BIGY vs. BANK.TO

Last updated Jun 25, 2026

BIGY ( YieldMax Target 12™ Big 50 Option Income ETF) and BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both Derivative Income funds. BIGY is actively managed, while BANK.TO is passively managed. Over the past year, BIGY returned 18.99% vs 59.56% for BANK.TO. At a 0.44 correlation, their price movements are largely independent. BIGY charges 0.99%/yr vs 0.60%/yr for BANK.TO.

Performance

BIGY vs. BANK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Big 50 Option Income ETF (BIGY) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BIGY is traded in USD, while BANK.TO is traded in CAD. To make them comparable, the BANK.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BIGY achieves a 3.60% return, which is significantly lower than BANK.TO's 22.21% return.

BIGY

• 1D: -0.35%
• 1M: -2.06%
• YTD: 3.60%
• 6M: 2.98%
• 1Y: 18.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BANK.TO

• 1D: -0.88%
• 1M: 3.73%
• YTD: 22.21%
• 6M: 21.74%
• 1Y: 59.56%
• 3Y*: 33.56%
• 5Y*: —
• 10Y*: —

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

BIGY vs. BANK.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BIGY YieldMax Target 12™ Big 50 Option Income ETF	3.60%	19.14%	-0.10%
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	22.21%	47.74%	-3.12%

Correlation

The correlation between BIGY and BANK.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.44

BIGY vs. BANK.TO - Sectors Allocation Comparison

Sectors	BIGY	BANK.TO
Technology	35.2%	-
Financial Services	12.7%	100.0%
Communication Services	11.5%	-
Healthcare	11.1%	-
Consumer Defensive	10.7%	-
Consumer Cyclical	10.2%	-
Industrials	5.3%	-
Energy	3.9%	-
Basic Materials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

BIGY vs. BANK.TO — Risk / Return Rank

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

BIGY

BIGY Risk / Return Rank: 55
BIGY Sharpe Ratio Rank: 57
BIGY Sortino Ratio Rank: 55
BIGY Omega Ratio Rank: 56
BIGY Calmar Ratio Rank: 51
BIGY Martin Ratio Rank: 55

BANK.TO

BANK.TO Risk / Return Rank: 97
BANK.TO Sharpe Ratio Rank: 98
BANK.TO Sortino Ratio Rank: 98
BANK.TO Omega Ratio Rank: 98
BANK.TO Calmar Ratio Rank: 96
BANK.TO Martin Ratio Rank: 97

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.

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

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Big 50 Option Income ETF (BIGY) 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.

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.

	BIGY	BANK.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.72	4.68	-2.96
Sortino ratio: Return per unit of downside risk	2.36	6.25	-3.89
Omega ratio: Gain probability vs. loss probability	1.31	1.82	-0.51
Calmar ratio: Return relative to maximum drawdown	2.29	6.76	-4.47
Martin ratio: Return relative to average drawdown	8.63	29.40	-20.77

BIGY vs. BANK.TO - Sharpe Ratio Comparison

The current BIGY Sharpe Ratio is 1.72, which is lower than the BANK.TO Sharpe Ratio of 4.68. The chart below compares the historical Sharpe Ratios of BIGY 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.

Drawdowns

BIGY vs. BANK.TO - Drawdown Comparison

The maximum BIGY drawdown since its inception was -18.93%, smaller than the maximum BANK.TO drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for BIGY and BANK.TO.

Drawdown Indicators

	BIGY	BANK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.93%	-34.74%	+15.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.86%	+0.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.37%	—
Current Drawdown Current decline from peak	-3.40%	-1.34%	-2.06%
Average Drawdown Average peak-to-trough decline	-2.55%	-11.50%	+8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.03%	+0.18%

Volatility

BIGY vs. BANK.TO - Volatility Comparison

YieldMax Target 12™ Big 50 Option Income ETF (BIGY) has a higher volatility of 4.01% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 3.80%. This indicates that BIGY'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.

Volatility by Period

	BIGY	BANK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	3.80%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	10.91%	-2.52%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	12.81%	-1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.75%	17.09%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	17.09%	-0.34%

BIGY vs. BANK.TO - Expense Ratio Comparison

BIGY has a 0.99% expense ratio, which is higher than BANK.TO's 0.60% expense ratio.

Dividends

BIGY vs. BANK.TO - Dividend Comparison

BIGY's dividend yield for the trailing twelve months is around 12.53%, more than BANK.TO's 12.05% yield.

Position	TTM	2025	2024	2023	2022
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	12.05%	13.73%	15.28%	13.60%	10.52%
BIGY YieldMax Target 12™ Big 50 Option Income ETF	12.53%	12.49%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

BIGY and BANK.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BIGY or BANK.TO?

On fees, BANK.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BIGY or BANK.TO?

BANK.TO is cheaper with a 0.60% expense ratio, compared with 0.99% for BIGY.

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

They also come from different issuers: YieldMax and Evolve. Their fees differ too: 0.99% for BIGY and 0.60% for BANK.TO.