BANK.TO vs. VCN.TO
Compare and contrast key facts about Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO).
BANK.TO and VCN.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BANK.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Canadian Core Financials Equal Weight Index. It was launched on Feb 1, 2022. VCN.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada All Cap Domestic Index. It was launched on Aug 2, 2013. Both BANK.TO and VCN.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BANK.TO or VCN.TO.
Correlation
The correlation between BANK.TO and VCN.TO is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BANK.TO vs. VCN.TO - Performance Comparison
Key characteristics
BANK.TO:
2.50
VCN.TO:
2.51
BANK.TO:
3.30
VCN.TO:
3.43
BANK.TO:
1.46
VCN.TO:
1.46
BANK.TO:
2.73
VCN.TO:
4.70
BANK.TO:
11.05
VCN.TO:
15.07
BANK.TO:
2.47%
VCN.TO:
1.64%
BANK.TO:
10.94%
VCN.TO:
9.83%
BANK.TO:
-29.03%
VCN.TO:
-37.32%
BANK.TO:
-1.67%
VCN.TO:
-0.94%
Returns By Period
In the year-to-date period, BANK.TO achieves a 0.61% return, which is significantly lower than VCN.TO's 3.78% return.
BANK.TO
0.61%
0.36%
18.53%
27.99%
N/A
N/A
VCN.TO
3.78%
1.26%
13.04%
25.02%
11.10%
8.57%
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BANK.TO vs. VCN.TO - Expense Ratio Comparison
BANK.TO has a 0.60% expense ratio, which is higher than VCN.TO's 0.05% expense ratio.
Risk-Adjusted Performance
BANK.TO vs. VCN.TO — Risk-Adjusted Performance Rank
BANK.TO
VCN.TO
BANK.TO vs. VCN.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.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.
Dividends
BANK.TO vs. VCN.TO - Dividend Comparison
BANK.TO's dividend yield for the trailing twelve months is around 15.52%, more than VCN.TO's 2.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 15.52% | 15.28% | 13.60% | 10.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VCN.TO Vanguard FTSE Canada All Cap Index ETF | 2.61% | 2.71% | 3.00% | 3.17% | 2.49% | 2.72% | 2.87% | 2.82% | 2.30% | 2.36% | 2.66% | 1.86% |
Drawdowns
BANK.TO vs. VCN.TO - Drawdown Comparison
The maximum BANK.TO drawdown since its inception was -29.03%, smaller than the maximum VCN.TO drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for BANK.TO and VCN.TO. For additional features, visit the drawdowns tool.
Volatility
BANK.TO vs. VCN.TO - Volatility Comparison
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) has a higher volatility of 3.27% compared to Vanguard FTSE Canada All Cap Index ETF (VCN.TO) at 3.04%. This indicates that BANK.TO's price experiences larger fluctuations and is considered to be riskier than VCN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.