VS
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) and Evolve Canadian Utilities Enhanced Yield Index Fund (UTES) offer distinct profiles for Canadian ETF investors. A direct comparison shows that BANK focuses its top 3 sector exposures on Financials, while UTES leans towards Utilities, Energy, and Communication Services. When evaluating costs, BANK features a management fee (MER) of 0.6%, compared to 0.6% for UTES. Performance-wise, BANK has returned 26.44% year-to-date with +$140 M in net flows, whereas UTES is at 13.25% with +$107 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
BANK
UTES
| AuM | $1,153.10 M | $376.35 M |
| Management Fees | 0.60% | 0.60% |
| Exp. ratio | 0.83% | 0.84% |
| Tracking Difference | - | - |
Historical performance and flows
As of June 17, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BANK | +10.60% | +26.36% | +26.44% | +65.98% | +95.76% |
UTES | +0.62% | +1.06% | +13.25% | +24.31% | - | |
| Flows | BANK | +$40 M | +$59 M | +$140 M | +$368 M | +$771 M |
UTES | +$18 M | +$67 M | +$107 M | +$257 M | - |
BANK vs UTES exposure
Countries
BANK
Canada
100.15%
UTES
Canada
100.40%
Sectors
BANK
Financials
100.15%
UTES
Utilities
42.59%
Energy
30.89%
Communication Services
26.92%
As of June 17, 2026
Top 10 Holdings
BANK
NATIONAL BANK OF CANADA
11.10%
CDN IMPERIAL BK
10.60%
GREAT WEST LIFECO
10.30%
TORONTO DOMINION
10.10%
POWER CORPORATION OF CANADA
10.10%
SUN LIFE FINL
9.96%
BANK OF MONTREAL
9.89%
ROYAL BK CANADA
9.47%
MANULIFE-S
9.31%
BNS
9.31%
UTES
ALTAGAS
11.67%
HYDRO ONE
10.42%
ENBRIDGE
10.37%
TC ENERGY CORP
10.36%
EMERA
10.32%
FORTIS
10.19%
PEMBINA PIPELINE
10.16%
ROGERS COMMUNICATIONS
9.70%
BCE
8.80%
TELUS
8.42%
Diversification
BANK
Total weight of top 10 holdings out of 10 total
100.15%
UTES
Total weight of top 10 holdings out of 10 total
100.40%
Characteristics
Compare
BANK
UTES
| Provider | Evolve ETFs | Evolve ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.13% | 15.93% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2022 | September 3, 2024 |
Frequently asked questions about BANK and UTES
Which ETF has performed better year to date: BANK or UTES?
As of June 17, 2026, BANK has returned 26.44% year to date, while UTES has returned 13.25%. BANK is ahead on YTD performance.
Which ETF is larger by assets under management: BANK or UTES?
As of June 17, 2026, BANK manages $1.15 B in assets, while UTES manages $376.35 M. BANK is the larger fund by AUM.
How are BANK and UTES managed?
BANK is actively managed by Evolve ETFs. It does not track an index. UTES is actively managed by Evolve ETFs. It does not track an index.
What sectors do BANK and UTES emphasize?
BANK is most exposed to Financials. UTES is most exposed to Utilities, Energy, and Communication Services.
Which ETF is attracting more investor flows: BANK or UTES?
Year to date, BANK has seen +$140.16 M in net flows, compared with +$107.47 M for UTES. BANK has attracted more net investor money so far.
How do the fees of BANK and UTES compare?
BANK has an expense ratio of 0.83%, while UTES has an expense ratio of 0.84%.
What are the top holdings of BANK and UTES?
BANK's largest holdings include NATIONAL BANK OF CANADA, CDN IMPERIAL BK, and GREAT WEST LIFECO. UTES's top holdings include ALTAGAS, HYDRO ONE, and ENBRIDGE.
Which ETF is more diversified: BANK or UTES?
BANK holds 10 securities, while UTES holds 10. On holdings count, BANK is the more diversified portfolio.
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