Evolve Global Competition
| BASE Etf | CAD 29.68 -0.32 -1.07% |
Evolve Global and Harvest Travel Correlation Snapshot
Good diversification
For the present investment horizon, the measured correlation between BASE and TRVI stands at -0.14, or Good diversification. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Moving together with Evolve Etf
Moving against Evolve Etf
Investors who believe in mean reversion view Evolve Global's price extremes not as permanent states but as temporary dislocations that create opportunities for disciplined, contrarian capital allocation.
Evolve Global Competition Correlation Matrix
Correlation analysis between Evolve Global Materials and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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Evolve Global Constituents Risk-Adjusted Indicators
There is a big difference between Evolve Etf performing well and Evolve Global ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Evolve Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DRMC | 0.71 | 0.10 | 0.10 | 0.10 | 1.08 | 1.40 | 4.74 | |||
| XMS | 0.36 | 0.01 | 0.09 | 0.00 | 0.48 | 0.68 | 2.09 | |||
| HMMJ | 1.69 | -0.04 | 0.00 | -0.18 | 0.00 | 3.45 | 22.83 | |||
| EDGE | 0.83 | -0.11 | 0.00 | -0.20 | 0.00 | 1.45 | 6.05 | |||
| GDEP | 0.54 | -0.07 | 0.00 | 1.41 | 0.00 | 1.06 | 2.91 | |||
| HUTE | 0.56 | 0.20 | 0.36 | 4.80 | 0.38 | 1.31 | 3.65 | |||
| QQCI | 0.61 | -0.02 | 0.00 | -0.09 | 0.00 | 1.15 | 3.14 | |||
| FHG | 0.95 | 0.06 | 0.08 | 0.63 | 1.07 | 2.48 | 7.19 | |||
| GCNS | 0.35 | -0.04 | 0.00 | -0.23 | 0.00 | 0.69 | 2.08 | |||
| TRVI | 1.09 | -0.04 | 0.00 | -0.11 | 0.00 | 1.83 | 5.88 |
Evolve Global Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Peer Performance Charts
How to Analyze Evolve Global Against Peers
Evolve Global's peer analysis compares Evolve Global with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Evolve Global trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Evolve Global leads or lags and what catalysts could close or widen the gap.