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EDGE.TO vs. CSPX.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EDGE.TO vs. CSPX.AS

Last updated Jun 5, 2026

EDGE.TO (Evolve Innovation Index Fund) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - EDGE.TO is a fund fund, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, EDGE.TO returned 6.63%/yr vs 16.98%/yr for CSPX.AS. At a 0.44 correlation, their price movements are largely independent.

Performance

EDGE.TO vs. CSPX.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Innovation Index Fund (EDGE.TO) and iShares Core S&P 500 UCITS ETF (CSPX.AS). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

EDGE.TO is traded in CAD, while CSPX.AS is traded in EUR. To make them comparable, the CSPX.AS values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EDGE.TO achieves a 21.34% return, which is significantly higher than CSPX.AS's 11.77% return.

EDGE.TO

1D
-1.11%
1M
13.83%
YTD
21.34%
6M
18.10%
1Y
30.73%
3Y*
19.95%
5Y*
6.63%
10Y*
—

CSPX.AS

1D
0.13%
1M
6.76%
YTD
11.77%
6M
10.77%
1Y
30.02%
3Y*
23.51%
5Y*
16.98%
10Y*
16.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EDGE.TO vs. CSPX.AS - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EDGE.TO
Evolve Innovation Index Fund		21.34%11.95%17.11%25.65%-33.70%12.49%55.36%33.67%-13.78%
CSPX.AS
iShares Core S&P 500 UCITS ETF		11.77%12.56%36.38%23.37%-13.64%29.52%15.27%23.99%1.21%

Correlation

The correlation between EDGE.TO and CSPX.AS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (All Time)
Calculated using the full available price history since May 7, 2018

0.44

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Evolve Innovation Index Fund

iShares Core S&P 500 UCITS ETF

Often compared with EDGE.TO:
EDGE.TO vs. FSELXEDGE.TO vs. TEC.TOEDGE.TO vs. VFV.TOEDGE.TO vs. SCHDEDGE.TO vs. VXC.TOEDGE.TO vs. AMTREDGE.TO vs. AMZN
Often compared with CSPX.AS:
CSPX.AS vs. CSPX.LCSPX.AS vs. VUSA.LCSPX.AS vs. VOOCSPX.AS vs. SPYCSPX.AS vs. CNDX.ASCSPX.AS vs. VUSD.LCSPX.AS vs. SPYL.DE

Return for Risk

EDGE.TO vs. CSPX.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EDGE.TO
EDGE.TO Risk / Return Rank: 4141
Overall Rank
EDGE.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
EDGE.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
EDGE.TO Omega Ratio Rank: 4848
Omega Ratio Rank
EDGE.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
EDGE.TO Martin Ratio Rank: 2929
Martin Ratio Rank
CSPX.AS
CSPX.AS Risk / Return Rank: 7070
Overall Rank
CSPX.AS Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CSPX.AS Sortino Ratio Rank: 6868
Sortino Ratio Rank
CSPX.AS Omega Ratio Rank: 7272
Omega Ratio Rank
CSPX.AS Calmar Ratio Rank: 7272
Calmar Ratio Rank
CSPX.AS Martin Ratio Rank: 7070
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.

EDGE.TO vs. CSPX.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Innovation Index Fund (EDGE.TO) and iShares Core S&P 500 UCITS ETF (CSPX.AS). 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.

EDGE.TOCSPX.ASDifference
Sharpe ratioReturn per unit of total volatility
1.65
2.60

-0.95

Sortino ratioReturn per unit of downside risk
2.30
3.58

-1.28

Omega ratioGain probability vs. loss probability

1.30

1.47

-0.17

Calmar ratioReturn relative to maximum drawdown

1.68

3.77

-2.09

Martin ratioReturn relative to average drawdown

4.13

13.67

-9.54

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

EDGE.TO vs. CSPX.AS - Sharpe Ratio Comparison

The current EDGE.TO Sharpe Ratio is 1.65, which is lower than the CSPX.AS Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of EDGE.TO and CSPX.AS, 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

EDGE.TOCSPX.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.65

2.60

-0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.30

1.15

-0.85

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.06

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

1.06

-0.51

Drawdowns

EDGE.TO vs. CSPX.AS - Drawdown Comparison

The maximum EDGE.TO drawdown since its inception was -39.85%, which is greater than CSPX.AS's maximum drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for EDGE.TO and CSPX.AS.

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Drawdown Indicators

EDGE.TOCSPX.ASDifference

Max Drawdown

Largest peak-to-trough decline

-39.85%

-27.77%

-12.08%

Max Drawdown (1Y)

Largest decline over 1 year

-18.43%

-7.86%

-10.57%

Max Drawdown (3Y)

Largest decline over 3 years

-21.92%

-21.30%

-0.62%

Max Drawdown (5Y)

Largest decline over 5 years

-39.85%

-21.70%

-18.15%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.77%

—

Current Drawdown

Current decline from peak

-1.99%

-0.04%

-1.95%

Average Drawdown

Average peak-to-trough decline

-12.97%

-3.73%

-9.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.46%

2.18%

+5.28%

Volatility

EDGE.TO vs. CSPX.AS - Volatility Comparison

Evolve Innovation Index Fund (EDGE.TO) has a higher volatility of 7.28% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 2.71%. This indicates that EDGE.TO's price experiences larger fluctuations and is considered to be riskier than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EDGE.TOCSPX.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.28%

2.71%

+4.57%

Volatility (6M)

Calculated over the trailing 6-month period

15.33%

7.71%

+7.62%

Volatility (1Y)

Calculated over the trailing 1-year period

18.73%

11.39%

+7.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.37%

14.54%

+7.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.57%

14.99%

+8.58%

Dividends

EDGE.TO vs. CSPX.AS - Dividend Comparison

EDGE.TO's dividend yield for the trailing twelve months is around 0.35%, while CSPX.AS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
CSPX.AS
iShares Core S&P 500 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EDGE.TO
Evolve Innovation Index Fund		0.35%0.36%0.53%0.06%0.08%0.08%0.06%0.09%0.09%

Frequently Asked Questions

EDGE.TO and CSPX.AS have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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