BNKL.TO vs. SOFI
BNKL.TO (Global X Enhanced Equal Weight Banks Index ETF) is Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index, while SOFI (SoFi Technologies, Inc.) is a stock. Over the past year, BNKL.TO returned 75.00% vs 23.68% for SOFI. At a 0.25 correlation, their price movements are largely independent.
Performance
BNKL.TO vs. SOFI - Performance Comparison
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Different Trading Currencies
BNKL.TO is traded in CAD, while SOFI is traded in USD. To make them comparable, the SOFI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNKL.TO achieves a 20.92% return, which is significantly higher than SOFI's -35.48% return.
BNKL.TO
- 1D
- -0.62%
- 1M
- 4.25%
- YTD
- 20.92%
- 6M
- 28.82%
- 1Y
- 75.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOFI
- 1D
- -5.59%
- 1M
- 5.02%
- YTD
- -35.48%
- 6M
- -42.84%
- 1Y
- 23.68%
- 3Y*
- 34.93%
- 5Y*
- -1.60%
- 10Y*
- —
BNKL.TO vs. SOFI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 20.92% | 55.98% | 29.92% | 9.73% |
SOFI SoFi Technologies, Inc. | -35.48% | 62.20% | 68.07% | 23.30% |
Correlation
The correlation between BNKL.TO and SOFI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2023 | 0.25 |
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Return for Risk
BNKL.TO vs. SOFI — Risk / Return Rank
BNKL.TO
SOFI
BNKL.TO vs. SOFI - 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 SoFi Technologies, Inc. (SOFI). 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.
| BNKL.TO | SOFI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.57 | ||
| Sortino ratioReturn per unit of downside risk | +5.74 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.11 | +0.79 |
| Calmar ratioReturn relative to maximum drawdown | 7.02 | 0.44 | +6.57 |
| Martin ratioReturn relative to average drawdown | 30.53 | 0.83 | +29.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNKL.TO | SOFI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.00 | 0.43 | +4.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.60 | 0.14 | +2.45 |
Drawdowns
BNKL.TO vs. SOFI - Drawdown Comparison
The maximum BNKL.TO drawdown since its inception was -18.58%, smaller than the maximum SOFI drawdown of -82.27%. Use the drawdown chart below to compare losses from any high point for BNKL.TO and SOFI.
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Drawdown Indicators
| BNKL.TO | SOFI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.58% | -82.27% | +63.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -53.60% | +42.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.76% | — |
Current DrawdownCurrent decline from peak | -3.44% | -48.62% | +45.18% |
Average DrawdownAverage peak-to-trough decline | -3.06% | -50.30% | +47.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 28.44% | -25.97% |
Volatility
BNKL.TO vs. SOFI - Volatility Comparison
The current volatility for Global X Enhanced Equal Weight Banks Index ETF (BNKL.TO) is 4.61%, while SoFi Technologies, Inc. (SOFI) has a volatility of 15.04%. This indicates that BNKL.TO experiences smaller price fluctuations and is considered to be less risky than SOFI 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 | SOFI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 15.04% | -10.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 37.41% | -24.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 55.45% | -40.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 65.62% | -49.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 70.82% | -54.99% |
Dividends
BNKL.TO vs. SOFI - Dividend Comparison
BNKL.TO's dividend yield for the trailing twelve months is around 2.99%, while SOFI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BNKL.TO Global X Enhanced Equal Weight Banks Index ETF | 2.99% | 3.40% | 4.39% | 2.79% |
SOFI SoFi Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNKL.TO and SOFI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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