Evolve Big Six Canadian Banks UltraYield Index ETF SIXYTSX

SIXY holds an equal-weighted portfolio of Canada's Big Six banks, a concentrated bet on the country's dominant lenders. It writes covered calls on about half the portfolio and uses up to 33% leverage to push income higher, then pays cash distributions twice a month. The trade-off is real. Option premiums can limit upside, while borrowing magnifies losses. This is a more aggressive Canadian bank income ETF, not a quiet core holding.