BANK.TO Alternatives & Similar ETFs

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BANK.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to BANK.TO

BANK.TO charges 0.60% annually. There are 31 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.29%.

Symbol	Name	Expense Ratio	AUM	Inception
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	BANK.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	169.56M	Nov 2025	BANK.TO vs EQLI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	BANK.TO vs JEPQ.TO
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	0.35%	224.00M	Sep 2024	BANK.TO vs HBIL.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	BANK.TO vs JEPI.TO

Best Risk-Adjusted Alternatives to BANK.TO

BANK.TO has a PortfoliosLab risk / return rank of 98. There are 2 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 98.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	180.28M	Jun 2022	BANK.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	98	—	Feb 2022	BANK.TO vs CBNK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.84B	Jan 2011	BANK.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	198.10M	Jul 2023	BANK.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	97	400.33M	May 2011	BANK.TO vs BKCC.TO

Top Performing BANK.TO Alternatives (YTD)

BANK.TO is at 30.92% YTD. There are 3 ETFs in the Derivative Income category with higher YTD returns, going as high as 45.98%.

Symbol	Name	YTD Return	AUM	Inception
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	45.98%	—	Feb 2022	BANK.TO vs CBNK.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	35.30%	271.10M	Oct 2023	BANK.TO vs ENCL.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	30.97%	—	Feb 2025	BANK.TO vs YAVG.NEO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	29.97%	198.10M	Jul 2023	BANK.TO vs BKCL.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	29.10%	4.84B	Jan 2011	BANK.TO vs ZWB.TO

Lowest Volatility Alternatives to BANK.TO

BANK.TO has 12.62% 1-year volatility. There are 31 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.76%	224.00M	Sep 2024	BANK.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.74%	259.21M	Jan 2024	BANK.TO vs HPYM.TO
ZPH.TO	BMO US Put Write Hedged to CAD ETF	6.54%	35.29M	Feb 2017	BANK.TO vs ZPH.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	7.06%	180.28M	Jun 2022	BANK.TO vs HLIF.TO
ZPW.TO	BMO US Put Write ETF	7.31%	105.45M	Sep 2015	BANK.TO vs ZPW.TO

Lowest Drawdown Alternatives to BANK.TO

BANK.TO has a 1-year max drawdown of -8.27%. There are 32 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	224.00M	Sep 2024	BANK.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	180.28M	Jun 2022	BANK.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	259.21M	Jan 2024	BANK.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.21B	Oct 2011	BANK.TO vs ZWU.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.41B	Jun 2023	BANK.TO vs UMAX.TO

Other ETFs from Evolve

The 10 most viewed Evolve ETFs shown here include UTES.TO, QQQT.TO, QQQY.TO and span 6 categories. AUM among these funds goes as high as $431M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	78	12.38%	431.22M	Sep 2024	BANK.TO vs UTES.TO
QQQT.TO	Evolve NASDAQ Technology Index Fund CAD Hedged	Nasdaq-100, Technology Equities	67	24.27%	175.95M	Jul 2023	BANK.TO vs QQQT.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Nasdaq-100, Derivative Income	58	14.74%	135.03M	Oct 2025	BANK.TO vs QQQY.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	13.97%	—	Sep 2025	BANK.TO vs CANY.TO
BIGY.TO	Evolve US Equity UltraYield ETF	Derivative Income	—	-12.04%	—	Sep 2025	BANK.TO vs BIGY.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	65	13.11%	147.56M	Jan 2022	BANK.TO vs EBNK.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	32.04%	—	Dec 2025	BANK.TO vs SIXY.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	75	31.70%	—	Mar 2025	BANK.TO vs OILY.TO
TECH.TO	Evolve FANGMA Index ETF Hedged CAD	Technology Equities	15	-1.59%	151.35M	May 2021	BANK.TO vs TECH.TO
ETSX.TO	Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	Derivative Income, Canada Equities	88	10.08%	216.50M	Jan 2023	BANK.TO vs ETSX.TO

Often Compared With BANK.TO

Investors most often compare BANK.TO with HMAX.TO, HCAL.TO, VDY.TO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
HMAX.TO	Hamilton Canadian Financials Yield Maximizer ETF	Derivative Income	96	19.85%	2.53B	Jan 2023	BANK.TO vs HMAX.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Financials Equities, Canada Equities, Leveraged Equities	98	42.24%	1.09B	Oct 2020	BANK.TO vs HCAL.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	99	27.73%	8.59B	Nov 2012	BANK.TO vs VDY.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	Financials Equities	97	34.39%	508.88M	Oct 2017	BANK.TO vs RBNK.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	74	14.77%	1.32B	Feb 2022	BANK.TO vs HYLD.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	89	12.26%	16.37B	Aug 2013	BANK.TO vs VCN.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	87	14.00%	15.67B	Jan 2019	BANK.TO vs VEQT.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	43	18.75%	991.10M	Oct 2023	BANK.TO vs QMAX.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	Derivative Income	—	28.18%	—	Jul 2025	BANK.TO vs QDAY.NEO
VDU.TO	Vanguard FTSE Developed All Cap ex U.S. Index ETF	Global Equities	71	15.74%	842.01M	Aug 2013	BANK.TO vs VDU.TO
HDIV.TO	Hamilton Enhanced Canadian Covered Call ETF	Derivative Income	95	19.24%	1.74B	Jul 2021	BANK.TO vs HDIV.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Foreign Large Cap Equities	61	12.48%	22.53B	Apr 2013	BANK.TO vs XEF.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	22	7.91%	1.87B	Jan 2025	BANK.TO vs HHIS.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	19.19%	242.10M	Jul 2025	BANK.TO vs CDAY.NEO
KILO.TO	Purpose Gold Bullion Fund	Gold, Precious Metals	20	-8.47%	1.00B	Oct 2018	BANK.TO vs KILO.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	33.86%	7.20B	Oct 2009	BANK.TO vs ZEB.TO
HEQT.TO	Horizons All-Equity Asset Allocation ETF	Global Equities	86	14.68%	—	Sep 2019	BANK.TO vs HEQT.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	89	28.07%	714.60M	Apr 2011	BANK.TO vs ENCC.TO
GCVG.L	SPDR Refinitiv Global Convertible Bond GBP Hedged ...	Convertible Bonds	89	13.74%	2.39B	Jan 2022	BANK.TO vs GCVG.L
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold, Precious Metals	31	-11.25%	574.94M	Apr 2011	BANK.TO vs GLCC.TO

Compare BANK.TO with Any Fund or Stock

Compare BANK.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair BANK.TO with funds that move differently

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BANK.TO.

Explore BANK.TO Diversifiers

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) Alternatives