Evolve Automobile Innovation Index Fund - Hedged Units (CARS.TO) ETF Analysis

Fund Overview

Evolve Automobile Innovation Index Fund - Hedged Units (CARS.TO) is an exchange-traded fund. Annual costs run at an expense ratio of 0.4%. On a CA$10,000 position that is CA$40.00 a year. Evolve Funds Group Inc is the fund family on file. The inception date on file is November 1, 2017.

Its biggest positions are Gentherm Inc Class A (THRM), Li Auto Inc ADR (LI), and Ambarella Inc (AMBA). Gentherm Inc Class A alone accounts for 2.26% of the portfolio. The ten largest positions together make up 19.99% of the fund.

Performance Analysis

CARS.TO last closed at CA$26.09 on September 4, 2026. The trailing one-year price return is +12.87%. Measured over 5 years, that is −11.50% a year compounded. The trailing distribution yield is 1.01%.

So far in 2026 the price is +1.60%. The strongest complete calendar year on file is 2020 at +97.73%; the weakest is 2022 at −49.72%. Of the 7 complete calendar years on file, 4 finished higher.

Price & Risk Profile

The 52-week range on file runs from CA$23.81 to CA$38.34. The latest close sits 9.58% above that 52-week low. Annualized volatility over the trailing 8 years is 35.75%. Beta against the wider market is reported at 2.13. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.