EBNK.TO vs. UTES.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) and Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO).

EBNK.TO and UTES.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EBNK.TO is an actively managed fund by Evolve. It was launched on Jan 7, 2022. UTES.TO is an actively managed fund by Evolve. It was launched on Sep 3, 2024.

Performance

EBNK.TO vs. UTES.TO - 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 Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO). The values are adjusted to include any dividend payments, if applicable.

EBNK.TO vs. UTES.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD	-0.96%	60.13%	7.21%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	10.78%	18.66%	-4.25%

Returns By Period

In the year-to-date period, EBNK.TO achieves a -0.96% return, which is significantly lower than UTES.TO's 10.78% return.

EBNK.TO

• 1D: 2.78%
• 1M: -2.09%
• YTD: -0.96%
• 6M: 9.63%
• 1Y: 31.35%
• 3Y*: 33.92%
• 5Y*: —
• 10Y*: —

UTES.TO

• 1D: -0.31%
• 1M: 0.27%
• YTD: 10.78%
• 6M: 10.24%
• 1Y: 22.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EBNK.TO vs. UTES.TO - Expense Ratio Comparison

Both EBNK.TO and UTES.TO have an expense ratio of 0.60%.

EBNK.TO

Evolve European Banks Enhanced Yield ETF Hedged CAD

UTES.TO

Evolve Canadian Utilities Enhanced Yield Index Fund ETF

Return for Risk

EBNK.TO vs. UTES.TO — 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: 63
EBNK.TO Sharpe Ratio Rank: 59
EBNK.TO Sortino Ratio Rank: 63
EBNK.TO Omega Ratio Rank: 61
EBNK.TO Calmar Ratio Rank: 66
EBNK.TO Martin Ratio Rank: 68

UTES.TO

UTES.TO Risk / Return Rank: 89
UTES.TO Sharpe Ratio Rank: 91
UTES.TO Sortino Ratio Rank: 92
UTES.TO Omega Ratio Rank: 90
UTES.TO Calmar Ratio Rank: 85
UTES.TO Martin Ratio Rank: 88

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. UTES.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 Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.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.

	EBNK.TO	UTES.TO	Difference
Sharpe ratio Return per unit of total volatility	1.08	2.13	-1.05
Sortino ratio Return per unit of downside risk	1.66	2.80	-1.14
Omega ratio Gain probability vs. loss probability	1.23	1.40	-0.17
Calmar ratio Return relative to maximum drawdown	1.80	2.72	-0.92
Martin ratio Return relative to average drawdown	7.34	11.31	-3.96
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. UTES.TO - Sharpe Ratio Comparison

The current EBNK.TO Sharpe Ratio is 1.08, which is lower than the UTES.TO Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of EBNK.TO and UTES.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EBNK.TO	UTES.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	2.13	-1.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.44	-0.61

Correlation

The correlation between EBNK.TO and UTES.TO is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

EBNK.TO vs. UTES.TO - Dividend Comparison

EBNK.TO's dividend yield for the trailing twelve months is around 11.47%, less than UTES.TO's 17.25% yield.

	TTM	2025	2024	2023	2022
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD	11.47%	11.05%	12.56%	7.32%	7.52%
UTES.TO Evolve Canadian Utilities Enhanced Yield Index Fund ETF	17.25%	18.30%	6.05%	0.00%	0.00%

Drawdowns

EBNK.TO vs. UTES.TO - Drawdown Comparison

The maximum EBNK.TO drawdown since its inception was -31.02%, which is greater than UTES.TO's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for EBNK.TO and UTES.TO.

Drawdown Indicators

	EBNK.TO	UTES.TO	Difference
Max Drawdown Largest peak-to-trough decline	-31.02%	-10.19%	-20.83%
Max Drawdown (1Y) Largest decline over 1 year	-17.39%	-8.29%	-9.10%
Current Drawdown Current decline from peak	-7.81%	-1.25%	-6.56%
Average Drawdown Average peak-to-trough decline	-7.56%	-2.63%	-4.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.26%	1.99%	+2.27%

Volatility

EBNK.TO vs. UTES.TO - Volatility Comparison

Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) has a higher volatility of 9.79% compared to Evolve Canadian Utilities Enhanced Yield Index Fund ETF (UTES.TO) at 2.81%. This indicates that EBNK.TO's price experiences larger fluctuations and is considered to be riskier than UTES.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBNK.TO	UTES.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.79%	2.81%	+6.98%
Volatility (6M) Calculated over the trailing 6-month period	15.29%	6.67%	+8.62%
Volatility (1Y) Calculated over the trailing 1-year period	29.15%	10.82%	+18.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.06%	10.99%	+16.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.06%	10.99%	+16.07%