EASY.TO vs. HEQL.TO

Last updated Jun 4, 2026

EASY.TO (Evolve All-in-One UltraYield ETF) and HEQL.TO (Global X Enhanced All-Equity Asset Allocation ETF CAD) are both exchange-traded funds - EASY.TO is a Derivative Income fund actively managed by Evolve, while HEQL.TO is a Leveraged Equities fund actively managed by Global X. Both are actively managed. A 0.78 correlation means they provide meaningful diversification when combined.

Performance

EASY.TO vs. HEQL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve All-in-One UltraYield ETF (EASY.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EASY.TO

• 1D: -1.73%
• 1M: 2.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HEQL.TO

• 1D: -0.47%
• 1M: 8.44%
• YTD: 16.61%
• 6M: 16.02%
• 1Y: 39.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EASY.TO vs. HEQL.TO - Yearly Performance Comparison

	2026 (YTD)
EASY.TO Evolve All-in-One UltraYield ETF	5.64%
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	17.16%

Correlation

The correlation between EASY.TO and HEQL.TO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	0.78

Return for Risk

EASY.TO vs. HEQL.TO — Risk / Return Rank

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

HEQL.TO

HEQL.TO Risk / Return Rank: 81
HEQL.TO Sharpe Ratio Rank: 82
HEQL.TO Sortino Ratio Rank: 82
HEQL.TO Omega Ratio Rank: 80
HEQL.TO Calmar Ratio Rank: 78
HEQL.TO Martin Ratio Rank: 83

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.

EASY.TO vs. HEQL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve All-in-One UltraYield ETF (EASY.TO) and Global X Enhanced All-Equity Asset Allocation ETF CAD (HEQL.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

	EASY.TO	HEQL.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	2.08	-0.84

Drawdowns

EASY.TO vs. HEQL.TO - Drawdown Comparison

The maximum EASY.TO drawdown since its inception was -8.20%, smaller than the maximum HEQL.TO drawdown of -19.86%. Use the drawdown chart below to compare losses from any high point for EASY.TO and HEQL.TO.

Drawdown Indicators

	EASY.TO	HEQL.TO	Difference
Max Drawdown Largest peak-to-trough decline	-8.20%	-19.86%	+11.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.69%	—
Current Drawdown Current decline from peak	-3.94%	-0.47%	-3.47%
Average Drawdown Average peak-to-trough decline	-1.99%	-1.85%	-0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.46%	—

Volatility

Volatility by Period

	EASY.TO	HEQL.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.21%	15.73%	+6.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.21%	18.36%	+3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.21%	18.36%	+3.85%

Dividends

EASY.TO vs. HEQL.TO - Dividend Comparison

EASY.TO's dividend yield for the trailing twelve months is around 6.35%, more than HEQL.TO's 1.62% yield.

Position	TTM	2025	2024	2023
EASY.TO Evolve All-in-One UltraYield ETF	6.35%	0.00%	0.00%	0.00%
HEQL.TO Global X Enhanced All-Equity Asset Allocation ETF CAD	1.62%	1.82%	1.75%	0.55%

Frequently Asked Questions

Can I hold both EASY.TO and HEQL.TO in my portfolio?

EASY.TO and HEQL.TO have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between EASY.TO and HEQL.TO?

EASY.TO is categorized as Derivative Income, while HEQL.TO is Leveraged Equities. They also come from different issuers: Evolve and Global X.