CANY.TO vs. BIGY

Last updated Jun 4, 2026

CANY.TO (Evolve Canadian Equity UltraYield ETF) and BIGY ( YieldMax Target 12™ Big 50 Option Income ETF) are both Derivative Income funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. CANY.TO charges 0.40%/yr vs 0.99%/yr for BIGY.

Performance

CANY.TO vs. BIGY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Equity UltraYield ETF (CANY.TO) and YieldMax Target 12™ Big 50 Option Income ETF (BIGY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CANY.TO is traded in CAD, while BIGY is traded in USD. To make them comparable, the BIGY 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 10.38% return, which is significantly higher than BIGY's 8.02% return.

CANY.TO

• 1D: -1.47%
• 1M: 3.35%
• YTD: 10.38%
• 6M: 12.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIGY

• 1D: -0.13%
• 1M: 6.32%
• YTD: 8.02%
• 6M: 6.30%
• 1Y: 27.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CANY.TO vs. BIGY - Yearly Performance Comparison

	2026 (YTD)	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	10.38%	5.75%
BIGY YieldMax Target 12™ Big 50 Option Income ETF	8.02%	4.06%

Correlation

The correlation between CANY.TO and BIGY is 0.51, 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	0.51

Return for Risk

CANY.TO vs. BIGY — Risk / Return Rank

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

BIGY

BIGY Risk / Return Rank: 69
BIGY Sharpe Ratio Rank: 73
BIGY Sortino Ratio Rank: 71
BIGY Omega Ratio Rank: 73
BIGY Calmar Ratio Rank: 61
BIGY Martin Ratio Rank: 65

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. BIGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Equity UltraYield ETF (CANY.TO) and YieldMax Target 12™ Big 50 Option Income ETF (BIGY). 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	BIGY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	1.03	+0.40

Drawdowns

CANY.TO vs. BIGY - Drawdown Comparison

The maximum CANY.TO drawdown since its inception was -8.34%, smaller than the maximum BIGY drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for CANY.TO and BIGY.

Drawdown Indicators

	CANY.TO	BIGY	Difference
Max Drawdown Largest peak-to-trough decline	-8.34%	-19.24%	+10.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.81%	—
Current Drawdown Current decline from peak	-1.47%	-0.13%	-1.34%
Average Drawdown Average peak-to-trough decline	-2.13%	-3.55%	+1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.92%	—

Volatility

Volatility by Period

	CANY.TO	BIGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.38%	10.76%	+6.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	16.52%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	16.52%	+0.86%

CANY.TO vs. BIGY - Expense Ratio Comparison

CANY.TO has a 0.40% expense ratio, which is lower than BIGY's 0.99% expense ratio.

Dividends

CANY.TO vs. BIGY - Dividend Comparison

CANY.TO's dividend yield for the trailing twelve months is around 14.06%, more than BIGY's 12.60% yield.

Position	TTM	2025
BIGY YieldMax Target 12™ Big 50 Option Income ETF	12.60%	12.49%
CANY.TO Evolve Canadian Equity UltraYield ETF	14.06%	5.87%

Frequently Asked Questions

Can I hold both CANY.TO and BIGY in my portfolio?

CANY.TO and BIGY have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CANY.TO or BIGY?

On fees, CANY.TO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CANY.TO or BIGY?

CANY.TO is cheaper with a 0.40% expense ratio, compared with 0.99% for BIGY.

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

They also come from different issuers: Evolve and YieldMax. Their fees differ too: 0.40% for CANY.TO and 0.99% for BIGY.