PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SOXY vs. BANK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SOXY vs. BANK.TO

Last updated Jun 4, 2026

SOXY (YieldMax Target 12™ Semiconductor Option Income ETF) and BANK.TO (Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund) are both Derivative Income funds. SOXY is actively managed, while BANK.TO is passively managed. Over the past year, SOXY returned 154.02% vs 54.71% for BANK.TO. At a 0.36 correlation, their price movements are largely independent. SOXY charges 0.99%/yr vs 0.60%/yr for BANK.TO.

Performance

SOXY vs. BANK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

SOXY is traded in USD, while BANK.TO is traded in CAD. To make them comparable, the BANK.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOXY achieves a 89.69% return, which is significantly higher than BANK.TO's 17.01% return.

SOXY

1D
0.87%
1M
31.46%
YTD
89.69%
6M
88.39%
1Y
154.02%
3Y*
—
5Y*
—
10Y*
—

BANK.TO

1D
0.00%
1M
5.03%
YTD
17.01%
6M
25.18%
1Y
54.71%
3Y*
30.87%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXY vs. BANK.TO - Yearly Performance Comparison

2026 (YTD)20252024
SOXY
YieldMax Target 12™ Semiconductor Option Income ETF		89.69%37.00%-1.18%
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		15.91%47.76%-3.48%

Correlation

The correlation between SOXY and BANK.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Dec 4, 2024

0.36

SOXY vs. BANK.TO - Sectors Allocation Comparison

Sectors
SOXY
BANK.TO

Technology

100.0%

-

Consumer Defensive

0.0%

-

Financial Services

0.0%
100.0%

Industrials

0.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Utilities

-

-

Technology

SOXY
100.0%
BANK.TO

-

Consumer Defensive

SOXY
0.0%
BANK.TO

-

Financial Services

SOXY
0.0%
BANK.TO
100.0%

Industrials

SOXY
0.0%
BANK.TO

-

Basic Materials

SOXY

-

BANK.TO

-

Communication Services

SOXY

-

BANK.TO

-

Consumer Cyclical

SOXY

-

BANK.TO

-

Energy

SOXY

-

BANK.TO

-

Healthcare

SOXY

-

BANK.TO

-

Real Estate

SOXY

-

BANK.TO

-

Utilities

SOXY

-

BANK.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

YieldMax Target 12™ Semiconductor Option Income ETF

Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund

Often compared with SOXY:
SOXY vs. CHPYSOXY vs. SOXXSOXY vs. BIGYSOXY vs. SMHSOXY vs. QQQISOXY vs. SMHXSOXY vs. NVDA
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

SOXY vs. BANK.TO — Risk / Return Rank

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

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

This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) 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.

SOXYBANK.TODifference
Sharpe ratioReturn per unit of total volatility
5.32
4.10

+1.21

Sortino ratioReturn per unit of downside risk
5.53
5.60

-0.07

Omega ratioGain probability vs. loss probability

1.75

1.71

+0.04

Calmar ratioReturn relative to maximum drawdown

11.33

6.18

+5.15

Martin ratioReturn relative to average drawdown

42.65

27.19

+15.46

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

SOXY vs. BANK.TO - Sharpe Ratio Comparison

The current SOXY Sharpe Ratio is 5.32, which is comparable to the BANK.TO Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of SOXY 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.

Loading charts...

Sharpe Ratios by Period

SOXYBANK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.32

4.10

+1.21

Sharpe Ratio (All Time)

Calculated using the full available price history

2.57

0.77

+1.80

Drawdowns

SOXY vs. BANK.TO - Drawdown Comparison

The maximum SOXY drawdown since its inception was -30.22%, smaller than the maximum BANK.TO drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for SOXY and BANK.TO.

Loading charts...

Drawdown Indicators

SOXYBANK.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.22%

-34.80%

+4.58%

Max Drawdown (1Y)

Largest decline over 1 year

-13.68%

-8.89%

-4.79%

Max Drawdown (3Y)

Largest decline over 3 years

—

-19.73%

—

Current Drawdown

Current decline from peak

0.00%

-0.87%

+0.87%

Average Drawdown

Average peak-to-trough decline

-4.94%

-11.65%

+6.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.63%

2.02%

+1.61%

Volatility

SOXY vs. BANK.TO - Volatility Comparison

YieldMax Target 12™ Semiconductor Option Income ETF (SOXY) has a higher volatility of 12.85% compared to Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK.TO) at 4.30%. This indicates that SOXY'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.

Loading charts...

Volatility by Period

SOXYBANK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.85%

4.30%

+8.55%

Volatility (6M)

Calculated over the trailing 6-month period

24.06%

11.37%

+12.69%

Volatility (1Y)

Calculated over the trailing 1-year period

29.20%

13.40%

+15.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

34.56%

18.94%

+15.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.56%

18.94%

+15.62%

SOXY vs. BANK.TO - Expense Ratio Comparison

SOXY has a 0.99% expense ratio, which is higher than BANK.TO's 0.60% expense ratio.

Dividends

SOXY vs. BANK.TO - Dividend Comparison

SOXY's dividend yield for the trailing twelve months is around 7.74%, less than BANK.TO's 13.02% yield.

PositionTTM2025202420232022
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund		13.02%13.73%15.28%13.60%10.52%
SOXY
YieldMax Target 12™ Semiconductor Option Income ETF		7.74%11.47%0.00%0.00%0.00%

Frequently Asked Questions

SOXY and BANK.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BANK.TO is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BANK.TO is cheaper with a 0.60% expense ratio, compared with 0.99% for SOXY.

They also come from different issuers: YieldMax and Evolve. Their fees differ too: 0.99% for SOXY and 0.60% for BANK.TO.

Portfolio Optimizer

Find the right allocation for SOXY and BANK.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer