OILY.TO vs. SLJY

Last updated Jun 4, 2026

OILY.TO (Evolve Canadian Energy Enhanced Yield Index Fund ETF) and SLJY (Amplify SILJ Covered Call ETF) are both exchange-traded funds - OILY.TO is a Energy Equities fund tracking the Solactive Canada Energy Top 10 Index, while SLJY is a Derivative Income fund actively managed by Amplify. OILY.TO is passively managed, while SLJY is actively managed. At a correlation of -0.04, they often move in opposite directions. OILY.TO charges 0.60%/yr vs 0.75%/yr for SLJY.

Performance

OILY.TO vs. SLJY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.TO) and Amplify SILJ Covered Call ETF (SLJY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

OILY.TO is traded in CAD, while SLJY is traded in USD. To make them comparable, the SLJY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, OILY.TO achieves a 35.40% return, which is significantly higher than SLJY's 9.08% return.

OILY.TO

• 1D: 1.11%
• 1M: 1.56%
• YTD: 35.40%
• 6M: 30.26%
• 1Y: 50.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLJY

• 1D: -3.62%
• 1M: 5.40%
• YTD: 9.08%
• 6M: 15.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILY.TO vs. SLJY - Yearly Performance Comparison

	2026 (YTD)	2025
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	35.40%	9.94%
SLJY Amplify SILJ Covered Call ETF	9.08%	41.87%

Correlation

The correlation between OILY.TO and SLJY is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	-0.04

Return for Risk

OILY.TO vs. SLJY — Risk / Return Rank

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

OILY.TO

OILY.TO Risk / Return Rank: 77
OILY.TO Sharpe Ratio Rank: 80
OILY.TO Sortino Ratio Rank: 72
OILY.TO Omega Ratio Rank: 72
OILY.TO Calmar Ratio Rank: 84
OILY.TO Martin Ratio Rank: 74

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.

OILY.TO vs. SLJY - 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 Amplify SILJ Covered Call ETF (SLJY). 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	SLJY	Difference
Sharpe ratio: Return per unit of total volatility	2.64	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	4.57	—	—
Martin ratio: Return relative to average drawdown	14.01	—	—
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

	OILY.TO	SLJY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.54	-0.20

Drawdowns

OILY.TO vs. SLJY - Drawdown Comparison

The maximum OILY.TO drawdown since its inception was -22.70%, smaller than the maximum SLJY drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for OILY.TO and SLJY.

Drawdown Indicators

	OILY.TO	SLJY	Difference
Max Drawdown Largest peak-to-trough decline	-22.70%	-30.19%	+7.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	—	—
Current Drawdown Current decline from peak	-3.20%	-20.16%	+16.96%
Average Drawdown Average peak-to-trough decline	-4.49%	-9.39%	+4.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	—	—

Volatility

Volatility by Period

	OILY.TO	SLJY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.34%	48.28%	-28.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.01%	48.28%	-23.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.01%	48.28%	-23.27%

OILY.TO vs. SLJY - Expense Ratio Comparison

OILY.TO has a 0.60% expense ratio, which is lower than SLJY's 0.75% expense ratio.

Dividends

OILY.TO vs. SLJY - Dividend Comparison

OILY.TO's dividend yield for the trailing twelve months is around 12.68%, less than SLJY's 16.71% yield.

Position	TTM	2025
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	12.68%	11.50%
SLJY Amplify SILJ Covered Call ETF	16.71%	6.26%

Frequently Asked Questions

Can I hold both OILY.TO and SLJY in my portfolio?

OILY.TO and SLJY have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OILY.TO or SLJY?

On fees, OILY.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILY.TO or SLJY?

OILY.TO is cheaper with a 0.60% expense ratio, compared with 0.75% for SLJY.

What is the main difference between OILY.TO and SLJY?

OILY.TO is categorized as Energy Equities, while SLJY is Derivative Income. They also come from different issuers: Evolve and Amplify. Their fees differ too: 0.60% for OILY.TO and 0.75% for SLJY.