EVO.TO vs. PZW.TO
EVO.TO (Evovest Global Equity ETF) and PZW.TO (Invesco FTSE RAFI Global Small-Mid ETF) are both Global Equities funds. EVO.TO is actively managed, while PZW.TO is passively managed. Over the past year, EVO.TO returned 2.29% vs 32.19% for PZW.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
EVO.TO vs. PZW.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EVO.TO achieves a 13.09% return, which is significantly lower than PZW.TO's 17.33% return.
EVO.TO
- 1D
- -0.26%
- 1M
- 4.32%
- YTD
- 13.09%
- 6M
- 12.64%
- 1Y
- 2.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PZW.TO
- 1D
- 0.29%
- 1M
- 3.40%
- YTD
- 17.33%
- 6M
- 16.85%
- 1Y
- 32.19%
- 3Y*
- 20.71%
- 5Y*
- 10.71%
- 10Y*
- 11.60%
EVO.TO vs. PZW.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EVO.TO Evovest Global Equity ETF | 13.09% | 4.38% | 1.04% |
PZW.TO Invesco FTSE RAFI Global Small-Mid ETF | 17.33% | 18.48% | 10.82% |
Correlation
The correlation between EVO.TO and PZW.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2024 | 0.37 |
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Return for Risk
EVO.TO vs. PZW.TO — Risk / Return Rank
EVO.TO
PZW.TO
EVO.TO vs. PZW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evovest Global Equity ETF (EVO.TO) and Invesco FTSE RAFI Global Small-Mid ETF (PZW.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.
| EVO.TO | PZW.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.45 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 3.79 | -3.67 |
| Martin ratioReturn relative to average drawdown | 0.25 | 13.53 | -13.29 |
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Drawdowns
EVO.TO vs. PZW.TO - Drawdown Comparison
The maximum EVO.TO drawdown since its inception was -19.36%, smaller than the maximum PZW.TO drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for EVO.TO and PZW.TO.
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Drawdown Indicators
| EVO.TO | PZW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.36% | -32.45% | +13.09% |
Max Drawdown (1Y)Largest decline over 1 year | -19.36% | -8.50% | -10.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.45% | — |
Current DrawdownCurrent decline from peak | -6.35% | 0.00% | -6.35% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -5.72% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.35% | 2.38% | +6.97% |
Volatility
EVO.TO vs. PZW.TO - Volatility Comparison
Evovest Global Equity ETF (EVO.TO) has a higher volatility of 3.95% compared to Invesco FTSE RAFI Global Small-Mid ETF (PZW.TO) at 2.90%. This indicates that EVO.TO's price experiences larger fluctuations and is considered to be riskier than PZW.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.TO | PZW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 2.90% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 10.41% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 14.17% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 14.65% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 15.90% | +3.93% |
Dividends
EVO.TO vs. PZW.TO - Dividend Comparison
EVO.TO's dividend yield for the trailing twelve months is around 0.59%, less than PZW.TO's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVO.TO Evovest Global Equity ETF | 0.59% | 0.67% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PZW.TO Invesco FTSE RAFI Global Small-Mid ETF | 1.65% | 1.97% | 2.12% | 3.23% | 1.90% | 1.93% | 1.52% | 2.26% | 1.78% | 1.57% | 1.09% | 0.96% |
Frequently Asked Questions
EVO.TO and PZW.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: National Bank Investments and Invesco.
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