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

ETF · Currency in CAD · Last updated Jul 15, 2026

This ETF invests equally in the largest European banks and employs a covered call strategy on up to 33% of the portfolio to generate additional income and hedge long stock positions.

Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) belongs to the Financials Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with EBNK.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to EBNK.TO

EBNK.TO charges 0.60% annually. There are 6 ETFs in the Financials Equities category with lower expense ratios, going as low as 0.09%.

SymbolNameExpense RatioAUMInception
HBNK.TO
Global X Equal Weight Banks Index ETF0.09%—Jul 2023EBNK.TO vs HBNK.TO
HEB.TO
Hamilton Canadian Bank Equal-Weight Index ETF0.19%1.44BApr 2023EBNK.TO vs HEB.TO
HXF.TO
Global X S&P/TSX Capped Financials Index Corporate...0.25%132.91MSep 2013EBNK.TO vs HXF.TO
ZEB.TO
BMO Equal Weight Banks Index ETF0.25%7.20BOct 2009EBNK.TO vs ZEB.TO
XUSF.TO
iShares S&P U.S. Financials Index ETF0.25%—Sep 2023EBNK.TO vs XUSF.TO

Best Risk-Adjusted Alternatives to EBNK.TO

EBNK.TO has a PortfoliosLab risk / return rank of 64. There are 16 ETFs in the Financials Equities category with higher risk-adjusted ranks, going as high as 98.

SymbolNameRisk / Return RankAUMInception
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
98
—Feb 2022EBNK.TO vs CBNK.TO
BNKL.TO
Global X Enhanced Equal Weight Banks Index ETF
98
—Jul 2023EBNK.TO vs BNKL.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF
98
1.09BOct 2020EBNK.TO vs HCAL.TO
HBNK.TO
Global X Equal Weight Banks Index ETF
98
—Jul 2023EBNK.TO vs HBNK.TO
ZEB.TO
BMO Equal Weight Banks Index ETF
98
7.20BOct 2009EBNK.TO vs ZEB.TO

Top Performing EBNK.TO Alternatives (YTD)

EBNK.TO is at 14.12% YTD. There are 19 ETFs in the Financials Equities category with higher YTD returns, going as high as 51.40%.

SymbolNameYTD ReturnAUMInception
CFOU.TO
BetaPro S&P/TSX Capped Financials 2x Daily Bull ET...
51.40%
86.75MJun 2007EBNK.TO vs CFOU.TO
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF
47.03%
—Feb 2022EBNK.TO vs CBNK.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETF
43.53%
1.09BOct 2020EBNK.TO vs HCAL.TO
BNKL.TO
Global X Enhanced Equal Weight Banks Index ETF
41.88%
—Jul 2023EBNK.TO vs BNKL.TO
RBNK.TO
RBC Canadian Bank Yield Index ETF
35.30%
508.88MOct 2017EBNK.TO vs RBNK.TO

Lowest Volatility Alternatives to EBNK.TO

EBNK.TO has 20.97% 1-year volatility. There are 24 ETFs in the Financials Equities category with lower 1-year volatility, going as low as 9.14%.

SymbolNameVolatility 1YAUMInception
FIE.TO
iShares Canadian Financial Monthly Income ETF9.14%1.44BApr 2010EBNK.TO vs FIE.TO
CIC.TO
CI Canadian Banks Covered Call Income Class ETF11.84%358.67MAug 2010EBNK.TO vs CIC.TO
HPYB.TO
Harvest Premium Yield Canadian Bank ETF11.87%—Jan 2026EBNK.TO vs HPYB.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF11.96%4.84BJan 2011EBNK.TO vs ZWB.TO
CEW.TO
iShares Equal Weight Banc & Lifeco ETF11.99%435.32MFeb 2008EBNK.TO vs CEW.TO

Lowest Drawdown Alternatives to EBNK.TO

EBNK.TO has a 1-year max drawdown of -14.87%. There are 17 ETFs in the Financials Equities category with shallower 1-year drawdowns, going as shallow as -7.13%.

SymbolNameMax Drawdown 1YAUMInception
CEW.TO
iShares Equal Weight Banc & Lifeco ETF
-7.13%
435.32MFeb 2008EBNK.TO vs CEW.TO
FIE.TO
iShares Canadian Financial Monthly Income ETF
-7.19%
1.44BApr 2010EBNK.TO vs FIE.TO
XFN.TO
iShares S&P/TSX Capped Financials Index ETF
-7.80%
2.34BMar 2001EBNK.TO vs XFN.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
-7.82%
4.84BJan 2011EBNK.TO vs ZWB.TO
HXF.TO
Global X S&P/TSX Capped Financials Index Corporate...
-7.94%
132.91MSep 2013EBNK.TO vs HXF.TO

Other ETFs from Evolve

The 10 most viewed Evolve ETFs shown here include BANK.TO, UTES.TO, QQQT.TO and span 6 categories. AUM among these funds goes as high as $1B.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...Derivative Income
98
31.92%
1.26BFeb 2022EBNK.TO vs BANK.TO
UTES.TO
Evolve Canadian Utilities Enhanced Yield Index Fun...Derivative Income
75
12.01%
431.22MSep 2024EBNK.TO vs UTES.TO
QQQT.TO
Evolve NASDAQ Technology Index Fund CAD HedgedNasdaq-100, Technology Equities
70
26.41%
175.95MJul 2023EBNK.TO vs QQQT.TO
QQQY.TO
Evolve NASDAQ Technology Enhanced Yield Index FundNasdaq-100, Derivative Income
61
16.53%
135.03MOct 2025EBNK.TO vs QQQY.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
14.73%
—Sep 2025EBNK.TO vs CANY.TO
BIGY.TO
Evolve US Equity UltraYield ETFDerivative Income—
-11.40%
—Sep 2025EBNK.TO vs BIGY.TO
SIXY.TO
Evolve Big Six Canadian Banks UltraYield Index ETFFinancials Equities—
33.36%
—Dec 2025EBNK.TO vs SIXY.TO
OILY.TO
Evolve Canadian Energy Enhanced Yield Index Fund E...Energy Equities
72
31.00%
—Mar 2025EBNK.TO vs OILY.TO
TECH.TO
Evolve FANGMA Index ETF Hedged CADTechnology Equities
15
-1.40%
151.35MMay 2021EBNK.TO vs TECH.TO
ETSX.TO
Evolve S&P/TSX 60 Enhanced Yield Fund CAD UnhedgedDerivative Income, Canada Equities
88
10.48%
216.50MJan 2023EBNK.TO vs ETSX.TO

Often Compared With EBNK.TO

Investors most often compare EBNK.TO with FCIM.NEO, CLML.TO, TTP.TO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
FCIM.NEO
Fidelity International Momentum Index ETFMomentum, International Equity
76
20.73%
—Jun 2020EBNK.TO vs FCIM.NEO
CLML.TO
CI Global Climate Leaders Fund
75
28.47%
——EBNK.TO vs CLML.TO
TTP.TO
TD Canadian Equity Index ETFCanada Equities
88
12.74%
6.31BMar 2016EBNK.TO vs TTP.TO
ZWE.TO
BMO Europe High Dividend Covered Call Hedged to CA...Foreign Large Cap Equities
43
5.74%
765.75MSep 2015EBNK.TO vs ZWE.TO
VIDY.TO
Vanguard FTSE Developed ex North America High Divi...Foreign Large Cap Equities, Dividend
85
16.04%
2.00BAug 2018EBNK.TO vs VIDY.TO
VCN.TO
Vanguard FTSE Canada All Cap Index ETFCanada Equities
88
12.46%
16.37BAug 2013EBNK.TO vs VCN.TO
PDIV.TO
Purpose Enhanced Dividend Fund ETFDividend
92
9.98%
229.70MJan 2018EBNK.TO vs PDIV.TO
XYLG
Global X S&P 500 Covered Call & Growth ETFDerivative Income, S&P 500
77
8.95%
66.22MSep 2020EBNK.TO vs XYLG
FTHI
First Trust BuyWrite Income ETFDerivative Income
61
5.73%
2.38BJan 2014EBNK.TO vs FTHI
COPP.TO
Global X Copper Producers Index ETFCopper
49
8.80%
176.79MMay 2022EBNK.TO vs COPP.TO
HHIS.TO
Harvest Diversified High Income Shares ETFDerivative Income
22
8.76%
1.87BJan 2025EBNK.TO vs HHIS.TO
TBNK.TO
TD Canadian Bank Dividend Index ETFDividend
98
34.90%
400.72MApr 2023EBNK.TO vs TBNK.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
-31.39%
—Sep 2025EBNK.TO vs CRCY.TO
BASE.TO
Evolve Global Materials & Mining Enhanced Yield In...Materials
56
17.22%
100.24MJun 2019EBNK.TO vs BASE.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETFNasdaq-100, Derivative Income
76
12.50%
136.22MSep 2024EBNK.TO vs JEPQ.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class ADerivative Income
98
19.36%
180.28MJun 2022EBNK.TO vs HLIF.TO
HISA.NEO
Evolve High Interest Savings Account ETFMoney Market
99
1.08%
2.60BNov 2019EBNK.TO vs HISA.NEO
ENCC.TO
Global X Canadian Oil and Gas Equity Covered Call ...Derivative Income, Energy Equities
89
27.97%
714.60MApr 2011EBNK.TO vs ENCC.TO
HMAX.TO
Hamilton Canadian Financials Yield Maximizer ETFDerivative Income
96
20.57%
2.53BJan 2023EBNK.TO vs HMAX.TO
HBA.TO
Hamilton Australian Bank Equal-Weight Index ETFFinancials Equities
20
4.81%
135.50MJun 2020EBNK.TO vs HBA.TO

Compare EBNK.TO with Any Fund or Stock

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

 

Diversifiers

Pair EBNK.TO with funds that move differently

Evolve European Banks Enhanced Yield ETF Hedged CAD alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to EBNK.TO.

Explore EBNK.TO Diversifiers