HERO.TO vs. BIGY.TO

Last updated Jul 16, 2026

HERO.TO (Evolve E-Gaming Index ETF) and BIGY.TO (Evolve US Equity UltraYield ETF) are both exchange-traded funds - HERO.TO is a Gaming fund tracking the Solactive Global Video Games & Esports Index, while BIGY.TO is a Derivative Income fund actively managed by Evolve. HERO.TO is passively managed, while BIGY.TO is actively managed. At a 0.27 correlation, their price movements are largely independent.

Performance

HERO.TO vs. BIGY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve E-Gaming Index ETF (HERO.TO) and Evolve US Equity UltraYield ETF (BIGY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HERO.TO achieves a -16.36% return, which is significantly lower than BIGY.TO's -12.62% return.

HERO.TO

• 1D: -0.99%
• 1M: 4.51%
• 6M: -16.51%
• YTD: -16.36%
• 1Y: -17.28%
• 3Y*: 9.66%
• 5Y*: -0.06%
• 10Y*: —

BIGY.TO

• 1D: -1.37%
• 1M: -6.26%
• 6M: -14.63%
• YTD: -12.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HERO.TO vs. BIGY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
HERO.TO Evolve E-Gaming Index ETF	-16.36%	-7.17%
BIGY.TO Evolve US Equity UltraYield ETF	-12.62%	-1.05%

Correlation

The correlation between HERO.TO and BIGY.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025	0.27

Return for Risk

HERO.TO vs. BIGY.TO — Risk / Return Rank

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

HERO.TO

HERO.TO Risk / Return Rank: 3
HERO.TO Sharpe Ratio Rank: 2
HERO.TO Sortino Ratio Rank: 2
HERO.TO Omega Ratio Rank: 2
HERO.TO Calmar Ratio Rank: 4
HERO.TO Martin Ratio Rank: 4

BIGY.TO

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

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.

HERO.TO vs. BIGY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve E-Gaming Index ETF (HERO.TO) and Evolve US Equity UltraYield ETF (BIGY.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.

	HERO.TO	BIGY.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	—	—
Sortino ratio: Return per unit of downside risk	-1.33	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.58	—	—
Martin ratio: Return relative to average drawdown	-1.05	—	—

Drawdowns

HERO.TO vs. BIGY.TO - Drawdown Comparison

The maximum HERO.TO drawdown since its inception was -45.49%, which is greater than BIGY.TO's maximum drawdown of -27.81%. Use the drawdown chart below to compare losses from any high point for HERO.TO and BIGY.TO.

Drawdown Indicators

	HERO.TO	BIGY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.49%	-27.81%	-17.68%
Max Drawdown (1Y) Largest decline over 1 year	-29.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	—	—
Current Drawdown Current decline from peak	-24.70%	-21.62%	-3.08%
Average Drawdown Average peak-to-trough decline	-18.67%	-12.46%	-6.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.42%	—	—

Volatility

Volatility by Period

	HERO.TO	BIGY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.66%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.67%	28.76%	-11.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.64%	28.76%	-8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	28.76%	-7.78%

Dividends

HERO.TO vs. BIGY.TO - Dividend Comparison

HERO.TO's dividend yield for the trailing twelve months is around 0.54%, less than BIGY.TO's 36.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BIGY.TO Evolve US Equity UltraYield ETF	36.04%	9.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HERO.TO Evolve E-Gaming Index ETF	0.54%	0.45%	0.57%	0.70%	0.82%	0.57%	0.16%	0.13%

Frequently Asked Questions

Can I hold both HERO.TO and BIGY.TO in my portfolio?

HERO.TO and BIGY.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between HERO.TO and BIGY.TO?

HERO.TO is categorized as Gaming, while BIGY.TO is Derivative Income.