LEAD.TO vs. CYBR.TO
LEAD.TO (Evolve Future Leadership Fund) and CYBR.TO (Evolve Cyber Security Index Fund - Hedged Units) are both exchange-traded funds - LEAD.TO is a Global Equities fund actively managed by Evolve Funds Group Inc., while CYBR.TO is a Cybersecurity fund tracking the Solactive Global Cyber Security Index Canadian Dollar Hedged. LEAD.TO is actively managed, while CYBR.TO is passively managed. Over the past 5 years, LEAD.TO returned 5.58%/yr vs 6.25%/yr for CYBR.TO. At a 0.46 correlation, their price movements are largely independent. LEAD.TO charges 0.92%/yr vs 0.60%/yr for CYBR.TO.
Performance
LEAD.TO vs. CYBR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LEAD.TO achieves a -4.13% return, which is significantly lower than CYBR.TO's 28.88% return.
LEAD.TO
- 1D
- -1.14%
- 1M
- 1.87%
- 6M
- -0.68%
- YTD
- -4.13%
- 1Y
- -3.93%
- 3Y*
- 18.17%
- 5Y*
- 5.58%
- 10Y*
- —
- ALL TIME*
- 8.63%
CYBR.TO
- 1D
- 1.24%
- 1M
- 2.95%
- 6M
- 24.69%
- YTD
- 28.88%
- 1Y
- 15.36%
- 3Y*
- 20.97%
- 5Y*
- 6.25%
- 10Y*
- —
- ALL TIME*
- 14.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$221.85K | CA$189.55K | CA$244.50K | |
| CA$5.33K | CA$6.18K | CA$7.84K |
LEAD.TO vs. CYBR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LEAD.TO Evolve Future Leadership Fund | -4.13% | 12.13% | 38.23% | 34.98% | -34.79% | 14.98% | 7.95% |
CYBR.TO Evolve Cyber Security Index Fund - Hedged Units | 28.88% | 2.14% | 13.45% | 44.51% | -37.17% | 5.65% | 29.82% |
Correlation
The correlation between LEAD.TO and CYBR.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.46 |
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Return for Risk
LEAD.TO vs. CYBR.TO — Risk / Return Rank
LEAD.TO
CYBR.TO
LEAD.TO vs. CYBR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Future Leadership Fund (LEAD.TO) and Evolve Cyber Security Index Fund - Hedged Units (CYBR.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.
| LEAD.TO | CYBR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.11 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.55 | -0.69 |
| Martin ratioReturn relative to average drawdown | -0.33 | 1.15 | -1.47 |
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Drawdowns
LEAD.TO vs. CYBR.TO - Drawdown Comparison
The maximum LEAD.TO drawdown since its inception was -39.80%, smaller than the maximum CYBR.TO drawdown of -44.40%. Use the drawdown chart below to compare losses from any high point for LEAD.TO and CYBR.TO.
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Drawdown Indicators
| LEAD.TO | CYBR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.80% | -44.40% | +4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -28.10% | +5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.65% | -28.10% | +5.45% |
Max Drawdown (5Y)Largest decline over 5 years | -39.80% | -44.40% | +4.60% |
Current DrawdownCurrent decline from peak | -9.30% | -8.97% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -12.69% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 13.40% | -3.28% |
Volatility
LEAD.TO vs. CYBR.TO - Volatility Comparison
The current volatility for Evolve Future Leadership Fund (LEAD.TO) is 5.40%, while Evolve Cyber Security Index Fund - Hedged Units (CYBR.TO) has a volatility of 9.85%. This indicates that LEAD.TO experiences smaller price fluctuations and is considered to be less risky than CYBR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEAD.TO | CYBR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 9.85% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 25.88% | -10.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 29.91% | -11.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 27.88% | -6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 26.64% | -5.62% |
LEAD.TO vs. CYBR.TO - Expense Ratio Comparison
LEAD.TO has a 0.92% expense ratio, which is higher than CYBR.TO's 0.60% expense ratio.
Dividends
LEAD.TO vs. CYBR.TO - Dividend Comparison
LEAD.TO's dividend yield for the trailing twelve months is around 11.67%, more than CYBR.TO's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CYBR.TO Evolve Cyber Security Index Fund - Hedged Units | 0.18% | 0.23% | 0.24% | 0.27% | 0.39% | 0.22% | 0.13% | 0.21% | 0.26% |
LEAD.TO Evolve Future Leadership Fund | 11.67% | 9.21% | 5.84% | 7.25% | 9.02% | 5.44% | 1.48% | 0.00% | 0.00% |
Frequently Asked Questions
LEAD.TO and CYBR.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CYBR.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CYBR.TO is cheaper with a 0.60% expense ratio, compared with 0.92% for LEAD.TO.
LEAD.TO is categorized as Global Equities, while CYBR.TO is Cybersecurity. Their fees differ too: 0.92% for LEAD.TO and 0.60% for CYBR.TO.
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