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

IGM.TO vs. BANK.TO

Last updated Jun 4, 2026

IGM.TO (IGM Financial Inc.) is a stock, while BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) is Derivative Income fund tracking the Solactive Canadian Core Financials Equal Weight Index. Over the past 3 years, IGM.TO returned 32.60%/yr vs 31.96%/yr for BANK.TO. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

IGM.TO vs. BANK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in IGM Financial Inc. (IGM.TO) 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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Returns By Period

In the year-to-date period, IGM.TO achieves a 29.00% return, which is significantly higher than BANK.TO's 17.36% return.

IGM.TO

1D
-1.51%
1M
4.44%
YTD
29.00%
6M
40.81%
1Y
85.74%
3Y*
32.60%
5Y*
18.03%
10Y*
14.17%

BANK.TO

1D
-0.47%
1M
6.16%
YTD
17.36%
6M
23.52%
1Y
55.24%
3Y*
31.96%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGM.TO vs. BANK.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
IGM.TO
IGM Financial Inc.		29.00%40.98%38.87%-1.67%-10.78%
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		17.36%41.00%27.90%16.23%-20.47%

Correlation

The correlation between IGM.TO and BANK.TO is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2022

0.63

The correlation between IGM.TO and BANK.TO has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

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IGM Financial Inc.

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

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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

IGM.TO vs. BANK.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGM.TO
IGM.TO Risk / Return Rank: 9797
Overall Rank
IGM.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
IGM.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
IGM.TO Omega Ratio Rank: 9797
Omega Ratio Rank
IGM.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
IGM.TO Martin Ratio Rank: 9898
Martin Ratio Rank
BANK.TO
BANK.TO Risk / Return Rank: 9696
Overall Rank
BANK.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BANK.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
BANK.TO Omega Ratio Rank: 9696
Omega Ratio Rank
BANK.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
BANK.TO Martin Ratio Rank: 9595
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.

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

This table presents a comparison of risk-adjusted performance metrics for IGM Financial Inc. (IGM.TO) 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.

IGM.TOBANK.TODifference
Sharpe ratioReturn per unit of total volatility
3.85
4.59

-0.74

Sortino ratioReturn per unit of downside risk
4.89
6.28

-1.39

Omega ratioGain probability vs. loss probability

1.68

1.85

-0.17

Calmar ratioReturn relative to maximum drawdown

8.02

6.75

+1.27

Martin ratioReturn relative to average drawdown

34.05

29.78

+4.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGM.TO vs. BANK.TO - Sharpe Ratio Comparison

The current IGM.TO Sharpe Ratio is 3.85, which is comparable to the BANK.TO Sharpe Ratio of 4.59. The chart below compares the historical Sharpe Ratios of IGM.TO 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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Sharpe Ratios by Period

IGM.TOBANK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.85

4.59

-0.74

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

1.08

-0.72

Drawdowns

IGM.TO vs. BANK.TO - Drawdown Comparison

The maximum IGM.TO drawdown since its inception was -68.35%, which is greater than BANK.TO's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for IGM.TO and BANK.TO.

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Drawdown Indicators

IGM.TOBANK.TODifference

Max Drawdown

Largest peak-to-trough decline

-68.35%

-29.03%

-39.32%

Max Drawdown (1Y)

Largest decline over 1 year

-10.75%

-8.23%

-2.52%

Max Drawdown (3Y)

Largest decline over 3 years

-25.61%

-15.49%

-10.12%

Max Drawdown (5Y)

Largest decline over 5 years

-32.58%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-47.65%

—

—

Current Drawdown

Current decline from peak

-1.51%

-1.16%

-0.35%

Average Drawdown

Average peak-to-trough decline

-19.53%

-8.81%

-10.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

1.86%

+0.67%

Volatility

IGM.TO vs. BANK.TO - Volatility Comparison

IGM Financial Inc. (IGM.TO) has a higher volatility of 5.32% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 4.28%. This indicates that IGM.TO'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

IGM.TOBANK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.32%

4.28%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

18.84%

10.45%

+8.39%

Volatility (1Y)

Calculated over the trailing 1-year period

22.38%

12.09%

+10.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.03%

15.65%

+5.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.45%

15.65%

+6.80%

Dividends

IGM.TO vs. BANK.TO - Dividend Comparison

IGM.TO's dividend yield for the trailing twelve months is around 2.92%, less than BANK.TO's 13.02% yield.

PositionTTM20252024202320222021202020192018201720162015
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		13.02%13.73%15.28%13.60%10.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IGM.TO
IGM Financial Inc.		2.92%3.64%4.91%6.43%5.96%4.94%6.53%6.04%7.26%5.10%5.92%6.37%

Frequently Asked Questions

IGM.TO and BANK.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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