BNKL.TO vs. DXF.TO
BNKL.TO (Global X Enhanced Equal Weight Banks Index ETF) and DXF.TO (Dynamic Active Global Financial Services ETF) are both Financials Equities funds. BNKL.TO is passively managed, while DXF.TO is actively managed. Over the past 3 years, BNKL.TO returned 46.15%/yr vs 22.15%/yr for DXF.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
BNKL.TO vs. DXF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BNKL.TO achieves a 44.30% return, which is significantly higher than DXF.TO's 2.80% return.
BNKL.TO
- 1D
- -0.45%
- 1M
- 7.43%
- 6M
- 41.70%
- YTD
- 44.30%
- 1Y
- 94.72%
- 3Y*
- 46.15%
- 5Y*
- —
- 10Y*
- —
DXF.TO
- 1D
- 0.37%
- 1M
- 3.46%
- 6M
- 1.39%
- YTD
- 2.80%
- 1Y
- 5.06%
- 3Y*
- 22.15%
- 5Y*
- 9.96%
- 10Y*
- —
BNKL.TO vs. DXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 44.30% | 55.98% | 29.92% | 7.40% |
DXF.TO Dynamic Active Global Financial Services ETF | 2.80% | 17.12% | 36.17% | 12.81% |
Correlation
The correlation between BNKL.TO and DXF.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.35 |
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Return for Risk
BNKL.TO vs. DXF.TO — Risk / Return Rank
BNKL.TO
DXF.TO
BNKL.TO vs. DXF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) and Dynamic Active Global Financial Services ETF (DXF.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.
| BNKL.TO | DXF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.44 | ||
| Sortino ratioReturn per unit of downside risk | +6.76 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 1.09 | +0.93 |
| Calmar ratioReturn relative to maximum drawdown | 8.83 | 0.40 | +8.43 |
| Martin ratioReturn relative to average drawdown | 38.22 | 1.01 | +37.22 |
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Drawdowns
BNKL.TO vs. DXF.TO - Drawdown Comparison
The maximum BNKL.TO drawdown since its inception was -18.58%, smaller than the maximum DXF.TO drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for BNKL.TO and DXF.TO.
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Drawdown Indicators
| BNKL.TO | DXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -35.27% | +16.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -14.42% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -14.42% | -4.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.06% | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.27% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -7.66% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 5.76% | -3.27% |
Volatility
BNKL.TO vs. DXF.TO - Volatility Comparison
Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) has a higher volatility of 5.26% compared to Dynamic Active Global Financial Services ETF (DXF.TO) at 4.95%. This indicates that BNKL.TO's price experiences larger fluctuations and is considered to be riskier than DXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNKL.TO | DXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 4.95% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.73% | 9.88% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.09% | 12.14% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 16.76% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 22.34% | -6.49% |
Dividends
BNKL.TO vs. DXF.TO - Dividend Comparison
BNKL.TO's dividend yield for the trailing twelve months is around 2.54%, more than DXF.TO's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 2.54% | 3.40% | 4.39% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DXF.TO Dynamic Active Global Financial Services ETF | 1.11% | 1.13% | 1.18% | 2.14% | 1.95% | 1.07% | 1.30% | 1.40% | 2.08% |
Frequently Asked Questions
BNKL.TO and DXF.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and Dynamic.
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