QQQY.TO vs. SIXY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO).

QQQY.TO and SIXY.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. SIXY.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Equal Weight Canada Banks Index. It was launched on Dec 1, 2025. Both QQQY.TO and SIXY.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. SIXY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) and Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO). The values are adjusted to include any dividend payments, if applicable.

QQQY.TO vs. SIXY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	-9.65%	-0.65%
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	0.37%	5.33%

Returns By Period

In the year-to-date period, QQQY.TO achieves a -9.65% return, which is significantly lower than SIXY.TO's 0.37% return.

QQQY.TO

• 1D: 3.10%
• 1M: -6.15%
• YTD: -9.65%
• 6M: -5.13%
• 1Y: 27.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SIXY.TO

• 1D: 2.33%
• 1M: -5.44%
• YTD: 0.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQY.TO vs. SIXY.TO - Expense Ratio Comparison

QQQY.TO has a 0.74% expense ratio, which is higher than SIXY.TO's 0.60% expense ratio.

QQQY.TO

Evolve NASDAQ Technology Enhanced Yield Index Fund

SIXY.TO

Evolve Big Six Canadian Banks UltraYield Index ETF

Return for Risk

QQQY.TO vs. SIXY.TO — Risk / Return Rank

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

QQQY.TO

QQQY.TO Risk / Return Rank: 66
QQQY.TO Sharpe Ratio Rank: 61
QQQY.TO Sortino Ratio Rank: 66
QQQY.TO Omega Ratio Rank: 66
QQQY.TO Calmar Ratio Rank: 72
QQQY.TO Martin Ratio Rank: 68

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.

QQQY.TO vs. SIXY.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 Big Six Canadian Banks UltraYield Index ETF (SIXY.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	SIXY.TO	Difference
Sharpe ratio Return per unit of total volatility	1.04	—	—
Sortino ratio Return per unit of downside risk	1.63	—	—
Omega ratio Gain probability vs. loss probability	1.24	—	—
Calmar ratio Return relative to maximum drawdown	1.81	—	—
Martin ratio Return relative to average drawdown	6.67	—	—
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

	QQQY.TO	SIXY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	1.07	-1.01

Correlation

The correlation between QQQY.TO and SIXY.TO is 0.55, 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. SIXY.TO - Dividend Comparison

QQQY.TO's dividend yield for the trailing twelve months is around 14.52%, more than SIXY.TO's 5.76% yield.

	TTM	2025	2024	2023
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	14.52%	16.21%	96.39%	27.84%
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	5.76%	1.59%	0.00%	0.00%

Drawdowns

QQQY.TO vs. SIXY.TO - Drawdown Comparison

The maximum QQQY.TO drawdown since its inception was -26.27%, which is greater than SIXY.TO's maximum drawdown of -9.64%. Use the drawdown chart below to compare losses from any high point for QQQY.TO and SIXY.TO.

Drawdown Indicators

	QQQY.TO	SIXY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.27%	-9.64%	-16.63%
Max Drawdown (1Y) Largest decline over 1 year	-14.91%	—	—
Current Drawdown Current decline from peak	-12.27%	-7.31%	-4.96%
Average Drawdown Average peak-to-trough decline	-3.51%	-2.19%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	—	—

Volatility

Volatility by Period

	QQQY.TO	SIXY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.39%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.30%	17.71%	+8.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46,687.01%	17.71%	+46,669.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46,687.01%	17.71%	+46,669.30%