BK.TO vs. BANK.TO
BK.TO (Canadian Banc Corp.) is a stock, while BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) is Derivative Income fund tracking the Solactive Canadian Core Financials Equal Weight Index. Over the past 3 years, BK.TO returned 52.77%/yr vs 34.72%/yr for BANK.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
BK.TO vs. BANK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BK.TO achieves a 53.51% return, which is significantly higher than BANK.TO's 31.36% return.
BK.TO
- 1D
- -1.14%
- 1M
- 9.63%
- 6M
- 57.27%
- YTD
- 53.51%
- 1Y
- 165.42%
- 3Y*
- 52.77%
- 5Y*
- 40.76%
- 10Y*
- 29.05%
- ALL TIME*
- 20.35%
BANK.TO
- 1D
- -2.07%
- 1M
- 2.71%
- 6M
- 29.89%
- YTD
- 31.36%
- 1Y
- 66.75%
- 3Y*
- 34.72%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.21%
BK.TO vs. BANK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BK.TO Canadian Banc Corp. | 53.51% | 103.67% | 31.44% | -5.07% | 1.45% |
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 31.36% | 41.00% | 27.90% | 16.23% | -20.47% |
Correlation
The correlation between BK.TO and BANK.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.58 |
The correlation between BK.TO and BANK.TO has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
BK.TO vs. BANK.TO — Risk / Return Rank
BK.TO
BANK.TO
BK.TO vs. BANK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Banc Corp. (BK.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.
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.
| BK.TO | BANK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 2.28 | 1.94 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 16.74 | 8.11 | +8.63 |
| Martin ratioReturn relative to average drawdown | 49.78 | 35.74 | +14.04 |
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Drawdowns
BK.TO vs. BANK.TO - Drawdown Comparison
The maximum BK.TO drawdown since its inception was -82.39%, 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 BK.TO and BANK.TO.
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Drawdown Indicators
| BK.TO | BANK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.39% | -29.03% | -53.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -8.27% | -1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -25.20% | -15.49% | -9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.66% | — | — |
Current DrawdownCurrent decline from peak | -1.98% | -2.15% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -8.56% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 1.87% | +1.47% |
Volatility
BK.TO vs. BANK.TO - Volatility Comparison
Canadian Banc Corp. (BK.TO) has a higher volatility of 4.95% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 4.52%. This indicates that BK.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
| BK.TO | BANK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.52% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 22.81% | 11.19% | +11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.23% | 12.90% | +20.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.19% | 15.64% | +6.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 15.64% | +11.24% |
Dividends
BK.TO vs. BANK.TO - Dividend Comparison
BK.TO's dividend yield for the trailing twelve months is around 10.45%, less than BANK.TO's 11.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 11.95% | 13.73% | 15.28% | 13.60% | 10.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BK.TO Canadian Banc Corp. | 10.45% | 11.93% | 17.47% | 21.76% | 19.24% | 11.81% | 10.74% | 13.71% | 16.33% | 15.40% | 9.93% | 16.49% |
Frequently Asked Questions
BK.TO and BANK.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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