CPCC.TO vs. BANK.TO

Last updated Jun 4, 2026

CPCC.TO (Global X Copper Producer Equity Covered Call ETF) and BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both exchange-traded funds - CPCC.TO is a Commodity Producers Equities fund tracking the Solactive North American Listed Copper Producers Index, while BANK.TO is a Derivative Income fund tracking the Solactive Canadian Core Financials Equal Weight Index. Both are passively managed. At a 0.41 correlation, their price movements are largely independent. CPCC.TO charges 0.65%/yr vs 0.60%/yr for BANK.TO.

Performance

CPCC.TO vs. BANK.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, CPCC.TO achieves a 23.82% return, which is significantly higher than BANK.TO's 17.36% return.

CPCC.TO

• 1D: -2.96%
• 1M: 24.04%
• YTD: 23.82%
• 6M: 30.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BANK.TO

• 1D: -0.47%
• 1M: 6.16%
• YTD: 17.36%
• 6M: 23.52%
• 1Y: 55.24%
• 3Y*: 31.96%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CPCC.TO Global X Copper Producer Equity Covered Call ETF	23.82%	9.59%
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	17.36%	5.36%

Correlation

The correlation between CPCC.TO and BANK.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.41

Return for Risk

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

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X Copper Producer Equity Covered Call ETF (CPCC.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CPCC.TO	BANK.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.08	+0.90

Drawdowns

CPCC.TO vs. BANK.TO - Drawdown Comparison

The maximum CPCC.TO drawdown since its inception was -27.12%, smaller than the maximum BANK.TO drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for CPCC.TO and BANK.TO.

Drawdown Indicators

	CPCC.TO	BANK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.12%	-29.03%	+1.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.49%	—
Current Drawdown Current decline from peak	-2.96%	-1.16%	-1.80%
Average Drawdown Average peak-to-trough decline	-7.28%	-8.81%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.86%	—

Volatility

Volatility by Period

	CPCC.TO	BANK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	43.17%	12.09%	+31.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.17%	15.65%	+27.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.17%	15.65%	+27.52%

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

CPCC.TO has a 0.65% expense ratio, which is higher than BANK.TO's 0.60% expense ratio.

Dividends

CPCC.TO vs. BANK.TO - Dividend Comparison

CPCC.TO's dividend yield for the trailing twelve months is around 3.74%, less than BANK.TO's 13.02% yield.

Position	TTM	2025	2024	2023	2022
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund	13.02%	13.73%	15.28%	13.60%	10.52%
CPCC.TO Global X Copper Producer Equity Covered Call ETF	3.74%	0.65%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

CPCC.TO and BANK.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPCC.TO or BANK.TO?

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.

Which ETF is cheaper, CPCC.TO or BANK.TO?

BANK.TO is cheaper with a 0.60% expense ratio, compared with 0.65% for CPCC.TO.

What is the main difference between CPCC.TO and BANK.TO?

CPCC.TO is categorized as Commodity Producers Equities, while BANK.TO is Derivative Income. CPCC.TO tracks Solactive North American Listed Copper Producers Index, while BANK.TO tracks Solactive Canadian Core Financials Equal Weight Index. They also come from different issuers: Global X and Evolve. Their fees differ too: 0.65% for CPCC.TO and 0.60% for BANK.TO.