CBNK vs. BANK.TO

Last updated Jun 4, 2026

CBNK (Capital Bancorp, Inc.) is a stock, while BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) is Derivative Income fund tracking the Solactive Canadian Core Financials Equal Weight Index. Over the past 3 years, CBNK returned 23.77%/yr vs 30.87%/yr for BANK.TO. At a 0.44 correlation, their price movements are largely independent.

Performance

CBNK vs. BANK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Bancorp, Inc. (CBNK) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CBNK is traded in USD, while BANK.TO is traded in CAD. To make them comparable, the BANK.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CBNK achieves a 12.59% return, which is significantly lower than BANK.TO's 17.01% return.

CBNK

• 1D: -2.48%
• 1M: 2.60%
• YTD: 12.59%
• 6M: 10.63%
• 1Y: 0.77%
• 3Y*: 23.77%
• 5Y*: 6.65%
• 10Y*: —

BANK.TO

• 1D: 0.00%
• 1M: 5.03%
• YTD: 17.01%
• 6M: 25.18%
• 1Y: 54.71%
• 3Y*: 30.87%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CBNK vs. BANK.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CBNK Capital Bancorp, Inc.	12.59%	0.27%	19.66%	4.31%	-4.08%
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	15.91%	47.76%	17.80%	18.88%	-25.64%

Correlation

The correlation between CBNK and BANK.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022	0.44

Return for Risk

CBNK vs. BANK.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBNK

CBNK Risk / Return Rank: 39
CBNK Sharpe Ratio Rank: 42
CBNK Sortino Ratio Rank: 36
CBNK Omega Ratio Rank: 35
CBNK Calmar Ratio Rank: 41
CBNK Martin Ratio Rank: 41

BANK.TO

BANK.TO Risk / Return Rank: 96
BANK.TO Sharpe Ratio Rank: 97
BANK.TO Sortino Ratio Rank: 97
BANK.TO Omega Ratio Rank: 96
BANK.TO Calmar Ratio Rank: 93
BANK.TO Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBNK vs. BANK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Bancorp, Inc. (CBNK) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.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.

	CBNK	BANK.TO	Difference
Sharpe ratio Return per unit of total volatility	0.03	4.10	-4.07
Sortino ratio Return per unit of downside risk	0.22	5.60	-5.38
Omega ratio Gain probability vs. loss probability	1.03	1.71	-0.69
Calmar ratio Return relative to maximum drawdown	0.03	6.18	-6.15
Martin ratio Return relative to average drawdown	0.06	27.19	-27.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBNK vs. BANK.TO - Sharpe Ratio Comparison

The current CBNK Sharpe Ratio is 0.03, which is lower than the BANK.TO Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of CBNK and BANK.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CBNK	BANK.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.03	4.10	-4.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.77	-0.48

Drawdowns

CBNK vs. BANK.TO - Drawdown Comparison

The maximum CBNK drawdown since its inception was -53.68%, which is greater than BANK.TO's maximum drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for CBNK and BANK.TO.

Drawdown Indicators

	CBNK	BANK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-53.68%	-34.80%	-18.88%
Max Drawdown (1Y) Largest decline over 1 year	-24.81%	-8.89%	-15.92%
Max Drawdown (3Y) Largest decline over 3 years	-24.81%	-19.73%	-5.08%
Max Drawdown (5Y) Largest decline over 5 years	-43.34%	—	—
Current Drawdown Current decline from peak	-10.39%	-0.87%	-9.52%
Average Drawdown Average peak-to-trough decline	-15.14%	-11.65%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.71%	2.02%	+11.69%

Volatility

CBNK vs. BANK.TO - Volatility Comparison

Capital Bancorp, Inc. (CBNK) has a higher volatility of 6.13% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 4.30%. This indicates that CBNK's price experiences larger fluctuations and is considered to be riskier than BANK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBNK	BANK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.13%	4.30%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	11.37%	+5.96%
Volatility (1Y) Calculated over the trailing 1-year period	25.67%	13.40%	+12.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.32%	18.94%	+9.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.80%	18.94%	+27.86%

Dividends

CBNK vs. BANK.TO - Dividend Comparison

CBNK's dividend yield for the trailing twelve months is around 1.52%, less than BANK.TO's 13.02% yield.

Position	TTM	2025	2024	2023	2022	2021
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	13.02%	13.73%	15.28%	13.60%	10.52%	0.00%
CBNK Capital Bancorp, Inc.	1.52%	1.56%	1.26%	1.16%	0.93%	0.38%

Frequently Asked Questions

Can I hold both CBNK and BANK.TO in my portfolio?

CBNK and BANK.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.