BNKL.TO vs. FSF.TO
BNKL.TO (Global X Enhanced Equal Weight Banks Index ETF) and FSF.TO (CI Global Financial Sector ETF) are both Financials Equities funds. BNKL.TO is passively managed, while FSF.TO is actively managed. Over the past 3 years, BNKL.TO returned 45.31%/yr vs 23.59%/yr for FSF.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
BNKL.TO vs. FSF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BNKL.TO achieves a 41.88% return, which is significantly higher than FSF.TO's 6.37% return.
BNKL.TO
- 1D
- 1.01%
- 1M
- 9.85%
- 6M
- 40.22%
- YTD
- 41.88%
- 1Y
- 92.78%
- 3Y*
- 45.31%
- 5Y*
- —
- 10Y*
- —
FSF.TO
- 1D
- 0.53%
- 1M
- 5.76%
- 6M
- 4.16%
- YTD
- 6.37%
- 1Y
- 16.27%
- 3Y*
- 23.59%
- 5Y*
- 12.50%
- 10Y*
- 21.55%
BNKL.TO vs. FSF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 41.88% | 55.98% | 29.92% | 7.40% |
FSF.TO CI Global Financial Sector ETF | 6.37% | 20.68% | 33.83% | 9.11% |
Correlation
The correlation between BNKL.TO and FSF.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2023 | 0.35 |
The correlation between BNKL.TO and FSF.TO shifts across timeframes, from 0.18 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BNKL.TO vs. FSF.TO — Risk / Return Rank
BNKL.TO
FSF.TO
BNKL.TO vs. FSF.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 CI Global Financial Sector ETF (FSF.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 | FSF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.85 | ||
| Sortino ratioReturn per unit of downside risk | +5.90 | ||
| Omega ratioGain probability vs. loss probability | 2.02 | 1.21 | +0.82 |
| Calmar ratioReturn relative to maximum drawdown | 8.65 | 1.08 | +7.57 |
| Martin ratioReturn relative to average drawdown | 37.46 | 3.17 | +34.29 |
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Drawdowns
BNKL.TO vs. FSF.TO - Drawdown Comparison
The maximum BNKL.TO drawdown since its inception was -18.58%, smaller than the maximum FSF.TO drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for BNKL.TO and FSF.TO.
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Drawdown Indicators
| BNKL.TO | FSF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -73.78% | +55.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -15.09% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -17.26% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.78% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.57% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -16.24% | +13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 5.12% | -2.63% |
Volatility
BNKL.TO vs. FSF.TO - Volatility Comparison
The current volatility for Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) is 4.82%, while CI Global Financial Sector ETF (FSF.TO) has a volatility of 5.19%. This indicates that BNKL.TO experiences smaller price fluctuations and is considered to be less risky than FSF.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 | FSF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 5.19% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.49% | 13.05% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 15.80% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 19.39% | -3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 212.64% | -196.83% |
Dividends
BNKL.TO vs. FSF.TO - Dividend Comparison
BNKL.TO's dividend yield for the trailing twelve months is around 2.58%, more than FSF.TO's 1.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 2.58% | 3.40% | 4.39% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSF.TO CI Global Financial Sector ETF | 1.37% | 1.28% | 1.41% | 2.10% | 2.35% | 0.74% | 1.28% | 1.91% | 2.30% | 0.96% | 0.79% |
Frequently Asked Questions
BNKL.TO and FSF.TO have a correlation of 0.18, 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 CI.
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