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CNCC.TO vs. BANK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CNCC.TO vs. BANK.TO

Last updated Jul 25, 2026
Documentation

CNCC.TO (Global X Canadian S&P/TSX 60 Covered Call ETF) and BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both Derivative Income funds. CNCC.TO is actively managed, while BANK.TO is passively managed. Over the past 3 years, CNCC.TO returned 15.72%/yr vs 35.35%/yr for BANK.TO. A 0.68 correlation means they provide meaningful diversification when combined. CNCC.TO charges 0.62%/yr vs 0.60%/yr for BANK.TO.

Performance

CNCC.TO vs. BANK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CNCC.TO achieves a 11.10% return, which is significantly lower than BANK.TO's 32.36% return.

CNCC.TO

1D
0.55%
1M
1.96%
6M
9.11%
YTD
11.10%
1Y
23.65%
3Y*
15.72%
5Y*
9.88%
10Y*
6.42%
ALL TIME*
2.89%

BANK.TO

1D
1.19%
1M
4.39%
6M
32.36%
YTD
32.36%
1Y
66.60%
3Y*
35.35%
5Y*
—
10Y*
—
ALL TIME*
19.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BANK.TO

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund
CA$7.04MCA$7.06MCA$6.05M

CNCC.TO

Global X Canadian S&P/TSX 60 Covered Call ETF
CA$100.99KCA$88.04KCA$159.00K

CNCC.TO vs. BANK.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
CNCC.TO
Global X Canadian S&P/TSX 60 Covered Call ETF		11.10%19.50%14.81%7.07%-8.03%
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		32.36%41.00%27.90%16.23%-20.47%

Correlation

The correlation between CNCC.TO and BANK.TO is 0.69, 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

0.69

Correlation (3Y)
Calculated over the trailing 3-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Feb 2, 2022

0.68

The correlation between CNCC.TO and BANK.TO has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

CNCC.TO vs. BANK.TO - Sectors Allocation Comparison

Sectors
CNCC.TO
BANK.TO

Financial Services

40.3%
100.0%

Energy

17.7%

-

Basic Materials

13.6%

-

Technology

8.7%

-

Industrials

7.7%

-

Consumer Cyclical

3.9%

-

Consumer Defensive

3.2%

-

Utilities

2.6%

-

Communication Services

2.0%

-

Real Estate

0.2%

-

Healthcare

-

-

Financial Services

CNCC.TO
40.3%
BANK.TO
100.0%

Energy

CNCC.TO
17.7%
BANK.TO

-

Basic Materials

CNCC.TO
13.6%
BANK.TO

-

Technology

CNCC.TO
8.7%
BANK.TO

-

Industrials

CNCC.TO
7.7%
BANK.TO

-

Consumer Cyclical

CNCC.TO
3.9%
BANK.TO

-

Consumer Defensive

CNCC.TO
3.2%
BANK.TO

-

Utilities

CNCC.TO
2.6%
BANK.TO

-

Communication Services

CNCC.TO
2.0%
BANK.TO

-

Real Estate

CNCC.TO
0.2%
BANK.TO

-

Healthcare

CNCC.TO

-

BANK.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Canadian S&P/TSX 60 Covered Call ETF

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

Often compared with CNCC.TO:
CNCC.TO vs. XEG.TOCNCC.TO vs. CDAY.NEOCNCC.TO vs. HBNK.TOCNCC.TO vs. TTP.TOCNCC.TO vs. QQCC.TOCNCC.TO vs. CASH.TOCNCC.TO vs. QQCL.TO
Often compared with BANK.TO:
BANK.TO vs. HMAX.TOBANK.TO vs. HCAL.TOBANK.TO vs. VDY.TOBANK.TO vs. RBNK.TOBANK.TO vs. HYLD.TOBANK.TO vs. VCN.TOBANK.TO vs. VEQT.TO

Return for Risk

CNCC.TO vs. BANK.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CNCC.TO
CNCC.TO Risk / Return Rank: 9393
Overall Rank
CNCC.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
CNCC.TO Sortino Ratio Rank: 9393
Sortino Ratio Rank
CNCC.TO Omega Ratio Rank: 9494
Omega Ratio Rank
CNCC.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
CNCC.TO Martin Ratio Rank: 9494
Martin Ratio Rank
BANK.TO
BANK.TO Risk / Return Rank: 9898
Overall Rank
BANK.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
BANK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
BANK.TO Omega Ratio Rank: 9898
Omega Ratio Rank
BANK.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
BANK.TO Martin Ratio Rank: 9797
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) 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.

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.

CNCC.TOBANK.TODifference
Sharpe ratioReturn per unit of total volatility
2.52
5.16

-2.64

Sortino ratioReturn per unit of downside risk
3.43
6.73

-3.30

Omega ratioGain probability vs. loss probability

1.48

1.93

-0.44

Calmar ratioReturn relative to maximum drawdown

3.84

8.09

-4.25

Martin ratioReturn relative to average drawdown

18.93

35.40

-16.46

CNCC.TO vs. BANK.TO - Sharpe Ratio Comparison

The current CNCC.TO Sharpe Ratio is 2.52, which is lower than the BANK.TO Sharpe Ratio of 5.16. The chart below compares the historical Sharpe Ratios of CNCC.TO 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.

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Drawdowns

CNCC.TO vs. BANK.TO - Drawdown Comparison

The maximum CNCC.TO drawdown since its inception was -46.00%, which is greater than BANK.TO's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for CNCC.TO and BANK.TO.

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Drawdown Indicators

CNCC.TOBANK.TODifference

Max Drawdown

Largest peak-to-trough decline

-46.00%

-29.03%

-16.97%

Max Drawdown (1Y)

Largest decline over 1 year

-6.19%

-8.27%

+2.08%

Max Drawdown (3Y)

Largest decline over 3 years

-11.11%

-15.49%

+4.38%

Max Drawdown (5Y)

Largest decline over 5 years

-17.92%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-39.61%

—

—

Current Drawdown

Current decline from peak

-0.14%

-1.41%

+1.27%

Average Drawdown

Average peak-to-trough decline

-14.28%

-8.53%

-5.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.25%

1.89%

-0.64%

Volatility

CNCC.TO vs. BANK.TO - Volatility Comparison

The current volatility for Global X Canadian S&P/TSX 60 Covered Call ETF (CNCC.TO) is 1.89%, while Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) has a volatility of 4.75%. This indicates that CNCC.TO experiences smaller price fluctuations and is considered to be less risky than BANK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CNCC.TOBANK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.89%

4.75%

-2.86%

Volatility (6M)

Calculated over the trailing 6-month period

7.89%

11.18%

-3.29%

Volatility (1Y)

Calculated over the trailing 1-year period

9.44%

12.98%

-3.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.43%

15.64%

-3.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.75%

15.64%

-0.89%

CNCC.TO vs. BANK.TO - Expense Ratio Comparison

CNCC.TO has a 0.62% expense ratio, which is higher than BANK.TO's 0.60% expense ratio.

Dividends

CNCC.TO vs. BANK.TO - Dividend Comparison

CNCC.TO's dividend yield for the trailing twelve months is around 6.75%, less than BANK.TO's 11.86% yield.

PositionTTM20252024202320222021202020192018201720162015
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		11.86%13.73%15.28%13.60%10.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CNCC.TO
Global X Canadian S&P/TSX 60 Covered Call ETF		6.75%7.57%9.68%10.07%5.76%2.64%2.77%2.67%3.02%2.76%2.62%4.28%

Frequently Asked Questions

CNCC.TO and BANK.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BANK.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BANK.TO is cheaper with a 0.60% expense ratio, compared with 0.62% for CNCC.TO.

They also come from different issuers: Global X and Evolve. Their fees differ too: 0.62% for CNCC.TO and 0.60% for BANK.TO.

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