ETSX.TO vs. TECH.TO
Compare and contrast key facts about Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) and Evolve FANGMA Index ETF Hedged CAD (TECH.TO).
ETSX.TO and TECH.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. TECH.TO is a passively managed fund by Evolve that tracks the performance of the Solactive FANGMA Equal Weight Index. It was launched on May 4, 2021. Both ETSX.TO and TECH.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. TECH.TO - Performance Comparison
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ETSX.TO vs. TECH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 0.82% | 25.93% | 18.50% | 6.16% |
TECH.TO Evolve FANGMA Index ETF Hedged CAD | -9.64% | 18.22% | 40.26% | 67.53% |
Returns By Period
In the year-to-date period, ETSX.TO achieves a 0.82% return, which is significantly higher than TECH.TO's -9.64% return.
ETSX.TO
- 1D
- 1.29%
- 1M
- -4.15%
- YTD
- 0.82%
- 6M
- 7.20%
- 1Y
- 27.15%
- 3Y*
- 16.81%
- 5Y*
- —
- 10Y*
- —
TECH.TO
- 1D
- 4.00%
- 1M
- -5.31%
- YTD
- -9.64%
- 6M
- -9.79%
- 1Y
- 17.00%
- 3Y*
- 27.42%
- 5Y*
- —
- 10Y*
- —
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ETSX.TO vs. TECH.TO - Expense Ratio Comparison
ETSX.TO has a 0.45% expense ratio, which is higher than TECH.TO's 0.40% expense ratio.
Return for Risk
ETSX.TO vs. TECH.TO — Risk / Return Rank
ETSX.TO
TECH.TO
ETSX.TO vs. TECH.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 FANGMA Index ETF Hedged CAD (TECH.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 | TECH.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 0.73 | +1.27 |
Sortino ratioReturn per unit of downside risk | 2.72 | 1.28 | +1.44 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.02 | +1.39 |
Martin ratioReturn relative to average drawdown | 11.88 | 3.34 | +8.55 |
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 | TECH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 0.73 | +1.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.34 | 0.50 | +0.84 |
Correlation
The correlation between ETSX.TO and TECH.TO is 0.29, 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. TECH.TO - Dividend Comparison
ETSX.TO's dividend yield for the trailing twelve months is around 8.77%, more than TECH.TO's 0.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 8.77% | 9.39% | 9.20% | 9.92% | 0.00% | 0.00% |
TECH.TO Evolve FANGMA Index ETF Hedged CAD | 0.12% | 0.12% | 0.14% | 0.20% | 0.35% | 0.17% |
Drawdowns
ETSX.TO vs. TECH.TO - Drawdown Comparison
The maximum ETSX.TO drawdown since its inception was -12.23%, smaller than the maximum TECH.TO drawdown of -47.92%. Use the drawdown chart below to compare losses from any high point for ETSX.TO and TECH.TO.
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Drawdown Indicators
| ETSX.TO | TECH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -47.92% | +35.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -16.59% | +6.62% |
Current DrawdownCurrent decline from peak | -4.81% | -13.06% | +8.25% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -12.66% | +10.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 5.09% | -3.07% |
Volatility
ETSX.TO vs. TECH.TO - Volatility Comparison
The current volatility for Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) is 5.04%, while Evolve FANGMA Index ETF Hedged CAD (TECH.TO) has a volatility of 6.82%. This indicates that ETSX.TO experiences smaller price fluctuations and is considered to be less risky than TECH.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 | TECH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 6.82% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 13.08% | -3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 23.29% | -9.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.75% | 26.64% | -14.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.75% | 26.64% | -14.89% |