LEAD.TO vs. VVL.TO
LEAD.TO (Evolve Future Leadership Fund) and VVL.TO (Vanguard Global Value Factor ETF) are both Global Equities funds. Both are actively managed. Over the past 5 years, LEAD.TO returned 5.58%/yr vs 15.16%/yr for VVL.TO. At a 0.31 correlation, their price movements are largely independent. LEAD.TO charges 0.92%/yr vs 0.38%/yr for VVL.TO.
Performance
LEAD.TO vs. VVL.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 VVL.TO's 18.42% 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%
VVL.TO
- 1D
- 1.25%
- 1M
- 4.14%
- 6M
- 13.39%
- YTD
- 18.42%
- 1Y
- 30.58%
- 3Y*
- 19.86%
- 5Y*
- 15.16%
- 10Y*
- 12.08%
- ALL TIME*
- 12.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$5.33K | CA$6.18K | CA$7.84K | |
| CA$957.75K | CA$895.44K | CA$809.90K |
LEAD.TO vs. VVL.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% |
VVL.TO Vanguard Global Value Factor ETF | 18.42% | 18.01% | 15.01% | 16.57% | 0.50% | 29.77% | 18.04% |
Correlation
The correlation between LEAD.TO and VVL.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.31 |
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Return for Risk
LEAD.TO vs. VVL.TO — Risk / Return Rank
LEAD.TO
VVL.TO
LEAD.TO vs. VVL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Future Leadership Fund (LEAD.TO) and Vanguard Global Value Factor ETF (VVL.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 | VVL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.40 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.48 | -3.62 |
| Martin ratioReturn relative to average drawdown | -0.33 | 13.70 | -14.03 |
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Drawdowns
LEAD.TO vs. VVL.TO - Drawdown Comparison
The maximum LEAD.TO drawdown since its inception was -39.80%, smaller than the maximum VVL.TO drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for LEAD.TO and VVL.TO.
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Drawdown Indicators
| LEAD.TO | VVL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.80% | -43.88% | +4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -8.83% | -13.82% |
Max Drawdown (3Y)Largest decline over 3 years | -22.65% | -18.07% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -39.80% | -18.07% | -21.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.88% | — |
Current DrawdownCurrent decline from peak | -9.30% | 0.00% | -9.30% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -5.72% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 2.24% | +7.88% |
Volatility
LEAD.TO vs. VVL.TO - Volatility Comparison
Evolve Future Leadership Fund (LEAD.TO) has a higher volatility of 5.40% compared to Vanguard Global Value Factor ETF (VVL.TO) at 3.60%. This indicates that LEAD.TO's price experiences larger fluctuations and is considered to be riskier than VVL.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 | VVL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 3.60% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 9.33% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 13.79% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 16.07% | +5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 18.78% | +2.24% |
LEAD.TO vs. VVL.TO - Expense Ratio Comparison
LEAD.TO has a 0.92% expense ratio, which is higher than VVL.TO's 0.38% expense ratio.
Dividends
LEAD.TO vs. VVL.TO - Dividend Comparison
LEAD.TO's dividend yield for the trailing twelve months is around 11.67%, more than VVL.TO's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LEAD.TO Evolve Future Leadership Fund | 11.67% | 9.21% | 5.84% | 7.25% | 9.02% | 5.44% | 1.48% | 0.00% | 0.00% | 0.00% | 0.00% |
VVL.TO Vanguard Global Value Factor ETF | 1.60% | 1.89% | 2.19% | 2.69% | 2.57% | 1.50% | 1.70% | 2.65% | 2.15% | 1.35% | 0.60% |
Frequently Asked Questions
LEAD.TO and VVL.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVL.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVL.TO is cheaper with a 0.38% expense ratio, compared with 0.92% for LEAD.TO.
They also come from different issuers: Evolve Funds Group Inc. and Vanguard. Their fees differ too: 0.92% for LEAD.TO and 0.38% for VVL.TO.
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