EVT.TO vs. ^GSPC

Last updated Jun 4, 2026

EVT.TO (Economic Investment Trust Limited) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, EVT.TO returned 16.04%/yr vs 14.52%/yr for ^GSPC. At a 0.09 correlation, their price movements are largely independent.

Performance

EVT.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Economic Investment Trust Limited (EVT.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EVT.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EVT.TO achieves a 21.67% return, which is significantly higher than ^GSPC's 12.12% return. Over the past 10 years, EVT.TO has outperformed ^GSPC with an annualized return of 16.04%, while ^GSPC has yielded a comparatively lower 14.52% annualized return.

EVT.TO

• 1D: -0.59%
• 1M: 1.12%
• YTD: 21.67%
• 6M: 24.74%
• 1Y: 29.37%
• 3Y*: 35.81%
• 5Y*: 25.67%
• 10Y*: 16.04%

^GSPC

• 1D: 0.00%
• 1M: 7.35%
• YTD: 12.12%
• 6M: 10.22%
• 1Y: 28.58%
• 3Y*: 22.37%
• 5Y*: 15.58%
• 10Y*: 14.52%

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

EVT.TO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EVT.TO Economic Investment Trust Limited	21.67%	54.60%	30.54%	9.24%	10.53%	21.94%	3.00%	10.65%	-10.52%	10.47%
^GSPC S&P 500 Index	11.75%	11.05%	33.90%	21.49%	-13.70%	25.75%	14.29%	22.54%	1.71%	11.82%

Correlation

The correlation between EVT.TO and ^GSPC is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.09

The correlation between EVT.TO and ^GSPC shifts across timeframes, from -0.13 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EVT.TO vs. ^GSPC — Risk / Return Rank

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

EVT.TO

EVT.TO Risk / Return Rank: 81
EVT.TO Sharpe Ratio Rank: 78
EVT.TO Sortino Ratio Rank: 76
EVT.TO Omega Ratio Rank: 80
EVT.TO Calmar Ratio Rank: 86
EVT.TO Martin Ratio Rank: 85

^GSPC

^GSPC Risk / Return Rank: 73
^GSPC Sharpe Ratio Rank: 71
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 72
^GSPC Calmar Ratio Rank: 67
^GSPC Martin Ratio Rank: 81

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.

EVT.TO vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Economic Investment Trust Limited (EVT.TO) and S&P 500 Index (^GSPC). 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.

	EVT.TO	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.46	-1.15
Sortino ratio: Return per unit of downside risk	2.08	3.32	-1.24
Omega ratio: Gain probability vs. loss probability	1.30	1.47	-0.16
Calmar ratio: Return relative to maximum drawdown	3.66	3.24	+0.41
Martin ratio: Return relative to average drawdown	8.91	12.23	-3.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVT.TO vs. ^GSPC - Sharpe Ratio Comparison

The current EVT.TO Sharpe Ratio is 1.31, which is lower than the ^GSPC Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of EVT.TO and ^GSPC, 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

	EVT.TO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	2.46	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.51	1.05	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.06	0.89	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.99	-0.37

Drawdowns

EVT.TO vs. ^GSPC - Drawdown Comparison

The maximum EVT.TO drawdown since its inception was -55.91%, which is greater than ^GSPC's maximum drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for EVT.TO and ^GSPC.

Drawdown Indicators

	EVT.TO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-55.91%	-27.59%	-28.32%
Max Drawdown (1Y) Largest decline over 1 year	-8.07%	-8.86%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	-19.23%	+9.98%
Max Drawdown (5Y) Largest decline over 5 years	-12.24%	-22.60%	+10.36%
Max Drawdown (10Y) Largest decline over 10 years	-26.26%	-27.59%	+1.33%
Current Drawdown Current decline from peak	-1.96%	0.00%	-1.96%
Average Drawdown Average peak-to-trough decline	-12.50%	-3.51%	-8.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	2.34%	+0.98%

Volatility

EVT.TO vs. ^GSPC - Volatility Comparison

Economic Investment Trust Limited (EVT.TO) has a higher volatility of 3.16% compared to S&P 500 Index (^GSPC) at 2.69%. This indicates that EVT.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EVT.TO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	2.69%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	15.74%	8.85%	+6.89%
Volatility (1Y) Calculated over the trailing 1-year period	22.56%	11.70%	+10.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	14.99%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.23%	16.33%	-1.10%

Frequently Asked Questions

Can I hold both EVT.TO and ^GSPC in my portfolio?

EVT.TO and ^GSPC have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.