BK.TO vs. UTES.TO
BK.TO (Canadian Banc Corp.) is a stock, while UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) is Derivative Income fund actively managed by Evolve. Over the past year, BK.TO returned 171.84% vs 22.32% for UTES.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
BK.TO vs. UTES.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BK.TO achieves a 55.37% return, which is significantly higher than UTES.TO's 14.43% return.
BK.TO
- 1D
- -0.79%
- 1M
- 13.87%
- 6M
- 59.17%
- YTD
- 55.37%
- 1Y
- 171.84%
- 3Y*
- 53.95%
- 5Y*
- 40.85%
- 10Y*
- 29.16%
UTES.TO
- 1D
- 1.17%
- 1M
- -0.10%
- 6M
- 14.81%
- YTD
- 14.43%
- 1Y
- 22.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BK.TO vs. UTES.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BK.TO Canadian Banc Corp. | 55.37% | 103.67% | 10.27% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 14.43% | 18.66% | -4.15% |
Correlation
The correlation between BK.TO and UTES.TO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.05 |
The correlation between BK.TO and UTES.TO shifts across timeframes, from -0.09 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BK.TO vs. UTES.TO — Risk / Return Rank
BK.TO
UTES.TO
BK.TO vs. UTES.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Banc Corp. (BK.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.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 | UTES.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.47 | ||
| Omega ratioGain probability vs. loss probability | 2.33 | 1.38 | +0.94 |
| Calmar ratioReturn relative to maximum drawdown | 17.39 | 3.51 | +13.88 |
| Martin ratioReturn relative to average drawdown | 51.76 | 10.26 | +41.50 |
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Drawdowns
BK.TO vs. UTES.TO - Drawdown Comparison
The maximum BK.TO drawdown since its inception was -82.39%, which is greater than UTES.TO's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for BK.TO and UTES.TO.
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Drawdown Indicators
| BK.TO | UTES.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.39% | -10.19% | -72.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -6.39% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -25.20% | — | — |
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 | -0.79% | -1.03% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -2.57% | -8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.18% | +1.15% |
Volatility
BK.TO vs. UTES.TO - Volatility Comparison
Canadian Banc Corp. (BK.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) have volatilities of 4.64% and 4.88%, 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.
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Volatility by Period
| BK.TO | UTES.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 4.88% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 22.76% | 8.34% | +14.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.14% | 10.32% | +22.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.26% | 11.33% | +10.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.89% | 11.33% | +15.56% |
Dividends
BK.TO vs. UTES.TO - Dividend Comparison
BK.TO's dividend yield for the trailing twelve months is around 10.32%, less than UTES.TO's 17.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BK.TO Canadian Banc Corp. | 10.32% | 11.93% | 17.47% | 21.76% | 19.24% | 11.81% | 10.74% | 13.71% | 16.33% | 15.40% | 9.93% | 16.49% |
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF | 17.45% | 18.30% | 6.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BK.TO and UTES.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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