CANY.TO vs. ECHI.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Evolve Canadian Equity UltraYield ETF (CANY.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO).

CANY.TO and ECHI.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. ECHI.TO is an actively managed fund by Ninepoint. It was launched on Aug 22, 2025.

Performance

CANY.TO vs. ECHI.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 Ninepoint Enhanced Canadian HighShares ETF (ECHI.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	1.68%	5.75%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	9.91%	13.87%

Returns By Period

In the year-to-date period, CANY.TO achieves a 1.68% return, which is significantly lower than ECHI.TO's 9.91% return.

CANY.TO

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

ECHI.TO

• 1D: 2.64%
• 1M: -1.98%
• YTD: 9.91%
• 6M: 22.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

CANY.TO has a 0.40% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.

CANY.TO

Evolve Canadian Equity UltraYield ETF

ECHI.TO

Ninepoint Enhanced Canadian HighShares ETF

Return for Risk

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

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Equity UltraYield ETF (CANY.TO) and Ninepoint Enhanced Canadian HighShares ETF (ECHI.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	ECHI.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	3.17	-2.35

Correlation

The correlation between CANY.TO and ECHI.TO is 0.87, 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. ECHI.TO - Dividend Comparison

CANY.TO's dividend yield for the trailing twelve months is around 11.28%, more than ECHI.TO's 8.71% yield.

	TTM	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	11.28%	5.87%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	8.71%	5.27%

Drawdowns

CANY.TO vs. ECHI.TO - Drawdown Comparison

The maximum CANY.TO drawdown since its inception was -8.34%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for CANY.TO and ECHI.TO.

Drawdown Indicators

	CANY.TO	ECHI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-8.34%	-6.84%	-1.50%
Current Drawdown Current decline from peak	-3.87%	-1.98%	-1.89%
Average Drawdown Average peak-to-trough decline	-2.49%	-1.40%	-1.09%

Volatility

Volatility by Period

	CANY.TO	ECHI.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	18.59%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	18.59%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	18.59%	-0.63%