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

ETF · Currency in CAD · Last updated Jul 14, 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

Among 83 ETFs in the Derivative Income category with expense-ratio data, the lowest-cost alternatives shown here go as low as 0.29%.

SymbolNameExpense RatioAUMInception
ECHI.TO
Ninepoint Enhanced Canadian HighShares ETF0.29%—Aug 2025CBNK.TO vs ECHI.TO
EQLI.TO
Invesco S&P 500 Equal Weight Income Advantage ETF0.29%169.56MNov 2025CBNK.TO vs EQLI.TO
JEPQ.TO
JPMorgan Nasdaq Equity Premium Income Active ETF0.35%136.22MSep 2024CBNK.TO vs JEPQ.TO
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...0.35%224.00MSep 2024CBNK.TO vs HBIL.TO
JEPI.TO
JPMorgan US Equity Premium Income Active ETF0.35%—Sep 2024CBNK.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.

SymbolNameRisk / Return RankAUMInception
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
98
180.28MJun 2022CBNK.TO vs HLIF.TO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
98
1.26BFeb 2022CBNK.TO vs BANK.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
97
4.84BJan 2011CBNK.TO vs ZWB.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
97
198.10MJul 2023CBNK.TO vs BKCL.TO
BKCC.TO
Global X Equal Weight Canadian Bank Covered Call E...
97
400.33MMay 2011CBNK.TO vs BKCC.TO

Top Performing CBNK.TO Alternatives (YTD)

CBNK.TO is at 45.98% YTD. No ETFs in the Derivative Income category have higher YTD returns; the top-performing alternatives shown here go as high as 35.30%.

SymbolNameYTD ReturnAUMInception
ENCL.TO
Global X Enhanced Canadian Oil and Gas Equity Cove...
35.30%
271.10MOct 2023CBNK.TO vs ENCL.TO
YAVG.NEO
Broadcom (AVGO) Yield Shares Purpose ETF
30.97%
—Feb 2025CBNK.TO vs YAVG.NEO
BANK.TO
Evolve Canadian Banks and Lifecos Enhanced Yield I...
30.92%
1.26BFeb 2022CBNK.TO vs BANK.TO
BKCL.TO
Global X Enhanced Equal Weight Canadian Banks Cove...
29.97%
198.10MJul 2023CBNK.TO vs BKCL.TO
ZWB.TO
BMO Covered Call Canadian Banks ETF
29.10%
4.84BJan 2011CBNK.TO vs ZWB.TO

Lowest Volatility Alternatives to CBNK.TO

CBNK.TO has 16.64% 1-year volatility. There are 50 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 1.76%.

SymbolNameVolatility 1YAUMInception
HBIL.TO
Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg...1.76%224.00MSep 2024CBNK.TO vs HBIL.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...4.74%259.21MJan 2024CBNK.TO vs HPYM.TO
ZPH.TO
BMO US Put Write Hedged to CAD ETF6.54%35.29MFeb 2017CBNK.TO vs ZPH.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A7.06%180.28MJun 2022CBNK.TO vs HLIF.TO
ZPW.TO
BMO US Put Write ETF7.31%105.45MSep 2015CBNK.TO vs ZPW.TO

Lowest Drawdown Alternatives to CBNK.TO

CBNK.TO has a 1-year max drawdown of -10.03%. There are 42 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%
224.00MSep 2024CBNK.TO vs HBIL.TO
HLIF.TO
Harvest Canadian Equity Income Leaders ETF Class A
-3.09%
180.28MJun 2022CBNK.TO vs HLIF.TO
HPYM.TO
Harvest Premium Yield 7-10 Year Treasury ETF - Cla...
-3.87%
259.21MJan 2024CBNK.TO vs HPYM.TO
ZWU.TO
BMO Covered Call Utilities ETF
-4.86%
2.21BOct 2011CBNK.TO vs ZWU.TO
UMAX.TO
Hamilton Utilities YIELD MAXIMIZER ETF
-5.11%
1.41BJun 2023CBNK.TO vs UMAX.TO

Often Compared With CBNK.TO

Investors most often compare CBNK.TO with YGOG.NEO, METE.TO, NXF.TO. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
YGOG.NEO
Alphabet (GOOGL) Yield Shares Purpose ETFDerivative Income, Technology Equities
92
9.38%
62.00MDec 2022CBNK.TO vs YGOG.NEO
METE.TO
Harvest Meta Enhanced High Income Shares ETF - Cla...Derivative Income, Leveraged Equities, Communications Equities———Jan 2025CBNK.TO vs METE.TO
NXF.TO
CI Energy Giants Covered Call ETF Common Units (CA...Energy Equities, Derivative Income
45
24.97%
127.47MFeb 2015CBNK.TO vs NXF.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 ETFCanada Equities
98
38.56%
—Mar 2025CBNK.TO vs CLSA.TO
CANY.TO
Evolve Canadian Equity UltraYield ETFDerivative Income, Canada Equities—
13.97%
—Sep 2025CBNK.TO vs CANY.TO
ZWC.TO
BMO CA High Dividend Covered Call ETFDerivative Income
95
13.92%
2.41BFeb 2017CBNK.TO vs ZWC.TO
HYLD.TO
Hamilton Enhanced U.S. Covered Call ETFDerivative Income
74
14.77%
1.32BFeb 2022CBNK.TO vs HYLD.TO
MSHE.TO
Harvest Microsoft Enhanced High Income Shares ETF ...Derivative Income
4
-20.43%
—Aug 2024CBNK.TO vs MSHE.TO
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index E...Dividend
99
27.73%
8.59BNov 2012CBNK.TO vs VDY.TO
DXQ.TO
Dynamic Active Enhanced Yield Covered Options ETFDerivative Income
72
8.29%
—Sep 2022CBNK.TO vs DXQ.TO
USCL.TO
Global X Enhanced S&P 500 Covered Call ETFDerivative Income, S&P 500
85
14.62%
250.73MJul 2023CBNK.TO vs USCL.TO
HHIH.TO
Harvest High Income Equity Shares ETF Class A Unit...Derivative Income—
6.76%
—Aug 2025CBNK.TO vs HHIH.TO
MSTE.TO
Harvest Strategy Inc. Enhanced High Income Shares ...Derivative Income
1
-45.07%
297.99MMar 2025CBNK.TO vs MSTE.TO
AVGY.TO
Harvest Broadcom Enhanced High Income Shares ETF -...Derivative Income
41
17.57%
—Mar 2025CBNK.TO vs AVGY.TO
CRCY.TO
Harvest Circle Enhanced High Income Shares ETF Cla...Derivative Income—
-31.06%
—Sep 2025CBNK.TO vs CRCY.TO
BNKL.TO
Global X Enhanced Equal Weight Banks Index ETFFinancials Equities, Equal Weight
98
41.88%
—Jul 2023CBNK.TO vs BNKL.TO
HUTE.TO
Harvest Equal Weight Global Utilities Enhanced Inc...Derivative Income, Utilities Equities
62
13.03%
103.07MOct 2022CBNK.TO vs HUTE.TO
YTSL.NEO
Tesla (TSLA) Yield Shares Purpose ETFDerivative Income
42
-11.29%
437.60MDec 2022CBNK.TO vs YTSL.NEO
EMAX.TO
Hamilton Energy YIELD MAXIMIZER ETFEnergy Equities, Derivative Income
63
27.91%
494.30MFeb 2024CBNK.TO vs EMAX.TO

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