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VXC.TO vs. EDGE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VXC.TO vs. EDGE.TO

Last updated Jun 14, 2026

VXC.TO (Vanguard FTSE Global All Cap ex Canada Index ETF) and EDGE.TO (Evolve Innovation Index Fund) are both exchange-traded funds - VXC.TO is a Global Equities fund tracking the FTSE Global All Cap ex Canada China A Inclusion Index, while EDGE.TO is a fund fund. Over the past 5 years, VXC.TO returned 13.33%/yr vs 5.21%/yr for EDGE.TO. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

VXC.TO vs. EDGE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and Evolve Innovation Index Fund (EDGE.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VXC.TO achieves a 13.02% return, which is significantly lower than EDGE.TO's 15.78% return.

VXC.TO

1D
0.70%
1M
3.37%
YTD
13.02%
6M
13.39%
1Y
30.74%
3Y*
21.19%
5Y*
13.33%
10Y*
13.41%

EDGE.TO

1D
2.57%
1M
2.93%
YTD
15.78%
6M
12.09%
1Y
22.70%
3Y*
16.89%
5Y*
5.21%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VXC.TO vs. EDGE.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETF		13.02%16.12%26.06%19.20%-13.02%17.21%14.14%20.47%-5.35%
EDGE.TO
Evolve Innovation Index Fund		15.78%11.95%17.11%25.65%-33.70%12.46%55.36%33.67%-14.17%

Correlation

The correlation between VXC.TO and EDGE.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (All Time)
Calculated using the full available price history since May 2, 2018

0.58

The correlation between VXC.TO and EDGE.TO has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Vanguard FTSE Global All Cap ex Canada Index ETF

Evolve Innovation Index Fund

Often compared with VXC.TO:
VXC.TO vs. XAW.TOVXC.TO vs. XEQT.TOVXC.TO vs. VEQT.TOVXC.TO vs. VFV.TOVXC.TO vs. VTVXC.TO vs. XEF.TOVXC.TO vs. VOO
Often compared with EDGE.TO:
EDGE.TO vs. FSELXEDGE.TO vs. TEC.TOEDGE.TO vs. VFV.TOEDGE.TO vs. SCHDEDGE.TO vs. AMTREDGE.TO vs. AMZNEDGE.TO vs. ACWL.L

Return for Risk

VXC.TO vs. EDGE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VXC.TO
VXC.TO Risk / Return Rank: 8181
Overall Rank
VXC.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VXC.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VXC.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VXC.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
VXC.TO Martin Ratio Rank: 8282
Martin Ratio Rank
EDGE.TO
EDGE.TO Risk / Return Rank: 3131
Overall Rank
EDGE.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
EDGE.TO Sortino Ratio Rank: 3333
Sortino Ratio Rank
EDGE.TO Omega Ratio Rank: 3535
Omega Ratio Rank
EDGE.TO Calmar Ratio Rank: 2828
Calmar Ratio Rank
EDGE.TO Martin Ratio Rank: 2525
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.

VXC.TO vs. EDGE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) and Evolve Innovation Index Fund (EDGE.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.

VXC.TOEDGE.TODifference
Sharpe ratioReturn per unit of total volatility
2.27
1.10

+1.16

Sortino ratioReturn per unit of downside risk
3.11
1.58

+1.52

Omega ratioGain probability vs. loss probability

1.43

1.21

+0.22

Calmar ratioReturn relative to maximum drawdown

3.52

1.18

+2.34

Martin ratioReturn relative to average drawdown

14.04

2.88

+11.17

VXC.TO vs. EDGE.TO - Sharpe Ratio Comparison

The current VXC.TO Sharpe Ratio is 2.27, which is higher than the EDGE.TO Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of VXC.TO and EDGE.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.

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Drawdowns

VXC.TO vs. EDGE.TO - Drawdown Comparison

The maximum VXC.TO drawdown since its inception was -27.28%, smaller than the maximum EDGE.TO drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for VXC.TO and EDGE.TO.

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Drawdown Indicators

VXC.TOEDGE.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.28%

-39.86%

+12.58%

Max Drawdown (1Y)

Largest decline over 1 year

-8.24%

-18.43%

+10.19%

Max Drawdown (3Y)

Largest decline over 3 years

-16.76%

-21.92%

+5.16%

Max Drawdown (5Y)

Largest decline over 5 years

-21.61%

-39.86%

+18.25%

Max Drawdown (10Y)

Largest decline over 10 years

-27.28%

—

—

Current Drawdown

Current decline from peak

-0.88%

-6.48%

+5.60%

Average Drawdown

Average peak-to-trough decline

-3.89%

-12.95%

+9.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.07%

7.54%

-5.47%

Volatility

VXC.TO vs. EDGE.TO - Volatility Comparison

The current volatility for Vanguard FTSE Global All Cap ex Canada Index ETF (VXC.TO) is 4.98%, while Evolve Innovation Index Fund (EDGE.TO) has a volatility of 8.88%. This indicates that VXC.TO experiences smaller price fluctuations and is considered to be less risky than EDGE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VXC.TOEDGE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.98%

8.88%

-3.90%

Volatility (6M)

Calculated over the trailing 6-month period

10.61%

16.52%

-5.91%

Volatility (1Y)

Calculated over the trailing 1-year period

12.82%

19.69%

-6.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.79%

22.61%

-8.82%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.32%

23.68%

-8.36%

Dividends

VXC.TO vs. EDGE.TO - Dividend Comparison

VXC.TO's dividend yield for the trailing twelve months is around 1.23%, more than EDGE.TO's 0.37% yield.

PositionTTM20252024202320222021202020192018201720162015
EDGE.TO
Evolve Innovation Index Fund		0.37%0.36%0.53%0.06%0.08%0.05%0.06%0.09%0.09%0.00%0.00%0.00%
VXC.TO
Vanguard FTSE Global All Cap ex Canada Index ETF		1.23%1.39%1.45%1.69%1.82%1.49%1.46%1.81%1.95%1.68%1.86%1.83%

Frequently Asked Questions

VXC.TO and EDGE.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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