VS
Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) and iShares S&P/TSX Capped Financials Index ETF (XFN) offer distinct profiles for Canadian ETF investors. A direct comparison shows that BANK focuses its top 3 sector exposures on Financials, while XFN leans towards Financials. When evaluating costs, BANK features a management fee (MER) of 0.6%, compared to 0.55% for XFN. Performance-wise, BANK has returned 9.81% year-to-date with +$79 M in net flows, whereas XFN is at 7.15% with -$39 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
XFN
| AuM | $967.19 M | $2,073.90 M |
| Management Fees | 0.60% | 0.55% |
| Exp. ratio | 0.83% | 0.61% |
| Tracking Difference | - | -0.91% |
Historical performance and flows
As of April 24, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | BANK | +11.29% | +10.20% | +9.81% | +52.71% | +67.70% |
XFN | +10.59% | +7.28% | +7.15% | +46.48% | +101.52% | |
| Flows | BANK | -$11 M | +$37 M | +$79 M | +$359 M | +$717 M |
XFN | -$106 M | -$55 M | -$39 M | -$292 M | -$414 M |
BANK vs XFN exposure
Countries
BANK
Canada
100.26%
XFN
Canada
99.85%
Sectors
BANK
Financials
100.26%
XFN
Financials
89.74%
Other
10.27%
As of April 24, 2026
Top 10 Holdings
BANK
NATIONAL BANK OF CANADA
10.90%
GREAT WEST LIFECO
10.40%
CDN IMPERIAL BK
10.20%
POWER CORPORATION OF CANADA
10.20%
TORONTO DOMINION
10.10%
SUN LIFE FINL
10.10%
BANK OF MONTREAL
9.83%
ROYAL BK CANADA
9.74%
BNS
9.45%
MANULIFE-S
9.34%
XFN
ROYAL BK CANADA
21.56%
TORONTO DOMINION
14.95%
BANK OF MONTREAL
9.13%
CA11271J1075
8.52%
CDN IMPERIAL BK
8.40%
BNS
8.16%
MANULIFE-S
5.51%
NATIONAL BANK OF CANADA
4.79%
FAIRFAX FINANCIAL HOLDINGS
3.35%
SUN LIFE FINL
3.31%
Diversification
BANK
Total weight of top 10 holdings out of 10 total
100.26%
XFN
Total weight of top 10 holdings out of 24 total
87.67%
Characteristics
Compare
BANK
XFN
| Provider | Evolve ETFs | iShares |
| Management | Actively managed | Passively managed |
| Benchmark | - | S&P/TSX Capped Financials Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 11.13% | 2.27% |
| Meets ESG criteria | No | No |
| Inception Date | February 1, 2022 | March 23, 2001 |
Frequently asked questions about BANK and XFN
Which ETF has performed better year to date: BANK or XFN?
As of April 24, 2026, BANK has returned 9.81% year to date, while XFN has returned 7.15%. BANK is ahead on YTD performance.
Which ETF is larger by assets under management: BANK or XFN?
As of April 24, 2026, BANK manages $967.19 M in assets, while XFN manages $2.07 B. XFN is the larger fund by AUM.
How are BANK and XFN managed?
BANK is actively managed by Evolve ETFs. It does not track an index. XFN is passively managed by iShares. It tracks the S&P/TSX Capped Financials Total Return Index - CAD benchmark.
What sectors do BANK and XFN emphasize?
BANK is most exposed to Financials. XFN is most exposed to Financials.
Which ETF is attracting more investor flows: BANK or XFN?
Year to date, BANK has seen +$79.34 M in net flows, compared with -$39.37 M for XFN. BANK has attracted more net investor money so far.
How do the fees of BANK and XFN compare?
BANK has an expense ratio of 0.83%, while XFN has an expense ratio of 0.61%.
What are the top holdings of BANK and XFN?
BANK's largest holdings include NATIONAL BANK OF CANADA, GREAT WEST LIFECO, and CDN IMPERIAL BK. XFN's top holdings include ROYAL BK CANADA and TORONTO DOMINION.
Which ETF is more diversified: BANK or XFN?
BANK holds 10 securities, while XFN holds 23. On holdings count, XFN is the more diversified portfolio.
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