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TD Canadian Bank Dividend Index ETF (TBNK) and Evolve Canadian Banks and Lifecos Enhanced Yield Index Fund (BANK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that TBNK focuses its top 3 sector exposures on Financials, while BANK leans towards Financials. When evaluating costs, TBNK features a management fee (MER) of 0.25%, compared to 0.6% for BANK. Performance-wise, TBNK has returned 28.99% year-to-date with +$49 M in net flows, whereas BANK is at 27.31% with +$143 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
TBNK
BANK
| AuM | $376.51 M | $1,163.69 M |
| Management Fees | 0.25% | 0.60% |
| Exp. ratio | 0.28% | 0.83% |
| Tracking Difference | -0.65% | - |
Historical performance and flows
As of June 18, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBNK | +9.96% | +27.65% | +28.99% | +70.89% | +146.30% |
BANK | +11.36% | +28.28% | +27.31% | +66.87% | +97.10% | |
| Flows | TBNK | +$12 M | +$25 M | +$49 M | +$208 M | +$245 M |
BANK | +$42 M | +$61 M | +$143 M | +$368 M | +$774 M |
TBNK vs BANK exposure
Countries
TBNK
Canada
99.88%
BANK
Canada
100.15%
Sectors
TBNK
Financials
99.88%
BANK
Financials
100.15%
As of June 18, 2026
Top 10 Holdings
TBNK
NATIONAL BANK OF CANADA
29.21%
TORONTO DOMINION
23.66%
ROYAL BK CANADA
18.85%
BANK OF MONTREAL
13.69%
CDN IMPERIAL BK
9.70%
BNS
4.77%
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%
BNS
9.31%
MANULIFE-S
9.31%
Diversification
TBNK
Total weight of top 10 holdings out of 6 total
99.88%
BANK
Total weight of top 10 holdings out of 10 total
100.15%
Characteristics
Compare
TBNK
BANK
| Provider | TD Asset Management | Evolve ETFs |
| Management | Passively managed | Actively managed |
| Benchmark | Solactive Canadian Bank Dividend Index NTR - CAD | - |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.27% | 11.06% |
| Meets ESG criteria | No | No |
| Inception Date | April 27, 2023 | February 1, 2022 |
Frequently asked questions about TBNK and BANK
Which ETF has performed better year to date: TBNK or BANK?
As of June 18, 2026, TBNK has returned 28.99% year to date, while BANK has returned 27.31%. TBNK is ahead on YTD performance.
Which ETF is larger by assets under management: TBNK or BANK?
As of June 18, 2026, TBNK manages $376.51 M in assets, while BANK manages $1.16 B. BANK is the larger fund by AUM.
How are TBNK and BANK managed?
TBNK is passively managed by TD Asset Management. It tracks the Solactive Canadian Bank Dividend Index NTR - CAD benchmark. BANK is actively managed by Evolve ETFs. It does not track an index.
What sectors do TBNK and BANK emphasize?
TBNK is most exposed to Financials. BANK is most exposed to Financials.
Which ETF is attracting more investor flows: TBNK or BANK?
Year to date, TBNK has seen +$48.83 M in net flows, compared with +$142.84 M for BANK. BANK has attracted more net investor money so far.
How do the fees of TBNK and BANK compare?
TBNK has an expense ratio of 0.28%, while BANK has an expense ratio of 0.83%.
What are the top holdings of TBNK and BANK?
TBNK's largest holdings include NATIONAL BANK OF CANADA, TORONTO DOMINION, and ROYAL BK CANADA. BANK's top holdings include NATIONAL BANK OF CANADA, CDN IMPERIAL BK, and GREAT WEST LIFECO.
Which ETF is more diversified: TBNK or BANK?
TBNK holds 6 securities, while BANK holds 10. On holdings count, BANK is the more diversified portfolio.
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