CANY.TO vs. ^GSPC
Compare and contrast key facts about Evolve Canadian Equity UltraYield ETF (CANY.TO) and S&P 500 Index (^GSPC).
CANY.TO is an actively managed fund by Evolve. It was launched on Sep 17, 2025.
Performance
CANY.TO vs. ^GSPC - Performance Comparison
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CANY.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CANY.TO Evolve Canadian Equity UltraYield ETF | 1.73% | 5.75% |
^GSPC S&P 500 Index | -3.34% | 2.66% |
Different Trading Currencies
CANY.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CANY.TO achieves a 1.73% return, which is significantly higher than ^GSPC's -3.34% return.
CANY.TO
- 1D
- 2.98%
- 1M
- -1.92%
- YTD
- 1.73%
- 6M
- 6.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- 2.80%
- 1M
- -3.22%
- YTD
- -3.34%
- 6M
- -2.48%
- 1Y
- 12.46%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 12.91%
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Return for Risk
CANY.TO vs. ^GSPC — Risk / Return Rank
CANY.TO
^GSPC
CANY.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Equity UltraYield ETF (CANY.TO) and S&P 500 Index (^GSPC). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CANY.TO | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.69 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.91 | -0.08 |
Correlation
The correlation between CANY.TO and ^GSPC is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Drawdowns
CANY.TO vs. ^GSPC - Drawdown Comparison
The maximum CANY.TO drawdown since its inception was -8.34%, smaller than the maximum ^GSPC drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for CANY.TO and ^GSPC.
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Drawdown Indicators
| CANY.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.34% | -56.78% | +48.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.83% | -6.45% | +2.62% |
Average DrawdownAverage peak-to-trough decline | -2.48% | -10.75% | +8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.57% | — |
Volatility
CANY.TO vs. ^GSPC - Volatility Comparison
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Volatility by Period
| CANY.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.28% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.03% | 18.14% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 14.99% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.03% | 16.33% | +1.70% |