YCST.NEO vs. CANY.TO
YCST.NEO (Costco (COST) Yield Shares Purpose ETF) and CANY.TO (Evolve Canadian Equity UltraYield ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. Both charge a 0.40% expense ratio.
Performance
YCST.NEO vs. CANY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YCST.NEO achieves a 12.72% return, which is significantly higher than CANY.TO's 10.38% return.
YCST.NEO
- 1D
- 0.77%
- 1M
- -5.63%
- YTD
- 12.72%
- 6M
- 5.30%
- 1Y
- -7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CANY.TO
- 1D
- -1.47%
- 1M
- 3.35%
- YTD
- 10.38%
- 6M
- 12.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YCST.NEO vs. CANY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 12.72% | -8.90% |
CANY.TO Evolve Canadian Equity UltraYield ETF | 10.38% | 5.75% |
Correlation
The correlation between YCST.NEO and CANY.TO is -0.07, 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 Sep 19, 2025 | -0.07 |
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Return for Risk
YCST.NEO vs. CANY.TO — Risk / Return Rank
YCST.NEO
CANY.TO
YCST.NEO vs. CANY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Costco (COST) Yield Shares Purpose ETF (YCST.NEO) 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.
| YCST.NEO | CANY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.95 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | — | — |
| Martin ratioReturn relative to average drawdown | -0.81 | — | — |
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
| YCST.NEO | CANY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 1.42 | -1.60 |
Drawdowns
YCST.NEO vs. CANY.TO - Drawdown Comparison
The maximum YCST.NEO drawdown since its inception was -19.70%, 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 YCST.NEO and CANY.TO.
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Drawdown Indicators
| YCST.NEO | CANY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -8.34% | -11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -19.54% | — | — |
Current DrawdownCurrent decline from peak | -12.62% | -1.47% | -11.15% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -2.13% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.91% | — | — |
Volatility
YCST.NEO vs. CANY.TO - Volatility Comparison
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Volatility by Period
| YCST.NEO | CANY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.33% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.54% | 17.38% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.22% | 17.38% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 17.38% | +7.84% |
YCST.NEO vs. CANY.TO - Expense Ratio Comparison
Both YCST.NEO and CANY.TO have an expense ratio of 0.40%.
Dividends
YCST.NEO vs. CANY.TO - Dividend Comparison
YCST.NEO's dividend yield for the trailing twelve months is around 14.01%, which matches CANY.TO's 14.06% yield.
| Position | TTM | 2025 |
|---|---|---|
CANY.TO Evolve Canadian Equity UltraYield ETF | 14.06% | 5.87% |
YCST.NEO Costco (COST) Yield Shares Purpose ETF | 14.01% | 10.21% |
Frequently Asked Questions
YCST.NEO and CANY.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
YCST.NEO and CANY.TO have the same expense ratio: 0.40% per year.
They also come from different issuers: Purpose Investments and Evolve.
Find the right allocation for YCST.NEO and CANY.TO
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