Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO)

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

Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) has returned -4.60% so far this year and 26.42% over the past 12 months.

Based on dividend-adjusted daily data since Jan 14, 2002, EBNK.TO's average daily return is +0.09%, while the average monthly return is +1.76%. At this rate, your investment would double in approximately 3.3 years.

Historically, 65% of months were positive and 35% were negative. The best month was Feb 2025 with a return of +11.3%, while the worst month was Feb 2022 at -12.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, EBNK.TO closed higher 53% of trading days. The best single day was Jul 19, 2024 with a return of +18.2%, while the worst single day was Jul 22, 2024 at -15.0%.

Evolve European Banks Enhanced Yield ETF Hedged CAD has an annualized alpha of 12.59%, beta of 0.62, and R² of 0.13 versus S&P 500 Index. Calculated based on daily prices since January 12, 2022.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (72.05%) than losses (26.84%) — typical of diversified or defensive assets.
• Beta of 0.62 may look defensive, but with R² of 0.13 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 0.13 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.

EBNK.TO has an expense ratio of 0.60%, placing it in the medium range.

EBNK.TO ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) and compare them to a chosen benchmark (S&P 500 Index).

Evolve European Banks Enhanced Yield ETF Hedged CAD provided a 10.81% dividend yield over the last twelve months, with an annual payout of CA$1.60 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Evolve European Banks Enhanced Yield ETF Hedged CAD. 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 Evolve European Banks Enhanced Yield ETF Hedged CAD. 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 European Banks Enhanced Yield ETF Hedged CAD was 31.02%, occurring on Mar 7, 2022. Recovery took 228 trading sessions.

The current Evolve European Banks Enhanced Yield ETF Hedged CAD drawdown is 11.20%.

The chart below shows the rolling one-month volatility.