BANK.TO vs. QQCI.TO

Last updated Aug 2, 2026

BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) and QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) are both exchange-traded funds - BANK.TO is a Derivative Income fund tracking the Solactive Canadian Core Financials Equal Weight Index, while QQCI.TO is a Nasdaq-100 fund actively managed by CI. BANK.TO is passively managed, while QQCI.TO is actively managed. Over the past year, BANK.TO returned 70.04% vs 24.09% for QQCI.TO. Their 0.41 correlation means their historical movements had little consistent relationship. BANK.TO charges 0.60%/yr vs 0.21%/yr for QQCI.TO.

Performance

BANK.TO vs. QQCI.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BANK.TO achieves a 33.28% return, which is significantly higher than QQCI.TO's 11.99% 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%

QQCI.TO

• 1D: 1.04%
• 1M: -4.23%
• 6M: 12.17%
• YTD: 11.99%
• 1Y: 24.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	CA$7.71M	CA$6.93M	CA$5.91M
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	CA$141.03K	CA$115.67K	CA$152.23K

BANK.TO vs. QQCI.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	33.28%	41.00%	18.86%
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	11.99%	12.64%	11.81%

Correlation

The correlation between BANK.TO and QQCI.TO is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024	0.41

BANK.TO vs. QQCI.TO - Sectors Allocation Comparison

Sectors	BANK.TO	QQCI.TO
Financial Services	100.0%	0.2%
Basic Materials	-	1.0%
Communication Services	-	13.1%
Consumer Cyclical	-	10.7%
Consumer Defensive	-	6.3%
Energy	-	0.5%
Healthcare	-	3.6%
Industrials	-	2.7%
Real Estate	-	0.1%
Technology	-	60.9%
Utilities	-	1.1%

Return for Risk

BANK.TO vs. QQCI.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BANK.TO

BANK.TO Risk / Return Rank: 98
BANK.TO Sharpe Ratio Rank: 99
BANK.TO Sortino Ratio Rank: 98
BANK.TO Omega Ratio Rank: 98
BANK.TO Calmar Ratio Rank: 97
BANK.TO Martin Ratio Rank: 97

QQCI.TO

QQCI.TO Risk / Return Rank: 66
QQCI.TO Sharpe Ratio Rank: 63
QQCI.TO Sortino Ratio Rank: 61
QQCI.TO Omega Ratio Rank: 60
QQCI.TO Calmar Ratio Rank: 74
QQCI.TO Martin Ratio Rank: 70

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BANK.TO vs. QQCI.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 Invesco NASDAQ 100 Income Advantage ETF (QQCI.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	QQCI.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.12	1.47	+3.65
Sortino ratio: Return per unit of downside risk	6.39	2.05	+4.34
Omega ratio: Gain probability vs. loss probability	1.92	1.26	+0.66
Calmar ratio: Return relative to maximum drawdown	8.38	2.59	+5.79
Martin ratio: Return relative to average drawdown	36.52	8.57	+27.95

BANK.TO vs. QQCI.TO - Sharpe Ratio Comparison

The current BANK.TO Sharpe Ratio is 5.12, which is higher than the QQCI.TO Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of BANK.TO and QQCI.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BANK.TO vs. QQCI.TO - Drawdown Comparison

The maximum BANK.TO drawdown since its inception was -29.03%, which is greater than QQCI.TO's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for BANK.TO and QQCI.TO.

Drawdown Indicators

	BANK.TO	QQCI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.03%	-18.95%	-10.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.27%	-8.48%	+0.21%
Max Drawdown (3Y) Largest decline over 3 years	-14.49%	—	—
Current Drawdown Current decline from peak	-0.97%	-5.84%	+4.87%
Average Drawdown Average peak-to-trough decline	-8.50%	-3.07%	-5.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.56%	-0.66%

Volatility

BANK.TO vs. QQCI.TO - Volatility Comparison

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) has a higher volatility of 6.14% compared to Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) at 4.91%. This indicates that BANK.TO's price experiences larger fluctuations and is considered to be riskier than QQCI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BANK.TO	QQCI.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.14%	4.91%	+1.23%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	11.52%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	13.55%	14.92%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.71%	15.92%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.71%	15.92%	-0.21%

BANK.TO vs. QQCI.TO - Expense Ratio Comparison

BANK.TO has a 0.60% expense ratio, which is higher than QQCI.TO's 0.21% expense ratio.

Dividends

BANK.TO vs. QQCI.TO - Dividend Comparison

BANK.TO's dividend yield for the trailing twelve months is around 12.29%, more than QQCI.TO's 9.32% yield.

Position	TTM	2025	2024	2023	2022
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	12.29%	13.73%	15.28%	13.60%	10.52%
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF	9.32%	9.34%	3.17%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BANK.TO and QQCI.TO in my portfolio?

BANK.TO and QQCI.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BANK.TO or QQCI.TO?

On fees, QQCI.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BANK.TO or QQCI.TO?

QQCI.TO is cheaper with a 0.21% expense ratio, compared with 0.60% for BANK.TO.

What is the main difference between BANK.TO and QQCI.TO?

BANK.TO is categorized as Derivative Income, while QQCI.TO is Nasdaq-100. They also come from different issuers: Evolve and CI. Their fees differ too: 0.60% for BANK.TO and 0.21% for QQCI.TO.