CCCB.TO vs. ECHI.TO

Last updated Jun 5, 2026

CCCB.TO (CIBC Canadian Banks Covered Call ETF) and ECHI.TO (Ninepoint Enhanced Canadian HighShares ETF) are both Derivative Income funds. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. CCCB.TO charges 0.39%/yr vs 0.29%/yr for ECHI.TO.

Performance

CCCB.TO vs. ECHI.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 Ninepoint Enhanced Canadian HighShares ETF (ECHI.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 lower than ECHI.TO's 17.85% return.

CCCB.TO

• 1D: 1.24%
• 1M: 4.27%
• YTD: 15.74%
• 6M: 20.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECHI.TO

• 1D: 0.92%
• 1M: 6.64%
• YTD: 17.85%
• 6M: 18.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
CCCB.TO CIBC Canadian Banks Covered Call ETF	15.74%	21.01%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	17.85%	20.44%

Correlation

The correlation between CCCB.TO and ECHI.TO is 0.21, 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 Aug 26, 2025	0.21

Return for Risk

CCCB.TO vs. ECHI.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 Ninepoint Enhanced Canadian HighShares ETF (ECHI.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	ECHI.TO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	4.21	3.22	+0.99

Drawdowns

CCCB.TO vs. ECHI.TO - Drawdown Comparison

The maximum CCCB.TO drawdown since its inception was -7.92%, which is greater than ECHI.TO's maximum drawdown of -6.84%. Use the drawdown chart below to compare losses from any high point for CCCB.TO and ECHI.TO.

Drawdown Indicators

	CCCB.TO	ECHI.TO	Difference
Max Drawdown Largest peak-to-trough decline	-7.92%	-6.84%	-1.08%
Current Drawdown Current decline from peak	-1.35%	-0.04%	-1.31%
Average Drawdown Average peak-to-trough decline	-1.04%	-1.25%	+0.21%

Volatility

Volatility by Period

	CCCB.TO	ECHI.TO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.06%	17.46%	-4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	17.46%	-4.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	17.46%	-4.40%

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

CCCB.TO has a 0.39% expense ratio, which is higher than ECHI.TO's 0.29% expense ratio.

Dividends

CCCB.TO vs. ECHI.TO - Dividend Comparison

CCCB.TO's dividend yield for the trailing twelve months is around 3.97%, less than ECHI.TO's 10.80% yield.

Position	TTM	2025
CCCB.TO CIBC Canadian Banks Covered Call ETF	3.97%	1.93%
ECHI.TO Ninepoint Enhanced Canadian HighShares ETF	10.80%	5.27%

Frequently Asked Questions

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

CCCB.TO and ECHI.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, ECHI.TO is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

ECHI.TO is cheaper with a 0.29% expense ratio, compared with 0.39% for CCCB.TO.

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

They also come from different issuers: CIBC and Ninepoint. Their fees differ too: 0.39% for CCCB.TO and 0.29% for ECHI.TO.