ETHR.TO vs. QQQY.TO
Compare and contrast key facts about Evolve Ether ETF CAD Unhedged Units (ETHR.TO) and Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO).
ETHR.TO and QQQY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHR.TO is a passively managed fund by Evolve that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Apr 19, 2021. QQQY.TO is a passively managed fund by Evolve that tracks the performance of the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index. It was launched on Oct 6, 2025. Both ETHR.TO and QQQY.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETHR.TO vs. QQQY.TO - Performance Comparison
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ETHR.TO vs. QQQY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETHR.TO Evolve Ether ETF CAD Unhedged Units | -28.50% | -17.01% | 52.43% | 36.05% |
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund | -9.65% | 27.46% | 207.55% | 115,066.66% |
Returns By Period
In the year-to-date period, ETHR.TO achieves a -28.50% return, which is significantly lower than QQQY.TO's -9.65% return.
ETHR.TO
- 1D
- 3.98%
- 1M
- 11.16%
- YTD
- -28.50%
- 6M
- -50.03%
- 1Y
- 9.03%
- 3Y*
- 3.59%
- 5Y*
- —
- 10Y*
- —
QQQY.TO
- 1D
- 3.10%
- 1M
- -6.15%
- YTD
- -9.65%
- 6M
- -5.13%
- 1Y
- 27.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ETHR.TO vs. QQQY.TO - Expense Ratio Comparison
ETHR.TO has a 0.75% expense ratio, which is higher than QQQY.TO's 0.74% expense ratio.
Return for Risk
ETHR.TO vs. QQQY.TO — Risk / Return Rank
ETHR.TO
QQQY.TO
ETHR.TO vs. QQQY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Ether ETF CAD Unhedged Units (ETHR.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.
| ETHR.TO | QQQY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 1.04 | -0.92 |
Sortino ratioReturn per unit of downside risk | 0.73 | 1.63 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.24 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.81 | -1.70 |
Martin ratioReturn relative to average drawdown | 0.23 | 6.67 | -6.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETHR.TO | QQQY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.04 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.06 | -0.09 |
Correlation
The correlation between ETHR.TO and QQQY.TO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ETHR.TO vs. QQQY.TO - Dividend Comparison
ETHR.TO has not paid dividends to shareholders, while QQQY.TO's dividend yield for the trailing twelve months is around 14.52%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETHR.TO Evolve Ether ETF CAD Unhedged Units | 0.00% | 0.00% | 0.00% | 0.00% |
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund | 14.52% | 16.21% | 96.39% | 27.84% |
Drawdowns
ETHR.TO vs. QQQY.TO - Drawdown Comparison
The maximum ETHR.TO drawdown since its inception was -78.36%, which is greater than QQQY.TO's maximum drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for ETHR.TO and QQQY.TO.
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Drawdown Indicators
| ETHR.TO | QQQY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.36% | -26.27% | -52.09% |
Max Drawdown (1Y)Largest decline over 1 year | -62.29% | -14.91% | -47.38% |
Current DrawdownCurrent decline from peak | -56.68% | -12.27% | -44.41% |
Average DrawdownAverage peak-to-trough decline | -43.06% | -3.51% | -39.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.72% | 4.04% | +26.68% |
Volatility
ETHR.TO vs. QQQY.TO - Volatility Comparison
Evolve Ether ETF CAD Unhedged Units (ETHR.TO) has a higher volatility of 19.68% compared to Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) at 7.54%. This indicates that ETHR.TO's price experiences larger fluctuations and is considered to be riskier than QQQY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHR.TO | QQQY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.68% | 7.54% | +12.14% |
Volatility (6M)Calculated over the trailing 6-month period | 52.55% | 15.39% | +37.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.21% | 26.30% | +47.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.62% | 46,687.01% | -46,614.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.62% | 46,687.01% | -46,614.39% |