EDGE.TO vs. VXC.TO

Last updated Jun 4, 2026

EDGE.TO (Evolve Innovation Index Fund) and VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) are both exchange-traded funds - EDGE.TO is a fund fund, while VXC.TO is a Global Equities fund tracking the FTSE Global All Cap ex Canada China A Inclusion Index. Over the past 5 years, EDGE.TO returned 6.87%/yr vs 13.65%/yr for VXC.TO. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

EDGE.TO vs. VXC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Innovation Index Fund (EDGE.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDGE.TO achieves a 22.70% return, which is significantly higher than VXC.TO's 13.63% return.

EDGE.TO

• 1D: -0.89%
• 1M: 16.16%
• YTD: 22.70%
• 6M: 19.40%
• 1Y: 32.23%
• 3Y*: 20.40%
• 5Y*: 6.87%
• 10Y*: —

VXC.TO

• 1D: -0.35%
• 1M: 7.19%
• YTD: 13.63%
• 6M: 12.36%
• 1Y: 30.23%
• 3Y*: 21.78%
• 5Y*: 13.65%
• 10Y*: 13.05%

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

EDGE.TO vs. VXC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EDGE.TO Evolve Innovation Index Fund	22.70%	11.95%	17.11%	25.65%	-33.70%	12.49%	55.36%	33.67%	-13.78%
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	13.63%	15.89%	26.06%	19.20%	-13.02%	17.20%	14.13%	20.47%	-5.33%

Correlation

The correlation between EDGE.TO and VXC.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 7, 2018	0.59

The correlation between EDGE.TO and VXC.TO has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

EDGE.TO vs. VXC.TO - Sectors Allocation Comparison

Sectors	EDGE.TO	VXC.TO
Technology	54.3%	31.2%
Communication Services	18.2%	9.0%
Healthcare	9.4%	8.4%
Consumer Cyclical	6.6%	9.1%
Financial Services	5.2%	15.2%
Industrials	4.7%	10.5%
Basic Materials	1.2%	3.0%
Utilities	0.3%	2.8%
Real Estate	0.1%	1.6%
Consumer Defensive	-	4.9%
Energy	-	3.8%

Return for Risk

EDGE.TO vs. VXC.TO — 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: 43
EDGE.TO Sharpe Ratio Rank: 50
EDGE.TO Sortino Ratio Rank: 48
EDGE.TO Omega Ratio Rank: 49
EDGE.TO Calmar Ratio Rank: 36
EDGE.TO Martin Ratio Rank: 30

VXC.TO

VXC.TO Risk / Return Rank: 75
VXC.TO Sharpe Ratio Rank: 75
VXC.TO Sortino Ratio Rank: 75
VXC.TO Omega Ratio Rank: 77
VXC.TO Calmar Ratio Rank: 73
VXC.TO Martin Ratio Rank: 76

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. VXC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Innovation Index Fund (EDGE.TO) and Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.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.

	EDGE.TO	VXC.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.48	-0.75
Sortino ratio: Return per unit of downside risk	2.40	3.45	-1.05
Omega ratio: Gain probability vs. loss probability	1.31	1.47	-0.16
Calmar ratio: Return relative to maximum drawdown	1.76	3.68	-1.93
Martin ratio: Return relative to average drawdown	4.33	14.87	-10.53
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. VXC.TO - Sharpe Ratio Comparison

The current EDGE.TO Sharpe Ratio is 1.73, which is lower than the VXC.TO Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of EDGE.TO and VXC.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.

Sharpe Ratios by Period

	EDGE.TO	VXC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.48	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	1.00	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.84	-0.28

Drawdowns

EDGE.TO vs. VXC.TO - Drawdown Comparison

The maximum EDGE.TO drawdown since its inception was -39.85%, which is greater than VXC.TO's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for EDGE.TO and VXC.TO.

Drawdown Indicators

	EDGE.TO	VXC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.85%	-27.28%	-12.57%
Max Drawdown (1Y) Largest decline over 1 year	-18.43%	-8.24%	-10.19%
Max Drawdown (3Y) Largest decline over 3 years	-21.92%	-16.76%	-5.16%
Max Drawdown (5Y) Largest decline over 5 years	-39.85%	-21.61%	-18.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.28%	—
Current Drawdown Current decline from peak	-0.89%	-0.35%	-0.54%
Average Drawdown Average peak-to-trough decline	-12.97%	-3.89%	-9.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.46%	2.04%	+5.42%

Volatility

EDGE.TO vs. VXC.TO - Volatility Comparison

Evolve Innovation Index Fund (EDGE.TO) has a higher volatility of 7.05% compared to Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) at 3.81%. This indicates that EDGE.TO's price experiences larger fluctuations and is considered to be riskier than VXC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDGE.TO	VXC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.05%	3.81%	+3.24%
Volatility (6M) Calculated over the trailing 6-month period	15.28%	9.86%	+5.42%
Volatility (1Y) Calculated over the trailing 1-year period	18.74%	12.24%	+6.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.37%	13.69%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.57%	15.28%	+8.29%

Dividends

EDGE.TO vs. VXC.TO - Dividend Comparison

EDGE.TO's dividend yield for the trailing twelve months is around 0.35%, less than VXC.TO's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDGE.TO Evolve Innovation Index Fund	0.35%	0.36%	0.53%	0.06%	0.08%	0.08%	0.06%	0.09%	0.09%	0.00%	0.00%	0.00%
VXC.TO Vanguard FTSE Global All Cap ex Canada Index ETF	1.22%	1.39%	1.45%	1.68%	1.82%	1.48%	1.46%	1.80%	1.94%	1.68%	1.85%	1.83%

Frequently Asked Questions

Can I hold both EDGE.TO and VXC.TO in my portfolio?

EDGE.TO and VXC.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.