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

MTL.TO vs. BANK.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Mullen Group Ltd. (MTL.TO) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO).

BANK.TO is a passively managed fund by Evolve that tracks the performance of the Solactive Canadian Core Financials Equal Weight Index. It was launched on Feb 1, 2022.

Performance

MTL.TO vs. BANK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mullen Group Ltd. (MTL.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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MTL.TO vs. BANK.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
MTL.TO
Mullen Group Ltd.		10.97%14.66%9.57%1.51%30.56%
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		0.95%41.00%27.90%16.23%-20.47%

Returns By Period

In the year-to-date period, MTL.TO achieves a 10.97% return, which is significantly higher than BANK.TO's 0.95% return.

MTL.TO

1D
1.00%
1M
0.65%
YTD
10.97%
6M
25.47%
1Y
44.51%
3Y*
11.24%
5Y*
11.81%
10Y*
6.96%

BANK.TO

1D
1.24%
1M
-2.26%
YTD
0.95%
6M
15.78%
1Y
40.75%
3Y*
26.50%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Mullen Group Ltd.

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

Often compared with MTL.TO:
MTL.TO vs. BPF-UN.TOMTL.TO vs. L.TOMTL.TO vs. CIGI.TOMTL.TO vs. ^GSPCMTL.TO vs. CPMTL.TO vs. SRU-UN.TOMTL.TO vs. SCHD
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. QMAX.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MTL.TO
MTL.TO Risk / Return Rank: 8989
Overall Rank
MTL.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
MTL.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
MTL.TO Omega Ratio Rank: 8888
Omega Ratio Rank
MTL.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
MTL.TO Martin Ratio Rank: 9393
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: 9797
Omega Ratio Rank
BANK.TO Calmar Ratio Rank: 9494
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.

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

This table presents a comparison of risk-adjusted performance metrics for Mullen Group Ltd. (MTL.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.

MTL.TOBANK.TODifference

Sharpe ratio

Return per unit of total volatility

1.88

2.96

-1.08

Sortino ratio

Return per unit of downside risk

2.38

3.69

-1.31

Omega ratio

Gain probability vs. loss probability

1.37

1.58

-0.21

Calmar ratio

Return relative to maximum drawdown

5.12

3.93

+1.19

Martin ratio

Return relative to average drawdown

14.57

16.11

-1.55

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

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

The current MTL.TO Sharpe Ratio is 1.88, which is lower than the BANK.TO Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of MTL.TO and BANK.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.

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Sharpe Ratios by Period

MTL.TOBANK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.88

2.96

-1.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.62

0.85

-1.47

Correlation

The correlation between MTL.TO and BANK.TO is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MTL.TO vs. BANK.TO - Dividend Comparison

MTL.TO's dividend yield for the trailing twelve months is around 4.87%, less than BANK.TO's 14.44% yield.

TTM20252024202320222021202020192018201720162015
MTL.TO
Mullen Group Ltd.		4.87%5.34%5.28%5.13%4.67%4.13%3.30%6.47%4.91%2.29%2.82%8.57%
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		14.44%13.73%15.28%13.60%10.52%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

MTL.TO vs. BANK.TO - Drawdown Comparison

The maximum MTL.TO drawdown since its inception was -100.00%, 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 MTL.TO and BANK.TO.

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Drawdown Indicators

MTL.TOBANK.TODifference

Max Drawdown

Largest peak-to-trough decline

-100.00%

-29.03%

-70.97%

Max Drawdown (1Y)

Largest decline over 1 year

-9.01%

-10.61%

+1.60%

Max Drawdown (5Y)

Largest decline over 5 years

-21.59%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-77.25%

—

—

Current Drawdown

Current decline from peak

-99.98%

-3.64%

-96.34%

Average Drawdown

Average peak-to-trough decline

-93.11%

-9.15%

-83.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

2.59%

+0.58%

Volatility

MTL.TO vs. BANK.TO - Volatility Comparison

Mullen Group Ltd. (MTL.TO) has a higher volatility of 8.71% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 6.55%. This indicates that MTL.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

MTL.TOBANK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.71%

6.55%

+2.16%

Volatility (6M)

Calculated over the trailing 6-month period

17.95%

9.76%

+8.19%

Volatility (1Y)

Calculated over the trailing 1-year period

23.83%

13.86%

+9.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.91%

15.70%

+11.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.96%

15.70%

+16.26%