CANY.TO vs. ZEQT.TO

Last updated Jun 9, 2026

CANY.TO (Evolve Canadian Equity UltraYield ETF) and ZEQT.TO (BMO All-Equity ETF) are both exchange-traded funds - CANY.TO is a Derivative Income fund actively managed by Evolve, while ZEQT.TO is a Global Equities fund actively managed by BMO. Both are actively managed. CANY.TO charges 0.40%/yr vs 0.18%/yr for ZEQT.TO.

Performance

CANY.TO vs. ZEQT.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 BMO All-Equity ETF (ZEQT.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*: —

ZEQT.TO

• 1D: 0.27%
• 1M: 1.48%
• YTD: 11.17%
• 6M: 11.47%
• 1Y: 30.22%
• 3Y*: 25.35%
• 5Y*: —
• 10Y*: —

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

Return for Risk

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

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

ZEQT.TO

ZEQT.TO Risk / Return Rank: 79
ZEQT.TO Sharpe Ratio Rank: 80
ZEQT.TO Sortino Ratio Rank: 80
ZEQT.TO Omega Ratio Rank: 80
ZEQT.TO Calmar Ratio Rank: 75
ZEQT.TO Martin Ratio Rank: 81

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. ZEQT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Equity UltraYield ETF (CANY.TO) and BMO All-Equity ETF (ZEQT.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	ZEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.42	—

Drawdowns

Drawdown Indicators

	CANY.TO	ZEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	—	-15.18%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.62%	—
Current Drawdown Current decline from peak	—	-2.79%	—
Average Drawdown Average peak-to-trough decline	—	-2.59%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.08%	—

Volatility

Volatility by Period

	CANY.TO	ZEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	13.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.49%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	13.49%	—

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

CANY.TO has a 0.40% expense ratio, which is higher than ZEQT.TO's 0.18% expense ratio.

Dividends

CANY.TO vs. ZEQT.TO - Dividend Comparison

CANY.TO has not paid dividends to shareholders, while ZEQT.TO's dividend yield for the trailing twelve months is around 1.95%.

Position	TTM	2025	2024	2023	2022
CANY.TO Evolve Canadian Equity UltraYield ETF	0.00%	0.00%	0.00%	0.00%	0.00%
ZEQT.TO BMO All-Equity ETF	1.95%	2.89%	5.08%	6.40%	7.31%

Frequently Asked Questions

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

On fees, ZEQT.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ZEQT.TO is cheaper with a 0.18% expense ratio, compared with 0.40% for CANY.TO.

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

CANY.TO is categorized as Derivative Income, while ZEQT.TO is Global Equities. They also come from different issuers: Evolve and BMO. Their fees differ too: 0.40% for CANY.TO and 0.18% for ZEQT.TO.