RBNK.TO vs. BNS
Compare and contrast key facts about RBC Canadian Bank Yield Index ETF (RBNK.TO) and The Bank of Nova Scotia (BNS).
RBNK.TO is a passively managed fund by RBC that tracks the performance of the Solactive Canada Bank Yield Index. It was launched on Oct 19, 2017.
Performance
RBNK.TO vs. BNS - Performance Comparison
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RBNK.TO vs. BNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RBNK.TO RBC Canadian Bank Yield Index ETF | 1.94% | 44.94% | 22.08% | 11.01% | -13.14% | 40.30% | 3.34% | 16.82% | -9.14% | 3.71% |
BNS The Bank of Nova Scotia | -3.64% | 38.46% | 27.65% | 6.14% | -22.93% | 39.35% | -0.02% | 11.71% | -11.35% | 1.49% |
Different Trading Currencies
RBNK.TO is traded in CAD, while BNS is traded in USD. To make them comparable, the BNS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RBNK.TO achieves a 1.94% return, which is significantly higher than BNS's -3.64% return.
RBNK.TO
- 1D
- 2.60%
- 1M
- -4.12%
- YTD
- 1.94%
- 6M
- 13.12%
- 1Y
- 51.38%
- 3Y*
- 25.27%
- 5Y*
- 16.01%
- 10Y*
- —
BNS
- 1D
- 2.73%
- 1M
- -6.69%
- YTD
- -3.64%
- 6M
- 9.59%
- 1Y
- 48.97%
- 3Y*
- 20.14%
- 5Y*
- 10.83%
- 10Y*
- 10.56%
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Return for Risk
RBNK.TO vs. BNS — Risk / Return Rank
RBNK.TO
BNS
RBNK.TO vs. BNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Bank Yield Index ETF (RBNK.TO) and The Bank of Nova Scotia (BNS). 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.
| RBNK.TO | BNS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.79 | 3.16 | +0.62 |
Sortino ratioReturn per unit of downside risk | 4.81 | 4.18 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.73 | 1.65 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 5.70 | 4.23 | +1.48 |
Martin ratioReturn relative to average drawdown | 22.90 | 16.74 | +6.16 |
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
| RBNK.TO | BNS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.79 | 3.16 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.68 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.66 | +0.05 |
Correlation
The correlation between RBNK.TO and BNS is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RBNK.TO vs. BNS - Dividend Comparison
RBNK.TO's dividend yield for the trailing twelve months is around 3.47%, less than BNS's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBNK.TO RBC Canadian Bank Yield Index ETF | 3.47% | 3.39% | 4.50% | 4.77% | 4.49% | 3.07% | 4.18% | 3.86% | 4.06% | 0.56% | 0.00% | 0.00% |
BNS The Bank of Nova Scotia | 4.52% | 4.17% | 5.85% | 8.56% | 6.39% | 5.09% | 4.93% | 3.53% | 6.34% | 4.80% | 5.24% | 8.13% |
Drawdowns
RBNK.TO vs. BNS - Drawdown Comparison
The maximum RBNK.TO drawdown since its inception was -39.08%, roughly equal to the maximum BNS drawdown of -38.37%. Use the drawdown chart below to compare losses from any high point for RBNK.TO and BNS.
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Drawdown Indicators
| RBNK.TO | BNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.08% | -63.65% | +24.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.08% | -13.36% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -28.64% | -39.12% | +10.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.29% | — |
Current DrawdownCurrent decline from peak | -6.41% | -10.89% | +4.48% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -11.08% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 3.20% | -0.94% |
Volatility
RBNK.TO vs. BNS - Volatility Comparison
The current volatility for RBC Canadian Bank Yield Index ETF (RBNK.TO) is 6.29%, while The Bank of Nova Scotia (BNS) has a volatility of 6.63%. This indicates that RBNK.TO experiences smaller price fluctuations and is considered to be less risky than BNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RBNK.TO | BNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 6.63% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 10.60% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 15.56% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.63% | 16.06% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.24% | 18.71% | -0.47% |