CNYE.TO vs. CANY.TO

Last updated Jun 5, 2026

CNYE.TO (Harvest Coinbase Enhanced High Income Shares ETF) and CANY.TO (Evolve Canadian Equity UltraYield ETF) are both Derivative Income funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.

Performance

CNYE.TO vs. CANY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) and Evolve Canadian Equity UltraYield ETF (CANY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CNYE.TO achieves a -30.06% return, which is significantly lower than CANY.TO's 12.33% return.

CNYE.TO

• 1D: 0.45%
• 1M: -16.55%
• YTD: -30.06%
• 6M: -43.59%
• 1Y: -44.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CANY.TO

• 1D: 1.77%
• 1M: 6.72%
• YTD: 12.33%
• 6M: 13.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF	-30.06%	-38.06%
CANY.TO Evolve Canadian Equity UltraYield ETF	12.33%	5.75%

Correlation

The correlation between CNYE.TO and CANY.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 19, 2025	0.46

Return for Risk

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

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

CNYE.TO

CNYE.TO Risk / Return Rank: 4
CNYE.TO Sharpe Ratio Rank: 4
CNYE.TO Sortino Ratio Rank: 5
CNYE.TO Omega Ratio Rank: 5
CNYE.TO Calmar Ratio Rank: 4
CNYE.TO Martin Ratio Rank: 4

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.

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

This table presents a comparison of risk-adjusted performance metrics for Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) and Evolve Canadian Equity UltraYield ETF (CANY.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.

	CNYE.TO	CANY.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.54	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.61	—	—
Martin ratio: Return relative to average drawdown	-1.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CNYE.TO	CANY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	1.59	-2.00

Drawdowns

CNYE.TO vs. CANY.TO - Drawdown Comparison

The maximum CNYE.TO drawdown since its inception was -72.18%, which is greater than CANY.TO's maximum drawdown of -8.34%. Use the drawdown chart below to compare losses from any high point for CNYE.TO and CANY.TO.

Drawdown Indicators

	CNYE.TO	CANY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-72.18%	-8.34%	-63.84%
Max Drawdown (1Y) Largest decline over 1 year	-72.18%	—	—
Current Drawdown Current decline from peak	-65.57%	0.00%	-65.57%
Average Drawdown Average peak-to-trough decline	-33.73%	-2.12%	-31.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.83%	—	—

Volatility

Volatility by Period

	CNYE.TO	CANY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	77.13%	17.45%	+59.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.50%	17.45%	+65.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.50%	17.45%	+65.05%

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

Both CNYE.TO and CANY.TO have an expense ratio of 0.40%.

Dividends

CNYE.TO vs. CANY.TO - Dividend Comparison

CNYE.TO's dividend yield for the trailing twelve months is around 89.78%, more than CANY.TO's 13.81% yield.

Position	TTM	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	13.81%	5.87%
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF	89.78%	48.74%

Frequently Asked Questions

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

CNYE.TO and CANY.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

CNYE.TO and CANY.TO have the same expense ratio: 0.40% per year.

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

They also come from different issuers: Harvest and Evolve.