CBNK.TO vs. PINC.TO
CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) and PINC.TO (Purpose Multi-Asset Income Fund) are both Derivative Income funds. Both are actively managed. Over the past 3 years, CBNK.TO returned 41.85%/yr vs 14.78%/yr for PINC.TO. Their 0.43 correlation means their historical movements had little consistent relationship. CBNK.TO charges 1.68%/yr vs 1.04%/yr for PINC.TO.
Performance
CBNK.TO vs. PINC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBNK.TO achieves a 44.23% return, which is significantly higher than PINC.TO's 17.29% return.
CBNK.TO
- 1D
- 0.18%
- 1M
- -1.20%
- 6M
- 43.64%
- YTD
- 44.23%
- 1Y
- 92.97%
- 3Y*
- 41.85%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.19%
PINC.TO
- 1D
- -0.26%
- 1M
- 1.34%
- 6M
- 15.30%
- YTD
- 17.29%
- 1Y
- 24.86%
- 3Y*
- 14.78%
- 5Y*
- 6.76%
- 10Y*
- —
- ALL TIME*
- 6.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$228.74K | CA$269.05K | CA$220.65K | |
| CA$17.08K | CA$13.56K | CA$13.69K |
CBNK.TO vs. PINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 44.23% | 51.67% | 27.42% | 8.42% | -19.87% |
PINC.TO Purpose Multi-Asset Income Fund | 17.29% | 14.41% | 11.54% | 0.95% | -12.03% |
Correlation
The correlation between CBNK.TO and PINC.TO is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2022 | 0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBNK.TO vs. PINC.TO — Risk / Return Rank
CBNK.TO
PINC.TO
CBNK.TO vs. PINC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) and Purpose Multi-Asset Income Fund (PINC.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBNK.TO | PINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.78 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 9.21 | 6.71 | +2.50 |
| Martin ratioReturn relative to average drawdown | 37.69 | 26.05 | +11.63 |
Loading charts...
Drawdowns
CBNK.TO vs. PINC.TO - Drawdown Comparison
The maximum CBNK.TO drawdown since its inception was -32.12%, smaller than the maximum PINC.TO drawdown of -43.84%. Use the drawdown chart below to compare losses from any high point for CBNK.TO and PINC.TO.
Loading charts...
Drawdown Indicators
| CBNK.TO | PINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.12% | -43.84% | +11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.03% | -3.59% | -6.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -8.55% | -8.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.04% | — |
Current DrawdownCurrent decline from peak | -3.80% | -0.94% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -10.56% | -5.79% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 0.92% | +1.53% |
Volatility
CBNK.TO vs. PINC.TO - Volatility Comparison
Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) has a higher volatility of 8.18% compared to Purpose Multi-Asset Income Fund (PINC.TO) at 1.64%. This indicates that CBNK.TO's price experiences larger fluctuations and is considered to be riskier than PINC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBNK.TO | PINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.18% | 1.64% | +6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 5.04% | +10.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 6.37% | +11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.77% | 8.38% | +9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 14.69% | +3.08% |
CBNK.TO vs. PINC.TO - Expense Ratio Comparison
CBNK.TO has a 1.68% expense ratio, which is higher than PINC.TO's 1.04% expense ratio.
Dividends
CBNK.TO vs. PINC.TO - Dividend Comparison
CBNK.TO's dividend yield for the trailing twelve months is around 5.82%, more than PINC.TO's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 5.82% | 5.86% | 8.25% | 9.59% | 7.85% | 0.00% | 0.00% | 0.00% | 0.00% |
PINC.TO Purpose Multi-Asset Income Fund | 4.43% | 5.05% | 5.48% | 5.78% | 5.51% | 4.60% | 5.33% | 5.06% | 3.66% |
Frequently Asked Questions
CBNK.TO and PINC.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PINC.TO is cheaper at 1.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PINC.TO is cheaper with a 1.04% expense ratio, compared with 1.68% for CBNK.TO.
They also come from different issuers: Mulvihill and Purpose. Their fees differ too: 1.68% for CBNK.TO and 1.04% for PINC.TO.
Find the right allocation for CBNK.TO and PINC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer