CBNK.TO Alternatives & Similar ETFs

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

Among 78 ETFs in the Derivative Income category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.04%.

Symbol	Name	Expense Ratio	AUM	Inception
USCL.TO	Global X Enhanced S&P 500 Covered Call ETF	0.04%	250.98M	Jul 2023	CBNK.TO vs USCL.TO
ECHI.TO	Ninepoint Enhanced Canadian HighShares ETF	0.29%	—	Aug 2025	CBNK.TO vs ECHI.TO
EQLI.TO	Invesco S&P 500 Equal Weight Income Advantage ETF	0.29%	155.19M	Nov 2025	CBNK.TO vs EQLI.TO
JEPQ.TO	JPMorgan Nasdaq Equity Premium Income Active ETF	0.35%	136.22M	Sep 2024	CBNK.TO vs JEPQ.TO
JEPI.TO	JPMorgan US Equity Premium Income Active ETF	0.35%	—	Sep 2024	CBNK.TO vs JEPI.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.

Symbol	Name	Risk / Return Rank	AUM	Inception
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	98	—	Jun 2022	CBNK.TO vs HLIF.TO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	97	1.16B	Feb 2022	CBNK.TO vs BANK.TO
ZWB.TO	BMO Covered Call Canadian Banks ETF	97	4.65B	Jan 2011	CBNK.TO vs ZWB.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	97	197.22M	Jul 2023	CBNK.TO vs BKCL.TO
BKCC.TO	Global X Equal Weight Canadian Bank Covered Call E...	96	395.62M	May 2011	CBNK.TO vs BKCC.TO

Top Performing CBNK.TO Alternatives (YTD)

CBNK.TO is at 41.95% YTD. No ETFs in the Derivative Income category have higher YTD returns; the top-performing alternatives shown here go as high as 30.80%.

Symbol	Name	YTD Return	AUM	Inception
ENCL.TO	Global X Enhanced Canadian Oil and Gas Equity Cove...	30.80%	267.19M	Oct 2023	CBNK.TO vs ENCL.TO
YAVG.NEO	Broadcom (AVGO) Yield Shares Purpose ETF	28.52%	—	Feb 2025	CBNK.TO vs YAVG.NEO
BANK.TO	Evolve Canadian Banks and Lifecos Enhanced Yield I...	27.46%	1.16B	Feb 2022	CBNK.TO vs BANK.TO
BKCL.TO	Global X Enhanced Equal Weight Canadian Banks Cove...	26.81%	197.22M	Jul 2023	CBNK.TO vs BKCL.TO
EMCL.NEO	Global X Enhanced MSCI Emerging Markets Covered Ca...	26.59%	7.51M	May 2024	CBNK.TO vs EMCL.NEO

Lowest Volatility Alternatives to CBNK.TO

CBNK.TO has 15.72% 1-year volatility. There are 42 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.62%.

Symbol	Name	Volatility 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	1.62%	227.30M	Sep 2024	CBNK.TO vs HBIL.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	4.66%	230.93M	Jan 2024	CBNK.TO vs HPYM.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	6.88%	1.36B	Jun 2023	CBNK.TO vs UMAX.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	6.98%	—	Jun 2022	CBNK.TO vs HLIF.TO
ZWU.TO	BMO Covered Call Utilities ETF	7.68%	2.20B	Oct 2011	CBNK.TO vs ZWU.TO

Lowest Drawdown Alternatives to CBNK.TO

CBNK.TO has a 1-year max drawdown of -10.03%. There are 36 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.95%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
HBIL.TO	Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...	-0.95%	227.30M	Sep 2024	CBNK.TO vs HBIL.TO
HLIF.TO	Harvest Canadian Equity Income Leaders ETF Class A	-3.09%	—	Jun 2022	CBNK.TO vs HLIF.TO
HPYM.TO	Harvest Premium Yield 7-10 Year Treasury ETF - Cla...	-3.87%	230.93M	Jan 2024	CBNK.TO vs HPYM.TO
ZWU.TO	BMO Covered Call Utilities ETF	-4.86%	2.20B	Oct 2011	CBNK.TO vs ZWU.TO
UMAX.TO	Hamilton Utilities YIELD MAXIMIZER ETF	-5.11%	1.36B	Jun 2023	CBNK.TO vs UMAX.TO

Often Compared With CBNK.TO

Investors most often compare CBNK.TO with YGOG.NEO, NXF.TO, CLSA.TO. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
YGOG.NEO	Alphabet (GOOGL) Yield Shares Purpose ETF	Derivative Income, Technology Equities	93	7.18%	63.10M	Dec 2022	CBNK.TO vs YGOG.NEO
NXF.TO	CI Energy Giants Covered Call ETF Common Units (CA...	Energy Equities, Derivative Income	39	19.97%	116.28M	Feb 2015	CBNK.TO vs NXF.TO
CLSA.TO	Brompton Split Corp. Enhanced Equity Income ETF	Canada Equities	97	33.52%	—	Mar 2025	CBNK.TO vs CLSA.TO
CANY.TO	Evolve Canadian Equity UltraYield ETF	Derivative Income, Canada Equities	—	12.78%	—	Sep 2025	CBNK.TO vs CANY.TO
ZWC.TO	BMO CA High Dividend Covered Call ETF	Derivative Income	93	12.66%	2.35B	Feb 2017	CBNK.TO vs ZWC.TO
HPYE.TO	Harvest Premium Yield Enhanced ETF	Derivative Income, Leveraged Equities, Large Cap Blend Equities	—	—	—	Jan 2026	CBNK.TO vs HPYE.TO
MSHE.TO	Harvest Microsoft Enhanced High Income Shares ETF ...	Derivative Income	3	-24.16%	—	Aug 2024	CBNK.TO vs MSHE.TO
METE.TO	Harvest Meta Enhanced High Income Shares ETF - Cla...	Derivative Income, Leveraged Equities, Communications Equities	—	—	—	Jan 2025	CBNK.TO vs METE.TO
VDY.TO	Vanguard FTSE Canadian High Dividend Yield Index E...	Dividend	98	24.99%	7.99B	Nov 2012	CBNK.TO vs VDY.TO
HYLD.TO	Hamilton Enhanced U.S. Covered Call ETF	Derivative Income	64	12.62%	1.30B	Feb 2022	CBNK.TO vs HYLD.TO
DXQ.TO	Dynamic Active Enhanced Yield Covered Options ETF	Derivative Income	68	7.89%	—	Sep 2022	CBNK.TO vs DXQ.TO
AVGY.TO	Harvest Broadcom Enhanced High Income Shares ETF -...	Derivative Income	44	16.37%	—	Mar 2025	CBNK.TO vs AVGY.TO
HHIH.TO	Harvest High Income Equity Shares ETF Class A Unit...	Derivative Income	—	3.11%	—	Aug 2025	CBNK.TO vs HHIH.TO
HUTE.TO	Harvest Equal Weight Global Utilities Enhanced Inc...	Derivative Income, Utilities Equities	56	13.36%	101.38M	Oct 2022	CBNK.TO vs HUTE.TO
EMAX.TO	Hamilton Energy YIELD MAXIMIZER ETF	Energy Equities, Derivative Income	51	22.48%	467.50M	Feb 2024	CBNK.TO vs EMAX.TO
CRCY.TO	Harvest Circle Enhanced High Income Shares ETF Cla...	Derivative Income	—	-14.04%	—	Sep 2025	CBNK.TO vs CRCY.TO
MSTE.TO	Harvest Strategy Inc. Enhanced High Income Shares ...	Derivative Income	1	-35.74%	365.84M	Mar 2025	CBNK.TO vs MSTE.TO
XYLU.L	Global X S&P 500 Covered Call UCITS ETF USD	Derivative Income, S&P 500	85	6.25%	—	Jul 2023	CBNK.TO vs XYLU.L
YTSL.NEO	Tesla (TSLA) Yield Shares Purpose ETF	Derivative Income	22	-15.72%	419.10M	Dec 2022	CBNK.TO vs YTSL.NEO
BNKL.TO	Global X Enhanced Equal Weight Banks Index ETF	Financials Equities, Equal Weight	98	37.19%	—	Jul 2023	CBNK.TO vs BNKL.TO

Compare CBNK.TO with Any Fund or Stock

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

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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

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