BANK.TO vs. BCCL.NEO
BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) and BCCL.NEO (Global X Enhanced Bitcoin Covered Call ETF) are both Derivative Income funds. BANK.TO is passively managed, while BCCL.NEO is actively managed. Over the past year, BANK.TO returned 64.23% vs -40.39% for BCCL.NEO. At a 0.23 correlation, their price movements are largely independent.
Performance
BANK.TO vs. BCCL.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, BANK.TO achieves a 23.62% return, which is significantly higher than BCCL.NEO's -29.24% return.
BANK.TO
- 1D
- 1.08%
- 1M
- 8.67%
- YTD
- 23.62%
- 6M
- 25.01%
- 1Y
- 64.23%
- 3Y*
- 34.20%
- 5Y*
- —
- 10Y*
- —
BCCL.NEO
- 1D
- 3.95%
- 1M
- -23.48%
- YTD
- -29.24%
- 6M
- -31.76%
- 1Y
- -40.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BANK.TO vs. BCCL.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 23.62% | 39.40% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | -29.24% | -6.82% |
Correlation
The correlation between BANK.TO and BCCL.NEO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 5, 2025 | 0.23 |
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Return for Risk
BANK.TO vs. BCCL.NEO — Risk / Return Rank
BANK.TO
BCCL.NEO
BANK.TO vs. BCCL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BANK.TO | BCCL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.14 | ||
| Sortino ratioReturn per unit of downside risk | +8.37 | ||
| Omega ratioGain probability vs. loss probability | 1.97 | 0.85 | +1.11 |
| Calmar ratioReturn relative to maximum drawdown | 7.70 | -0.76 | +8.46 |
| Martin ratioReturn relative to average drawdown | 34.12 | -1.34 | +35.46 |
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Drawdowns
BANK.TO vs. BCCL.NEO - Drawdown Comparison
The maximum BANK.TO drawdown since its inception was -29.03%, smaller than the maximum BCCL.NEO drawdown of -55.27%. Use the drawdown chart below to compare losses from any high point for BANK.TO and BCCL.NEO.
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Drawdown Indicators
| BANK.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -55.27% | +26.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.27% | -55.27% | +47.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.49% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -51.84% | +51.84% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -23.09% | +14.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 31.07% | -29.21% |
Volatility
BANK.TO vs. BCCL.NEO - Volatility Comparison
The current volatility for Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) is 4.04%, while Global X Enhanced Bitcoin Covered Call ETF (BCCL.NEO) has a volatility of 15.04%. This indicates that BANK.TO experiences smaller price fluctuations and is considered to be less risky than BCCL.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BANK.TO | BCCL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 15.04% | -11.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 33.17% | -22.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 44.72% | -32.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 44.26% | -28.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.66% | 44.26% | -28.60% |
Dividends
BANK.TO vs. BCCL.NEO - Dividend Comparison
BANK.TO's dividend yield for the trailing twelve months is around 12.36%, less than BCCL.NEO's 41.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 12.36% | 13.73% | 15.28% | 13.60% | 10.52% |
BCCL.NEO Global X Enhanced Bitcoin Covered Call ETF | 39.89% | 16.02% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BANK.TO and BCCL.NEO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Evolve and Global X.
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