PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
NUBF.TO vs. EVO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NUBF.TO vs. EVO.TO

Last updated Jun 5, 2026

NUBF.TO (NBI Unconstrained Fixed Income ETF) and EVO.TO (Evovest Global Equity ETF) are both exchange-traded funds - NUBF.TO is a Global Bonds fund actively managed by National Bank Investments, while EVO.TO is a Global Equities fund actively managed by National Bank Investments. Both are actively managed. Over the past year, NUBF.TO returned 4.04% vs 10.06% for EVO.TO. At a 0.17 correlation, their price movements are largely independent. NUBF.TO charges 0.78%/yr vs 1.15%/yr for EVO.TO.

Performance

NUBF.TO vs. EVO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in NBI Unconstrained Fixed Income ETF (NUBF.TO) and Evovest Global Equity ETF (EVO.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, NUBF.TO achieves a 0.71% return, which is significantly lower than EVO.TO's 8.74% return.

NUBF.TO

1D
-0.09%
1M
0.33%
YTD
0.71%
6M
0.14%
1Y
4.04%
3Y*
4.34%
5Y*
1.42%
10Y*
—

EVO.TO

1D
0.33%
1M
3.77%
YTD
8.74%
6M
-0.44%
1Y
10.06%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

NUBF.TO vs. EVO.TO - Yearly Performance Comparison

2026 (YTD)20252024
NUBF.TO
NBI Unconstrained Fixed Income ETF		0.71%6.66%1.58%
EVO.TO
Evovest Global Equity ETF		8.74%14.20%6.29%

Correlation

The correlation between NUBF.TO and EVO.TO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Apr 1, 2024

0.17

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

NBI Unconstrained Fixed Income ETF

Evovest Global Equity ETF

Often compared with NUBF.TO:
NUBF.TO vs. CASH.TONUBF.TO vs. VCIP.TONUBF.TO vs. ZUAG.TONUBF.TO vs. VBG.NEONUBF.TO vs. HAF.TONUBF.TO vs. TGFI.TONUBF.TO vs. VGAB.NEO
Often compared with EVO.TO:
EVO.TO vs. NSCE.TOEVO.TO vs. KNGG.TOEVO.TO vs. BGIE.TOEVO.TO vs. NHYB.TOEVO.TO vs. FCIN.NEOEVO.TO vs. VXM.TOEVO.TO vs. FGEP.TO

Return for Risk

NUBF.TO vs. EVO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NUBF.TO
NUBF.TO Risk / Return Rank: 2121
Overall Rank
NUBF.TO Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
NUBF.TO Sortino Ratio Rank: 2020
Sortino Ratio Rank
NUBF.TO Omega Ratio Rank: 2121
Omega Ratio Rank
NUBF.TO Calmar Ratio Rank: 2020
Calmar Ratio Rank
NUBF.TO Martin Ratio Rank: 2424
Martin Ratio Rank
EVO.TO
EVO.TO Risk / Return Rank: 2121
Overall Rank
EVO.TO Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
EVO.TO Sortino Ratio Rank: 1919
Sortino Ratio Rank
EVO.TO Omega Ratio Rank: 2323
Omega Ratio Rank
EVO.TO Calmar Ratio Rank: 2020
Calmar Ratio Rank
EVO.TO Martin Ratio Rank: 2121
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NUBF.TO vs. EVO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NBI Unconstrained Fixed Income ETF (NUBF.TO) and Evovest Global Equity ETF (EVO.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.

NUBF.TOEVO.TODifference
Sharpe ratioReturn per unit of total volatility
0.69
0.65

+0.03

Sortino ratioReturn per unit of downside risk
1.04
0.92

+0.13

Omega ratioGain probability vs. loss probability

1.13

1.15

-0.01

Calmar ratioReturn relative to maximum drawdown

0.87

0.86

+0.01

Martin ratioReturn relative to average drawdown

3.00

2.48

+0.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NUBF.TO vs. EVO.TO - Sharpe Ratio Comparison

The current NUBF.TO Sharpe Ratio is 0.69, which is comparable to the EVO.TO Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of NUBF.TO and EVO.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

NUBF.TOEVO.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.69

0.65

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.20

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

0.82

-0.62

Drawdowns

NUBF.TO vs. EVO.TO - Drawdown Comparison

The maximum NUBF.TO drawdown since its inception was -16.37%, which is greater than EVO.TO's maximum drawdown of -12.72%. Use the drawdown chart below to compare losses from any high point for NUBF.TO and EVO.TO.

Loading charts...

Drawdown Indicators

NUBF.TOEVO.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.37%

-12.72%

-3.65%

Max Drawdown (1Y)

Largest decline over 1 year

-4.66%

-11.77%

+7.11%

Max Drawdown (3Y)

Largest decline over 3 years

-4.70%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-12.37%

—

—

Current Drawdown

Current decline from peak

-1.37%

-1.51%

+0.14%

Average Drawdown

Average peak-to-trough decline

-3.30%

-2.42%

-0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.35%

4.06%

-2.71%

Volatility

NUBF.TO vs. EVO.TO - Volatility Comparison

The current volatility for NBI Unconstrained Fixed Income ETF (NUBF.TO) is 1.88%, while Evovest Global Equity ETF (EVO.TO) has a volatility of 3.45%. This indicates that NUBF.TO experiences smaller price fluctuations and is considered to be less risky than EVO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

NUBF.TOEVO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.88%

3.45%

-1.57%

Volatility (6M)

Calculated over the trailing 6-month period

4.82%

13.42%

-8.60%

Volatility (1Y)

Calculated over the trailing 1-year period

5.92%

15.43%

-9.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.06%

16.69%

-9.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.35%

16.69%

-5.34%

NUBF.TO vs. EVO.TO - Expense Ratio Comparison

NUBF.TO has a 0.78% expense ratio, which is lower than EVO.TO's 1.15% expense ratio.

Dividends

NUBF.TO vs. EVO.TO - Dividend Comparison

NUBF.TO's dividend yield for the trailing twelve months is around 4.47%, more than EVO.TO's 0.56% yield.

PositionTTM2025202420232022202120202019
EVO.TO
Evovest Global Equity ETF		0.56%0.61%0.78%0.00%0.00%0.00%0.00%0.00%
NUBF.TO
NBI Unconstrained Fixed Income ETF		4.47%4.45%4.35%3.99%11.20%4.23%1.72%0.55%

Frequently Asked Questions

NUBF.TO and EVO.TO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, NUBF.TO is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.

NUBF.TO is cheaper with a 0.78% expense ratio, compared with 1.15% for EVO.TO.

NUBF.TO is categorized as Global Bonds, while EVO.TO is Global Equities. Their fees differ too: 0.78% for NUBF.TO and 1.15% for EVO.TO.

Portfolio Optimizer

Find the right allocation for NUBF.TO and EVO.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer