EARN.TO vs. LEAD.TO
EARN.TO (Evolve Active Global Fixed Income Fund) and LEAD.TO (Evolve Future Leadership Fund) are both exchange-traded funds - EARN.TO is a Global Corporate Bonds fund actively managed by Evolve Funds Group Inc., while LEAD.TO is a Global Equities fund actively managed by Evolve Funds Group Inc.. Both are actively managed. Over the past 5 years, EARN.TO returned 2.47%/yr vs 5.58%/yr for LEAD.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
EARN.TO vs. LEAD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EARN.TO achieves a -1.84% return, which is significantly higher than LEAD.TO's -4.13% return.
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%
LEAD.TO
- 1D
- -1.14%
- 1M
- 1.87%
- 6M
- -0.68%
- YTD
- -4.13%
- 1Y
- -3.93%
- 3Y*
- 18.17%
- 5Y*
- 5.58%
- 10Y*
- —
- ALL TIME*
- 8.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$3.29K | CA$5.70K | CA$6.26K | |
| CA$5.33K | CA$6.18K | CA$7.84K |
EARN.TO vs. LEAD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EARN.TO Evolve Active Global Fixed Income Fund | -1.84% | 4.52% | 6.66% | 7.74% | -3.86% | 0.88% | 2.29% |
LEAD.TO Evolve Future Leadership Fund | -4.13% | 12.13% | 38.23% | 34.98% | -34.79% | 14.98% | 7.95% |
Correlation
The correlation between EARN.TO and LEAD.TO is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.08 |
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Return for Risk
EARN.TO vs. LEAD.TO — Risk / Return Rank
EARN.TO
LEAD.TO
EARN.TO vs. LEAD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Active Global Fixed Income Fund (EARN.TO) and Evolve Future Leadership Fund (LEAD.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.
| EARN.TO | LEAD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.99 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | -0.15 | +0.63 |
| Martin ratioReturn relative to average drawdown | 1.16 | -0.33 | +1.48 |
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Drawdowns
EARN.TO vs. LEAD.TO - Drawdown Comparison
The maximum EARN.TO drawdown since its inception was -15.52%, smaller than the maximum LEAD.TO drawdown of -39.80%. Use the drawdown chart below to compare losses from any high point for EARN.TO and LEAD.TO.
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Drawdown Indicators
| EARN.TO | LEAD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.52% | -39.80% | +24.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -22.65% | +19.84% |
Max Drawdown (3Y)Largest decline over 3 years | -2.81% | -22.65% | +19.84% |
Max Drawdown (5Y)Largest decline over 5 years | -7.96% | -39.80% | +31.84% |
Current DrawdownCurrent decline from peak | -1.84% | -9.30% | +7.46% |
Average DrawdownAverage peak-to-trough decline | -1.65% | -13.81% | +12.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 10.12% | -8.95% |
Volatility
EARN.TO vs. LEAD.TO - Volatility Comparison
The current volatility for Evolve Active Global Fixed Income Fund (EARN.TO) is 0.69%, while Evolve Future Leadership Fund (LEAD.TO) has a volatility of 5.40%. This indicates that EARN.TO experiences smaller price fluctuations and is considered to be less risky than LEAD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EARN.TO | LEAD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 5.40% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 14.99% | -12.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 18.57% | -15.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.76% | 21.80% | -18.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 21.02% | -16.36% |
Dividends
EARN.TO vs. LEAD.TO - Dividend Comparison
EARN.TO's dividend yield for the trailing twelve months is around 3.88%, less than LEAD.TO's 11.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
LEAD.TO Evolve Future Leadership Fund | 11.67% | 9.21% | 5.84% | 7.25% | 9.02% | 5.44% | 1.48% | 0.00% | 0.00% |
Frequently Asked Questions
EARN.TO and LEAD.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EARN.TO is categorized as Global Corporate Bonds, while LEAD.TO is Global Equities.
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