ETSX.TO vs. CANY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Evolve Canadian Equity UltraYield ETF (CANY.TO).

ETSX.TO and CANY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETSX.TO is a passively managed fund by Evolve that tracks the performance of the S&P/TSX 60. It was launched on Jan 9, 2023. CANY.TO is an actively managed fund by Evolve. It was launched on Sep 17, 2025.

Performance

ETSX.TO vs. CANY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Evolve Canadian Equity UltraYield ETF (CANY.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	0.82%	7.53%
CANY.TO Evolve Canadian Equity UltraYield ETF	1.73%	5.75%

Returns By Period

In the year-to-date period, ETSX.TO achieves a 0.82% return, which is significantly lower than CANY.TO's 1.73% return.

ETSX.TO

• 1D: 1.29%
• 1M: -4.15%
• YTD: 0.82%
• 6M: 7.20%
• 1Y: 27.15%
• 3Y*: 16.81%
• 5Y*: —
• 10Y*: —

CANY.TO

• 1D: 2.98%
• 1M: -1.92%
• YTD: 1.73%
• 6M: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

ETSX.TO has a 0.45% expense ratio, which is higher than CANY.TO's 0.40% expense ratio.

ETSX.TO

Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged

CANY.TO

Evolve Canadian Equity UltraYield ETF

Return for Risk

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

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

ETSX.TO

ETSX.TO Risk / Return Rank: 89
ETSX.TO Sharpe Ratio Rank: 90
ETSX.TO Sortino Ratio Rank: 92
ETSX.TO Omega Ratio Rank: 92
ETSX.TO Calmar Ratio Rank: 82
ETSX.TO Martin Ratio Rank: 90

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.

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

This table presents a comparison of risk-adjusted performance metrics for Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.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.

	ETSX.TO	CANY.TO	Difference
Sharpe ratio Return per unit of total volatility	2.01	—	—
Sortino ratio Return per unit of downside risk	2.72	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	2.41	—	—
Martin ratio Return relative to average drawdown	11.88	—	—
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

	ETSX.TO	CANY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	0.83	+0.51

Correlation

The correlation between ETSX.TO and CANY.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ETSX.TO vs. CANY.TO - Dividend Comparison

ETSX.TO's dividend yield for the trailing twelve months is around 8.77%, less than CANY.TO's 11.28% yield.

	TTM	2025	2024	2023
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	8.77%	9.39%	9.20%	9.92%
CANY.TO Evolve Canadian Equity UltraYield ETF	11.28%	5.87%	0.00%	0.00%

Drawdowns

ETSX.TO vs. CANY.TO - Drawdown Comparison

The maximum ETSX.TO drawdown since its inception was -12.23%, 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 ETSX.TO and CANY.TO.

Drawdown Indicators

	ETSX.TO	CANY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-8.34%	-3.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.97%	—	—
Current Drawdown Current decline from peak	-4.81%	-3.83%	-0.98%
Average Drawdown Average peak-to-trough decline	-1.69%	-2.48%	+0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	—	—

Volatility

Volatility by Period

	ETSX.TO	CANY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	18.03%	-4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.75%	18.03%	-6.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.75%	18.03%	-6.28%