CNYE.TO vs. CBNK.TO
CNYE.TO (Harvest Coinbase Enhanced High Income Shares ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, CNYE.TO returned -44.08% vs 83.05% for CBNK.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
CNYE.TO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CNYE.TO achieves a -30.06% return, which is significantly lower than CBNK.TO's 28.26% return.
CNYE.TO
- 1D
- 0.45%
- 1M
- -16.55%
- YTD
- -30.06%
- 6M
- -43.59%
- 1Y
- -44.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 2.15%
- 1M
- 9.57%
- YTD
- 28.26%
- 6M
- 32.45%
- 1Y
- 83.05%
- 3Y*
- 38.97%
- 5Y*
- —
- 10Y*
- —
CNYE.TO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | -30.06% | -14.53% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 28.26% | 58.04% |
Correlation
The correlation between CNYE.TO and CBNK.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.35 |
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Return for Risk
CNYE.TO vs. CBNK.TO — Risk / Return Rank
CNYE.TO
CBNK.TO
CNYE.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Coinbase Enhanced High Income Shares ETF (CNYE.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.
| CNYE.TO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.90 | ||
| Sortino ratioReturn per unit of downside risk | -7.54 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.90 | -0.96 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 8.32 | -8.94 |
| Martin ratioReturn relative to average drawdown | -1.01 | 35.92 | -36.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNYE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | 5.33 | -5.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 1.13 | -1.54 |
Drawdowns
CNYE.TO vs. CBNK.TO - Drawdown Comparison
The maximum CNYE.TO drawdown since its inception was -72.18%, which is greater than CBNK.TO's maximum drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for CNYE.TO and CBNK.TO.
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Drawdown Indicators
| CNYE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.18% | -32.12% | -40.06% |
Max Drawdown (1Y)Largest decline over 1 year | -72.18% | -10.03% | -62.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.92% | — |
Current DrawdownCurrent decline from peak | -65.57% | -0.19% | -65.38% |
Average DrawdownAverage peak-to-trough decline | -33.73% | -10.91% | -22.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.83% | 2.32% | +41.51% |
Volatility
CNYE.TO vs. CBNK.TO - Volatility Comparison
Harvest Coinbase Enhanced High Income Shares ETF (CNYE.TO) has a higher volatility of 22.11% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 5.95%. This indicates that CNYE.TO's price experiences larger fluctuations and is considered to be riskier than CBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.11% | 5.95% | +16.16% |
Volatility (6M)Calculated over the trailing 6-month period | 57.81% | 13.37% | +44.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.13% | 15.66% | +61.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.50% | 17.57% | +64.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.50% | 17.57% | +64.93% |
Dividends
CNYE.TO vs. CBNK.TO - Dividend Comparison
CNYE.TO's dividend yield for the trailing twelve months is around 89.78%, more than CBNK.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 5.82% | 5.86% | 8.25% | 9.59% | 7.85% |
CNYE.TO Harvest Coinbase Enhanced High Income Shares ETF | 89.78% | 48.74% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CNYE.TO and CBNK.TO have a correlation of 0.29, 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: Harvest and Mulvihill.
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