LEAD.TO vs. VVO.TO
LEAD.TO (Evolve Future Leadership Fund) and VVO.TO (Vanguard Global Minimum Volatility ETF) are both Global Equities funds. LEAD.TO is actively managed, while VVO.TO is passively managed. Over the past 5 years, LEAD.TO returned 5.58%/yr vs 6.40%/yr for VVO.TO. At a 0.32 correlation, their price movements are largely independent. LEAD.TO charges 0.92%/yr vs 0.39%/yr for VVO.TO.
Performance
LEAD.TO vs. VVO.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 VVO.TO's 7.65% 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%
VVO.TO
- 1D
- 0.57%
- 1M
- 0.81%
- 6M
- 5.82%
- YTD
- 7.65%
- 1Y
- 10.56%
- 3Y*
- 11.24%
- 5Y*
- 6.40%
- 10Y*
- 6.86%
- ALL TIME*
- 7.18%
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$45.76K | CA$64.42K | CA$64.63K |
LEAD.TO vs. VVO.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% |
VVO.TO Vanguard Global Minimum Volatility ETF | 7.65% | 9.74% | 13.56% | 4.87% | -5.18% | 10.43% | 6.93% |
Correlation
The correlation between LEAD.TO and VVO.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.32 |
The correlation between LEAD.TO and VVO.TO shifts across timeframes, from 0.21 (3 years) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LEAD.TO vs. VVO.TO — Risk / Return Rank
LEAD.TO
VVO.TO
LEAD.TO vs. VVO.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 Minimum Volatility ETF (VVO.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 | VVO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.25 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.64 | -1.78 |
| Martin ratioReturn relative to average drawdown | -0.33 | 5.99 | -6.32 |
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Drawdowns
LEAD.TO vs. VVO.TO - Drawdown Comparison
The maximum LEAD.TO drawdown since its inception was -39.80%, which is greater than VVO.TO's maximum drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for LEAD.TO and VVO.TO.
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Drawdown Indicators
| LEAD.TO | VVO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.80% | -33.20% | -6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -6.47% | -16.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.65% | -6.98% | -15.67% |
Max Drawdown (5Y)Largest decline over 5 years | -39.80% | -14.37% | -25.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.20% | — |
Current DrawdownCurrent decline from peak | -9.30% | -0.84% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -3.42% | -10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 1.77% | +8.35% |
Volatility
LEAD.TO vs. VVO.TO - Volatility Comparison
Evolve Future Leadership Fund (LEAD.TO) has a higher volatility of 5.40% compared to Vanguard Global Minimum Volatility ETF (VVO.TO) at 1.73%. This indicates that LEAD.TO's price experiences larger fluctuations and is considered to be riskier than VVO.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 | VVO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 1.73% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 6.05% | +8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 7.76% | +10.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 9.76% | +12.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 12.00% | +9.02% |
LEAD.TO vs. VVO.TO - Expense Ratio Comparison
LEAD.TO has a 0.92% expense ratio, which is higher than VVO.TO's 0.39% expense ratio.
Dividends
LEAD.TO vs. VVO.TO - Dividend Comparison
LEAD.TO's dividend yield for the trailing twelve months is around 11.67%, more than VVO.TO's 1.98% 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% |
VVO.TO Vanguard Global Minimum Volatility ETF | 1.98% | 2.13% | 2.05% | 2.68% | 1.56% | 2.30% | 2.23% | 2.22% | 1.87% | 2.07% | 0.71% |
Frequently Asked Questions
LEAD.TO and VVO.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVO.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVO.TO is cheaper with a 0.39% 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 0.39% for VVO.TO.
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