ECHI.TO vs. CANY.TO

Last updated Jun 13, 2026

ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) and CANY.TO (Evolve Canadian Equity UltraYield ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. ECHI.TO charges 0.29%/yr vs 0.40%/yr for CANY.TO.

Performance

ECHI.TO vs. CANY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ninepoint Enhanced Canadian HighShares ETF (ECHI.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, ECHI.TO achieves a 14.81% return, which is significantly higher than CANY.TO's 11.24% return.

ECHI.TO

• 1D: 0.33%
• 1M: 3.37%
• YTD: 14.81%
• 6M: 15.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CANY.TO

• 1D: 1.03%
• 1M: 4.55%
• YTD: 11.24%
• 6M: 11.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	14.81%	14.57%
CANY.TO Evolve Canadian Equity UltraYield ETF	11.24%	5.00%

Correlation

The correlation between ECHI.TO and CANY.TO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	0.84

Return for Risk

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

This table presents a comparison of risk-adjusted performance metrics for Ninepoint Enhanced Canadian HighShares ETF (ECHI.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ECHI.TO vs. CANY.TO - Drawdown Comparison

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

Drawdown Indicators

	ECHI.TO	CANY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-8.34%	+1.50%
Current Drawdown Current decline from peak	-2.62%	-0.97%	-1.65%
Average Drawdown Average peak-to-trough decline	-1.30%	-2.12%	+0.82%

Volatility

Volatility by Period

	ECHI.TO	CANY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	17.71%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.86%	17.71%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	17.71%	+0.15%

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

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

Dividends

ECHI.TO vs. CANY.TO - Dividend Comparison

ECHI.TO's dividend yield for the trailing twelve months is around 11.08%, less than CANY.TO's 13.95% yield.

Position	TTM	2025
CANY.TO Evolve Canadian Equity UltraYield ETF	13.95%	5.87%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	11.08%	5.27%

Frequently Asked Questions

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

ECHI.TO and CANY.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, ECHI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ECHI.TO is cheaper with a 0.29% expense ratio, compared with 0.40% for CANY.TO.

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

They also come from different issuers: Ninepoint and Evolve. Their fees differ too: 0.29% for ECHI.TO and 0.40% for CANY.TO.