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Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) Alternatives

ETF · Currency in CAD · Last updated Aug 1, 2026

The Mulvihill Canadian Bank Enhanced Yield ETF provides exposure to Canada's Big Six banks (Royal Bank, TD, BMO, Scotiabank, CIBC, and National Bank). The fund applies modest leverage of approximately 25% to enhance dividend yields and overlays an active covered call writing strategy to generate additional premium income, targeting a 7% annual distribution yield paid monthly.

Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CBNK.TO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to CBNK.TO

CBNK.TO charges 1.68% annually. There are 111 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.21%.

SymbolNameExpense RatioAUMInception
QQCI.TO
Invesco NASDAQ 100 Income Advantage ETF0.21%63.79MAug 2024CBNK.TO vs QQCI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025CBNK.TO vs EQLI.TO
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025CBNK.TO vs ECHI.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024CBNK.TO vs JEPI.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%214.20MSep 2024CBNK.TO vs HBIL.TO

Best Risk-Adjusted Alternatives to CBNK.TO

CBNK.TO has a PortfoliosLab risk / return rank of 98. There is 1 ETF in the Derivative Income category with a higher risk-adjusted rank, going as high as 98.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
195.83MJun 2022CBNK.TO vs HLIF.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.33BFeb 2022CBNK.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.77BJan 2011CBNK.TO vs ZWB.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
97
405.23MMay 2011CBNK.TO vs BKCC.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
201.63MJul 2023CBNK.TO vs BKCL.TO

Top Performing CBNK.TO Alternatives (YTD)

CBNK.TO is at 44.23% YTD. No ETFs in the Derivative Income category have higher YTD returns; the top-performing alternatives shown here go as high as 41.00%.

SymbolNameYTD ReturnAUMInception
CNQE.TO
Harvest CNQ Enhanced High Income Shares ETF
41.00%
—Aug 2025CBNK.TO vs CNQE.TO
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
39.90%
295.63MOct 2023CBNK.TO vs ENCL.TO
HPF.TO
Harvest Energy Leaders Income ETF – Class A Units
37.52%
69.39MOct 2014CBNK.TO vs HPF.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...
34.00%
140.96MFeb 2015CBNK.TO vs NXF.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
33.28%
1.33BFeb 2022CBNK.TO vs BANK.TO

Lowest Volatility Alternatives to CBNK.TO

CBNK.TO has 17.52% 1-year volatility. There are 68 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.80%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.80%214.20MSep 2024CBNK.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...1.97%152.80MSep 2024CBNK.TO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF3.28%682.20MNov 2018CBNK.TO vs PYF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.70%249.28MJan 2024CBNK.TO vs HPYM.TO
PINC.TO
Purpose Multi-Asset Income Fund6.37%108.20MApr 2018CBNK.TO vs PINC.TO

Lowest Drawdown Alternatives to CBNK.TO

CBNK.TO has a 1-year max drawdown of -10.03%. There are 56 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

SymbolNameMax Drawdown 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...
-0.95%
214.20MSep 2024CBNK.TO vs HBIL.TO
HBIL-U.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF USD Unhed...
-1.32%
152.80MSep 2024CBNK.TO vs HBIL-U.TO
PYF.TO
Purpose Premium Yield Fund Series ETF
-2.11%
682.20MNov 2018CBNK.TO vs PYF.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
195.83MJun 2022CBNK.TO vs HLIF.TO
PINC.TO
Purpose Multi-Asset Income Fund
-3.59%
108.20MApr 2018CBNK.TO vs PINC.TO

Often Compared With CBNK.TO

Investors most often compare CBNK.TO with YAVG.NEO, YGOG.NEO, VDY.TO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETFDerivative Income, Semiconductors, Options Trading, Actively Managed
49
27.59%
—Feb 2025CBNK.TO vs YAVG.NEO
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
90
11.15%
63.90MDec 2022CBNK.TO vs YGOG.NEO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
28.99%
8.59BNov 2012CBNK.TO vs VDY.TO
METE.TO
Harvest Meta Enhanced High Income Shares ETF - Cla...Derivative Income, Leveraged Equities, Communications Equities———Jan 2025CBNK.TO vs METE.TO
HPYE.TO
Harvest Premium Yield Enhanced ETFDerivative Income, Leveraged Equities———Jan 2026CBNK.TO vs HPYE.TO
CLSA.TO
Brompton Split Corp. Enhanced Equity Income ETFDividend, Canada Equities
98
38.64%
—Mar 2025CBNK.TO vs CLSA.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
96
15.08%
2.45BFeb 2017CBNK.TO vs ZWC.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
12.77%
—Sep 2025CBNK.TO vs CANY.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
68
11.33%
1.30BFeb 2022CBNK.TO vs HYLD.TO
MSHE.TO
Harvest Microsoft Enhanced High Income Shares ETF ...Derivative Income
6
-6.65%
—Aug 2024CBNK.TO vs MSHE.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETFDerivative Income
63
8.14%
—Sep 2022CBNK.TO vs DXQ.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
79
13.52%
244.05MJul 2023CBNK.TO vs USCL.TO
BNKL.TO
Global X Enhanced Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
41.35%
—Jul 2023CBNK.TO vs BNKL.TO
HHIH.TO
Harvest High Income Equity Shares ETF Class A Unit...Derivative Income—
1.85%
—Aug 2025CBNK.TO vs HHIH.TO
MSTE.TO
Harvest Strategy Inc. Enhanced High Income Shares ...Derivative Income
1
-43.37%
295.90MMar 2025CBNK.TO vs MSTE.TO
RBNK.TO
RBC Canadian Bank Yield Index ETFFinancials Equities
98
33.54%
518.88MOct 2017CBNK.TO vs RBNK.TO
HCAL.TO
Hamilton Enhanced Canadian Bank ETFFinancials Equities, Canada Equities, Leveraged Equities
98
41.03%
1.09BOct 2020CBNK.TO vs HCAL.TO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...Derivative Income
38
18.78%
—Mar 2025CBNK.TO vs AVGY.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income, Blockchain, Options Trading, Actively Managed—
-31.93%
—Oct 2025CBNK.TO vs CRCY.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
19
-32.98%
362.80MDec 2022CBNK.TO vs YTSL.NEO

Compare CBNK.TO with Any Fund or Stock

Compare CBNK.TO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair CBNK.TO with funds that move differently

Mulvihill Canadian Bank Enhanced Yield ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CBNK.TO.

Explore CBNK.TO Diversifiers