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DIVS.TO vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DIVS.TO vs. SPY

Last updated Apr 5, 2026

Compare and contrast key facts about Evolve Active Canadian Preferred Share Fund (DIVS.TO) and State Street SPDR S&P 500 ETF (SPY).

DIVS.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.

Performance

DIVS.TO vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

DIVS.TO is traded in CAD, while SPY is traded in USD. To make them comparable, the SPY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DIVS.TO achieves a 0.01% return, which is significantly higher than SPY's -2.18% return.

DIVS.TO

1D
0.17%
1M
-0.70%
YTD
0.01%
6M
4.09%
1Y
15.05%
3Y*
15.83%
5Y*
11.32%
10Y*
—

SPY

1D
0.41%
1M
0.39%
YTD
-2.18%
6M
-1.63%
1Y
28.44%
3Y*
19.77%
5Y*
14.23%
10Y*
14.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DIVS.TO vs. SPY - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DIVS.TO
Evolve Active Canadian Preferred Share Fund		0.01%14.93%24.96%12.11%-7.19%26.99%-1.19%-1.14%-12.33%
SPY
State Street SPDR S&P 500 ETF		-2.18%12.32%35.62%23.40%-12.34%27.57%16.33%24.77%1.57%

Correlation

The correlation between DIVS.TO and SPY is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.

DIVS.TO vs. SPY - Expense Ratio Comparison

SPY
State Street SPDR S&P 500 ETF

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Evolve Active Canadian Preferred Share Fund

State Street SPDR S&P 500 ETF

Often compared with DIVS.TO:
DIVS.TO vs. XEQT.TODIVS.TO vs. ZSP.TODIVS.TO vs. XLPDIVS.TO vs. CPD.TODIVS.TO vs. LBS.TODIVS.TO vs. VCN.TODIVS.TO vs. WCP.TO
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

DIVS.TO vs. SPY — 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: 8181
Overall Rank
DIVS.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DIVS.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
DIVS.TO Omega Ratio Rank: 9393
Omega Ratio Rank
DIVS.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
DIVS.TO Martin Ratio Rank: 8181
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 5252
Overall Rank
SPY Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 5151
Sortino Ratio Rank
SPY Omega Ratio Rank: 5757
Omega Ratio Rank
SPY Calmar Ratio Rank: 4545
Calmar Ratio Rank
SPY Martin Ratio Rank: 5757
Martin Ratio Rank
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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Active Canadian Preferred Share Fund (DIVS.TO) and State Street SPDR S&P 500 ETF (SPY). 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.

DIVS.TOSPYDifference

Sharpe ratio

Return per unit of total volatility

1.75

0.80

+0.95

Sortino ratio

Return per unit of downside risk

2.33

1.21

+1.12

Omega ratio

Gain probability vs. loss probability

1.44

1.19

+0.25

Calmar ratio

Return relative to maximum drawdown

1.97

1.27

+0.70

Martin ratio

Return relative to average drawdown

10.92

4.71

+6.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVS.TO vs. SPY - Sharpe Ratio Comparison

The current DIVS.TO Sharpe Ratio is 1.75, which is higher than the SPY Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of DIVS.TO and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

DIVS.TOSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.75

0.80

+0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.30

0.94

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.92

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

1.06

-0.61

Drawdowns

DIVS.TO vs. SPY - Drawdown Comparison

The maximum DIVS.TO drawdown since its inception was -49.95%, which is greater than SPY's maximum drawdown of -27.34%. Use the drawdown chart below to compare losses from any high point for DIVS.TO and SPY.

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Drawdown Indicators

DIVS.TOSPYDifference

Max Drawdown

Largest peak-to-trough decline

-49.95%

-55.19%

+5.24%

Max Drawdown (1Y)

Largest decline over 1 year

-4.47%

-8.88%

+4.41%

Max Drawdown (5Y)

Largest decline over 5 years

-16.73%

-24.50%

+7.77%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.72%

—

Current Drawdown

Current decline from peak

-1.42%

-5.44%

+4.02%

Average Drawdown

Average peak-to-trough decline

-7.77%

-9.09%

+1.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.17%

2.57%

-1.40%

Volatility

DIVS.TO vs. SPY - Volatility Comparison

The current volatility for Evolve Active Canadian Preferred Share Fund (DIVS.TO) is 2.50%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.26%. This indicates that DIVS.TO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DIVS.TOSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.50%

5.26%

-2.76%

Volatility (6M)

Calculated over the trailing 6-month period

4.22%

9.59%

-5.37%

Volatility (1Y)

Calculated over the trailing 1-year period

7.12%

18.84%

-11.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.74%

15.15%

-6.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.51%

16.20%

-2.69%

Dividends

DIVS.TO vs. SPY - Dividend Comparison

DIVS.TO's dividend yield for the trailing twelve months is around 5.45%, more than SPY's 1.13% yield.

TTM20252024202320222021202020192018201720162015
DIVS.TO
Evolve Active Canadian Preferred Share Fund		5.45%5.32%8.60%11.61%15.44%10.35%5.37%5.00%4.70%0.00%0.00%0.00%
SPY
State Street SPDR S&P 500 ETF		1.13%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%