BANK.TO vs. DXQ.TO
BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) and DXQ.TO (Dynamic Active Enhanced Yield Covered Options ETF) are both Derivative Income funds. BANK.TO is passively managed, while DXQ.TO is actively managed. Over the past 3 years, BANK.TO returned 37.07%/yr vs 17.51%/yr for DXQ.TO. At a 0.36 correlation, their price movements are largely independent. BANK.TO charges 0.60%/yr vs 0.72%/yr for DXQ.TO.
Performance
BANK.TO vs. DXQ.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BANK.TO achieves a 26.80% return, which is significantly higher than DXQ.TO's 7.63% return.
BANK.TO
- 1D
- -0.52%
- 1M
- 6.79%
- YTD
- 26.80%
- 6M
- 26.41%
- 1Y
- 65.15%
- 3Y*
- 37.07%
- 5Y*
- —
- 10Y*
- —
DXQ.TO
- 1D
- -0.25%
- 1M
- 0.61%
- YTD
- 7.63%
- 6M
- 7.76%
- 1Y
- 17.05%
- 3Y*
- 17.51%
- 5Y*
- —
- 10Y*
- —
BANK.TO vs. DXQ.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 26.80% | 41.00% | 27.90% | 16.23% | -1.28% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.63% | 12.99% | 21.07% | 20.08% | 3.57% |
Correlation
The correlation between BANK.TO and DXQ.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022 | 0.36 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BANK.TO vs. DXQ.TO — Risk / Return Rank
BANK.TO
DXQ.TO
BANK.TO vs. DXQ.TO - 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 Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO). 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 | DXQ.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.50 | ||
| Sortino ratioReturn per unit of downside risk | +4.60 | ||
| Omega ratioGain probability vs. loss probability | 1.99 | 1.35 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 7.91 | 3.35 | +4.56 |
| Martin ratioReturn relative to average drawdown | 35.05 | 9.30 | +25.75 |
Loading charts...
Drawdowns
BANK.TO vs. DXQ.TO - Drawdown Comparison
The maximum BANK.TO drawdown since its inception was -29.03%, which is greater than DXQ.TO's maximum drawdown of -15.54%. Use the drawdown chart below to compare losses from any high point for BANK.TO and DXQ.TO.
Loading charts...
Drawdown Indicators
| BANK.TO | DXQ.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -15.54% | -13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.27% | -5.11% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.49% | -15.54% | +0.05% |
Current DrawdownCurrent decline from peak | -0.86% | -1.63% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -8.68% | -1.26% | -7.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.84% | +0.02% |
Volatility
BANK.TO vs. DXQ.TO - Volatility Comparison
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) has a higher volatility of 3.78% compared to Dynamic Active Enhanced Yield Covered Options ETF (DXQ.TO) at 3.10%. This indicates that BANK.TO's price experiences larger fluctuations and is considered to be riskier than DXQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BANK.TO | DXQ.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.10% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.57% | 7.56% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.27% | 9.36% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.62% | 10.93% | +4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 10.93% | +4.69% |
BANK.TO vs. DXQ.TO - Expense Ratio Comparison
BANK.TO has a 0.60% expense ratio, which is lower than DXQ.TO's 0.72% expense ratio.
Dividends
BANK.TO vs. DXQ.TO - Dividend Comparison
BANK.TO's dividend yield for the trailing twelve months is around 12.05%, more than DXQ.TO's 7.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 12.05% | 13.73% | 15.28% | 13.60% | 10.52% |
DXQ.TO Dynamic Active Enhanced Yield Covered Options ETF | 7.71% | 7.45% | 5.74% | 6.54% | 1.83% |
Frequently Asked Questions
BANK.TO and DXQ.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BANK.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BANK.TO is cheaper with a 0.60% expense ratio, compared with 0.72% for DXQ.TO.
They also come from different issuers: Evolve and Dynamic. Their fees differ too: 0.60% for BANK.TO and 0.72% for DXQ.TO.
Find the right allocation for BANK.TO and DXQ.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer