SLJY vs. OILY.TO

Last updated Jul 21, 2026

SLJY (Amplify SILJ Covered Call ETF) and OILY.TO (Evolve Canadian Energy Enhanced Yield Index Fund ETF) are both exchange-traded funds - SLJY is a Derivative Income fund actively managed by Amplify, while OILY.TO is a Energy Equities fund tracking the Solactive Canada Energy Top 10 Index. SLJY is actively managed, while OILY.TO is passively managed. At a correlation of -0.06, they often move in opposite directions. SLJY charges 0.75%/yr vs 0.60%/yr for OILY.TO.

Performance

SLJY vs. OILY.TO - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SLJY achieves a -10.91% return, which is significantly lower than OILY.TO's 30.35% return.

SLJY

• 1D: -0.25%
• 1M: -11.40%
• 6M: -23.95%
• YTD: -10.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

OILY.TO

• 1D: 0.57%
• 1M: 8.20%
• 6M: 26.44%
• YTD: 30.35%
• 1Y: 44.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.36%

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

SLJY vs. OILY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	-10.91%	42.11%
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	30.35%	10.85%

Correlation

The correlation between SLJY and OILY.TO is -0.06, 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 19, 2025	-0.06

Return for Risk

SLJY vs. OILY.TO — Risk / Return Rank

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

SLJY

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

OILY.TO

OILY.TO Risk / Return Rank: 82
OILY.TO Sharpe Ratio Rank: 89
OILY.TO Sortino Ratio Rank: 84
OILY.TO Omega Ratio Rank: 83
OILY.TO Calmar Ratio Rank: 79
OILY.TO Martin Ratio Rank: 76

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.

SLJY vs. OILY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) and Evolve Canadian Energy Enhanced Yield Index Fund ETF (OILY.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SLJY	OILY.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	2.05	—
Sortino ratio: Return per unit of downside risk	—	2.64	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.43	—
Martin ratio: Return relative to average drawdown	—	8.65	—

Drawdowns

SLJY vs. OILY.TO - Drawdown Comparison

The maximum SLJY drawdown since its inception was -35.19%, which is greater than OILY.TO's maximum drawdown of -22.48%. Use the drawdown chart below to compare losses from any high point for SLJY and OILY.TO.

Drawdown Indicators

	SLJY	OILY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-35.19%	-22.48%	-12.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.35%	—
Current Drawdown Current decline from peak	-35.19%	-6.51%	-28.68%
Average Drawdown Average peak-to-trough decline	-12.33%	-4.38%	-7.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.15%	—

Volatility

Volatility by Period

	SLJY	OILY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	49.47%	21.76%	+27.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.47%	26.12%	+23.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.47%	26.12%	+23.35%

SLJY vs. OILY.TO - Expense Ratio Comparison

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

Dividends

SLJY vs. OILY.TO - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 22.85%, more than OILY.TO's 13.31% yield.

Position	TTM	2025
OILY.TO Evolve Canadian Energy Enhanced Yield Index Fund ETF	13.31%	11.50%
SLJY Amplify SILJ Covered Call ETF	22.85%	6.26%

Frequently Asked Questions

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

SLJY and OILY.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SLJY or OILY.TO?

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, SLJY or OILY.TO?

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

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

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