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EVO.TO vs. NUBF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EVO.TO vs. NUBF.TO

Last updated Jun 4, 2026

EVO.TO (Evovest Global Equity ETF) and NUBF.TO (NBI Unconstrained Fixed Income ETF) are both exchange-traded funds - EVO.TO is a Global Equities fund actively managed by National Bank Investments, while NUBF.TO is a Global Bonds fund actively managed by National Bank Investments. Both are actively managed. Over the past year, EVO.TO returned 10.06% vs 4.38% for NUBF.TO. At a 0.17 correlation, their price movements are largely independent. EVO.TO charges 1.15%/yr vs 0.78%/yr for NUBF.TO.

Performance

EVO.TO vs. NUBF.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 Unconstrained Fixed Income ETF (NUBF.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EVO.TO achieves a 8.74% return, which is significantly higher than NUBF.TO's 0.81% return.

EVO.TO

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

NUBF.TO

1D
0.33%
1M
0.24%
YTD
0.81%
6M
0.23%
1Y
4.38%
3Y*
4.37%
5Y*
1.44%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024
EVO.TO
Evovest Global Equity ETF		8.74%14.20%6.29%
NUBF.TO
NBI Unconstrained Fixed Income ETF		0.81%6.66%1.58%

Correlation

The correlation between EVO.TO and NUBF.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.17

Correlation (All Time)
Calculated using the full available price history since Apr 1, 2024

0.17

Compare stocks, funds, or ETFs

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

Evovest Global Equity ETF

NBI Unconstrained Fixed Income ETF

Often compared with EVO.TO:
EVO.TO vs. NSCE.TOEVO.TO vs. KNGG.TOEVO.TO vs. BGIE.TOEVO.TO vs. NHYB.TOEVO.TO vs. FCIN.NEOEVO.TO vs. VXM.TOEVO.TO vs. FGEP.TO
Often compared with NUBF.TO:
NUBF.TO vs. CASH.TONUBF.TO vs. VCIP.TONUBF.TO vs. ZUAG.TONUBF.TO vs. VBG.NEONUBF.TO vs. HAF.TONUBF.TO vs. TGFI.TONUBF.TO vs. VGAB.NEO

Return for Risk

EVO.TO vs. NUBF.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: 2121
Overall Rank
EVO.TO Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
EVO.TO Sortino Ratio Rank: 1919
Sortino Ratio Rank
EVO.TO Omega Ratio Rank: 2323
Omega Ratio Rank
EVO.TO Calmar Ratio Rank: 2020
Calmar Ratio Rank
EVO.TO Martin Ratio Rank: 2121
Martin Ratio Rank
NUBF.TO
NUBF.TO Risk / Return Rank: 2222
Overall Rank
NUBF.TO Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
NUBF.TO Sortino Ratio Rank: 2222
Sortino Ratio Rank
NUBF.TO Omega Ratio Rank: 2222
Omega Ratio Rank
NUBF.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
NUBF.TO Martin Ratio Rank: 2525
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.

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

This table presents a comparison of risk-adjusted performance metrics for Evovest Global Equity ETF (EVO.TO) and NBI Unconstrained Fixed Income ETF (NUBF.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.TONUBF.TODifference
Sharpe ratioReturn per unit of total volatility
0.65
0.74

-0.09

Sortino ratioReturn per unit of downside risk
0.92
1.13

-0.21

Omega ratioGain probability vs. loss probability

1.15

1.14

0.00

Calmar ratioReturn relative to maximum drawdown

0.86

0.94

-0.09

Martin ratioReturn relative to average drawdown

2.48

3.26

-0.78

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. NUBF.TO - Sharpe Ratio Comparison

The current EVO.TO Sharpe Ratio is 0.65, which is comparable to the NUBF.TO Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of EVO.TO and NUBF.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.

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Sharpe Ratios by Period

EVO.TONUBF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.65

0.74

-0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.21

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.20

+0.62

Drawdowns

EVO.TO vs. NUBF.TO - Drawdown Comparison

The maximum EVO.TO drawdown since its inception was -12.72%, smaller than the maximum NUBF.TO drawdown of -16.37%. Use the drawdown chart below to compare losses from any high point for EVO.TO and NUBF.TO.

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Drawdown Indicators

EVO.TONUBF.TODifference

Max Drawdown

Largest peak-to-trough decline

-12.72%

-16.37%

+3.65%

Max Drawdown (1Y)

Largest decline over 1 year

-11.77%

-4.66%

-7.11%

Max Drawdown (3Y)

Largest decline over 3 years

—

-4.70%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-12.37%

—

Current Drawdown

Current decline from peak

-1.51%

-1.28%

-0.23%

Average Drawdown

Average peak-to-trough decline

-2.42%

-3.30%

+0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.06%

1.35%

+2.71%

Volatility

EVO.TO vs. NUBF.TO - Volatility Comparison

Evovest Global Equity ETF (EVO.TO) has a higher volatility of 3.45% compared to NBI Unconstrained Fixed Income ETF (NUBF.TO) at 1.88%. This indicates that EVO.TO's price experiences larger fluctuations and is considered to be riskier than NUBF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EVO.TONUBF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.45%

1.88%

+1.57%

Volatility (6M)

Calculated over the trailing 6-month period

13.42%

4.84%

+8.58%

Volatility (1Y)

Calculated over the trailing 1-year period

15.43%

5.93%

+9.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.69%

7.06%

+9.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.69%

11.36%

+5.33%

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

EVO.TO has a 1.15% expense ratio, which is higher than NUBF.TO's 0.78% expense ratio.

Dividends

EVO.TO vs. NUBF.TO - Dividend Comparison

EVO.TO's dividend yield for the trailing twelve months is around 0.56%, less than NUBF.TO's 4.47% yield.

PositionTTM2025202420232022202120202019
EVO.TO
Evovest Global Equity ETF		0.56%0.61%0.78%0.00%0.00%0.00%0.00%0.00%
NUBF.TO
NBI Unconstrained Fixed Income ETF		4.47%4.45%4.35%3.99%11.20%4.23%1.72%0.55%

Frequently Asked Questions

EVO.TO and NUBF.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, NUBF.TO is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

NUBF.TO is cheaper with a 0.78% expense ratio, compared with 1.15% for EVO.TO.

EVO.TO is categorized as Global Equities, while NUBF.TO is Global Bonds. Their fees differ too: 1.15% for EVO.TO and 0.78% for NUBF.TO.

Portfolio Optimizer

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