Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO)
This ETF provides investors with an enhanced yield from exposure to Canada’s largest banks and insurance companies through an active covered call strategy applied on up to 33% of the portfolio and 25% maximum leverage.
ETF Info
30053T109
Feb 1, 2022
1x
Solactive Canadian Core Financials Equal Weight Index
Canada
Distributing
Large-Cap
Value
Expense Ratio
BANK.TO features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund had a return of 0.61% year-to-date (YTD) and 27.99% in the last 12 months.
BANK.TO
0.61%
0.36%
18.53%
27.99%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of BANK.TO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.61% | 0.61% | |||||||||||
| 2024 | -0.55% | 1.79% | 5.09% | -5.16% | 3.68% | -2.90% | 5.63% | 4.86% | 6.30% | 0.74% | 8.35% | -2.04% | 27.90% |
| 2023 | 11.48% | 0.25% | -6.45% | 4.99% | -4.54% | 3.62% | 3.78% | -5.96% | -1.05% | -7.25% | 10.61% | 8.07% | 16.23% |
| 2022 | -5.32% | -0.12% | -7.62% | -0.23% | -10.41% | 4.10% | -3.59% | -3.60% | 5.47% | 5.90% | -5.74% | -20.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 86, BANK.TO is among the top 14% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund provided a 15.52% dividend yield over the last twelve months, with an annual payout of CA$1.24 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Dividend | CA$1.24 | CA$1.23 | CA$1.01 | CA$0.77 |
Dividend yield | 15.52% | 15.28% | 13.60% | 10.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | CA$0.11 | CA$0.00 | CA$0.11 | ||||||||||
| 2024 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.10 | CA$0.11 | CA$0.11 | CA$0.11 | CA$1.23 |
| 2023 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.09 | CA$0.10 | CA$1.01 |
| 2022 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.07 | CA$0.77 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund was 29.03%, occurring on Oct 11, 2022. Recovery took 472 trading sessions.
The current Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund drawdown is 1.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -29.03% | Feb 10, 2022 | 167 | Oct 11, 2022 | 472 | Aug 27, 2024 | 639 |
| -4.82% | Dec 9, 2024 | 23 | Jan 13, 2025 | — | — | — |
| -1.76% | Oct 30, 2024 | 2 | Oct 31, 2024 | 4 | Nov 6, 2024 | 6 |
| -1% | Oct 21, 2024 | 5 | Oct 25, 2024 | 1 | Oct 28, 2024 | 6 |
| -0.72% | Dec 3, 2024 | 1 | Dec 3, 2024 | 2 | Dec 5, 2024 | 3 |
Volatility
Volatility Chart
The current Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund volatility is 3.68%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.