TECH.TO vs. BASE.TO

Last updated Jun 4, 2026

TECH.TO (Evolve FANGMA Index ETF Hedged CAD) and BASE.TO (Evolve Global Materials & Mining Enhanced Yield Index ETF) are both exchange-traded funds - TECH.TO is a Technology Equities fund tracking the Solactive FANGMA Equal Weight Index, while BASE.TO is a Materials fund tracking the Solactive Materials & Mining. Both are passively managed. Over the past 5 years, TECH.TO returned 15.36%/yr vs 8.92%/yr for BASE.TO. At a 0.28 correlation, their price movements are largely independent. TECH.TO charges 0.40%/yr vs 0.00%/yr for BASE.TO.

Performance

TECH.TO vs. BASE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve FANGMA Index ETF Hedged CAD (TECH.TO) and Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TECH.TO achieves a 0.77% return, which is significantly lower than BASE.TO's 29.75% return.

TECH.TO

• 1D: -1.32%
• 1M: -1.50%
• YTD: 0.77%
• 6M: -1.50%
• 1Y: 16.16%
• 3Y*: 24.88%
• 5Y*: 15.36%
• 10Y*: —

BASE.TO

• 1D: -0.88%
• 1M: 6.77%
• YTD: 29.75%
• 6M: 33.42%
• 1Y: 59.98%
• 3Y*: 18.08%
• 5Y*: 8.92%
• 10Y*: —

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

TECH.TO vs. BASE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TECH.TO Evolve FANGMA Index ETF Hedged CAD	0.77%	18.22%	40.26%	80.38%	-43.52%	20.13%
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF	29.75%	30.33%	-13.56%	17.50%	-4.63%	-5.90%

Correlation

The correlation between TECH.TO and BASE.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 7, 2021	0.28

TECH.TO vs. BASE.TO - Sectors Allocation Comparison

Sectors	TECH.TO	BASE.TO
Communication Services	49.7%	-
Technology	32.8%	-
Consumer Cyclical	17.5%	-
Basic Materials	-	90.4%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	9.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

TECH.TO vs. BASE.TO — Risk / Return Rank

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

TECH.TO

TECH.TO Risk / Return Rank: 24
TECH.TO Sharpe Ratio Rank: 25
TECH.TO Sortino Ratio Rank: 26
TECH.TO Omega Ratio Rank: 25
TECH.TO Calmar Ratio Rank: 22
TECH.TO Martin Ratio Rank: 24

BASE.TO

BASE.TO Risk / Return Rank: 79
BASE.TO Sharpe Ratio Rank: 83
BASE.TO Sortino Ratio Rank: 75
BASE.TO Omega Ratio Rank: 75
BASE.TO Calmar Ratio Rank: 77
BASE.TO Martin Ratio Rank: 82

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.

TECH.TO vs. BASE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve FANGMA Index ETF Hedged CAD (TECH.TO) and Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.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.

	TECH.TO	BASE.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.71	-1.78
Sortino ratio: Return per unit of downside risk	1.43	3.38	-1.96
Omega ratio: Gain probability vs. loss probability	1.17	1.45	-0.28
Calmar ratio: Return relative to maximum drawdown	0.98	3.85	-2.87
Martin ratio: Return relative to average drawdown	3.13	16.44	-13.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TECH.TO vs. BASE.TO - Sharpe Ratio Comparison

The current TECH.TO Sharpe Ratio is 0.93, which is lower than the BASE.TO Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of TECH.TO and BASE.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TECH.TO	BASE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	2.71	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.39	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.59	-0.01

Drawdowns

TECH.TO vs. BASE.TO - Drawdown Comparison

The maximum TECH.TO drawdown since its inception was -47.92%, which is greater than BASE.TO's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for TECH.TO and BASE.TO.

Drawdown Indicators

	TECH.TO	BASE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-47.92%	-33.43%	-14.49%
Max Drawdown (1Y) Largest decline over 1 year	-16.59%	-15.68%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-24.13%	-24.11%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	-47.92%	-33.43%	-14.49%
Current Drawdown Current decline from peak	-4.31%	-0.99%	-3.32%
Average Drawdown Average peak-to-trough decline	-12.32%	-9.31%	-3.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	3.66%	+1.51%

Volatility

TECH.TO vs. BASE.TO - Volatility Comparison

The current volatility for Evolve FANGMA Index ETF Hedged CAD (TECH.TO) is 4.24%, while Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) has a volatility of 7.55%. This indicates that TECH.TO experiences smaller price fluctuations and is considered to be less risky than BASE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECH.TO	BASE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	7.55%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	17.54%	-4.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.45%	22.27%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.44%	23.01%	+3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.37%	26.37%	0.00%

TECH.TO vs. BASE.TO - Expense Ratio Comparison

TECH.TO has a 0.40% expense ratio, which is higher than BASE.TO's 0.00% expense ratio.

Dividends

TECH.TO vs. BASE.TO - Dividend Comparison

TECH.TO's dividend yield for the trailing twelve months is around 0.12%, less than BASE.TO's 7.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BASE.TO Evolve Global Materials & Mining Enhanced Yield Index ETF	7.85%	9.55%	11.20%	8.80%	8.96%	5.95%	4.67%	2.88%
TECH.TO Evolve FANGMA Index ETF Hedged CAD	0.12%	0.12%	0.14%	0.20%	0.35%	0.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TECH.TO and BASE.TO in my portfolio?

TECH.TO and BASE.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TECH.TO or BASE.TO?

On fees, BASE.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TECH.TO or BASE.TO?

BASE.TO is cheaper with a 0.00% expense ratio, compared with 0.40% for TECH.TO.

What is the main difference between TECH.TO and BASE.TO?

TECH.TO is categorized as Technology Equities, while BASE.TO is Materials. TECH.TO tracks Solactive FANGMA Equal Weight Index, while BASE.TO tracks Solactive Materials & Mining. Their fees differ too: 0.40% for TECH.TO and 0.00% for BASE.TO.