LEAD.TO vs. XMW.TO
LEAD.TO (Evolve Future Leadership Fund) and XMW.TO (iShares MSCI Min Vol Global Index ETF) are both Global Equities funds. LEAD.TO is actively managed, while XMW.TO is passively managed. Over the past 5 years, LEAD.TO returned 5.58%/yr vs 7.13%/yr for XMW.TO. At a 0.20 correlation, their price movements are largely independent. LEAD.TO charges 0.92%/yr vs 0.48%/yr for XMW.TO.
Performance
LEAD.TO vs. XMW.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 XMW.TO's 5.79% 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%
XMW.TO
- 1D
- 1.00%
- 1M
- 0.91%
- 6M
- 4.93%
- YTD
- 5.79%
- 1Y
- 7.55%
- 3Y*
- 11.03%
- 5Y*
- 7.13%
- 10Y*
- 7.02%
- ALL TIME*
- 10.17%
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$124.60K | CA$121.48K | CA$132.62K |
LEAD.TO vs. XMW.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% |
XMW.TO iShares MSCI Min Vol Global Index ETF | 5.79% | 5.84% | 20.05% | 4.68% | -4.33% | 12.80% | 2.43% |
Correlation
The correlation between LEAD.TO and XMW.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2020 | 0.20 |
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Return for Risk
LEAD.TO vs. XMW.TO — Risk / Return Rank
LEAD.TO
XMW.TO
LEAD.TO vs. XMW.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Future Leadership Fund (LEAD.TO) and iShares MSCI Min Vol Global Index ETF (XMW.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 | XMW.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.18 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.48 | -1.62 |
| Martin ratioReturn relative to average drawdown | -0.33 | 4.05 | -4.37 |
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Drawdowns
LEAD.TO vs. XMW.TO - Drawdown Comparison
The maximum LEAD.TO drawdown since its inception was -39.80%, which is greater than XMW.TO's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for LEAD.TO and XMW.TO.
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Drawdown Indicators
| LEAD.TO | XMW.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.80% | -21.42% | -18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -22.65% | -5.14% | -17.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.65% | -8.59% | -14.06% |
Max Drawdown (5Y)Largest decline over 5 years | -39.80% | -14.45% | -25.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.42% | — |
Current DrawdownCurrent decline from peak | -9.30% | -1.08% | -8.22% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -2.72% | -11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 1.87% | +8.25% |
Volatility
LEAD.TO vs. XMW.TO - Volatility Comparison
Evolve Future Leadership Fund (LEAD.TO) has a higher volatility of 5.40% compared to iShares MSCI Min Vol Global Index ETF (XMW.TO) at 2.46%. This indicates that LEAD.TO's price experiences larger fluctuations and is considered to be riskier than XMW.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 | XMW.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 2.46% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 14.99% | 5.72% | +9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 7.73% | +10.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.80% | 8.72% | +13.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.02% | 11.04% | +9.98% |
LEAD.TO vs. XMW.TO - Expense Ratio Comparison
LEAD.TO has a 0.92% expense ratio, which is higher than XMW.TO's 0.48% expense ratio.
Dividends
LEAD.TO vs. XMW.TO - Dividend Comparison
LEAD.TO's dividend yield for the trailing twelve months is around 11.67%, more than XMW.TO's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XMW.TO iShares MSCI Min Vol Global Index ETF | 1.43% | 1.58% | 1.81% | 1.98% | 1.66% | 1.43% | 1.52% | 2.20% | 2.01% | 1.61% | 2.02% | 1.85% |
Frequently Asked Questions
LEAD.TO and XMW.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMW.TO is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMW.TO is cheaper with a 0.48% expense ratio, compared with 0.92% for LEAD.TO.
They also come from different issuers: Evolve Funds Group Inc. and iShares. Their fees differ too: 0.92% for LEAD.TO and 0.48% for XMW.TO.
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