QQQY.TO vs. ETSX.TO
Compare and contrast key facts about Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO).
QQQY.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. QQQY.TO is a passively managed fund by Evolve that tracks the performance of the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index. It was launched on Oct 6, 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 QQQY.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
QQQY.TO vs. ETSX.TO - Performance Comparison
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QQQY.TO vs. ETSX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund | -7.00% | 27.46% | 207.55% | 115,066.66% |
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 2.12% | 25.93% | 18.50% | 10.61% |
Returns By Period
In the year-to-date period, QQQY.TO achieves a -7.00% return, which is significantly lower than ETSX.TO's 2.12% return.
QQQY.TO
- 1D
- 1.53%
- 1M
- -3.82%
- YTD
- -7.00%
- 6M
- -2.79%
- 1Y
- 29.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETSX.TO
- 1D
- 0.47%
- 1M
- -3.35%
- YTD
- 2.12%
- 6M
- 7.87%
- 1Y
- 26.61%
- 3Y*
- 17.31%
- 5Y*
- —
- 10Y*
- —
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QQQY.TO vs. ETSX.TO - Expense Ratio Comparison
QQQY.TO has a 0.74% expense ratio, which is higher than ETSX.TO's 0.45% expense ratio.
Return for Risk
QQQY.TO vs. ETSX.TO — Risk / Return Rank
QQQY.TO
ETSX.TO
QQQY.TO vs. ETSX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.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.
| QQQY.TO | ETSX.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 1.97 | -0.83 |
Sortino ratioReturn per unit of downside risk | 1.76 | 2.67 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.89 | -0.81 |
Martin ratioReturn relative to average drawdown | 7.61 | 14.19 | -6.59 |
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
| QQQY.TO | ETSX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.97 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 1.37 | -1.31 |
Correlation
The correlation between QQQY.TO and ETSX.TO is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQQY.TO vs. ETSX.TO - Dividend Comparison
QQQY.TO's dividend yield for the trailing twelve months is around 15.60%, more than ETSX.TO's 9.53% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund | 15.60% | 16.21% | 96.39% | 27.84% |
ETSX.TO Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged | 9.53% | 9.39% | 9.20% | 9.92% |
Drawdowns
QQQY.TO vs. ETSX.TO - Drawdown Comparison
The maximum QQQY.TO drawdown since its inception was -26.27%, 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 QQQY.TO and ETSX.TO.
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Drawdown Indicators
| QQQY.TO | ETSX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.27% | -12.23% | -14.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -9.97% | -4.94% |
Current DrawdownCurrent decline from peak | -9.71% | -3.59% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -1.69% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.07% | 2.03% | +2.04% |
Volatility
QQQY.TO vs. ETSX.TO - Volatility Comparison
Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) has a higher volatility of 8.38% compared to Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged (ETSX.TO) at 5.15%. This indicates that QQQY.TO's price experiences larger fluctuations and is considered to be riskier than ETSX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQY.TO | ETSX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 5.15% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 9.28% | +6.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.54% | 13.69% | +12.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46,649.77% | 11.78% | +46,637.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46,649.77% | 11.78% | +46,637.99% |