BIGY vs. CBNK.TO
BIGY ( YieldMax Target 12™ Big 50 Option Income ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, BIGY returned 25.59% vs 76.91% for CBNK.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
BIGY vs. CBNK.TO - Performance Comparison
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Different Trading Currencies
BIGY is traded in USD, while CBNK.TO is traded in CAD. To make them comparable, the CBNK.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BIGY achieves a 6.66% return, which is significantly lower than CBNK.TO's 24.00% return.
BIGY
- 1D
- -0.54%
- 1M
- 4.24%
- YTD
- 6.66%
- 6M
- 6.71%
- 1Y
- 25.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 0.02%
- 1M
- 5.59%
- YTD
- 24.00%
- 6M
- 32.69%
- 1Y
- 76.91%
- 3Y*
- 37.39%
- 5Y*
- —
- 10Y*
- —
BIGY vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BIGY YieldMax Target 12™ Big 50 Option Income ETF | 6.66% | 19.14% | 0.22% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 24.00% | 58.94% | -3.37% |
Correlation
The correlation between BIGY and CBNK.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2024 | 0.47 |
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Return for Risk
BIGY vs. CBNK.TO — Risk / Return Rank
BIGY
CBNK.TO
BIGY vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Target 12™ Big 50 Option Income ETF (BIGY) 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.
| BIGY | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.77 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 7.06 | -3.98 |
| Martin ratioReturn relative to average drawdown | 12.09 | 30.68 | -18.59 |
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
| BIGY | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 4.65 | -2.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.81 | +0.22 |
Drawdowns
BIGY vs. CBNK.TO - Drawdown Comparison
The maximum BIGY drawdown since its inception was -18.93%, smaller than the maximum CBNK.TO drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for BIGY and CBNK.TO.
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Drawdown Indicators
| BIGY | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.93% | -38.51% | +19.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -10.94% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.07% | — |
Current DrawdownCurrent decline from peak | -0.54% | -2.92% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -14.36% | +11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.51% | -0.39% |
Volatility
BIGY vs. CBNK.TO - Volatility Comparison
The current volatility for YieldMax Target 12™ Big 50 Option Income ETF (BIGY) is 2.38%, while Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) has a volatility of 5.64%. This indicates that BIGY experiences smaller price fluctuations and is considered to be less risky 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
| BIGY | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.38% | 5.64% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 14.21% | -6.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.67% | 16.62% | -5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 20.39% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 20.39% | -3.61% |
Dividends
BIGY vs. CBNK.TO - Dividend Comparison
BIGY's dividend yield for the trailing twelve months is around 12.60%, more than CBNK.TO's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BIGY YieldMax Target 12™ Big 50 Option Income ETF | 12.60% | 12.49% | 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
BIGY and CBNK.TO have a correlation of 0.45, 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: YieldMax and Mulvihill.
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