DIVS.TO vs. EARN.TO

Last updated Jul 25, 2026

DIVS.TO (Evolve Active Canadian Preferred Share Fund) and EARN.TO (Evolve Active Global Fixed Income Fund) are both exchange-traded funds - DIVS.TO is a Actively Managed fund actively managed by Evolve Funds Group Inc., while EARN.TO is a Global Corporate Bonds fund actively managed by Evolve Funds Group Inc.. Both are actively managed. Over the past 5 years, DIVS.TO returned 6.01%/yr vs 2.47%/yr for EARN.TO. At a 0.08 correlation, their price movements are largely independent.

Performance

DIVS.TO vs. EARN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Active Canadian Preferred Share Fund (DIVS.TO) and Evolve Active Global Fixed Income Fund (EARN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVS.TO achieves a 5.28% return, which is significantly higher than EARN.TO's -1.84% return.

DIVS.TO

• 1D: -0.38%
• 1M: 1.93%
• 6M: 5.70%
• YTD: 5.28%
• 1Y: 12.28%
• 3Y*: 15.03%
• 5Y*: 6.01%
• 10Y*: —
• ALL TIME*: 4.02%

EARN.TO

• 1D: -0.33%
• 1M: -0.44%
• 6M: -1.08%
• YTD: -1.84%
• 1Y: 1.35%
• 3Y*: 4.66%
• 5Y*: 2.47%
• 10Y*: —
• ALL TIME*: 2.61%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVS.TO Evolve Active Canadian Preferred Share Fund	CA$83.46K	CA$44.26K	CA$19.33K
EARN.TO Evolve Active Global Fixed Income Fund	CA$3.29K	CA$5.70K	CA$6.26K

DIVS.TO vs. EARN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DIVS.TO Evolve Active Canadian Preferred Share Fund	5.28%	14.45%	20.78%	5.70%	-15.55%	19.87%	-1.19%	-1.14%	-10.26%
EARN.TO Evolve Active Global Fixed Income Fund	-1.84%	4.52%	6.66%	7.74%	-3.86%	0.88%	0.87%	6.88%	-1.14%

Correlation

The correlation between DIVS.TO and EARN.TO is 0.08, 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 (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018	0.08

Return for Risk

DIVS.TO vs. EARN.TO — Risk / Return Rank

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

DIVS.TO

DIVS.TO Risk / Return Rank: 94
DIVS.TO Sharpe Ratio Rank: 91
DIVS.TO Sortino Ratio Rank: 93
DIVS.TO Omega Ratio Rank: 94
DIVS.TO Calmar Ratio Rank: 95
DIVS.TO Martin Ratio Rank: 96

EARN.TO

EARN.TO Risk / Return Rank: 20
EARN.TO Sharpe Ratio Rank: 21
EARN.TO Sortino Ratio Rank: 19
EARN.TO Omega Ratio Rank: 20
EARN.TO Calmar Ratio Rank: 20
EARN.TO Martin Ratio Rank: 20

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.

DIVS.TO vs. EARN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Active Canadian Preferred Share Fund (DIVS.TO) and Evolve Active Global Fixed Income Fund (EARN.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DIVS.TO	EARN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.28	0.43	+1.85
Sortino ratio: Return per unit of downside risk	3.43	0.62	+2.81
Omega ratio: Gain probability vs. loss probability	1.52	1.08	+0.44
Calmar ratio: Return relative to maximum drawdown	5.59	0.48	+5.11
Martin ratio: Return relative to average drawdown	21.54	1.16	+20.38

DIVS.TO vs. EARN.TO - Sharpe Ratio Comparison

The current DIVS.TO Sharpe Ratio is 2.28, which is higher than the EARN.TO Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of DIVS.TO and EARN.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.

Drawdowns

DIVS.TO vs. EARN.TO - Drawdown Comparison

The maximum DIVS.TO drawdown since its inception was -49.95%, which is greater than EARN.TO's maximum drawdown of -15.52%. Use the drawdown chart below to compare losses from any high point for DIVS.TO and EARN.TO.

Drawdown Indicators

	DIVS.TO	EARN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.95%	-15.52%	-34.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.21%	-2.81%	+0.60%
Max Drawdown (3Y) Largest decline over 3 years	-6.50%	-2.81%	-3.69%
Max Drawdown (5Y) Largest decline over 5 years	-19.80%	-7.96%	-11.84%
Current Drawdown Current decline from peak	-0.76%	-1.84%	+1.08%
Average Drawdown Average peak-to-trough decline	-9.00%	-1.65%	-7.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.57%	1.17%	-0.60%

Volatility

DIVS.TO vs. EARN.TO - Volatility Comparison

Evolve Active Canadian Preferred Share Fund (DIVS.TO) has a higher volatility of 1.46% compared to Evolve Active Global Fixed Income Fund (EARN.TO) at 0.69%. This indicates that DIVS.TO's price experiences larger fluctuations and is considered to be riskier than EARN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVS.TO	EARN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.46%	0.69%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	4.04%	2.10%	+1.94%
Volatility (1Y) Calculated over the trailing 1-year period	5.41%	3.14%	+2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.65%	3.76%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.79%	4.66%	+8.13%

Dividends

DIVS.TO vs. EARN.TO - Dividend Comparison

DIVS.TO's dividend yield for the trailing twelve months is around 4.94%, more than EARN.TO's 3.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVS.TO Evolve Active Canadian Preferred Share Fund	4.94%	4.92%	5.30%	5.89%	5.87%	4.70%	5.37%	5.00%	4.70%	0.68%
EARN.TO Evolve Active Global Fixed Income Fund	3.88%	3.61%	3.51%	3.14%	3.28%	3.05%	2.99%	2.68%	0.27%	0.00%

Frequently Asked Questions

Can I hold both DIVS.TO and EARN.TO in my portfolio?

DIVS.TO and EARN.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between DIVS.TO and EARN.TO?

DIVS.TO is categorized as Actively Managed, while EARN.TO is Global Corporate Bonds.