HERO.TO vs. EBNK.TO
HERO.TO (Evolve E-Gaming Index ETF) and EBNK.TO (Evolve European Banks Enhanced Yield ETF Hedged CAD) are both exchange-traded funds - HERO.TO is a Gaming fund tracking the Solactive Global Video Games & Esports Index, while EBNK.TO is a Financials Equities fund actively managed by Evolve. HERO.TO is passively managed, while EBNK.TO is actively managed. Over the past 3 years, HERO.TO returned 9.66%/yr vs 36.36%/yr for EBNK.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
HERO.TO vs. EBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HERO.TO achieves a -16.36% return, which is significantly lower than EBNK.TO's 14.59% return.
HERO.TO
- 1D
- -0.99%
- 1M
- 4.51%
- 6M
- -16.51%
- YTD
- -16.36%
- 1Y
- -17.28%
- 3Y*
- 9.66%
- 5Y*
- -0.06%
- 10Y*
- —
EBNK.TO
- 1D
- 0.41%
- 1M
- 6.03%
- 6M
- 10.93%
- YTD
- 14.59%
- 1Y
- 38.99%
- 3Y*
- 36.36%
- 5Y*
- —
- 10Y*
- —
HERO.TO vs. EBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HERO.TO Evolve E-Gaming Index ETF | -16.36% | 27.09% | 23.58% | 18.20% | -26.43% |
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD | 14.59% | 60.13% | 28.77% | 20.83% | -5.46% |
Correlation
The correlation between HERO.TO and EBNK.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2022 | 0.20 |
The correlation between HERO.TO and EBNK.TO shifts across timeframes, from 0.20 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HERO.TO vs. EBNK.TO — Risk / Return Rank
HERO.TO
EBNK.TO
HERO.TO vs. EBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve E-Gaming Index ETF (HERO.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.
| HERO.TO | EBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.31 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.64 | -3.22 |
| Martin ratioReturn relative to average drawdown | -1.05 | 9.45 | -10.50 |
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Drawdowns
HERO.TO vs. EBNK.TO - Drawdown Comparison
The maximum HERO.TO drawdown since its inception was -45.49%, which is greater than EBNK.TO's maximum drawdown of -31.02%. Use the drawdown chart below to compare losses from any high point for HERO.TO and EBNK.TO.
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Drawdown Indicators
| HERO.TO | EBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.49% | -31.02% | -14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -29.67% | -14.87% | -14.80% |
Max Drawdown (3Y)Largest decline over 3 years | -29.67% | -21.16% | -8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | — | — |
Current DrawdownCurrent decline from peak | -24.70% | -0.47% | -24.23% |
Average DrawdownAverage peak-to-trough decline | -18.67% | -7.28% | -11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.42% | 4.14% | +12.28% |
Volatility
HERO.TO vs. EBNK.TO - Volatility Comparison
Evolve E-Gaming Index ETF (HERO.TO) has a higher volatility of 6.74% compared to Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) at 5.48%. This indicates that HERO.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.
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Volatility by Period
| HERO.TO | EBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 5.48% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 17.65% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 20.94% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.64% | 26.75% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 26.75% | -5.77% |
Dividends
HERO.TO vs. EBNK.TO - Dividend Comparison
HERO.TO's dividend yield for the trailing twelve months is around 0.54%, less than EBNK.TO's 10.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EBNK.TO Evolve European Banks Enhanced Yield ETF Hedged CAD | 10.19% | 11.05% | 12.56% | 7.32% | 7.52% | 0.00% | 0.00% | 0.00% |
HERO.TO Evolve E-Gaming Index ETF | 0.54% | 0.45% | 0.57% | 0.70% | 0.82% | 0.57% | 0.16% | 0.13% |
Frequently Asked Questions
HERO.TO and EBNK.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HERO.TO is categorized as Gaming, while EBNK.TO is Financials Equities.
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