BANK.TO vs. SIXY.TO

Last updated Jun 4, 2026

BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) and SIXY.TO (Evolve Big Six Canadian Banks UltraYield Index ETF) are both exchange-traded funds - BANK.TO is a Derivative Income fund tracking the Solactive Canadian Core Financials Equal Weight Index, while SIXY.TO is a Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. Both are passively managed. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.

Performance

BANK.TO vs. SIXY.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 Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BANK.TO having a 17.36% return and SIXY.TO slightly higher at 17.44%.

BANK.TO

• 1D: -0.47%
• 1M: 6.16%
• YTD: 17.36%
• 6M: 23.52%
• 1Y: 55.24%
• 3Y*: 31.96%
• 5Y*: —
• 10Y*: —

SIXY.TO

• 1D: -0.17%
• 1M: 6.45%
• YTD: 17.44%
• 6M: 23.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	17.36%	5.36%
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	17.44%	5.33%

Correlation

The correlation between BANK.TO and SIXY.TO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.92

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BANK.TO

BANK.TO Risk / Return Rank: 96
BANK.TO Sharpe Ratio Rank: 97
BANK.TO Sortino Ratio Rank: 97
BANK.TO Omega Ratio Rank: 96
BANK.TO Calmar Ratio Rank: 93
BANK.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BANK.TO vs. SIXY.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 Evolve Big Six Canadian Banks UltraYield Index ETF (SIXY.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.

	BANK.TO	SIXY.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.59	—	—
Sortino ratio: Return per unit of downside risk	6.28	—	—
Omega ratio: Gain probability vs. loss probability	1.85	—	—
Calmar ratio: Return relative to maximum drawdown	6.75	—	—
Martin ratio: Return relative to average drawdown	29.78	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BANK.TO	SIXY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	3.10	-2.03

Drawdowns

BANK.TO vs. SIXY.TO - Drawdown Comparison

The maximum BANK.TO drawdown since its inception was -29.03%, which is greater than SIXY.TO's maximum drawdown of -9.64%. Use the drawdown chart below to compare losses from any high point for BANK.TO and SIXY.TO.

Drawdown Indicators

	BANK.TO	SIXY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.03%	-9.64%	-19.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.49%	—	—
Current Drawdown Current decline from peak	-1.16%	-1.39%	+0.23%
Average Drawdown Average peak-to-trough decline	-8.81%	-1.83%	-6.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	—	—

Volatility

Volatility by Period

	BANK.TO	SIXY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.09%	17.32%	-5.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	17.32%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	17.32%	-1.67%

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

Both BANK.TO and SIXY.TO have an expense ratio of 0.60%.

Dividends

BANK.TO vs. SIXY.TO - Dividend Comparison

BANK.TO's dividend yield for the trailing twelve months is around 13.02%, more than SIXY.TO's 8.77% yield.

Position	TTM	2025	2024	2023	2022
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	13.02%	13.73%	15.28%	13.60%	10.52%
SIXY.TO Evolve Big Six Canadian Banks UltraYield Index ETF	8.77%	1.59%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

With a correlation of 0.92, BANK.TO and SIXY.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

BANK.TO and SIXY.TO have the same expense ratio: 0.60% per year.

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

BANK.TO is categorized as Derivative Income, while SIXY.TO is Financials Equities. BANK.TO tracks Solactive Canadian Core Financials Equal Weight Index, while SIXY.TO tracks Solactive Equal Weight Canada Banks Index.