ETSX.TO vs. OILY.TO
Compare and contrast key facts about Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO).
ETSX.TO and OILY.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. OILY.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Canada Energy Top 10 Index. It was launched on Mar 26, 2025. Both ETSX.TO and OILY.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
ETSX.TO vs. OILY.TO - Performance Comparison
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ETSX.TO vs. OILY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 0.82% | 23.02% |
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 30.30% | 3.96% |
Returns By Period
In the year-to-date period, ETSX.TO achieves a 0.82% return, which is significantly lower than OILY.TO's 30.30% return.
ETSX.TO
- 1D
- 1.29%
- 1M
- -4.15%
- YTD
- 0.82%
- 6M
- 7.20%
- 1Y
- 27.15%
- 3Y*
- 16.81%
- 5Y*
- —
- 10Y*
- —
OILY.TO
- 1D
- -2.08%
- 1M
- 9.89%
- YTD
- 30.30%
- 6M
- 31.31%
- 1Y
- 36.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ETSX.TO vs. OILY.TO - Expense Ratio Comparison
ETSX.TO has a 0.45% expense ratio, which is lower than OILY.TO's 0.60% expense ratio.
Return for Risk
ETSX.TO vs. OILY.TO — Risk / Return Rank
ETSX.TO
OILY.TO
ETSX.TO vs. OILY.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 Energy Enhanced Yield Index Fund ETF (OILY.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 | OILY.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 1.51 | +0.50 |
Sortino ratioReturn per unit of downside risk | 2.72 | 1.94 | +0.78 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.68 | +0.73 |
Martin ratioReturn relative to average drawdown | 11.88 | 6.06 | +5.82 |
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
| ETSX.TO | OILY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.51 | +0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 1.43 | -0.09 |
Correlation
The correlation between ETSX.TO and OILY.TO is 0.13, 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
ETSX.TO vs. OILY.TO - Dividend Comparison
ETSX.TO's dividend yield for the trailing twelve months is around 8.77%, less than OILY.TO's 11.26% 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% |
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 11.26% | 11.50% | 0.00% | 0.00% |
Drawdowns
ETSX.TO vs. OILY.TO - Drawdown Comparison
The maximum ETSX.TO drawdown since its inception was -12.23%, smaller than the maximum OILY.TO drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for ETSX.TO and OILY.TO.
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Drawdown Indicators
| ETSX.TO | OILY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -22.70% | +10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -22.70% | +12.73% |
Current DrawdownCurrent decline from peak | -4.81% | -2.40% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -4.52% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 6.29% | -4.27% |
Volatility
ETSX.TO vs. OILY.TO - Volatility Comparison
Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) has a higher volatility of 5.04% compared to Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) at 4.79%. This indicates that ETSX.TO's price experiences larger fluctuations and is considered to be riskier than OILY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETSX.TO | OILY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 4.79% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 13.41% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 24.63% | -10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 24.66% | -12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.75% | 24.66% | -12.91% |