YCST.NEO vs. QQQY.TO

Last updated Jun 4, 2026

YCST.NEO (Costco (COST) Yield Shares Purpose ETF) and QQQY.TO (Evolve NASDAQ Technology Enhanced Yield Index Fund) are both exchange-traded funds - YCST.NEO is a Derivative Income fund actively managed by Purpose Investments, while QQQY.TO is a Nasdaq-100 fund tracking the NASDAQ-100 Technology Sector Adjusted Market-Cap Weighted™ Index. YCST.NEO is actively managed, while QQQY.TO is passively managed. Over the past year, YCST.NEO returned -7.85% vs 52.29% for QQQY.TO. At a correlation of -0.02, they often move in opposite directions. YCST.NEO charges 0.40%/yr vs 0.74%/yr for QQQY.TO.

Performance

YCST.NEO vs. QQQY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Costco (COST) Yield Shares Purpose ETF (YCST.NEO) and Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YCST.NEO achieves a 12.72% return, which is significantly lower than QQQY.TO's 20.66% return.

YCST.NEO

• 1D: 0.77%
• 1M: -5.63%
• YTD: 12.72%
• 6M: 5.30%
• 1Y: -7.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY.TO

• 1D: -0.14%
• 1M: 12.57%
• YTD: 20.66%
• 6M: 19.40%
• 1Y: 52.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YCST.NEO vs. QQQY.TO - Yearly Performance Comparison

	2026 (YTD)	2025
YCST.NEO Costco (COST) Yield Shares Purpose ETF	12.72%	-16.43%
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	20.66%	18.79%

Correlation

The correlation between YCST.NEO and QQQY.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	-0.02

The correlation between YCST.NEO and QQQY.TO shifts across timeframes, from -0.12 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.

Return for Risk

YCST.NEO vs. QQQY.TO — Risk / Return Rank

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

YCST.NEO

YCST.NEO Risk / Return Rank: 5
YCST.NEO Sharpe Ratio Rank: 5
YCST.NEO Sortino Ratio Rank: 5
YCST.NEO Omega Ratio Rank: 5
YCST.NEO Calmar Ratio Rank: 5
YCST.NEO Martin Ratio Rank: 5

QQQY.TO

QQQY.TO Risk / Return Rank: 77
QQQY.TO Sharpe Ratio Rank: 84
QQQY.TO Sortino Ratio Rank: 77
QQQY.TO Omega Ratio Rank: 79
QQQY.TO Calmar Ratio Rank: 70
QQQY.TO Martin Ratio Rank: 72

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.

YCST.NEO vs. QQQY.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 NASDAQ Technology Enhanced Yield Index Fund (QQQY.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	QQQY.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	2.81	-3.19
Sortino ratio: Return per unit of downside risk	-0.41	3.53	-3.94
Omega ratio: Gain probability vs. loss probability	0.95	1.48	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.40	3.52	-3.93
Martin ratio: Return relative to average drawdown	-0.81	13.82	-14.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YCST.NEO vs. QQQY.TO - Sharpe Ratio Comparison

The current YCST.NEO Sharpe Ratio is -0.38, which is lower than the QQQY.TO Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of YCST.NEO and QQQY.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

	YCST.NEO	QQQY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.38	2.81	-3.19
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	0.07	-0.25

Drawdowns

YCST.NEO vs. QQQY.TO - Drawdown Comparison

The maximum YCST.NEO drawdown since its inception was -19.70%, smaller than the maximum QQQY.TO drawdown of -26.27%. Use the drawdown chart below to compare losses from any high point for YCST.NEO and QQQY.TO.

Drawdown Indicators

	YCST.NEO	QQQY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	-26.27%	+6.57%
Max Drawdown (1Y) Largest decline over 1 year	-19.54%	-14.91%	-4.63%
Current Drawdown Current decline from peak	-12.62%	-0.14%	-12.48%
Average Drawdown Average peak-to-trough decline	-8.56%	-4.03%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.91%	3.79%	+6.12%

Volatility

YCST.NEO vs. QQQY.TO - Volatility Comparison

Costco (COST) Yield Shares Purpose ETF (YCST.NEO) has a higher volatility of 10.33% compared to Evolve NASDAQ Technology Enhanced Yield Index Fund (QQQY.TO) at 4.62%. This indicates that YCST.NEO's price experiences larger fluctuations and is considered to be riskier than QQQY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YCST.NEO	QQQY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.33%	4.62%	+5.71%
Volatility (6M) Calculated over the trailing 6-month period	16.64%	14.65%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	20.54%	18.74%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.22%	15,024.21%	-14,998.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.22%	15,024.21%	-14,998.99%

YCST.NEO vs. QQQY.TO - Expense Ratio Comparison

YCST.NEO has a 0.40% expense ratio, which is lower than QQQY.TO's 0.74% expense ratio.

Dividends

YCST.NEO vs. QQQY.TO - Dividend Comparison

YCST.NEO's dividend yield for the trailing twelve months is around 14.01%, more than QQQY.TO's 12.29% yield.

Position	TTM	2025	2024	2023
QQQY.TO Evolve NASDAQ Technology Enhanced Yield Index Fund	12.29%	13.97%	14.09%	2.73%
YCST.NEO Costco (COST) Yield Shares Purpose ETF	14.01%	10.21%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YCST.NEO and QQQY.TO in my portfolio?

YCST.NEO and QQQY.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YCST.NEO or QQQY.TO?

On fees, YCST.NEO is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YCST.NEO or QQQY.TO?

YCST.NEO is cheaper with a 0.40% expense ratio, compared with 0.74% for QQQY.TO.

What is the main difference between YCST.NEO and QQQY.TO?

YCST.NEO is categorized as Derivative Income, while QQQY.TO is Nasdaq-100. They also come from different issuers: Purpose Investments and Evolve. Their fees differ too: 0.40% for YCST.NEO and 0.74% for QQQY.TO.