WCP.TO vs. HBNK.TO
WCP.TO (Whitecap Resources Inc.) is a stock, while HBNK.TO (Global X Equal Weight Banks Index ETF) is Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index. Over the past year, WCP.TO returned 77.15% vs 73.13% for HBNK.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
WCP.TO vs. HBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, WCP.TO achieves a 34.24% return, which is significantly higher than HBNK.TO's 30.88% return.
WCP.TO
- 1D
- 0.93%
- 1M
- -6.77%
- YTD
- 34.24%
- 6M
- 35.18%
- 1Y
- 77.15%
- 3Y*
- 26.87%
- 5Y*
- 25.87%
- 10Y*
- 10.72%
HBNK.TO
- 1D
- 0.68%
- 1M
- 7.65%
- YTD
- 30.88%
- 6M
- 30.25%
- 1Y
- 73.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WCP.TO vs. HBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WCP.TO Whitecap Resources Inc. | 34.24% | 21.33% | 23.63% | -0.55% |
HBNK.TO Global X Equal Weight Banks Index ETF | 30.88% | 43.71% | 24.77% | 9.82% |
Correlation
The correlation between WCP.TO and HBNK.TO is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.11 |
The correlation between WCP.TO and HBNK.TO shifts across timeframes, from -0.10 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WCP.TO vs. HBNK.TO — Risk / Return Rank
WCP.TO
HBNK.TO
WCP.TO vs. HBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Whitecap Resources Inc. (WCP.TO) and Global X Equal Weight Banks Index ETF (HBNK.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WCP.TO | HBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.89 | ||
| Sortino ratioReturn per unit of downside risk | -4.33 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 2.03 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 6.10 | 8.67 | -2.57 |
| Martin ratioReturn relative to average drawdown | 18.82 | 37.71 | -18.89 |
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Drawdowns
WCP.TO vs. HBNK.TO - Drawdown Comparison
The maximum WCP.TO drawdown since its inception was -94.41%, which is greater than HBNK.TO's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for WCP.TO and HBNK.TO.
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Drawdown Indicators
| WCP.TO | HBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.41% | -14.78% | -79.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.70% | -8.48% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -33.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.64% | — | — |
Current DrawdownCurrent decline from peak | -11.89% | 0.00% | -11.89% |
Average DrawdownAverage peak-to-trough decline | -38.31% | -2.27% | -36.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 1.95% | +2.16% |
Volatility
WCP.TO vs. HBNK.TO - Volatility Comparison
Whitecap Resources Inc. (WCP.TO) has a higher volatility of 9.97% compared to Global X Equal Weight Banks Index ETF (HBNK.TO) at 4.23%. This indicates that WCP.TO's price experiences larger fluctuations and is considered to be riskier than HBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WCP.TO | HBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.97% | 4.23% | +5.74% |
Volatility (6M)Calculated over the trailing 6-month period | 22.81% | 11.27% | +11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.81% | 12.96% | +14.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.60% | 12.70% | +22.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.42% | 12.70% | +34.72% |
Dividends
WCP.TO vs. HBNK.TO - Dividend Comparison
WCP.TO's dividend yield for the trailing twelve months is around 4.83%, more than HBNK.TO's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBNK.TO Global X Equal Weight Banks Index ETF | 2.56% | 3.24% | 4.15% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WCP.TO Whitecap Resources Inc. | 4.83% | 6.34% | 7.15% | 6.95% | 3.61% | 2.75% | 4.39% | 6.05% | 7.30% | 3.14% | 2.86% | 8.27% |
Frequently Asked Questions
WCP.TO and HBNK.TO have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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