CARS.TO
Evolve Automobile Innovation Index Fund
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 25.0 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
| Inception date | Sep 29, 2017 |
| Regulation | |
| Fund Website | link... |
| Distributions | |
| Currency | CAD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CERES POWER HOLDINGS PLC | 3.5 % |
| NAVITAS SEMICONDUCTOR CORPORATION | 3.5 % |
| ENERGY VAULT HOLDINGS, INC. | 2.9 % |
| ADVANCED MICRO DEVICES | 2.8 % |
| SITIME CORPORATION | 2.8 % |
| INTEL CORP | 2.7 % |
| BLOOM ENERGY CORPORATION CLASS A | 2.7 % |
| FLUENCE ENERGY INC CLASS A | 2.6 % |
| STMICROELECTRONICS NV | 2.5 % |
| AMBARELLA INC | 2.4 % |
Constituent Breakdown
| Number of holdings | 90 |
| Herfindahl-Hirschman Index | 201 |
| Wgt avg mkt cap (mns) | $134,798 |
| Large cap (>$10bn) | 31.6% |
| Mid cap ($2-10bn) | 28.5% |
| Small cap (<$2bn) | 20.6% |
| Developed mkts. | 75.0% |
| Emerging mkts. | 8.4% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 55.1 % |
 |
CHINA | 8.4 % |
 |
BRITAIN | 5.7 % |
 |
JAPAN | 3.1 % |
 |
GERMANY | 3.1 % |
 |
FRANCE | 3.1 % |
 |
SWITZERLAND | 2.5 % |
 |
IRELAND | 1.4 % |
 |
HONG KONG | 1.2 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 42.0% | 83.9% | 31.3% | 11.9% | -5.4% | -- | -- | 6.4% |
| Dividend Yield | 0.5% | 1.7% | 1.5% | 1.3% | 0.9% | -- | -- | 1.2% |
| Total Returns | 42.5% | 85.6% | 32.8% | 13.2% | -4.5% | -- | -- | 7.6% | Ann. Volatility | 34.8% | 32.0% | 32.8% | 31.8% | 35.3% | -- | -- | 34.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.41 | 27% |
| MSCI EAFE | 0.82 | 15% |
| MSCI Emg Mkts | 0.83 | 26% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $33.71 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 1.78/1.74 |
| Bollinger Bands (Upper/Lower) | $38.65/$31.11 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CARS.TO |
Expenses vs. CARS.TO |
ALTAR Score™ vs. CARS.TO |
|---|---|---|---|---|
| XDRV.TO | iShares Global Electric and Autonomous Vehicles Index ETF | 14.7% | -1 bp | +2.5% |
| XCHP.TO | iShares Semiconductor Index ETF | 13.6% | -40 bp | +1.8% |
| HBGD.TO | Global X Big Data & Hardware Index ETF | 11.8% | +5 bp | +1.8% |
| QQQX.TO | Global X Nasdaq-100 Index ETF | 11.6% | -25 bp | +5.3% |
| XQQU.TO | iShares NASDAQ 100 Index ETF | 11.6% | -5 bp | +5.1% |
| ZNQ.TO | BMO Nasdaq 100 Equity Index ETF | 11.6% | -5 bp | +5.1% |
| QQQQ.TO | Mackenzie NASDAQ 100 Index ETF | 11.6% | -15 bp | +5.2% |
| ZQQ.TO | BMO Nasdaq 100 Equity Hedged To CAD Index ETF | 11.5% | -5 bp | +5.1% |
| XQQ.TO | iShares NASDAQ 100 Index ETF (CAD-Hedged) | 11.5% | -5 bp | +5.1% |
| QQEQ.TO | Invesco NASDAQ 100 Equal Weight Index ETF | 11.4% | -15 bp | +5.5% |
Risk and Returns: CARS.TO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates (CAD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
Sample data. Subscribe for access.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
-1.8%
ALTAR SCORE™
1st
PERCENTILE
AVOID
ETFRC RATING
There are 726 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. CARS.TO's ALTAR Score™ is approximately -2.3 standard
deviations above the category average. This places CARS.TO in the 1st percentile
among funds in the category.
Sell-Side Consensus
$37.36
PRICE TARGET
-2.1%
UPSIDE