FGEP.TO vs. EVO.TO
FGEP.TO (Fidelity Global Equity+ Fund ETF) and EVO.TO (Evovest Global Equity ETF) are both Global Equities funds. Both are actively managed. Over the past year, FGEP.TO returned 33.16% vs 10.06% for EVO.TO. A 0.66 correlation means they provide meaningful diversification when combined. FGEP.TO charges 1.16%/yr vs 1.15%/yr for EVO.TO.
Performance
FGEP.TO vs. EVO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FGEP.TO achieves a 16.78% return, which is significantly higher than EVO.TO's 8.74% return.
FGEP.TO
- 1D
- -0.40%
- 1M
- 6.04%
- YTD
- 16.78%
- 6M
- 17.33%
- 1Y
- 33.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EVO.TO
- 1D
- 0.33%
- 1M
- 3.77%
- YTD
- 8.74%
- 6M
- -0.44%
- 1Y
- 10.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FGEP.TO vs. EVO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FGEP.TO Fidelity Global Equity+ Fund ETF | 16.78% | 17.44% | 9.99% |
EVO.TO Evovest Global Equity ETF | 8.74% | 14.20% | 3.75% |
Correlation
The correlation between FGEP.TO and EVO.TO is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 23, 2024 | 0.66 |
The correlation between FGEP.TO and EVO.TO has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.
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Return for Risk
FGEP.TO vs. EVO.TO — Risk / Return Rank
FGEP.TO
EVO.TO
FGEP.TO vs. EVO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Global Equity+ Fund ETF (FGEP.TO) and Evovest Global Equity ETF (EVO.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.
| FGEP.TO | EVO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.15 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 4.67 | 0.86 | +3.81 |
| Martin ratioReturn relative to average drawdown | 19.65 | 2.48 | +17.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGEP.TO | EVO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.19 | 0.65 | +2.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.78 | 0.82 | +0.96 |
Drawdowns
FGEP.TO vs. EVO.TO - Drawdown Comparison
The maximum FGEP.TO drawdown since its inception was -14.78%, which is greater than EVO.TO's maximum drawdown of -12.72%. Use the drawdown chart below to compare losses from any high point for FGEP.TO and EVO.TO.
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Drawdown Indicators
| FGEP.TO | EVO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -12.72% | -2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -11.77% | +4.63% |
Current DrawdownCurrent decline from peak | -0.66% | -1.51% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -2.42% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 4.06% | -2.37% |
Volatility
FGEP.TO vs. EVO.TO - Volatility Comparison
Fidelity Global Equity+ Fund ETF (FGEP.TO) has a higher volatility of 3.81% compared to Evovest Global Equity ETF (EVO.TO) at 3.45%. This indicates that FGEP.TO's price experiences larger fluctuations and is considered to be riskier than EVO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGEP.TO | EVO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 3.45% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 13.42% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 15.43% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 16.69% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.70% | 16.69% | -3.99% |
FGEP.TO vs. EVO.TO - Expense Ratio Comparison
FGEP.TO has a 1.16% expense ratio, which is higher than EVO.TO's 1.15% expense ratio.
Dividends
FGEP.TO vs. EVO.TO - Dividend Comparison
FGEP.TO has not paid dividends to shareholders, while EVO.TO's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EVO.TO Evovest Global Equity ETF | 0.56% | 0.61% | 0.78% |
FGEP.TO Fidelity Global Equity+ Fund ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FGEP.TO and EVO.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EVO.TO is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EVO.TO is cheaper with a 1.15% expense ratio, compared with 1.16% for FGEP.TO.
They also come from different issuers: Fidelity and National Bank Investments. Their fees differ too: 1.16% for FGEP.TO and 1.15% for EVO.TO.
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