CCCB.TO vs. CAEM.TO

Last updated Jun 4, 2026

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

Performance

CCCB.TO vs. CAEM.TO - Performance Comparison

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

Returns By Period

CCCB.TO

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

CAEM.TO

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

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

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

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

Correlation

The correlation between CCCB.TO and CAEM.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

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

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

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

Drawdowns

CCCB.TO vs. CAEM.TO - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

Dividends

CCCB.TO vs. CAEM.TO - Dividend Comparison

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

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 CCCB.TO and CAEM.TO in my portfolio?

CCCB.TO and CAEM.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 CCCB.TO and CAEM.TO?

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