CCCB.TO vs. CRCY.TO

Last updated Jun 4, 2026

CCCB.TO (CIBC Canadian Banks Covered Call ETF) and CRCY.TO (Harvest Circle Enhanced High Income Shares ETF Class A Units) are both Derivative Income funds. Both are actively managed. At a correlation of -0.06, they often move in opposite directions.

Performance

CCCB.TO vs. CRCY.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 Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCCB.TO achieves a 15.74% return, which is significantly higher than CRCY.TO's 3.77% return.

CCCB.TO

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

CRCY.TO

• 1D: -11.55%
• 1M: -21.98%
• YTD: 3.77%
• 6M: -5.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CCCB.TO CIBC Canadian Banks Covered Call ETF	15.74%	12.40%
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	3.77%	-45.43%

Correlation

The correlation between CCCB.TO and CRCY.TO is -0.06, 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 Oct 2, 2025	-0.06

Return for Risk

CCCB.TO vs. CRCY.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 Harvest Circle Enhanced High Income Shares ETF Class A Units (CRCY.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	CRCY.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.21	-0.52	+4.73

Drawdowns

CCCB.TO vs. CRCY.TO - Drawdown Comparison

The maximum CCCB.TO drawdown since its inception was -7.92%, smaller than the maximum CRCY.TO drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for CCCB.TO and CRCY.TO.

Drawdown Indicators

	CCCB.TO	CRCY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-7.92%	-73.84%	+65.92%
Current Drawdown Current decline from peak	-1.35%	-53.07%	+51.72%
Average Drawdown Average peak-to-trough decline	-1.04%	-45.97%	+44.93%

Volatility

Volatility by Period

	CCCB.TO	CRCY.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	110.39%	-97.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	110.39%	-97.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	110.39%	-97.33%

Dividends

CCCB.TO vs. CRCY.TO - Dividend Comparison

CCCB.TO's dividend yield for the trailing twelve months is around 3.97%, less than CRCY.TO's 44.81% yield.

Position	TTM	2025
CCCB.TO CIBC Canadian Banks Covered Call ETF	3.97%	1.93%
CRCY.TO Harvest Circle Enhanced High Income Shares ETF Class A Units	44.81%	17.09%

Frequently Asked Questions

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

CCCB.TO and CRCY.TO have a correlation of -0.06, 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 CRCY.TO?

They also come from different issuers: CIBC and Harvest.