OILY.TO vs. ETSX.TO
Compare and contrast key facts about Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO).
OILY.TO and ETSX.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both OILY.TO and ETSX.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
OILY.TO vs. ETSX.TO - Performance Comparison
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OILY.TO vs. ETSX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 30.30% | 3.96% |
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 0.82% | 23.02% |
Returns By Period
In the year-to-date period, OILY.TO achieves a 30.30% return, which is significantly higher than ETSX.TO's 0.82% return.
OILY.TO
- 1D
- -2.08%
- 1M
- 9.89%
- YTD
- 30.30%
- 6M
- 31.31%
- 1Y
- 36.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETSX.TO
- 1D
- 1.29%
- 1M
- -4.15%
- YTD
- 0.82%
- 6M
- 7.20%
- 1Y
- 27.15%
- 3Y*
- 16.81%
- 5Y*
- —
- 10Y*
- —
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OILY.TO vs. ETSX.TO - Expense Ratio Comparison
OILY.TO has a 0.60% expense ratio, which is higher than ETSX.TO's 0.45% expense ratio.
Return for Risk
OILY.TO vs. ETSX.TO — Risk / Return Rank
OILY.TO
ETSX.TO
OILY.TO vs. ETSX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.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.
| OILY.TO | ETSX.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 2.01 | -0.50 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.72 | -0.78 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.41 | -0.73 |
Martin ratioReturn relative to average drawdown | 6.06 | 11.88 | -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
| OILY.TO | ETSX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 2.01 | -0.50 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 1.34 | +0.09 |
Correlation
The correlation between OILY.TO and ETSX.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
OILY.TO vs. ETSX.TO - Dividend Comparison
OILY.TO's dividend yield for the trailing twelve months is around 11.26%, more than ETSX.TO's 8.77% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF | 11.26% | 11.50% | 0.00% | 0.00% |
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 8.77% | 9.39% | 9.20% | 9.92% |
Drawdowns
OILY.TO vs. ETSX.TO - Drawdown Comparison
The maximum OILY.TO drawdown since its inception was -22.70%, which is greater than ETSX.TO's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for OILY.TO and ETSX.TO.
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Drawdown Indicators
| OILY.TO | ETSX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.70% | -12.23% | -10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -22.70% | -9.97% | -12.73% |
Current DrawdownCurrent decline from peak | -2.40% | -4.81% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -1.69% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 2.02% | +4.27% |
Volatility
OILY.TO vs. ETSX.TO - Volatility Comparison
Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) have volatilities of 4.79% and 5.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OILY.TO | ETSX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 5.04% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 9.12% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.63% | 13.83% | +10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.66% | 11.75% | +12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.66% | 11.75% | +12.91% |