EBNK.TO vs. FTHI

Last updated Jun 4, 2026

EBNK.TO (Evolve European Banks Enhanced Yield ETF Hedged CAD) and FTHI (First Trust BuyWrite Income ETF) are both exchange-traded funds - EBNK.TO is a Financials Equities fund actively managed by Evolve, while FTHI is a Derivative Income fund actively managed by First Trust. Both are actively managed. Over the past 3 years, EBNK.TO returned 34.22%/yr vs 15.84%/yr for FTHI. At a 0.30 correlation, their price movements are largely independent. EBNK.TO charges 0.60%/yr vs 0.85%/yr for FTHI.

Performance

EBNK.TO vs. FTHI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) and First Trust BuyWrite Income ETF (FTHI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, EBNK.TO achieves a 5.02% return, which is significantly lower than FTHI's 6.13% return.

EBNK.TO

• 1D: -1.56%
• 1M: 6.02%
• YTD: 5.02%
• 6M: 9.74%
• 1Y: 29.21%
• 3Y*: 34.22%
• 5Y*: —
• 10Y*: —

FTHI

• 1D: 0.24%
• 1M: 3.78%
• YTD: 6.13%
• 6M: 4.81%
• 1Y: 17.93%
• 3Y*: 15.84%
• 5Y*: 13.32%
• 10Y*: 9.33%

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

EBNK.TO vs. FTHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD	5.02%	60.13%	28.78%	20.83%	-4.75%
FTHI First Trust BuyWrite Income ETF	6.13%	5.94%	29.24%	18.06%	-0.13%

Correlation

The correlation between EBNK.TO and FTHI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022	0.30

The correlation between EBNK.TO and FTHI shifts across timeframes, from 0.30 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

EBNK.TO vs. FTHI - Sectors Allocation Comparison

Sectors	EBNK.TO	FTHI
Financial Services	100.0%	15.4%
Basic Materials	-	5.0%
Communication Services	-	5.0%
Consumer Cyclical	-	7.5%
Consumer Defensive	-	7.5%
Energy	-	7.0%
Healthcare	-	8.5%
Industrials	-	13.9%
Real Estate	-	7.0%
Technology	-	11.4%
Utilities	-	10.0%

Return for Risk

EBNK.TO vs. FTHI — Risk / Return Rank

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

EBNK.TO

EBNK.TO Risk / Return Rank: 38
EBNK.TO Sharpe Ratio Rank: 37
EBNK.TO Sortino Ratio Rank: 37
EBNK.TO Omega Ratio Rank: 34
EBNK.TO Calmar Ratio Rank: 40
EBNK.TO Martin Ratio Rank: 43

FTHI

FTHI Risk / Return Rank: 59
FTHI Sharpe Ratio Rank: 54
FTHI Sortino Ratio Rank: 56
FTHI Omega Ratio Rank: 57
FTHI Calmar Ratio Rank: 60
FTHI Martin Ratio Rank: 70

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.

EBNK.TO vs. FTHI - 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 First Trust BuyWrite Income ETF (FTHI). 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.

	EBNK.TO	FTHI	Difference
Sharpe ratio Return per unit of total volatility	1.35	1.96	-0.61
Sortino ratio Return per unit of downside risk	1.93	2.77	-0.84
Omega ratio Gain probability vs. loss probability	1.23	1.37	-0.13
Calmar ratio Return relative to maximum drawdown	1.97	3.51	-1.53
Martin ratio Return relative to average drawdown	6.97	13.40	-6.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBNK.TO vs. FTHI - Sharpe Ratio Comparison

The current EBNK.TO Sharpe Ratio is 1.35, which is lower than the FTHI Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of EBNK.TO and FTHI, 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

	EBNK.TO	FTHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	1.96	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.73	+0.14

Drawdowns

EBNK.TO vs. FTHI - Drawdown Comparison

The maximum EBNK.TO drawdown since its inception was -31.02%, which is greater than FTHI's maximum drawdown of -26.29%. Use the drawdown chart below to compare losses from any high point for EBNK.TO and FTHI.

Drawdown Indicators

	EBNK.TO	FTHI	Difference
Max Drawdown Largest peak-to-trough decline	-31.02%	-26.29%	-4.73%
Max Drawdown (1Y) Largest decline over 1 year	-14.87%	-5.14%	-9.73%
Max Drawdown (3Y) Largest decline over 3 years	-21.16%	-16.83%	-4.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.29%	—
Current Drawdown Current decline from peak	-2.24%	0.00%	-2.24%
Average Drawdown Average peak-to-trough decline	-7.43%	-3.54%	-3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	1.34%	+2.86%

Volatility

EBNK.TO vs. FTHI - Volatility Comparison

Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) has a higher volatility of 6.37% compared to First Trust BuyWrite Income ETF (FTHI) at 1.85%. This indicates that EBNK.TO's price experiences larger fluctuations and is considered to be riskier than FTHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBNK.TO	FTHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	1.85%	+4.52%
Volatility (6M) Calculated over the trailing 6-month period	17.02%	7.31%	+9.71%
Volatility (1Y) Calculated over the trailing 1-year period	21.66%	9.20%	+12.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.92%	11.84%	+15.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	13.03%	+13.89%

EBNK.TO vs. FTHI - Expense Ratio Comparison

EBNK.TO has a 0.60% expense ratio, which is lower than FTHI's 0.85% expense ratio.

Dividends

EBNK.TO vs. FTHI - Dividend Comparison

EBNK.TO's dividend yield for the trailing twelve months is around 11.02%, more than FTHI's 8.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD	11.02%	11.05%	12.56%	7.32%	7.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTHI First Trust BuyWrite Income ETF	8.73%	8.70%	8.61%	8.50%	9.06%	4.37%	4.76%	4.21%	4.76%	4.00%	4.41%	4.98%

Frequently Asked Questions

Can I hold both EBNK.TO and FTHI in my portfolio?

EBNK.TO and FTHI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EBNK.TO or FTHI?

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.

Which ETF is cheaper, EBNK.TO or FTHI?

EBNK.TO is cheaper with a 0.60% expense ratio, compared with 0.85% for FTHI.

What is the main difference between EBNK.TO and FTHI?

EBNK.TO is categorized as Financials Equities, while FTHI is Derivative Income. They also come from different issuers: Evolve and First Trust. Their fees differ too: 0.60% for EBNK.TO and 0.85% for FTHI.