EVO.TO vs. NSCE.TO

Last updated Jun 4, 2026

EVO.TO (Evovest Global Equity ETF) and NSCE.TO (NBI Sustainable Canadian Equity ETF) are both exchange-traded funds - EVO.TO is a Global Equities fund actively managed by National Bank Investments, while NSCE.TO is a Sustainable fund actively managed by National Bank Investments. Both are actively managed. Over the past year, EVO.TO returned 10.06% vs -0.65% for NSCE.TO. At a 0.49 correlation, their price movements are largely independent. EVO.TO charges 1.15%/yr vs 0.64%/yr for NSCE.TO.

Performance

EVO.TO vs. NSCE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evovest Global Equity ETF (EVO.TO) and NBI Sustainable Canadian Equity ETF (NSCE.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVO.TO achieves a 8.74% return, which is significantly higher than NSCE.TO's 3.50% return.

EVO.TO

• 1D: 0.33%
• 1M: 3.77%
• YTD: 8.74%
• 6M: -0.44%
• 1Y: 10.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NSCE.TO

• 1D: 0.50%
• 1M: 3.08%
• YTD: 3.50%
• 6M: 0.75%
• 1Y: -0.65%
• 3Y*: 13.01%
• 5Y*: 10.05%
• 10Y*: —

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

EVO.TO vs. NSCE.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVO.TO Evovest Global Equity ETF	8.74%	14.20%	6.29%
NSCE.TO NBI Sustainable Canadian Equity ETF	3.50%	7.84%	10.59%

Correlation

The correlation between EVO.TO and NSCE.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Apr 1, 2024	0.49

Return for Risk

EVO.TO vs. NSCE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVO.TO

EVO.TO Risk / Return Rank: 21
EVO.TO Sharpe Ratio Rank: 20
EVO.TO Sortino Ratio Rank: 19
EVO.TO Omega Ratio Rank: 23
EVO.TO Calmar Ratio Rank: 20
EVO.TO Martin Ratio Rank: 21

NSCE.TO

NSCE.TO Risk / Return Rank: 8
NSCE.TO Sharpe Ratio Rank: 9
NSCE.TO Sortino Ratio Rank: 8
NSCE.TO Omega Ratio Rank: 8
NSCE.TO Calmar Ratio Rank: 8
NSCE.TO Martin Ratio Rank: 8

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.

EVO.TO vs. NSCE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evovest Global Equity ETF (EVO.TO) and NBI Sustainable Canadian Equity ETF (NSCE.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.

	EVO.TO	NSCE.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.65	-0.06	+0.71
Sortino ratio: Return per unit of downside risk	0.92	-0.01	+0.92
Omega ratio: Gain probability vs. loss probability	1.15	1.00	+0.15
Calmar ratio: Return relative to maximum drawdown	0.86	-0.07	+0.93
Martin ratio: Return relative to average drawdown	2.48	-0.15	+2.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVO.TO vs. NSCE.TO - Sharpe Ratio Comparison

The current EVO.TO Sharpe Ratio is 0.65, which is higher than the NSCE.TO Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of EVO.TO and NSCE.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

	EVO.TO	NSCE.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	-0.06	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.10	+0.71

Drawdowns

EVO.TO vs. NSCE.TO - Drawdown Comparison

The maximum EVO.TO drawdown since its inception was -12.72%, smaller than the maximum NSCE.TO drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for EVO.TO and NSCE.TO.

Drawdown Indicators

	EVO.TO	NSCE.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.72%	-16.43%	+3.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.77%	-9.52%	-2.25%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.52%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.84%	—
Current Drawdown Current decline from peak	-1.51%	-1.90%	+0.39%
Average Drawdown Average peak-to-trough decline	-2.42%	-2.34%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	4.31%	-0.25%

Volatility

EVO.TO vs. NSCE.TO - Volatility Comparison

Evovest Global Equity ETF (EVO.TO) has a higher volatility of 3.45% compared to NBI Sustainable Canadian Equity ETF (NSCE.TO) at 3.25%. This indicates that EVO.TO's price experiences larger fluctuations and is considered to be riskier than NSCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVO.TO	NSCE.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	3.25%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	8.96%	+4.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	10.94%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	11.64%	+5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	805.21%	-788.52%

EVO.TO vs. NSCE.TO - Expense Ratio Comparison

EVO.TO has a 1.15% expense ratio, which is higher than NSCE.TO's 0.64% expense ratio.

Dividends

EVO.TO vs. NSCE.TO - Dividend Comparison

EVO.TO's dividend yield for the trailing twelve months is around 0.56%, less than NSCE.TO's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EVO.TO Evovest Global Equity ETF	0.56%	0.61%	0.78%	0.00%	0.00%	0.00%	0.00%
NSCE.TO NBI Sustainable Canadian Equity ETF	0.91%	0.89%	1.01%	1.15%	0.91%	1.05%	0.69%

Frequently Asked Questions

Can I hold both EVO.TO and NSCE.TO in my portfolio?

EVO.TO and NSCE.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EVO.TO or NSCE.TO?

On fees, NSCE.TO is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EVO.TO or NSCE.TO?

NSCE.TO is cheaper with a 0.64% expense ratio, compared with 1.15% for EVO.TO.

What is the main difference between EVO.TO and NSCE.TO?

EVO.TO is categorized as Global Equities, while NSCE.TO is Sustainable. Their fees differ too: 1.15% for EVO.TO and 0.64% for NSCE.TO.