LEAD.TO vs. XDGH.TO
LEAD.TO (Evolve Future Leadership Fund) and XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) are both exchange-traded funds - LEAD.TO is a Global Equities fund actively managed by Evolve Funds Group Inc., while XDGH.TO is a Quality Factor fund tracking the Morningstar Gbl GR CAD. LEAD.TO is actively managed, while XDGH.TO is passively managed. Over the past 5 years, LEAD.TO returned 5.58%/yr vs 9.45%/yr for XDGH.TO. At a 0.21 correlation, their price movements are largely independent. LEAD.TO charges 0.92%/yr vs 0.22%/yr for XDGH.TO.
Performance
LEAD.TO vs. XDGH.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 XDGH.TO's 12.70% 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%
XDGH.TO
- 1D
- 1.05%
- 1M
- 3.93%
- 6M
- 9.85%
- YTD
- 12.70%
- 1Y
- 20.45%
- 3Y*
- 13.34%
- 5Y*
- 9.45%
- 10Y*
- —
- ALL TIME*
- 8.38%
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$108.00K | CA$83.32K | CA$74.36K |
LEAD.TO vs. XDGH.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% |
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 12.70% | 14.60% | 10.49% | 9.52% | -1.31% | 15.69% | 7.62% |
Correlation
The correlation between LEAD.TO and XDGH.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.21 |
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Return for Risk
LEAD.TO vs. XDGH.TO — Risk / Return Rank
LEAD.TO
XDGH.TO
LEAD.TO vs. XDGH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Future Leadership Fund (LEAD.TO) and iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.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 | XDGH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.22 | -3.36 |
| Martin ratioReturn relative to average drawdown | -0.33 | 9.57 | -9.89 |
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Drawdowns
LEAD.TO vs. XDGH.TO - Drawdown Comparison
The maximum LEAD.TO drawdown since its inception was -39.80%, which is greater than XDGH.TO's maximum drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for LEAD.TO and XDGH.TO.
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Drawdown Indicators
| LEAD.TO | XDGH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.80% | -34.91% | -4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -6.38% | -16.27% |
Max Drawdown (3Y)Largest decline over 3 years | -22.65% | -11.96% | -10.69% |
Max Drawdown (5Y)Largest decline over 5 years | -39.80% | -16.06% | -23.74% |
Current DrawdownCurrent decline from peak | -9.30% | -0.15% | -9.15% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -4.61% | -9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 2.14% | +7.98% |
Volatility
LEAD.TO vs. XDGH.TO - Volatility Comparison
Evolve Future Leadership Fund (LEAD.TO) has a higher volatility of 5.40% compared to iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) at 4.28%. This indicates that LEAD.TO's price experiences larger fluctuations and is considered to be riskier than XDGH.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 | XDGH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 4.28% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 7.65% | +7.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 9.98% | +8.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 14.45% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 23.34% | -2.32% |
LEAD.TO vs. XDGH.TO - Expense Ratio Comparison
LEAD.TO has a 0.92% expense ratio, which is higher than XDGH.TO's 0.22% expense ratio.
Dividends
LEAD.TO vs. XDGH.TO - Dividend Comparison
LEAD.TO's dividend yield for the trailing twelve months is around 11.67%, more than XDGH.TO's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 2.70% | 2.81% | 3.04% | 3.41% | 3.20% | 3.13% | 3.35% | 2.92% | 3.40% | 1.27% |
Frequently Asked Questions
LEAD.TO and XDGH.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDGH.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDGH.TO is cheaper with a 0.22% expense ratio, compared with 0.92% for LEAD.TO.
LEAD.TO is categorized as Global Equities, while XDGH.TO is Quality Factor. They also come from different issuers: Evolve Funds Group Inc. and iShares. Their fees differ too: 0.92% for LEAD.TO and 0.22% for XDGH.TO.
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