BNKL.TO vs. FIE.TO
BNKL.TO (Global X Enhanced Equal Weight Banks Index ETF) and FIE.TO (iShares Canadian Financial Monthly Income ETF) are both Financials Equities funds. BNKL.TO is passively managed, while FIE.TO is actively managed. Over the past year, BNKL.TO returned 97.19% vs 32.60% for FIE.TO. A 0.50 correlation means they provide meaningful diversification when combined. BNKL.TO charges 1.33%/yr vs 0.74%/yr for FIE.TO.
Performance
BNKL.TO vs. FIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BNKL.TO achieves a 37.19% return, which is significantly higher than FIE.TO's 14.56% return.
BNKL.TO
- 1D
- 1.12%
- 1M
- 9.71%
- YTD
- 37.19%
- 6M
- 37.14%
- 1Y
- 97.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIE.TO
- 1D
- 0.09%
- 1M
- 4.86%
- YTD
- 14.56%
- 6M
- 11.23%
- 1Y
- 32.60%
- 3Y*
- 26.44%
- 5Y*
- 13.03%
- 10Y*
- 12.31%
BNKL.TO vs. FIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 37.19% | 55.98% | 29.92% | 7.40% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 14.56% | 24.36% | 27.62% | 7.03% |
Correlation
The correlation between BNKL.TO and FIE.TO is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.50 |
The correlation between BNKL.TO and FIE.TO shifts across timeframes, from 0.50 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BNKL.TO vs. FIE.TO — Risk / Return Rank
BNKL.TO
FIE.TO
BNKL.TO vs. FIE.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 iShares Canadian Financial Monthly Income ETF (FIE.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 | FIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 2.12 | 1.71 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 9.11 | 4.55 | +4.56 |
| Martin ratioReturn relative to average drawdown | 39.64 | 14.80 | +24.84 |
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Drawdowns
BNKL.TO vs. FIE.TO - Drawdown Comparison
The maximum BNKL.TO drawdown since its inception was -18.58%, smaller than the maximum FIE.TO drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for BNKL.TO and FIE.TO.
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Drawdown Indicators
| BNKL.TO | FIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -42.24% | +23.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -7.19% | -3.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.24% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -4.88% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.21% | +0.26% |
Volatility
BNKL.TO vs. FIE.TO - Volatility Comparison
Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) has a higher volatility of 4.29% compared to iShares Canadian Financial Monthly Income ETF (FIE.TO) at 2.54%. This indicates that BNKL.TO's price experiences larger fluctuations and is considered to be riskier than FIE.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 | FIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 2.54% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 7.83% | +5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 9.02% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 10.55% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 14.06% | +1.70% |
BNKL.TO vs. FIE.TO - Expense Ratio Comparison
BNKL.TO has a 1.33% expense ratio, which is higher than FIE.TO's 0.74% expense ratio.
Dividends
BNKL.TO vs. FIE.TO - Dividend Comparison
BNKL.TO's dividend yield for the trailing twelve months is around 2.63%, less than FIE.TO's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 2.63% | 3.40% | 4.39% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.34% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
Frequently Asked Questions
BNKL.TO and FIE.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FIE.TO is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FIE.TO is cheaper with a 0.74% expense ratio, compared with 1.33% for BNKL.TO.
They also come from different issuers: Global X and iShares. Their fees differ too: 1.33% for BNKL.TO and 0.74% for FIE.TO.
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