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BASE.TO vs. BANK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BASE.TO vs. BANK.TO

Last updated Jun 4, 2026

BASE.TO (Evolve Global Materials & Mining Enhanced Yield Index ETF) and BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both exchange-traded funds - BASE.TO is a Materials fund tracking the Solactive Materials & Mining, while BANK.TO is a Derivative Income fund tracking the Solactive Canadian Core Financials Equal Weight Index. Both are passively managed. Over the past 3 years, BASE.TO returned 18.08%/yr vs 31.96%/yr for BANK.TO. At a 0.49 correlation, their price movements are largely independent. BASE.TO charges 0.00%/yr vs 0.60%/yr for BANK.TO.

Performance

BASE.TO vs. BANK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BASE.TO achieves a 29.75% return, which is significantly higher than BANK.TO's 17.36% return.

BASE.TO

1D
-0.88%
1M
6.77%
YTD
29.75%
6M
33.42%
1Y
59.98%
3Y*
18.08%
5Y*
8.92%
10Y*
—

BANK.TO

1D
-0.47%
1M
6.16%
YTD
17.36%
6M
23.52%
1Y
55.24%
3Y*
31.96%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
BASE.TO
Evolve Global Materials & Mining Enhanced Yield Index ETF		29.75%30.33%-13.56%17.50%-5.17%
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		17.36%41.00%27.90%16.23%-20.47%

Correlation

The correlation between BASE.TO and BANK.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2022

0.49

The correlation between BASE.TO and BANK.TO shifts across timeframes, from 0.36 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

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

Sectors
BASE.TO
BANK.TO

Basic Materials

90.4%

-

Industrials

9.6%

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Financial Services

-

100.0%

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Basic Materials

BASE.TO
90.4%
BANK.TO

-

Industrials

BASE.TO
9.6%
BANK.TO

-

Communication Services

BASE.TO

-

BANK.TO

-

Consumer Cyclical

BASE.TO

-

BANK.TO

-

Consumer Defensive

BASE.TO

-

BANK.TO

-

Energy

BASE.TO

-

BANK.TO

-

Financial Services

BASE.TO

-

BANK.TO
100.0%

Healthcare

BASE.TO

-

BANK.TO

-

Real Estate

BASE.TO

-

BANK.TO

-

Technology

BASE.TO

-

BANK.TO

-

Utilities

BASE.TO

-

BANK.TO

-

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Evolve Global Materials & Mining Enhanced Yield Index ETF

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

Often compared with BASE.TO:
BASE.TO vs. OILY.TOBASE.TO vs. UTES.TOBASE.TO vs. BIGY.TOBASE.TO vs. HDIV.TOBASE.TO vs. CANY.TOBASE.TO vs. ENCC.TOBASE.TO vs. QQQT.TO
Often compared with BANK.TO:
BANK.TO vs. HMAX.TOBANK.TO vs. HCAL.TOBANK.TO vs. VDY.TOBANK.TO vs. RBNK.TOBANK.TO vs. HYLD.TOBANK.TO vs. VCN.TOBANK.TO vs. VEQT.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BASE.TO
BASE.TO Risk / Return Rank: 7979
Overall Rank
BASE.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
BASE.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
BASE.TO Omega Ratio Rank: 7575
Omega Ratio Rank
BASE.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
BASE.TO Martin Ratio Rank: 8282
Martin Ratio Rank
BANK.TO
BANK.TO Risk / Return Rank: 9696
Overall Rank
BANK.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BANK.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
BANK.TO Omega Ratio Rank: 9696
Omega Ratio Rank
BANK.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
BANK.TO Martin Ratio Rank: 9595
Martin Ratio Rank
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.

BASE.TO vs. BANK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.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.

BASE.TOBANK.TODifference
Sharpe ratioReturn per unit of total volatility
2.71
4.59

-1.89

Sortino ratioReturn per unit of downside risk
3.38
6.28

-2.90

Omega ratioGain probability vs. loss probability

1.45

1.85

-0.40

Calmar ratioReturn relative to maximum drawdown

3.85

6.75

-2.90

Martin ratioReturn relative to average drawdown

16.44

29.78

-13.34

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current BASE.TO Sharpe Ratio is 2.71, which is lower than the BANK.TO Sharpe Ratio of 4.59. The chart below compares the historical Sharpe Ratios of BASE.TO and BANK.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.

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Sharpe Ratios by Period

BASE.TOBANK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.71

4.59

-1.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

1.08

-0.49

Drawdowns

BASE.TO vs. BANK.TO - Drawdown Comparison

The maximum BASE.TO drawdown since its inception was -33.43%, which is greater than BANK.TO's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for BASE.TO and BANK.TO.

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Drawdown Indicators

BASE.TOBANK.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.43%

-29.03%

-4.40%

Max Drawdown (1Y)

Largest decline over 1 year

-15.68%

-8.23%

-7.45%

Max Drawdown (3Y)

Largest decline over 3 years

-24.11%

-15.49%

-8.62%

Max Drawdown (5Y)

Largest decline over 5 years

-33.43%

—

—

Current Drawdown

Current decline from peak

-0.99%

-1.16%

+0.17%

Average Drawdown

Average peak-to-trough decline

-9.31%

-8.81%

-0.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.66%

1.86%

+1.80%

Volatility

BASE.TO vs. BANK.TO - Volatility Comparison

Evolve Global Materials & Mining Enhanced Yield Index ETF (BASE.TO) has a higher volatility of 7.55% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 4.28%. This indicates that BASE.TO's price experiences larger fluctuations and is considered to be riskier than BANK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BASE.TOBANK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.55%

4.28%

+3.27%

Volatility (6M)

Calculated over the trailing 6-month period

17.54%

10.45%

+7.09%

Volatility (1Y)

Calculated over the trailing 1-year period

22.27%

12.09%

+10.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.01%

15.65%

+7.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.37%

15.65%

+10.72%

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

BASE.TO has a 0.00% expense ratio, which is lower than BANK.TO's 0.60% expense ratio.

Dividends

BASE.TO vs. BANK.TO - Dividend Comparison

BASE.TO's dividend yield for the trailing twelve months is around 7.85%, less than BANK.TO's 13.02% yield.

PositionTTM2025202420232022202120202019
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		13.02%13.73%15.28%13.60%10.52%0.00%0.00%0.00%
BASE.TO
Evolve Global Materials & Mining Enhanced Yield Index ETF		7.85%9.55%11.20%8.80%8.96%5.95%4.67%2.88%

Frequently Asked Questions

BASE.TO and BANK.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BASE.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BASE.TO is cheaper with a 0.00% expense ratio, compared with 0.60% for BANK.TO.

BASE.TO is categorized as Materials, while BANK.TO is Derivative Income. BASE.TO tracks Solactive Materials & Mining, while BANK.TO tracks Solactive Canadian Core Financials Equal Weight Index. Their fees differ too: 0.00% for BASE.TO and 0.60% for BANK.TO.

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