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GPTY vs. BANK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GPTY vs. BANK.TO

Last updated Jun 24, 2026

GPTY (YieldMax AI & Tech Portfolio Option Income ETF) and BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both Derivative Income funds. GPTY is actively managed, while BANK.TO is passively managed. Over the past year, GPTY returned 39.93% vs 62.49% for BANK.TO. At a 0.36 correlation, their price movements are largely independent. GPTY charges 0.99%/yr vs 0.60%/yr for BANK.TO.

Performance

GPTY vs. BANK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax AI & Tech Portfolio Option Income ETF (GPTY) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, GPTY achieves a 27.19% return, which is significantly higher than BANK.TO's 23.29% return.

GPTY

1D
-2.92%
1M
2.17%
YTD
27.19%
6M
25.48%
1Y
39.93%
3Y*
—
5Y*
—
10Y*
—

BANK.TO

1D
0.03%
1M
5.21%
YTD
23.29%
6M
23.64%
1Y
62.49%
3Y*
33.95%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GPTY vs. BANK.TO - Yearly Performance Comparison

2026 (YTD)2025
GPTY
YieldMax AI & Tech Portfolio Option Income ETF		27.19%17.77%
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		23.29%47.86%

Correlation

The correlation between GPTY and BANK.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Jan 23, 2025

0.36

GPTY vs. BANK.TO - Sectors Allocation Comparison

Sectors
GPTY
BANK.TO

Technology

78.5%

-

Communication Services

9.6%

-

Consumer Cyclical

7.7%

-

Financial Services

4.2%
100.0%

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Technology

GPTY
78.5%
BANK.TO

-

Communication Services

GPTY
9.6%
BANK.TO

-

Consumer Cyclical

GPTY
7.7%
BANK.TO

-

Financial Services

GPTY
4.2%
BANK.TO
100.0%

Basic Materials

GPTY

-

BANK.TO

-

Consumer Defensive

GPTY

-

BANK.TO

-

Energy

GPTY

-

BANK.TO

-

Healthcare

GPTY

-

BANK.TO

-

Industrials

GPTY

-

BANK.TO

-

Real Estate

GPTY

-

BANK.TO

-

Utilities

GPTY

-

BANK.TO

-

Compare stocks, funds, or ETFs

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YieldMax AI & Tech Portfolio Option Income ETF

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

Often compared with GPTY:
GPTY vs. CHPYGPTY vs. AIPIGPTY vs. MAGYGPTY vs. QQQIGPTY vs. SPYGPTY vs. XDTEGPTY vs. TDVI
Often compared with BANK.TO:
BANK.TO vs. HMAX.TOBANK.TO vs. HCAL.TOBANK.TO vs. VDY.TOBANK.TO vs. RBNK.TOBANK.TO vs. HYLD.TOBANK.TO vs. VCN.TOBANK.TO vs. VEQT.TO

Return for Risk

GPTY vs. BANK.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GPTY
GPTY Risk / Return Rank: 4343
Overall Rank
GPTY Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
GPTY Sortino Ratio Rank: 4343
Sortino Ratio Rank
GPTY Omega Ratio Rank: 4545
Omega Ratio Rank
GPTY Calmar Ratio Rank: 4343
Calmar Ratio Rank
GPTY Martin Ratio Rank: 3737
Martin Ratio Rank
BANK.TO
BANK.TO Risk / Return Rank: 9797
Overall Rank
BANK.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
BANK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
BANK.TO Omega Ratio Rank: 9898
Omega Ratio Rank
BANK.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
BANK.TO Martin Ratio Rank: 9797
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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.

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.

GPTYBANK.TODifference
Sharpe ratioReturn per unit of total volatility
1.57
4.92

-3.35

Sortino ratioReturn per unit of downside risk
2.11
6.54

-4.43

Omega ratioGain probability vs. loss probability

1.28

1.87

-0.59

Calmar ratioReturn relative to maximum drawdown

2.08

7.09

-5.01

Martin ratioReturn relative to average drawdown

5.42

30.88

-25.46

GPTY vs. BANK.TO - Sharpe Ratio Comparison

The current GPTY Sharpe Ratio is 1.57, which is lower than the BANK.TO Sharpe Ratio of 4.92. The chart below compares the historical Sharpe Ratios of GPTY and BANK.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.

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Drawdowns

GPTY vs. BANK.TO - Drawdown Comparison

The maximum GPTY drawdown since its inception was -26.62%, smaller than the maximum BANK.TO drawdown of -34.74%. Use the drawdown chart below to compare losses from any high point for GPTY and BANK.TO.

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Drawdown Indicators

GPTYBANK.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.62%

-34.74%

+8.12%

Max Drawdown (1Y)

Largest decline over 1 year

-19.32%

-8.86%

-10.46%

Max Drawdown (3Y)

Largest decline over 3 years

—

-19.37%

—

Current Drawdown

Current decline from peak

-8.05%

-0.47%

-7.58%

Average Drawdown

Average peak-to-trough decline

-6.50%

-11.51%

+5.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.39%

2.03%

+5.36%

Volatility

GPTY vs. BANK.TO - Volatility Comparison

YieldMax AI & Tech Portfolio Option Income ETF (GPTY) has a higher volatility of 12.32% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 3.70%. This indicates that GPTY's price experiences larger fluctuations and is considered to be riskier than BANK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GPTYBANK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.32%

3.70%

+8.62%

Volatility (6M)

Calculated over the trailing 6-month period

20.48%

10.86%

+9.62%

Volatility (1Y)

Calculated over the trailing 1-year period

25.61%

12.77%

+12.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.71%

17.09%

+12.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.71%

17.09%

+12.62%

GPTY vs. BANK.TO - Expense Ratio Comparison

GPTY has a 0.99% expense ratio, which is higher than BANK.TO's 0.60% expense ratio.

Dividends

GPTY vs. BANK.TO - Dividend Comparison

GPTY's dividend yield for the trailing twelve months is around 34.91%, more than BANK.TO's 11.99% yield.

PositionTTM2025202420232022
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		11.99%13.73%15.28%13.60%10.52%
GPTY
YieldMax AI & Tech Portfolio Option Income ETF		34.91%34.23%0.00%0.00%0.00%

Frequently Asked Questions

GPTY and BANK.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

BANK.TO is cheaper with a 0.60% expense ratio, compared with 0.99% for GPTY.

They also come from different issuers: YieldMax and Evolve. Their fees differ too: 0.99% for GPTY and 0.60% for BANK.TO.

Portfolio Optimizer

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