ECHI.TO vs. QQQY.TO

Last updated Jun 13, 2026

ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) and QQQY.TO (Evolve NASDAQ Technology Enhanced Yield Index Fund) are both exchange-traded funds - ECHI.TO is a Derivative Income fund actively managed by Ninepoint, while QQQY.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index. ECHI.TO is actively managed, while QQQY.TO is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. ECHI.TO charges 0.29%/yr vs 0.74%/yr for QQQY.TO.

Performance

ECHI.TO vs. QQQY.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 NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ECHI.TO having a 14.81% return and QQQY.TO slightly higher at 15.25%.

ECHI.TO

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

QQQY.TO

• 1D: 0.64%
• 1M: 1.73%
• YTD: 15.25%
• 6M: 15.49%
• 1Y: 43.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	14.81%	20.01%
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	15.25%	13.58%

Correlation

The correlation between ECHI.TO and QQQY.TO is 0.54, 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 Aug 22, 2025	0.54

Return for Risk

ECHI.TO vs. QQQY.TO — Risk / Return Rank

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

ECHI.TO

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

QQQY.TO

QQQY.TO Risk / Return Rank: 70
QQQY.TO Sharpe Ratio Rank: 76
QQQY.TO Sortino Ratio Rank: 69
QQQY.TO Omega Ratio Rank: 72
QQQY.TO Calmar Ratio Rank: 65
QQQY.TO Martin Ratio Rank: 68

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.

ECHI.TO vs. QQQY.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 NASDAQ Technology Enhanced Yield Index Fund (QQQY.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.

	ECHI.TO	QQQY.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.12	—
Sortino ratio: Return per unit of downside risk	—	2.71	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	2.82	—
Martin ratio: Return relative to average drawdown	—	10.79	—

Drawdowns

ECHI.TO vs. QQQY.TO - Drawdown Comparison

The maximum ECHI.TO drawdown since its inception was -6.84%, smaller than the maximum QQQY.TO drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for ECHI.TO and QQQY.TO.

Drawdown Indicators

	ECHI.TO	QQQY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-6.84%	-26.27%	+19.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.91%	—
Current Drawdown Current decline from peak	-2.62%	-4.63%	+2.01%
Average Drawdown Average peak-to-trough decline	-1.30%	-4.03%	+2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.90%	—

Volatility

Volatility by Period

	ECHI.TO	QQQY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.86%	19.85%	-1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.86%	24.09%	-6.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	24.09%	-6.23%

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

ECHI.TO has a 0.29% expense ratio, which is lower than QQQY.TO's 0.74% expense ratio.

Dividends

ECHI.TO vs. QQQY.TO - Dividend Comparison

ECHI.TO's dividend yield for the trailing twelve months is around 11.08%, less than QQQY.TO's 12.86% yield.

Position	TTM	2025	2024	2023
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	11.08%	5.27%	0.00%	0.00%
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	12.86%	13.97%	15.92%	2.73%

Frequently Asked Questions

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

ECHI.TO and QQQY.TO have a correlation of 0.54, 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 QQQY.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 QQQY.TO?

ECHI.TO is cheaper with a 0.29% expense ratio, compared with 0.74% for QQQY.TO.

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

ECHI.TO is categorized as Derivative Income, while QQQY.TO is Nasdaq-100. They also come from different issuers: Ninepoint and Evolve. Their fees differ too: 0.29% for ECHI.TO and 0.74% for QQQY.TO.