EDGE.TO vs. XCHP.TO
EDGE.TO (Evolve Innovation Index Fund) and XCHP.TO (iShares Semiconductor Index ETF) are both exchange-traded funds - EDGE.TO is a Technology Equities fund tracking the Solactive Global Innovation Index, while XCHP.TO is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past year, EDGE.TO returned 12.02% vs 125.65% for XCHP.TO. At a 0.47 correlation, their price movements are largely independent. EDGE.TO charges 0.67%/yr vs 0.39%/yr for XCHP.TO.
Performance
EDGE.TO vs. XCHP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EDGE.TO achieves a 12.54% return, which is significantly lower than XCHP.TO's 79.46% return.
EDGE.TO
- 1D
- -0.33%
- 1M
- -3.20%
- 6M
- 11.39%
- YTD
- 12.54%
- 1Y
- 12.02%
- 3Y*
- 14.86%
- 5Y*
- 4.25%
- 10Y*
- —
- ALL TIME*
- 11.58%
XCHP.TO
- 1D
- -4.37%
- 1M
- -13.43%
- 6M
- 57.16%
- YTD
- 79.46%
- 1Y
- 125.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 52.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EDGE.TO Evolve Innovation Index Fund | CA$27.25K | CA$23.58K | CA$26.33K |
| CA$7.28M | CA$11.12M | CA$9.49M |
EDGE.TO vs. XCHP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EDGE.TO Evolve Innovation Index Fund | 12.54% | 11.95% | 17.11% | 7.36% |
XCHP.TO iShares Semiconductor Index ETF | 79.46% | 32.93% | 21.39% | 15.07% |
Correlation
The correlation between EDGE.TO and XCHP.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023 | 0.47 |
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Return for Risk
EDGE.TO vs. XCHP.TO — Risk / Return Rank
EDGE.TO
XCHP.TO
EDGE.TO vs. XCHP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Innovation Index Fund (EDGE.TO) and iShares Semiconductor Index ETF (XCHP.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.
| EDGE.TO | XCHP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.43 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 5.96 | -5.30 |
| Martin ratioReturn relative to average drawdown | 1.55 | 21.39 | -19.84 |
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Drawdowns
EDGE.TO vs. XCHP.TO - Drawdown Comparison
The maximum EDGE.TO drawdown since its inception was -39.86%, roughly equal to the maximum XCHP.TO drawdown of -39.06%. Use the drawdown chart below to compare losses from any high point for EDGE.TO and XCHP.TO.
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Drawdown Indicators
| EDGE.TO | XCHP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -39.06% | -0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -21.21% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -21.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | — | — |
Current DrawdownCurrent decline from peak | -9.10% | -19.96% | +10.86% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -8.33% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.77% | 5.90% | +1.87% |
Volatility
EDGE.TO vs. XCHP.TO - Volatility Comparison
The current volatility for Evolve Innovation Index Fund (EDGE.TO) is 6.75%, while iShares Semiconductor Index ETF (XCHP.TO) has a volatility of 20.37%. This indicates that EDGE.TO experiences smaller price fluctuations and is considered to be less risky than XCHP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDGE.TO | XCHP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 20.37% | -13.62% |
Volatility (6M)Calculated over the trailing 6-month period | 17.69% | 36.77% | -19.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 42.66% | -21.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 39.22% | -16.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 39.22% | -15.55% |
EDGE.TO vs. XCHP.TO - Expense Ratio Comparison
EDGE.TO has a 0.67% expense ratio, which is higher than XCHP.TO's 0.39% expense ratio.
Dividends
EDGE.TO vs. XCHP.TO - Dividend Comparison
EDGE.TO's dividend yield for the trailing twelve months is around 0.44%, more than XCHP.TO's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EDGE.TO Evolve Innovation Index Fund | 0.44% | 0.36% | 0.53% | 0.06% | 0.08% | 0.05% | 0.06% | 0.09% | 0.09% |
XCHP.TO iShares Semiconductor Index ETF | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDGE.TO and XCHP.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCHP.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCHP.TO is cheaper with a 0.39% expense ratio, compared with 0.67% for EDGE.TO.
EDGE.TO is categorized as Technology Equities, while XCHP.TO is Semiconductors. EDGE.TO tracks Solactive Global Innovation Index, while XCHP.TO tracks NYSE Semiconductor Index. They also come from different issuers: Evolve Funds Group Inc. and iShares. Their fees differ too: 0.67% for EDGE.TO and 0.39% for XCHP.TO.
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