CBNK vs. ZWB.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Capital Bancorp, Inc. (CBNK) and BMO Covered Call Canadian Banks ETF (ZWB.TO).

ZWB.TO is an actively managed fund by BMO. It was launched on Jan 9, 2024.

Performance

CBNK vs. ZWB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Capital Bancorp, Inc. (CBNK) and BMO Covered Call Canadian Banks ETF (ZWB.TO). The values are adjusted to include any dividend payments, if applicable.

CBNK vs. ZWB.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CBNK Capital Bancorp, Inc.	5.96%	0.27%	19.66%	4.31%	-9.31%	88.84%	-6.45%	30.50%	-10.86%
ZWB.TO BMO Covered Call Canadian Banks ETF	0.15%	41.38%	9.98%	9.10%	-16.96%	31.78%	3.72%	20.03%	-16.60%

Different Trading Currencies

CBNK is traded in USD, while ZWB.TO is traded in CAD. To make them comparable, the ZWB.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CBNK achieves a 5.96% return, which is significantly higher than ZWB.TO's 0.15% return.

CBNK

• 1D: 0.57%
• 1M: 1.12%
• YTD: 5.96%
• 6M: -6.03%
• 1Y: 6.55%
• 3Y*: 23.22%
• 5Y*: 10.53%
• 10Y*: —

ZWB.TO

• 1D: 2.66%
• 1M: -5.32%
• YTD: 0.15%
• 6M: 13.45%
• 1Y: 47.26%
• 3Y*: 18.78%
• 5Y*: 10.27%
• 10Y*: 10.48%

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

Return for Risk

CBNK vs. ZWB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBNK

CBNK Risk / Return Rank: 47
CBNK Sharpe Ratio Rank: 51
CBNK Sortino Ratio Rank: 43
CBNK Omega Ratio Rank: 43
CBNK Calmar Ratio Rank: 49
CBNK Martin Ratio Rank: 48

ZWB.TO

ZWB.TO Risk / Return Rank: 98
ZWB.TO Sharpe Ratio Rank: 98
ZWB.TO Sortino Ratio Rank: 98
ZWB.TO Omega Ratio Rank: 98
ZWB.TO Calmar Ratio Rank: 98
ZWB.TO Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBNK vs. ZWB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Capital Bancorp, Inc. (CBNK) and BMO Covered Call Canadian Banks ETF (ZWB.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.

	CBNK	ZWB.TO	Difference
Sharpe ratio Return per unit of total volatility	0.24	3.35	-3.11
Sortino ratio Return per unit of downside risk	0.53	4.44	-3.91
Omega ratio Gain probability vs. loss probability	1.07	1.66	-0.60
Calmar ratio Return relative to maximum drawdown	0.30	5.23	-4.93
Martin ratio Return relative to average drawdown	0.57	23.35	-22.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBNK vs. ZWB.TO - Sharpe Ratio Comparison

The current CBNK Sharpe Ratio is 0.24, which is lower than the ZWB.TO Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of CBNK and ZWB.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CBNK	ZWB.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	3.35	-3.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.64	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.41	-0.13

Correlation

The correlation between CBNK and ZWB.TO is 0.40, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CBNK vs. ZWB.TO - Dividend Comparison

CBNK's dividend yield for the trailing twelve months is around 1.55%, less than ZWB.TO's 5.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBNK Capital Bancorp, Inc.	1.55%	1.56%	1.26%	1.16%	0.93%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZWB.TO BMO Covered Call Canadian Banks ETF	5.49%	5.38%	6.66%	7.62%	7.30%	5.46%	5.80%	5.53%	5.59%	4.80%	5.04%	5.64%

Drawdowns

CBNK vs. ZWB.TO - Drawdown Comparison

The maximum CBNK drawdown since its inception was -53.68%, which is greater than ZWB.TO's maximum drawdown of -44.99%. Use the drawdown chart below to compare losses from any high point for CBNK and ZWB.TO.

Drawdown Indicators

	CBNK	ZWB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-53.68%	-39.36%	-14.32%
Max Drawdown (1Y) Largest decline over 1 year	-24.81%	-8.10%	-16.71%
Max Drawdown (5Y) Largest decline over 5 years	-43.34%	-25.26%	-18.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.36%	—
Current Drawdown Current decline from peak	-15.66%	-5.09%	-10.57%
Average Drawdown Average peak-to-trough decline	-15.24%	-5.61%	-9.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.05%	2.00%	+11.05%

Volatility

CBNK vs. ZWB.TO - Volatility Comparison

Capital Bancorp, Inc. (CBNK) and BMO Covered Call Canadian Banks ETF (ZWB.TO) have volatilities of 6.23% and 6.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBNK	ZWB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.23%	6.15%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	17.60%	10.24%	+7.36%
Volatility (1Y) Calculated over the trailing 1-year period	27.43%	14.17%	+13.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.60%	16.11%	+12.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.20%	19.10%	+28.10%