CCAD.TO vs. CCCB.TO

Last updated Jun 4, 2026

CCAD.TO (CIBC Premium Cash Management ETF) and CCCB.TO (CIBC Canadian Banks Covered Call ETF) are both exchange-traded funds - CCAD.TO is a Money Market fund actively managed by CIBC, while CCCB.TO is a Derivative Income fund actively managed by CIBC. Both are actively managed. At a 0.00 correlation, their price movements are largely independent. CCAD.TO charges 0.14%/yr vs 0.39%/yr for CCCB.TO.

Performance

CCAD.TO vs. CCCB.TO - Performance Comparison

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

Returns By Period

In the year-to-date period, CCAD.TO achieves a 0.98% return, which is significantly lower than CCCB.TO's 15.74% return.

CCAD.TO

• 1D: 0.02%
• 1M: 0.20%
• YTD: 0.98%
• 6M: 1.20%
• 1Y: 2.58%
• 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)

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

	2026 (YTD)	2025
CCAD.TO CIBC Premium Cash Management ETF	0.98%	0.98%
CCCB.TO CIBC Canadian Banks Covered Call ETF	15.74%	21.01%

Correlation

The correlation between CCAD.TO and CCCB.TO is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025	0.00

Return for Risk

CCAD.TO vs. CCCB.TO — Risk / Return Rank

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

CCAD.TO

CCAD.TO Risk / Return Rank: 99
CCAD.TO Sharpe Ratio Rank: 99
CCAD.TO Sortino Ratio Rank: 99
CCAD.TO Omega Ratio Rank: 99
CCAD.TO Calmar Ratio Rank: 99
CCAD.TO Martin Ratio Rank: 99

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.

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

This table presents a comparison of risk-adjusted performance metrics for CIBC Premium Cash Management ETF (CCAD.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.

	CCAD.TO	CCCB.TO	Difference
Sharpe ratio: Return per unit of total volatility	7.29	—	—
Sortino ratio: Return per unit of downside risk	15.09	—	—
Omega ratio: Gain probability vs. loss probability	3.66	—	—
Calmar ratio: Return relative to maximum drawdown	32.50	—	—
Martin ratio: Return relative to average drawdown	171.24	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CCAD.TO	CCCB.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	7.34	4.21	+3.13

Drawdowns

CCAD.TO vs. CCCB.TO - Drawdown Comparison

The maximum CCAD.TO drawdown since its inception was -0.08%, smaller than the maximum CCCB.TO drawdown of -7.92%. Use the drawdown chart below to compare losses from any high point for CCAD.TO and CCCB.TO.

Drawdown Indicators

	CCAD.TO	CCCB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.08%	-7.92%	+7.84%
Max Drawdown (1Y) Largest decline over 1 year	-0.08%	—	—
Current Drawdown Current decline from peak	0.00%	-1.35%	+1.35%
Average Drawdown Average peak-to-trough decline	-0.01%	-1.04%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	—	—

Volatility

Volatility by Period

	CCAD.TO	CCCB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.36%	13.06%	-12.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.35%	13.06%	-12.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.35%	13.06%	-12.71%

CCAD.TO vs. CCCB.TO - Expense Ratio Comparison

CCAD.TO has a 0.14% expense ratio, which is lower than CCCB.TO's 0.39% expense ratio.

Dividends

CCAD.TO vs. CCCB.TO - Dividend Comparison

CCAD.TO's dividend yield for the trailing twelve months is around 2.63%, less than CCCB.TO's 3.97% yield.

Position	TTM	2025
CCAD.TO CIBC Premium Cash Management ETF	2.63%	1.62%
CCCB.TO CIBC Canadian Banks Covered Call ETF	3.97%	1.93%

Frequently Asked Questions

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

CCAD.TO and CCCB.TO have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCAD.TO or CCCB.TO?

On fees, CCAD.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCAD.TO or CCCB.TO?

CCAD.TO is cheaper with a 0.14% expense ratio, compared with 0.39% for CCCB.TO.

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

CCAD.TO is categorized as Money Market, while CCCB.TO is Derivative Income. Their fees differ too: 0.14% for CCAD.TO and 0.39% for CCCB.TO.