EDGE.TO vs. XEXP.TO
EDGE.TO (Evolve Innovation Index Fund) and XEXP.TO (iShares Exponential Technologies Index ETF) are both Technology Equities funds - EDGE.TO tracks the Solactive Global Innovation Index while XEXP.TO tracks the Morningstar Exponential Technologies Index. Both are passively managed. Over the past 3 years, EDGE.TO returned 14.86%/yr vs 12.67%/yr for XEXP.TO. At a 0.44 correlation, their price movements are largely independent. EDGE.TO charges 0.67%/yr vs 0.44%/yr for XEXP.TO.
Performance
EDGE.TO vs. XEXP.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 XEXP.TO's 16.68% 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%
XEXP.TO
- 1D
- 0.04%
- 1M
- -2.55%
- 6M
- 12.85%
- YTD
- 16.68%
- 1Y
- 16.27%
- 3Y*
- 12.67%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.14%
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$35.64K | CA$60.92K | CA$46.45K |
EDGE.TO vs. XEXP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EDGE.TO Evolve Innovation Index Fund | 12.54% | 11.95% | 17.11% | 25.65% | -16.31% |
XEXP.TO iShares Exponential Technologies Index ETF | 16.68% | 7.70% | 9.27% | 24.40% | -2.31% |
Correlation
The correlation between EDGE.TO and XEXP.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 31, 2022 | 0.44 |
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Return for Risk
EDGE.TO vs. XEXP.TO — Risk / Return Rank
EDGE.TO
XEXP.TO
EDGE.TO vs. XEXP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Innovation Index Fund (EDGE.TO) and iShares Exponential Technologies Index ETF (XEXP.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 | XEXP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 0.96 | -0.31 |
| Martin ratioReturn relative to average drawdown | 1.55 | 2.41 | -0.85 |
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Drawdowns
EDGE.TO vs. XEXP.TO - Drawdown Comparison
The maximum EDGE.TO drawdown since its inception was -39.86%, which is greater than XEXP.TO's maximum drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for EDGE.TO and XEXP.TO.
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Drawdown Indicators
| EDGE.TO | XEXP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -22.44% | -17.42% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -16.93% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -21.92% | -22.44% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -39.86% | — | — |
Current DrawdownCurrent decline from peak | -9.10% | -6.10% | -3.00% |
Average DrawdownAverage peak-to-trough decline | -12.84% | -4.38% | -8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.77% | 6.78% | +0.99% |
Volatility
EDGE.TO vs. XEXP.TO - Volatility Comparison
Evolve Innovation Index Fund (EDGE.TO) has a higher volatility of 6.75% compared to iShares Exponential Technologies Index ETF (XEXP.TO) at 4.55%. This indicates that EDGE.TO's price experiences larger fluctuations and is considered to be riskier than XEXP.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 | XEXP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 4.55% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 17.69% | 12.64% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.69% | 19.43% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 19.14% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 19.14% | +4.53% |
EDGE.TO vs. XEXP.TO - Expense Ratio Comparison
EDGE.TO has a 0.67% expense ratio, which is higher than XEXP.TO's 0.44% expense ratio.
Dividends
EDGE.TO vs. XEXP.TO - Dividend Comparison
EDGE.TO's dividend yield for the trailing twelve months is around 0.44%, less than XEXP.TO's 0.77% 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% |
XEXP.TO iShares Exponential Technologies Index ETF | 0.77% | 0.69% | 0.80% | 0.63% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDGE.TO and XEXP.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEXP.TO is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEXP.TO is cheaper with a 0.44% expense ratio, compared with 0.67% for EDGE.TO.
EDGE.TO tracks Solactive Global Innovation Index, while XEXP.TO tracks Morningstar Exponential Technologies Index. They also come from different issuers: Evolve Funds Group Inc. and iShares. Their fees differ too: 0.67% for EDGE.TO and 0.44% for XEXP.TO.
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