparison
The maximum BASE.TO drawdown since its inception was -33.43%, which is greater than CANY.TO's maximum drawdown of -8.34%. Use the drawdown chart below to compare losses from any high point for BASE.TO and CANY.TO.
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Drawdown Indicators
| BASE.TO | CANY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -8.34% | -25.09% |
Max Drawdown (1Y)Largest decline over 1 year | -15.68% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.43% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | -1.47% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -2.13% | -7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | — | — |
Volatility
BASE.TO vs. CANY.TO - Volatility Comparison
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Volatility by Period
| BASE.TO | CANY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.54% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.27% | 17.38% | +4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.01% | 17.38% | +5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.37% | 17.38% | +8.99% |
BASE.TO vs. CANY.TO - Expense Ratio Comparison
BASE.TO has a 0.00% expense ratio, which is lower than CANY.TO's 0.40% expense ratio.
Dividends
BASE.TO vs. CANY.TO - Dividend Comparison
BASE.TO's dividend yield for the trailing twelve months is around 7.85%, less than CANY.TO's 14.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF | 7.85% | 9.55% | 11.20% | 8.80% | 8.96% | 5.95% | 4.67% | 2.88% |
CANY.TO Evolve Canadian Equity UltraYield ETF | 14.06% | 5.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BASE.TO and CANY.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BASE.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BASE.TO is cheaper with a 0.00% expense ratio, compared with 0.40% for CANY.TO.
BASE.TO is categorized as Materials, while CANY.TO is Derivative Income. Their fees differ too: 0.00% for BASE.TO and 0.40% for CANY.TO.
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