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Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) Sharpe Ratio: 1.75

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.

EBNK.TO's Sharpe Ratio of 1.75 indicates that for each unit of volatility, it generates 1.75 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 15, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

EBNK.TO Sharpe Ratio Rank

EBNK.TO Sharpe Ratio Rank: 67.968
Above Average

EBNK.TO ranks above 67.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

EBNK.TO Sharpe Ratio Market Positioning

The chart shows EBNK.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.74 or lower
  • Yellow zone (middle 50%): 0.74 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 6.48+
  • Median: 1.40 — half of all investments score higher

How it compares to other similar ETFs

The table compares Evolve European Banks Enhanced Yield ETF Hedged CAD's Sharpe Ratio with other ETFs in the Financials Equities, Derivative Income category across multiple time periods, showing how EBNK.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 15, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BNKL.TOGlobal X Enhanced Equal Weight Banks Index ETF5.88
CBNK.TOMulvihill Canadian Bank Enhanced Yield ETF5.85
HCAL.TOHamilton Enhanced Canadian Bank ETF5.60
BANK.TOEvolve Canadian Banks and Lifecos Enhanced Yield Index Fund5.48
ZEB.TOBMO Equal Weight Banks Index ETF5.43
HBNK.TOGlobal X Equal Weight Banks Index ETF5.43
HLIF.TOHarvest Canadian Equity Income Leaders ETF Class A5.32
HEB.TOHamilton Canadian Bank Equal-Weight Index ETF5.24
RBNK.TORBC Canadian Bank Yield Index ETF5.23
ZWB.TOBMO Covered Call Canadian Banks ETF5.10
EBNK.TOEvolve European Banks Enhanced Yield ETF Hedged CAD1.75

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows EBNK.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when EBNK.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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