CANY.TO vs. BKCL.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Evolve Canadian Equity UltraYield ETF (CANY.TO) and Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO).

CANY.TO and BKCL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CANY.TO is an actively managed fund by Evolve. It was launched on Sep 17, 2025. BKCL.TO is an actively managed fund by Global X. It was launched on Jul 5, 2023.

Performance

CANY.TO vs. BKCL.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 Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.TO). The values are adjusted to include any dividend payments, if applicable.

CANY.TO vs. BKCL.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	1.68%	5.75%
BKCL.TO Global X Enhanced Equal Weight Canadian Banks Covered Call ETF	-1.56%	13.26%

Returns By Period

In the year-to-date period, CANY.TO achieves a 1.68% return, which is significantly higher than BKCL.TO's -1.56% return.

CANY.TO

• 1D: -0.04%
• 1M: -3.87%
• YTD: 1.68%
• 6M: 6.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKCL.TO

• 1D: 0.00%
• 1M: -7.08%
• YTD: -1.56%
• 6M: 10.30%
• 1Y: 38.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

CANY.TO has a 0.40% expense ratio, which is lower than BKCL.TO's 1.68% expense ratio.

BKCL.TO

Global X Enhanced Equal Weight Canadian Banks Covered Call ETF

CANY.TO

Evolve Canadian Equity UltraYield ETF

Return for Risk

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

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

BKCL.TO

BKCL.TO Risk / Return Rank: 96
BKCL.TO Sharpe Ratio Rank: 97
BKCL.TO Sortino Ratio Rank: 97
BKCL.TO Omega Ratio Rank: 97
BKCL.TO Calmar Ratio Rank: 95
BKCL.TO Martin Ratio Rank: 96

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. BKCL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Equity UltraYield ETF (CANY.TO) and Global X Enhanced Equal Weight Canadian Banks Covered Call ETF (BKCL.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	BKCL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.62	-0.80

Correlation

The correlation between CANY.TO and BKCL.TO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CANY.TO vs. BKCL.TO - Dividend Comparison

CANY.TO's dividend yield for the trailing twelve months is around 11.28%, less than BKCL.TO's 13.14% yield.

	TTM	2025	2024	2023
CANY.TO Evolve Canadian Equity UltraYield ETF	11.28%	5.87%	0.00%	0.00%
BKCL.TO Global X Enhanced Equal Weight Canadian Banks Covered Call ETF	13.14%	12.60%	15.02%	7.91%

Drawdowns

CANY.TO vs. BKCL.TO - Drawdown Comparison

The maximum CANY.TO drawdown since its inception was -8.34%, smaller than the maximum BKCL.TO drawdown of -16.58%. Use the drawdown chart below to compare losses from any high point for CANY.TO and BKCL.TO.

Drawdown Indicators

	CANY.TO	BKCL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-8.34%	-16.58%	+8.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.90%	—
Current Drawdown Current decline from peak	-3.87%	-8.94%	+5.07%
Average Drawdown Average peak-to-trough decline	-2.49%	-2.79%	+0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.37%	—

Volatility

Volatility by Period

	CANY.TO	BKCL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	14.22%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	12.91%	+5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	12.91%	+5.05%