EBIT-U.TO vs. EBNK.TO

Last updated Jul 16, 2026

EBIT-U.TO (Evolve Bitcoin ETF USD) and EBNK.TO (Evolve European Banks Enhanced Yield ETF Hedged CAD) are both exchange-traded funds - EBIT-U.TO is a Cryptocurrency fund actively managed by Evolve, while EBNK.TO is a Financials Equities fund actively managed by Evolve. Both are actively managed. Over the past 3 years, EBIT-U.TO returned 27.56%/yr vs 33.26%/yr for EBNK.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

EBIT-U.TO vs. EBNK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Evolve Bitcoin ETF USD (EBIT-U.TO) and Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EBIT-U.TO achieves a -26.81% return, which is significantly lower than EBNK.TO's 11.68% return.

EBIT-U.TO

• 1D: 1.65%
• 1M: -2.19%
• 6M: -33.71%
• YTD: -26.81%
• 1Y: -45.49%
• 3Y*: 27.56%
• 5Y*: 13.31%
• 10Y*: —

EBNK.TO

• 1D: 1.11%
• 1M: 5.37%
• 6M: 9.63%
• YTD: 11.68%
• 1Y: 35.56%
• 3Y*: 33.26%
• 5Y*: —
• 10Y*: —

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

EBIT-U.TO vs. EBNK.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EBIT-U.TO Evolve Bitcoin ETF USD	-26.81%	-6.74%	115.98%	153.86%	-62.41%
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD	11.68%	67.79%	18.71%	23.77%	-12.26%

Correlation

The correlation between EBIT-U.TO and EBNK.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022	0.18

The correlation between EBIT-U.TO and EBNK.TO shifts across timeframes, from 0.17 (3 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EBIT-U.TO vs. EBNK.TO — Risk / Return Rank

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

EBIT-U.TO

EBIT-U.TO Risk / Return Rank: 2
EBIT-U.TO Sharpe Ratio Rank: 2
EBIT-U.TO Sortino Ratio Rank: 2
EBIT-U.TO Omega Ratio Rank: 2
EBIT-U.TO Calmar Ratio Rank: 2
EBIT-U.TO Martin Ratio Rank: 2

EBNK.TO

EBNK.TO Risk / Return Rank: 67
EBNK.TO Sharpe Ratio Rank: 73
EBNK.TO Sortino Ratio Rank: 70
EBNK.TO Omega Ratio Rank: 64
EBNK.TO Calmar Ratio Rank: 65
EBNK.TO Martin Ratio Rank: 66

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.

EBIT-U.TO vs. EBNK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Bitcoin ETF USD (EBIT-U.TO) and Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.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.

	EBIT-U.TO	EBNK.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	1.66	-2.64
Sortino ratio: Return per unit of downside risk	-1.45	2.33	-3.77
Omega ratio: Gain probability vs. loss probability	0.84	1.28	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.84	2.31	-3.15
Martin ratio: Return relative to average drawdown	-1.37	7.78	-9.15

EBIT-U.TO vs. EBNK.TO - Sharpe Ratio Comparison

The current EBIT-U.TO Sharpe Ratio is -0.99, which is lower than the EBNK.TO Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of EBIT-U.TO and EBNK.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.

Drawdowns

EBIT-U.TO vs. EBNK.TO - Drawdown Comparison

The maximum EBIT-U.TO drawdown since its inception was -77.55%, which is greater than EBNK.TO's maximum drawdown of -31.07%. Use the drawdown chart below to compare losses from any high point for EBIT-U.TO and EBNK.TO.

Drawdown Indicators

	EBIT-U.TO	EBNK.TO	Difference
Max Drawdown Largest peak-to-trough decline	-77.55%	-31.07%	-46.48%
Max Drawdown (1Y) Largest decline over 1 year	-54.37%	-15.49%	-38.88%
Max Drawdown (3Y) Largest decline over 3 years	-54.37%	-21.75%	-32.62%
Max Drawdown (5Y) Largest decline over 5 years	-77.55%	—	—
Current Drawdown Current decline from peak	-48.57%	0.00%	-48.57%
Average Drawdown Average peak-to-trough decline	-34.50%	-8.20%	-26.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.35%	4.58%	+28.77%

Volatility

EBIT-U.TO vs. EBNK.TO - Volatility Comparison

Evolve Bitcoin ETF USD (EBIT-U.TO) has a higher volatility of 13.32% compared to Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) at 5.61%. This indicates that EBIT-U.TO's price experiences larger fluctuations and is considered to be riskier than EBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIT-U.TO	EBNK.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.32%	5.61%	+7.71%
Volatility (6M) Calculated over the trailing 6-month period	37.75%	18.14%	+19.61%
Volatility (1Y) Calculated over the trailing 1-year period	46.29%	21.63%	+24.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.49%	27.63%	+26.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.01%	27.63%	+28.38%

Dividends

EBIT-U.TO vs. EBNK.TO - Dividend Comparison

EBIT-U.TO has not paid dividends to shareholders, while EBNK.TO's dividend yield for the trailing twelve months is around 10.19%.

Position	TTM	2025	2024	2023	2022
EBIT-U.TO Evolve Bitcoin ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD	10.19%	11.05%	12.56%	7.32%	7.52%

Frequently Asked Questions

Can I hold both EBIT-U.TO and EBNK.TO in my portfolio?

EBIT-U.TO and EBNK.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between EBIT-U.TO and EBNK.TO?

EBIT-U.TO is categorized as Cryptocurrency, while EBNK.TO is Financials Equities.