SIXY.TO vs. CANY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO) and Evolve Canadian Equity UltraYield ETF (CANY.TO).

SIXY.TO and CANY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CANY.TO is an actively managed fund by Evolve. It was launched on Sep 17, 2025.

Performance

SIXY.TO vs. CANY.TO - Performance Comparison

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

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

	2026 (YTD)	2025
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	0.37%	5.33%
CANY.TO Evolve Canadian Equity UltraYield ETF	1.73%	2.37%

Returns By Period

In the year-to-date period, SIXY.TO achieves a 0.37% return, which is significantly lower than CANY.TO's 1.73% return.

SIXY.TO

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

CANY.TO

• 1D: 2.98%
• 1M: -1.92%
• YTD: 1.73%
• 6M: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

SIXY.TO has a 0.60% expense ratio, which is higher than CANY.TO's 0.40% expense ratio.

SIXY.TO

Evolve Big Six Canadian Banks UltraYield Index ETF

CANY.TO

Evolve Canadian Equity UltraYield ETF

Return for Risk

SIXY.TO vs. CANY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO) and Evolve Canadian Equity UltraYield ETF (CANY.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.

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

Sharpe Ratios by Period

	SIXY.TO	CANY.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.83	+0.25

Correlation

The correlation between SIXY.TO and CANY.TO is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SIXY.TO vs. CANY.TO - Dividend Comparison

SIXY.TO's dividend yield for the trailing twelve months is around 5.76%, less than CANY.TO's 11.28% yield.

	TTM	2025
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	5.76%	1.59%
CANY.TO Evolve Canadian Equity UltraYield ETF	11.28%	5.87%

Drawdowns

SIXY.TO vs. CANY.TO - Drawdown Comparison

The maximum SIXY.TO drawdown since its inception was -9.64%, which is greater than CANY.TO's maximum drawdown of -8.34%. Use the drawdown chart below to compare losses from any high point for SIXY.TO and CANY.TO.

Drawdown Indicators

	SIXY.TO	CANY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.64%	-8.34%	-1.30%
Current Drawdown Current decline from peak	-7.31%	-3.83%	-3.48%
Average Drawdown Average peak-to-trough decline	-2.19%	-2.48%	+0.29%

Volatility

Volatility by Period

	SIXY.TO	CANY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	18.03%	-0.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.71%	18.03%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.71%	18.03%	-0.32%