Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO)

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The chart shows the growth of an initial investment of CA$10,000 in Global X Enhanced Equal Weight Banks Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) has returned 0.85% so far this year and 65.49% over the past 12 months.

Based on dividend-adjusted daily data since Jul 16, 2013, BNKL.TO's average daily return is +0.12%, while the average monthly return is +2.63%. At this rate, your investment would double in approximately 2.2 years.

Historically, 67% of months were positive and 33% were negative. The best month was Dec 2023 with a return of +14.7%, while the worst month was Oct 2023 at -8.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, BNKL.TO closed higher 53% of trading days. The best single day was Apr 14, 2025 with a return of +3.8%, while the worst single day was Apr 4, 2025 at -6.0%.

Global X Enhanced Equal Weight Banks Index ETF has an annualized alpha of 30.21%, beta of 0.31, and R² of 0.08 versus S&P 500 Index. Calculated based on daily prices since July 14, 2023.

• This ETF captured 144.89% of S&P 500 Index gains but only 40.32% of its losses — a favorable profile for investors.
• Beta of 0.31 may look defensive, but with R² of 0.08 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.08 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BNKL.TO has a high expense ratio of 1.33%, indicating above-average management fees.

BNKL.TO ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) and compare them to a chosen benchmark (S&P 500 Index).

Global X Enhanced Equal Weight Banks Index ETF provided a 3.16% dividend yield over the last twelve months, with an annual payout of CA$1.23 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Global X Enhanced Equal Weight Banks Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Global X Enhanced Equal Weight Banks Index ETF. 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 Global X Enhanced Equal Weight Banks Index ETF was 18.58%, occurring on Oct 30, 2023. Recovery took 36 trading sessions.

The current Global X Enhanced Equal Weight Banks Index ETF drawdown is 8.04%.

The chart below shows the rolling one-month volatility.