PNG.V vs. BANK.TO
PNG.V (Kraken Robotics 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, PNG.V returned 144.07%/yr vs 33.13%/yr for BANK.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
PNG.V vs. BANK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PNG.V achieves a 18.12% return, which is significantly lower than BANK.TO's 19.56% return.
PNG.V
- 1D
- -8.25%
- 1M
- 5.44%
- YTD
- 18.12%
- 6M
- 26.00%
- 1Y
- 201.20%
- 3Y*
- 144.07%
- 5Y*
- 64.90%
- 10Y*
- 43.10%
BANK.TO
- 1D
- 0.28%
- 1M
- 5.40%
- YTD
- 19.56%
- 6M
- 23.71%
- 1Y
- 58.24%
- 3Y*
- 33.13%
- 5Y*
- —
- 10Y*
- —
PNG.V vs. BANK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PNG.V Kraken Robotics Inc | 18.12% | 132.73% | 323.08% | 14.04% | 67.65% |
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 19.56% | 41.00% | 27.90% | 16.23% | -20.47% |
Correlation
The correlation between PNG.V and BANK.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2022 | 0.18 |
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Return for Risk
PNG.V vs. BANK.TO — Risk / Return Rank
PNG.V
BANK.TO
PNG.V vs. BANK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kraken Robotics Inc (PNG.V) 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.
| PNG.V | BANK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.89 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | 6.08 | 7.07 | -1.00 |
| Martin ratioReturn relative to average drawdown | 13.84 | 31.23 | -17.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PNG.V | BANK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | 4.80 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.10 | -0.91 |
Drawdowns
PNG.V vs. BANK.TO - Drawdown Comparison
The maximum PNG.V drawdown since its inception was -83.33%, 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 PNG.V and BANK.TO.
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Drawdown Indicators
| PNG.V | BANK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.33% | -29.03% | -54.30% |
Max Drawdown (1Y)Largest decline over 1 year | -33.33% | -8.27% | -25.06% |
Max Drawdown (3Y)Largest decline over 3 years | -33.33% | -15.49% | -17.84% |
Max Drawdown (5Y)Largest decline over 5 years | -56.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.21% | — | — |
Current DrawdownCurrent decline from peak | -26.10% | 0.00% | -26.10% |
Average DrawdownAverage peak-to-trough decline | -38.67% | -8.79% | -29.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.61% | 1.87% | +12.74% |
Volatility
PNG.V vs. BANK.TO - Volatility Comparison
Kraken Robotics Inc (PNG.V) has a higher volatility of 23.17% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 4.19%. This indicates that PNG.V'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
| PNG.V | BANK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.17% | 4.19% | +18.98% |
Volatility (6M)Calculated over the trailing 6-month period | 50.22% | 10.55% | +39.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.61% | 12.19% | +58.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.50% | 15.68% | +42.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.21% | 15.68% | +53.53% |
Dividends
PNG.V vs. BANK.TO - Dividend Comparison
PNG.V has not paid dividends to shareholders, while BANK.TO's dividend yield for the trailing twelve months is around 12.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BANK.TO Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund | 12.78% | 13.73% | 15.28% | 13.60% | 10.52% |
PNG.V Kraken Robotics Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PNG.V and BANK.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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