AVGY.TO vs. CBNK.TO
AVGY.TO (Harvest Broadcom Enhanced High Income Shares ETF - Class A Units) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, AVGY.TO returned 107.90% vs 79.20% for CBNK.TO. At a 0.28 correlation, their price movements are largely independent.
Performance
AVGY.TO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, AVGY.TO achieves a 42.92% return, which is significantly higher than CBNK.TO's 25.56% return.
AVGY.TO
- 1D
- -0.45%
- 1M
- 19.17%
- YTD
- 42.92%
- 6M
- 27.21%
- 1Y
- 107.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 0.42%
- 1M
- 7.74%
- YTD
- 25.56%
- 6M
- 32.17%
- 1Y
- 79.20%
- 3Y*
- 38.97%
- 5Y*
- —
- 10Y*
- —
AVGY.TO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 42.92% | 83.42% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 25.56% | 58.04% |
Correlation
The correlation between AVGY.TO and CBNK.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.28 |
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Return for Risk
AVGY.TO vs. CBNK.TO — Risk / Return Rank
AVGY.TO
CBNK.TO
AVGY.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) and Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVGY.TO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.83 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.87 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.81 | 7.94 | -4.13 |
| Martin ratioReturn relative to average drawdown | 8.81 | 34.25 | -25.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVGY.TO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 5.12 | -2.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.30 | 1.10 | +1.20 |
Drawdowns
AVGY.TO vs. CBNK.TO - Drawdown Comparison
The maximum AVGY.TO drawdown since its inception was -28.78%, smaller than the maximum CBNK.TO drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for AVGY.TO and CBNK.TO.
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Drawdown Indicators
| AVGY.TO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -32.12% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -28.50% | -10.03% | -18.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.92% | — |
Current DrawdownCurrent decline from peak | -0.45% | -2.29% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -10.92% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.29% | 2.32% | +9.97% |
Volatility
AVGY.TO vs. CBNK.TO - Volatility Comparison
Harvest Broadcom Enhanced High Income Shares ETF - Class A Units (AVGY.TO) has a higher volatility of 13.20% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 5.67%. This indicates that AVGY.TO's price experiences larger fluctuations and is considered to be riskier than CBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGY.TO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.20% | 5.67% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 13.29% | +19.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.46% | 15.55% | +29.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.13% | 17.55% | +33.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.13% | 17.55% | +33.58% |
Dividends
AVGY.TO vs. CBNK.TO - Dividend Comparison
AVGY.TO's dividend yield for the trailing twelve months is around 19.08%, more than CBNK.TO's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AVGY.TO Harvest Broadcom Enhanced High Income Shares ETF - Class A Units | 19.08% | 14.82% | 0.00% | 0.00% | 0.00% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 5.94% | 5.86% | 8.25% | 9.59% | 7.85% |
Frequently Asked Questions
AVGY.TO and CBNK.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Harvest and Mulvihill.
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