BANK.TO vs. PINC.TO
BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) and PINC.TO (Purpose Multi-Asset Income Fund) are both Derivative Income funds. BANK.TO is passively managed, while PINC.TO is actively managed. Over the past 3 years, BANK.TO returned 35.53%/yr vs 14.78%/yr for PINC.TO. Their 0.49 correlation means their historical movements had little consistent relationship. BANK.TO charges 0.60%/yr vs 1.04%/yr for PINC.TO.
Performance
BANK.TO vs. PINC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BANK.TO achieves a 33.28% return, which is significantly higher than PINC.TO's 17.29% return.
BANK.TO
- 1D
- 0.61%
- 1M
- 3.03%
- 6M
- 35.25%
- YTD
- 33.28%
- 1Y
- 70.04%
- 3Y*
- 35.53%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.46%
PINC.TO
- 1D
- -0.26%
- 1M
- 1.34%
- 6M
- 15.30%
- YTD
- 17.29%
- 1Y
- 24.86%
- 3Y*
- 14.78%
- 5Y*
- 6.76%
- 10Y*
- —
- ALL TIME*
- 6.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$7.71M | CA$6.93M | CA$5.91M | |
| CA$17.08K | CA$13.56K | CA$13.69K |
BANK.TO vs. PINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 33.28% | 41.00% | 27.90% | 16.23% | -20.47% |
PINC.TO Purpose Multi-Asset Income Fund | 17.29% | 14.41% | 11.54% | 0.95% | -11.57% |
Correlation
The correlation between BANK.TO and PINC.TO is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.49 |
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. PINC.TO — Risk / Return Rank
BANK.TO
PINC.TO
BANK.TO vs. PINC.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 Purpose Multi-Asset Income Fund (PINC.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 | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 1.78 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 8.38 | 6.71 | +1.67 |
| Martin ratioReturn relative to average drawdown | 36.52 | 26.05 | +10.47 |
Loading charts...
Drawdowns
BANK.TO vs. PINC.TO - Drawdown Comparison
The maximum BANK.TO drawdown since its inception was -29.03%, smaller than the maximum PINC.TO drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for BANK.TO and PINC.TO.
Loading charts...
Drawdown Indicators
| BANK.TO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.03% | -43.84% | +14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.27% | -3.59% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -14.49% | -8.55% | -5.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.04% | — |
Current DrawdownCurrent decline from peak | -0.97% | -0.94% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -8.50% | -5.79% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 0.92% | +0.98% |
Volatility
BANK.TO vs. PINC.TO - Volatility Comparison
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) has a higher volatility of 6.14% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.64%. This indicates that BANK.TO's price experiences larger fluctuations and is considered to be riskier than PINC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BANK.TO | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 1.64% | +4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.74% | 5.04% | +6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.55% | 6.37% | +7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 8.38% | +7.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 14.69% | +1.02% |
BANK.TO vs. PINC.TO - Expense Ratio Comparison
BANK.TO has a 0.60% expense ratio, which is lower than PINC.TO's 1.04% expense ratio.
Dividends
BANK.TO vs. PINC.TO - Dividend Comparison
BANK.TO's dividend yield for the trailing twelve months is around 12.29%, more than PINC.TO's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 12.29% | 13.73% | 15.28% | 13.60% | 10.52% | 0.00% | 0.00% | 0.00% | 0.00% |
PINC.TO Purpose Multi-Asset Income Fund | 4.43% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% |
Frequently Asked Questions
BANK.TO and PINC.TO have a correlation of 0.39, 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 1.04% for PINC.TO.
They also come from different issuers: Evolve and Purpose. Their fees differ too: 0.60% for BANK.TO and 1.04% for PINC.TO.
Find the right allocation for BANK.TO and PINC.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