BANK.TO vs. VEQT.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and Vanguard All-Equity ETF Portfolio (VEQT.TO).

BANK.TO and VEQT.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. VEQT.TO is an actively managed fund by Vanguard. It was launched on Jan 29, 2019.

Performance

BANK.TO vs. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.TO). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	-2.91%	41.00%	27.90%	16.23%	-20.47%
VEQT.TO Vanguard All-Equity ETF Portfolio	0.63%	20.37%	24.73%	16.70%	-8.85%

Returns By Period

In the year-to-date period, BANK.TO achieves a -2.91% return, which is significantly lower than VEQT.TO's 0.63% return.

BANK.TO

• 1D: 0.00%
• 1M: -6.04%
• YTD: -2.91%
• 6M: 11.86%
• 1Y: 36.24%
• 3Y*: 24.86%
• 5Y*: —
• 10Y*: —

VEQT.TO

• 1D: 2.72%
• 1M: -4.40%
• YTD: 0.63%
• 6M: 3.57%
• 1Y: 21.64%
• 3Y*: 18.51%
• 5Y*: 12.03%
• 10Y*: —

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

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

BANK.TO has a 0.60% expense ratio, which is higher than VEQT.TO's 0.24% expense ratio.

BANK.TO

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

VEQT.TO

Vanguard All-Equity ETF Portfolio

Return for Risk

BANK.TO vs. VEQT.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: 96
BANK.TO Omega Ratio Rank: 97
BANK.TO Calmar Ratio Rank: 94
BANK.TO Martin Ratio Rank: 95

VEQT.TO

VEQT.TO Risk / Return Rank: 79
VEQT.TO Sharpe Ratio Rank: 78
VEQT.TO Sortino Ratio Rank: 78
VEQT.TO Omega Ratio Rank: 81
VEQT.TO Calmar Ratio Rank: 76
VEQT.TO Martin Ratio Rank: 82

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. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.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	VEQT.TO	Difference
Sharpe ratio Return per unit of total volatility	2.68	1.37	+1.31
Sortino ratio Return per unit of downside risk	3.35	1.89	+1.45
Omega ratio Gain probability vs. loss probability	1.52	1.30	+0.23
Calmar ratio Return relative to maximum drawdown	3.53	1.88	+1.65
Martin ratio Return relative to average drawdown	14.43	8.54	+5.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current BANK.TO Sharpe Ratio is 2.68, which is higher than the VEQT.TO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of BANK.TO and VEQT.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BANK.TO	VEQT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	1.37	+1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.81	-0.02

Correlation

The correlation between BANK.TO and VEQT.TO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BANK.TO vs. VEQT.TO - Dividend Comparison

BANK.TO's dividend yield for the trailing twelve months is around 14.81%, more than VEQT.TO's 1.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	14.81%	13.73%	15.28%	13.60%	10.52%	0.00%	0.00%	0.00%
VEQT.TO Vanguard All-Equity ETF Portfolio	1.41%	1.42%	1.58%	1.88%	2.09%	1.40%	1.48%	1.42%

Drawdowns

BANK.TO vs. VEQT.TO - Drawdown Comparison

The maximum BANK.TO drawdown since its inception was -29.03%, roughly equal to the maximum VEQT.TO drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for BANK.TO and VEQT.TO.

Drawdown Indicators

	BANK.TO	VEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.03%	-30.45%	+1.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.61%	-11.87%	+1.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.32%	—
Current Drawdown Current decline from peak	-7.32%	-4.98%	-2.34%
Average Drawdown Average peak-to-trough decline	-9.16%	-3.78%	-5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	2.62%	-0.02%

Volatility

BANK.TO vs. VEQT.TO - Volatility Comparison

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) and Vanguard All-Equity ETF Portfolio (VEQT.TO) have volatilities of 5.87% and 5.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BANK.TO	VEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	5.90%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.35%	9.38%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.60%	15.87%	-2.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	12.79%	+2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.64%	15.84%	-0.20%