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 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	249.48M	Jul 2023	BANK.TO vs USCL.TO
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%	155.19M	Nov 2025	BANK.TO vs EQLI.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	BANK.TO vs JEPI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	BANK.TO vs JEPQ.TO

Best Risk-Adjusted Alternatives to BANK.TO

BANK.TO has a PortfoliosLab risk / return rank of 96. 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	—	Jun 2022	BANK.TO vs HLIF.TO
CBNK.TO	Mulvihill Canadian Bank Enhanced Yield ETF	96	—	Feb 2022	BANK.TO vs CBNK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	95	187.53M	Jul 2023	BANK.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	95	370.01M	May 2011	BANK.TO vs BKCC.TO
SMAX.TO	Hamilton U.S. Equity YIELD MAXIMIZER ETF	94	1.07B	Oct 2023	BANK.TO vs SMAX.TO

Top Performing BANK.TO Alternatives (YTD)

BANK.TO is at 17.36% YTD. There are 20 ETFs in the Derivative Income category with higher YTD returns, going as high as 60.76%.

Symbol	Name	YTD Return	AUM	Inception
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	60.76%	—	Feb 2025	BANK.TO vs YAVG.NEO
AVGY.TO	Harvest Broadcom Enhanced High Income Shares ETF -...	43.57%	—	Mar 2025	BANK.TO vs AVGY.TO
CNQE.TO	Harvest CNQ Enhanced High Income Shares ETF	36.84%	—	Aug 2025	BANK.TO vs CNQE.TO
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	36.58%	286.32M	Oct 2023	BANK.TO vs ENCL.TO
QDAY.NEO	Hamilton EnhancedTechnology DayMAX™ ETF	31.76%	—	Jul 2025	BANK.TO vs QDAY.NEO

Lowest Volatility Alternatives to BANK.TO

BANK.TO has 12.09% 1-year volatility. There are 27 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.66%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.66%	235.30M	Sep 2024	BANK.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.55%	226.83M	Jan 2024	BANK.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.65%	1.34B	Jun 2023	BANK.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.84%	—	Jun 2022	BANK.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.59%	2.17B	Oct 2011	BANK.TO vs ZWU.TO

Lowest Drawdown Alternatives to BANK.TO

BANK.TO has a 1-year max drawdown of -8.23%. There are 26 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%	235.30M	Sep 2024	BANK.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	BANK.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.85%	226.83M	Jan 2024	BANK.TO vs HPYM.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	-4.57%	97.17M	Oct 2022	BANK.TO vs HUTE.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.17B	Oct 2011	BANK.TO vs ZWU.TO

Other ETFs from Evolve

The 10 most viewed Evolve ETFs shown here include UTES.TO, QQQT.TO, QQQY.TO and span 7 categories. AUM among these funds goes as high as $406M.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
UTES.TO	Evolve Canadian Utilities Enhanced Yield Index Fun...	Derivative Income	75	12.58%	405.53M	Sep 2024	BANK.TO vs UTES.TO
QQQT.TO	Evolve NASDAQ Technology Index Fund CAD Hedged	Nasdaq-100, Technology Equities	82	31.74%	166.05M	Jul 2023	BANK.TO vs QQQT.TO
QQQY.TO	Evolve NASDAQ Technology Enhanced Yield Index Fund	Nasdaq-100, Derivative Income	77	20.66%	135.24M	Oct 2025	BANK.TO vs QQQY.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	10.38%	—	Sep 2025	BANK.TO vs CANY.TO
BIGY.TO	Evolve US Equity UltraYield ETF	Large Cap Blend Equities	—	-1.47%	—	Sep 2025	BANK.TO vs BIGY.TO
EBNK.TO	Evolve European Banks Enhanced Yield ETF Hedged CA...	Financials Equities, Derivative Income	40	6.68%	140.46M	Jan 2022	BANK.TO vs EBNK.TO
OILY.TO	Evolve Canadian Energy Enhanced Yield Index Fund E...	Energy Equities	77	33.91%	—	Mar 2025	BANK.TO vs OILY.TO
TECH.TO	Evolve FANGMA Index ETF Hedged CAD	Technology Equities	26	2.13%	156.54M	May 2021	BANK.TO vs TECH.TO
SIXY.TO	Evolve Big Six Canadian Banks UltraYield Index ETF	Financials Equities	—	17.65%	—	Dec 2025	BANK.TO vs SIXY.TO
ETSX.TO	Evolve S&P/TSX 60 Enhanced Yield Fund CAD Unhedged	Large Cap Blend Equities	77	7.88%	204.58M	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 10 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	91	11.17%	2.34B	Jan 2023	BANK.TO vs HMAX.TO
HCAL.TO	Hamilton Enhanced Canadian Bank ETF	Leveraged Equities	96	23.54%	959.30M	Oct 2020	BANK.TO vs HCAL.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	20.59%	7.99B	Nov 2012	BANK.TO vs VDY.TO
RBNK.TO	RBC Canadian Bank Yield Index ETF	Financials Equities	96	19.94%	454.41M	Oct 2017	BANK.TO vs RBNK.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	75	15.73%	1.29B	Feb 2022	BANK.TO vs HYLD.TO
VCN.TO	Vanguard FTSE Canada All Cap Index ETF	Canada Equities	77	10.48%	15.96B	Aug 2013	BANK.TO vs VCN.TO
VEQT.TO	Vanguard All-Equity ETF Portfolio	Global Equities	81	12.75%	14.70B	Jan 2019	BANK.TO vs VEQT.TO
QMAX.TO	Hamilton Technology YIELD MAXIMIZER ETF	Technology Equities, Derivative Income	52	22.06%	973.00M	Oct 2023	BANK.TO vs QMAX.TO
VDU.TO	Vanguard FTSE Developed All Cap ex U.S. Index ETF	Global Equities	65	16.22%	833.59M	Aug 2013	BANK.TO vs VDU.TO
XEF.TO	iShares Core MSCI EAFE IMI Index ETF	Global Equities	47	9.95%	21.46B	Apr 2013	BANK.TO vs XEF.TO
HDIV.TO	Hamilton Enhanced Multi-Sector Covered Call ETF	Derivative Income	92	16.21%	1.63B	Jul 2021	BANK.TO vs HDIV.TO
CDAY.NEO	Hamilton Enhanced Canadian Equity DayMAX ETF	Derivative Income, Canada Equities	—	13.70%	242.10M	Jul 2025	BANK.TO vs CDAY.NEO
KILO.TO	Purpose Gold Bullion Fund		30	2.15%	1.10B	—	BANK.TO vs KILO.TO
ZEB.TO	BMO Equal Weight Banks Index ETF	Financials Equities	96	19.22%	5.16B	Oct 2009	BANK.TO vs ZEB.TO
HEQT.TO	Horizons All-Equity Asset Allocation ETF	Global Equities	80	13.56%	—	Sep 2019	BANK.TO vs HEQT.TO
ENCC.TO	Global X Canadian Oil and Gas Equity Covered Call ...	Derivative Income, Energy Equities	85	29.01%	759.08M	Apr 2011	BANK.TO vs ENCC.TO
GCVG.L	SPDR Refinitiv Global Convertible Bond GBP Hedged ...	Convertible Bonds	92	18.62%	2.30B	Jan 2022	BANK.TO vs GCVG.L
GLCC.TO	Global X Gold Producer Equity Covered Call ETF	Derivative Income, Gold	39	-0.45%	597.10M	Apr 2011	BANK.TO vs GLCC.TO
HHIS.TO	Harvest Diversified High Income Shares ETF	Derivative Income	32	9.32%	1.82B	Jan 2025	BANK.TO vs HHIS.TO
PXT.TO	Parex Resources Inc.		93	50.33%	—	—	BANK.TO vs PXT.TO

Compare BANK.TO with Any Fund or Stock

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

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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