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CCCB.TO vs. CBNK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CCCB.TO vs. CBNK.TO

Last updated Jun 4, 2026

CCCB.TO (CIBC Canadian Banks Covered Call ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

CCCB.TO vs. CBNK.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 Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CCCB.TO achieves a 15.74% return, which is significantly lower than CBNK.TO's 25.56% return.

CCCB.TO

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

CBNK.TO

1D
0.42%
1M
7.74%
YTD
25.56%
6M
32.17%
1Y
79.20%
3Y*
38.97%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025
CCCB.TO
CIBC Canadian Banks Covered Call ETF		15.74%21.01%
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF		25.56%27.77%

Correlation

The correlation between CCCB.TO and CBNK.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.57

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CIBC Canadian Banks Covered Call ETF

Mulvihill Canadian Bank Enhanced Yield ETF

Often compared with CCCB.TO:
CCCB.TO vs. CAEM.TOCCCB.TO vs. CNQE.TOCCCB.TO vs. YAVG.NEOCCCB.TO vs. HBIL.TOCCCB.TO vs. BANK.TOCCCB.TO vs. CRCY.TOCCCB.TO vs. BKCC.TO
Often compared with CBNK.TO:
CBNK.TO vs. BANK.TOCBNK.TO vs. BKCL.TOCBNK.TO vs. NXF.TOCBNK.TO vs. CANY.TOCBNK.TO vs. ECHI.TOCBNK.TO vs. YGOG.NEOCBNK.TO vs. VDY.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CCCB.TO
CBNK.TO
CBNK.TO Risk / Return Rank: 9696
Overall Rank
CBNK.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CBNK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
CBNK.TO Omega Ratio Rank: 9797
Omega Ratio Rank
CBNK.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
CBNK.TO Martin Ratio Rank: 9696
Martin Ratio Rank
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.

CCCB.TO vs. CBNK.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 Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.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.

CCCB.TO vs. CBNK.TO - Sharpe Ratio Comparison

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Sharpe Ratios by Period

CCCB.TOCBNK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

5.12

—

Sharpe Ratio (All Time)

Calculated using the full available price history

4.21

1.10

+3.12

Drawdowns

CCCB.TO vs. CBNK.TO - Drawdown Comparison

The maximum CCCB.TO drawdown since its inception was -7.92%, smaller than the maximum CBNK.TO drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for CCCB.TO and CBNK.TO.

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Drawdown Indicators

CCCB.TOCBNK.TODifference

Max Drawdown

Largest peak-to-trough decline

-7.92%

-32.12%

+24.20%

Max Drawdown (1Y)

Largest decline over 1 year

—

-10.03%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-17.92%

—

Current Drawdown

Current decline from peak

-1.35%

-2.29%

+0.94%

Average Drawdown

Average peak-to-trough decline

-1.04%

-10.92%

+9.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.32%

—

Volatility

CCCB.TO vs. CBNK.TO - Volatility Comparison

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Volatility by Period

CCCB.TOCBNK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.67%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

13.29%

—

Volatility (1Y)

Calculated over the trailing 1-year period

13.06%

15.55%

-2.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.06%

17.55%

-4.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.06%

17.55%

-4.49%

Dividends

CCCB.TO vs. CBNK.TO - Dividend Comparison

CCCB.TO's dividend yield for the trailing twelve months is around 3.97%, less than CBNK.TO's 5.94% yield.

PositionTTM2025202420232022
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF		5.94%5.86%8.25%9.59%7.85%
CCCB.TO
CIBC Canadian Banks Covered Call ETF		3.97%1.93%0.00%0.00%0.00%

Frequently Asked Questions

CCCB.TO and CBNK.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: CIBC and Mulvihill.

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