CANY.TO vs. SIXY.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Evolve Canadian Equity UltraYield ETF (CANY.TO) and Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO).

CANY.TO and SIXY.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. SIXY.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Dec 1, 2025.

Performance

CANY.TO vs. SIXY.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 Big Six Canadian Banks UltraYield Index ETF (SIXY.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	1.68%	2.37%
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	0.37%	5.33%

Returns By Period

In the year-to-date period, CANY.TO achieves a 1.68% return, which is significantly higher than SIXY.TO's 0.37% return.

CANY.TO

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

SIXY.TO

• 1D: 2.33%
• 1M: -5.44%
• YTD: 0.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

CANY.TO has a 0.40% expense ratio, which is lower than SIXY.TO's 0.60% expense ratio.

SIXY.TO

Evolve Big Six Canadian Banks UltraYield Index ETF

CANY.TO

Evolve Canadian Equity UltraYield ETF

Return for Risk

CANY.TO vs. SIXY.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 Big Six Canadian Banks UltraYield Index ETF (SIXY.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	SIXY.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.07	-0.26

Correlation

The correlation between CANY.TO and SIXY.TO is 0.84, 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. SIXY.TO - Dividend Comparison

CANY.TO's dividend yield for the trailing twelve months is around 11.28%, more than SIXY.TO's 5.76% yield.

	TTM	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	11.28%	5.87%
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	5.76%	1.59%

Drawdowns

CANY.TO vs. SIXY.TO - Drawdown Comparison

The maximum CANY.TO drawdown since its inception was -8.34%, smaller than the maximum SIXY.TO drawdown of -9.64%. Use the drawdown chart below to compare losses from any high point for CANY.TO and SIXY.TO.

Drawdown Indicators

	CANY.TO	SIXY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-8.34%	-9.64%	+1.30%
Current Drawdown Current decline from peak	-3.87%	-7.31%	+3.44%
Average Drawdown Average peak-to-trough decline	-2.49%	-2.19%	-0.30%

Volatility

Volatility by Period

	CANY.TO	SIXY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	17.71%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	17.71%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	17.71%	+0.25%