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EVT.TO vs. EIT-UN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EVT.TO vs. EIT-UN.TO

Last updated Jun 4, 2026

EVT.TO (Economic Investment Trust Limited) is a stock, while EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe. Over the past 10 years, EVT.TO returned 16.04%/yr vs 118.84%/yr for EIT-UN.TO. At a 0.07 correlation, their price movements are largely independent.

Performance

EVT.TO vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Economic Investment Trust Limited (EVT.TO) and Canoe EIT Income Fund (EIT-UN.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, EVT.TO achieves a 21.67% return, which is significantly lower than EIT-UN.TO's 27.79% return. Over the past 10 years, EVT.TO has underperformed EIT-UN.TO with an annualized return of 16.04%, while EIT-UN.TO has yielded a comparatively higher 118.84% 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%

EIT-UN.TO

1D
23.25%
1M
24.15%
YTD
27.79%
6M
33.97%
1Y
25.62%
3Y*
22.10%
5Y*
131.16%
10Y*
118.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EVT.TO vs. EIT-UN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EIT-UN.TO
Canoe EIT Income Fund		27.79%3.45%28.25%5.94%10.49%4,164.28%1,973.94%12.45%-3.08%10.49%

Correlation

The correlation between EVT.TO and EIT-UN.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.11

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (10Y)
Calculated over the trailing 10-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Aug 8, 1997

0.07

Compare stocks, funds, or ETFs

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Economic Investment Trust Limited

Canoe EIT Income Fund

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Often compared with EIT-UN.TO:
EIT-UN.TO vs. HDIV.TOEIT-UN.TO vs. DFN.TOEIT-UN.TO vs. MNS.TOEIT-UN.TO vs. HDIF.TOEIT-UN.TO vs. ZWC.TOEIT-UN.TO vs. HYLD.TOEIT-UN.TO vs. XEQT.TO

Return for Risk

EVT.TO vs. EIT-UN.TO — 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: 8181
Overall Rank
EVT.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
EVT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
EVT.TO Omega Ratio Rank: 8080
Omega Ratio Rank
EVT.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
EVT.TO Martin Ratio Rank: 8585
Martin Ratio Rank
EIT-UN.TO
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. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Economic Investment Trust Limited (EVT.TO) and Canoe EIT Income Fund (EIT-UN.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.

EVT.TOEIT-UN.TODifference
Sharpe ratioReturn per unit of total volatility
1.31
1.00

+0.31

Sortino ratioReturn per unit of downside risk
2.08
2.53

-0.45

Omega ratioGain probability vs. loss probability

1.30

3.53

-2.22

Calmar ratioReturn relative to maximum drawdown

3.66

—

—

Martin ratioReturn relative to average drawdown

8.91

—

—

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. EIT-UN.TO - Sharpe Ratio Comparison

The current EVT.TO Sharpe Ratio is 1.31, which is higher than the EIT-UN.TO Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of EVT.TO and EIT-UN.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

EVT.TOEIT-UN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.31

1.00

+0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.51

0.11

+1.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.06

0.12

+0.94

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.00

+0.62

Drawdowns

EVT.TO vs. EIT-UN.TO - Drawdown Comparison

The maximum EVT.TO drawdown since its inception was -55.91%, roughly equal to the maximum EIT-UN.TO drawdown of -56.65%. Use the drawdown chart below to compare losses from any high point for EVT.TO and EIT-UN.TO.

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Drawdown Indicators

EVT.TOEIT-UN.TODifference

Max Drawdown

Largest peak-to-trough decline

-55.91%

-56.65%

+0.74%

Max Drawdown (1Y)

Largest decline over 1 year

-8.07%

0.00%

-8.07%

Max Drawdown (3Y)

Largest decline over 3 years

-9.25%

-10.73%

+1.48%

Max Drawdown (5Y)

Largest decline over 5 years

-12.24%

-15.57%

+3.33%

Max Drawdown (10Y)

Largest decline over 10 years

-26.26%

-50.36%

+24.10%

Current Drawdown

Current decline from peak

-1.96%

0.00%

-1.96%

Average Drawdown

Average peak-to-trough decline

-12.50%

-3.87%

-8.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.32%

6.16%

-2.84%

Volatility

EVT.TO vs. EIT-UN.TO - Volatility Comparison

The current volatility for Economic Investment Trust Limited (EVT.TO) is 3.16%, while Canoe EIT Income Fund (EIT-UN.TO) has a volatility of 20.88%. This indicates that EVT.TO experiences smaller price fluctuations and is considered to be less risky than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EVT.TOEIT-UN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.16%

20.88%

-17.72%

Volatility (6M)

Calculated over the trailing 6-month period

15.74%

21.29%

-5.55%

Volatility (1Y)

Calculated over the trailing 1-year period

22.56%

25.85%

-3.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.15%

1,193.88%

-1,176.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.23%

1,020.22%

-1,004.99%

Dividends

EVT.TO vs. EIT-UN.TO - Dividend Comparison

EVT.TO's dividend yield for the trailing twelve months is around 10.61%, more than EIT-UN.TO's 10.19% yield.

PositionTTM20252024202320222021202020192018201720162015
EIT-UN.TO
Canoe EIT Income Fund		10.19%12.56%7.90%9.29%8.97%104.98%108.64%11.53%11.62%11.01%10.06%10.71%
EVT.TO
Economic Investment Trust Limited		10.61%13.10%6.57%4.56%7.61%4.15%2.50%2.04%1.99%2.22%1.37%1.37%

Frequently Asked Questions

EVT.TO and EIT-UN.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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