CANY.TO vs. BASE.TO

Last updated Jun 9, 2026

CANY.TO (Evolve Canadian Equity UltraYield ETF) and BASE.TO (Evolve Global Materials & Mining Enhanced Yield Index ETF) are both exchange-traded funds - CANY.TO is a Derivative Income fund actively managed by Evolve, while BASE.TO is a Materials fund tracking the Solactive Materials & Mining. CANY.TO is actively managed, while BASE.TO is passively managed. CANY.TO charges 0.40%/yr vs 0.00%/yr for BASE.TO.

Performance

CANY.TO vs. BASE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Equity UltraYield ETF (CANY.TO) and Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CANY.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BASE.TO

• 1D: 0.17%
• 1M: -2.69%
• YTD: 23.85%
• 6M: 28.72%
• 1Y: 51.80%
• 3Y*: 16.16%
• 5Y*: 7.97%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CANY.TO vs. BASE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BASE.TO

BASE.TO Risk / Return Rank: 76
BASE.TO Sharpe Ratio Rank: 79
BASE.TO Sortino Ratio Rank: 72
BASE.TO Omega Ratio Rank: 73
BASE.TO Calmar Ratio Rank: 73
BASE.TO Martin Ratio Rank: 80

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.

CANY.TO vs. BASE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Equity UltraYield ETF (CANY.TO) and Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CANY.TO	BASE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.57	—

Drawdowns

Drawdown Indicators

	CANY.TO	BASE.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.43%	—
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 Drawdown Current decline from peak	—	-5.48%	—
Average Drawdown Average peak-to-trough decline	—	-9.29%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.69%	—

Volatility

Volatility by Period

	CANY.TO	BASE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	22.79%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.09%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	26.40%	—

CANY.TO vs. BASE.TO - Expense Ratio Comparison

CANY.TO has a 0.40% expense ratio, which is higher than BASE.TO's 0.00% expense ratio.

Dividends

CANY.TO vs. BASE.TO - Dividend Comparison

CANY.TO has not paid dividends to shareholders, while BASE.TO's dividend yield for the trailing twelve months is around 8.22%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF	8.22%	9.55%	11.20%	8.80%	8.96%	5.95%	4.67%	2.88%
CANY.TO Evolve Canadian Equity UltraYield ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CANY.TO or BASE.TO?

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.

Which ETF is cheaper, CANY.TO or BASE.TO?

BASE.TO is cheaper with a 0.00% expense ratio, compared with 0.40% for CANY.TO.

What is the main difference between CANY.TO and BASE.TO?

CANY.TO is categorized as Derivative Income, while BASE.TO is Materials. Their fees differ too: 0.40% for CANY.TO and 0.00% for BASE.TO.