EBNK.TO vs. FIE.TO
EBNK.TO (Evolve European Banks Enhanced Yield ETF Hedged CAD) and FIE.TO (iShares Canadian Financial Monthly Income ETF) are both Financials Equities funds. Both are actively managed. Over the past 3 years, EBNK.TO returned 36.18%/yr vs 25.82%/yr for FIE.TO. At a 0.44 correlation, their price movements are largely independent. EBNK.TO charges 0.60%/yr vs 0.74%/yr for FIE.TO.
Performance
EBNK.TO vs. FIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EBNK.TO achieves a 14.12% return, which is significantly lower than FIE.TO's 17.43% return.
EBNK.TO
- 1D
- 0.89%
- 1M
- 5.66%
- 6M
- 10.88%
- YTD
- 14.12%
- 1Y
- 36.44%
- 3Y*
- 36.18%
- 5Y*
- —
- 10Y*
- —
FIE.TO
- 1D
- 0.44%
- 1M
- 4.65%
- 6M
- 16.84%
- YTD
- 17.43%
- 1Y
- 32.68%
- 3Y*
- 25.82%
- 5Y*
- 13.62%
- 10Y*
- 12.33%
EBNK.TO vs. FIE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD | 14.12% | 60.13% | 28.77% | 20.83% | -5.46% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 17.43% | 24.36% | 27.62% | 12.58% | -17.08% |
Correlation
The correlation between EBNK.TO and FIE.TO is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022 | 0.44 |
The correlation between EBNK.TO and FIE.TO shifts across timeframes, from 0.41 (3 years) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EBNK.TO vs. FIE.TO — Risk / Return Rank
EBNK.TO
FIE.TO
EBNK.TO vs. FIE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) and iShares Canadian Financial Monthly Income ETF (FIE.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.
| EBNK.TO | FIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.70 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 4.57 | -2.10 |
| Martin ratioReturn relative to average drawdown | 8.83 | 14.83 | -6.00 |
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Drawdowns
EBNK.TO vs. FIE.TO - Drawdown Comparison
The maximum EBNK.TO drawdown since its inception was -31.02%, smaller than the maximum FIE.TO drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for EBNK.TO and FIE.TO.
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Drawdown Indicators
| EBNK.TO | FIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.02% | -42.24% | +11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -14.87% | -7.19% | -7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -21.16% | -10.70% | -10.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.24% | — |
Current DrawdownCurrent decline from peak | -0.87% | 0.00% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -7.28% | -4.86% | -2.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.14% | 2.21% | +1.93% |
Volatility
EBNK.TO vs. FIE.TO - Volatility Comparison
Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) has a higher volatility of 5.49% compared to iShares Canadian Financial Monthly Income ETF (FIE.TO) at 2.07%. This indicates that EBNK.TO's price experiences larger fluctuations and is considered to be riskier than FIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBNK.TO | FIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 2.07% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 17.65% | 7.24% | +10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 9.14% | +11.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.76% | 10.56% | +16.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 14.05% | +12.71% |
EBNK.TO vs. FIE.TO - Expense Ratio Comparison
EBNK.TO has a 0.60% expense ratio, which is lower than FIE.TO's 0.74% expense ratio.
Dividends
EBNK.TO vs. FIE.TO - Dividend Comparison
EBNK.TO's dividend yield for the trailing twelve months is around 10.23%, more than FIE.TO's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD | 10.23% | 11.05% | 12.56% | 7.32% | 7.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.24% | 4.94% | 5.83% | 6.98% | 7.31% | 5.92% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
Frequently Asked Questions
EBNK.TO and FIE.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EBNK.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EBNK.TO is cheaper with a 0.60% expense ratio, compared with 0.74% for FIE.TO.
They also come from different issuers: Evolve and iShares. Their fees differ too: 0.60% for EBNK.TO and 0.74% for FIE.TO.
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