CAEM.TO vs. CCCB.TO

Last updated Jun 4, 2026

CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) and CCCB.TO (CIBC Canadian Banks Covered Call ETF) are both exchange-traded funds - CAEM.TO is a Emerging Markets Equities fund actively managed by CIBC, while CCCB.TO is a Derivative Income fund actively managed by CIBC. Both are actively managed. At a 0.18 correlation, their price movements are largely independent.

Performance

CAEM.TO vs. CCCB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Avantis CIBC Emerging Markets Equity ETF (CAEM.TO) and CIBC Canadian Banks Covered Call ETF (CCCB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAEM.TO

• 1D: -0.87%
• 1M: 9.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CCCB.TO

• 1D: 1.24%
• 1M: 4.86%
• YTD: 15.74%
• 6M: 21.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAEM.TO vs. CCCB.TO - Yearly Performance Comparison

	2026 (YTD)
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	17.42%
CCCB.TO CIBC Canadian Banks Covered Call ETF	17.49%

Correlation

The correlation between CAEM.TO and CCCB.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.18

Return for Risk

CAEM.TO vs. CCCB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis CIBC Emerging Markets Equity ETF (CAEM.TO) and CIBC Canadian Banks Covered Call ETF (CCCB.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CAEM.TO	CCCB.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	7.86	4.21	+3.64

Drawdowns

CAEM.TO vs. CCCB.TO - Drawdown Comparison

The maximum CAEM.TO drawdown since its inception was -4.26%, smaller than the maximum CCCB.TO drawdown of -7.92%. Use the drawdown chart below to compare losses from any high point for CAEM.TO and CCCB.TO.

Drawdown Indicators

	CAEM.TO	CCCB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-4.26%	-7.92%	+3.66%
Current Drawdown Current decline from peak	-0.87%	-1.35%	+0.48%
Average Drawdown Average peak-to-trough decline	-0.74%	-1.04%	+0.30%

Volatility

Volatility by Period

	CAEM.TO	CCCB.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.42%	13.06%	+6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.42%	13.06%	+6.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.42%	13.06%	+6.36%

Dividends

CAEM.TO vs. CCCB.TO - Dividend Comparison

CAEM.TO has not paid dividends to shareholders, while CCCB.TO's dividend yield for the trailing twelve months is around 3.97%.

Position	TTM	2025
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	0.00%	0.00%
CCCB.TO CIBC Canadian Banks Covered Call ETF	3.97%	1.93%

Frequently Asked Questions

Can I hold both CAEM.TO and CCCB.TO in my portfolio?

CAEM.TO and CCCB.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CAEM.TO and CCCB.TO?

CAEM.TO is categorized as Emerging Markets Equities, while CCCB.TO is Derivative Income.