A side-by-side comparison of Evolve Innovation Index Fund ETF (EDGE) and iShares Core MSCI All Country World ex Canada Index ETF (XAW) to help Canadian investors make an informed decision.
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1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | EDGE | XAW |
|---|---|---|
| YTD Return | +13.91%✓ | +12.21% |
| 1-Day Change | +0.85%✓ | +0.57% |
| 1-Week Change | +1.78%✓ | +0.59% |
| 1-Month Change | -4.85% | -1.18%✓ |
| Current Price | $49.63 | $57.82 |
| AUM | $32M | $4.33B✓ |
| MER (Expense Ratio) | 0% | 0% |
| Dividend Yield | 0.18% | 1.20%✓ |
| Distribution Frequency | Quarterly | Half-yearly |
| Inception Date | 2018-04-30 | 2015-02-10 |
| Holdings Count | 10 | 6 |
| MorningStar Rating | ★★ | ★★★★★ |
| Category | Global Equity | Global Equity |
| Beta | 1.45 | 0.97 |
| 52-Week High | $53.64 | $59.31 |
| 52-Week Low | $38.80 | $46.46 |
| 50-Day MA | $50.69 | $58.04 |
| 200-Day MA | $45.52 | $53.98 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | EDGE | XAW |
|---|---|---|
| YTD | +13.91%✓ | +12.21% |
| 1 Year | +12.59% | +20.30%✓ |
| 3 Year | +14.35% | +18.95%✓ |
| 5 Year | +4.24% | +12.48%✓ |
| 10 Year | — | +12.48% |
| 1Y Volatility | 23.11% | 10.44% |
| Sharpe Ratio (3Y) | 0.79 | 1.63 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | CYBR | Evolve Cyber Security Index Fund - Hedged Units | 14.68% |
| 2 | DATA | Evolve Cloud Computing Index Fund ETF Hedged | 13.79% |
| 3 | CARS | Evolve Automobile Innovation Index Fund - Hedged Units | 11.31% |
| 4 | HERO | Evolve E-Gaming Index ETF | 9.59% |
| 5 | QCOM | Qualcomm Incorporated | 2.89% |
| 6 | AMD | Advanced Micro Devices Inc | 2.40% |
| 7 | ARM | Arm Holdings plc American Depositary Shares | 2.33% |
| 8 | INTC | Intel Corporation | 2.28% |
| 9 | MRVL | Marvell Technology Group Ltd | 2.24% |
| 10 | PANW | Palo Alto Networks Inc | 2.21% |
| 1 | IVV | iShares Core S&P 500 ETF | 50.81% |
| 2 | XEF | iShares Core MSCI EAFE IMI | 22.35% |
| 3 | XEC | iShares Core MSCI Emerging Markets IMI Index ETF | 13.21% |
| 4 | ITOT | iShares Core S&P Total U.S. Stock Market ETF | 8.24% |
| 5 | IJH | iShares Core S&P Mid-Cap ETF | 3.35% |
| 6 | IJR | iShares Core S&P Small-Cap ETF | 1.99% |
Sector Weights
| Sector | EDGE | XAW |
|---|---|---|
| Basic Materials | 1.10% | 3.45% |
| Communication Services | 15.24% | 7.55% |
| Consumer Cyclicals | 4.75% | 8.95% |
| Consumer Defensive | 0.00% | 4.80% |
| Energy | 0.00% | 3.53% |
| Financial Services | 4.23% | 16.10% |
| Healthcare | 8.76% | 8.77% |
| Industrials | 4.40% | 11.64% |
| Real Estate | 0.09% | 2.45% |
| Technology | 60.81% | 30.25% |
| Utilities | 0.63% | 2.51% |
About EDGE
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About XAW
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Which ETF is Right for You?
Both EDGE and XAW are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, XAW scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between EDGE and XAW?
EDGE (Evolve Innovation Index Fund ETF) and XAW (iShares Core MSCI All Country World ex Canada Index ETF) are both Canadian-listed ETFs. Key differences include their AUM ($32M vs $4.33B), dividend yield (0.18% vs 1.20%), and year-to-date performance (+13.91% vs +12.21%).
Is EDGE better than XAW?
There is no single "better" ETF — it depends on your investment goals. If you prioritise recent performance, EDGE has outperformed year-to-date. Always review the fund's prospectus and consider your tax situation.
Can I buy EDGE and XAW on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both EDGE and XAW should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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