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

EBNK.TO vs. CBNK.TO

Last updated Jun 4, 2026

EBNK.TO (Evolve European Banks Enhanced Yield ETF Hedged CAD) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both exchange-traded funds - EBNK.TO is a Financials Equities fund actively managed by Evolve, while CBNK.TO is a Derivative Income fund actively managed by Mulvihill. Both are actively managed. Over the past 3 years, EBNK.TO returned 34.22%/yr vs 38.97%/yr for CBNK.TO. At a 0.36 correlation, their price movements are largely independent.

Performance

EBNK.TO vs. CBNK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.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, EBNK.TO achieves a 5.02% return, which is significantly lower than CBNK.TO's 25.56% return.

EBNK.TO

1D
-1.56%
1M
6.02%
YTD
5.02%
6M
9.74%
1Y
29.21%
3Y*
34.22%
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)

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

2026 (YTD)2025202420232022
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CAD		5.02%60.13%28.78%20.83%12.36%
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF		25.56%51.67%27.42%8.42%-19.87%

Correlation

The correlation between EBNK.TO and CBNK.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2022

0.36

The correlation between EBNK.TO and CBNK.TO shifts across timeframes, from 0.35 (3 years) to 0.48 (1 year), reflecting how their relationship changes across market environments.

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Evolve European Banks Enhanced Yield ETF Hedged CAD

Mulvihill Canadian Bank Enhanced Yield ETF

Often compared with EBNK.TO:
EBNK.TO vs. FCIM.NEOEBNK.TO vs. HBNK.TOEBNK.TO vs. CLML.TOEBNK.TO vs. TTP.TOEBNK.TO vs. VIDY.TOEBNK.TO vs. ZWE.TOEBNK.TO vs. VCN.TO
Often compared with CBNK.TO:
CBNK.TO vs. BANK.TOCBNK.TO vs. BKCL.TOCBNK.TO vs. YGOG.NEOCBNK.TO vs. CANY.TOCBNK.TO vs. NXF.TOCBNK.TO vs. ECHI.TOCBNK.TO vs. VDY.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EBNK.TO
EBNK.TO Risk / Return Rank: 3838
Overall Rank
EBNK.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
EBNK.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
EBNK.TO Omega Ratio Rank: 3434
Omega Ratio Rank
EBNK.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
EBNK.TO Martin Ratio Rank: 4343
Martin Ratio Rank
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.

EBNK.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.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.

EBNK.TOCBNK.TODifference
Sharpe ratioReturn per unit of total volatility
1.35
5.12

-3.77

Sortino ratioReturn per unit of downside risk
1.93
6.76

-4.83

Omega ratioGain probability vs. loss probability

1.23

1.87

-0.63

Calmar ratioReturn relative to maximum drawdown

1.97

7.94

-5.96

Martin ratioReturn relative to average drawdown

6.97

34.25

-27.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EBNK.TO Sharpe Ratio is 1.35, which is lower than the CBNK.TO Sharpe Ratio of 5.12. The chart below compares the historical Sharpe Ratios of EBNK.TO and CBNK.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EBNK.TOCBNK.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.35

5.12

-3.77

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

1.10

-0.23

Drawdowns

EBNK.TO vs. CBNK.TO - Drawdown Comparison

The maximum EBNK.TO drawdown since its inception was -31.02%, roughly equal to the maximum CBNK.TO drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for EBNK.TO and CBNK.TO.

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Drawdown Indicators

EBNK.TOCBNK.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.02%

-32.12%

+1.10%

Max Drawdown (1Y)

Largest decline over 1 year

-14.87%

-10.03%

-4.84%

Max Drawdown (3Y)

Largest decline over 3 years

-21.16%

-17.92%

-3.24%

Current Drawdown

Current decline from peak

-2.24%

-2.29%

+0.05%

Average Drawdown

Average peak-to-trough decline

-7.43%

-10.92%

+3.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.20%

2.32%

+1.88%

Volatility

EBNK.TO vs. CBNK.TO - Volatility Comparison

Evolve European Banks Enhanced Yield ETF Hedged CAD (EBNK.TO) has a higher volatility of 6.37% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 5.67%. This indicates that EBNK.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

EBNK.TOCBNK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.37%

5.67%

+0.70%

Volatility (6M)

Calculated over the trailing 6-month period

17.02%

13.29%

+3.73%

Volatility (1Y)

Calculated over the trailing 1-year period

21.66%

15.55%

+6.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.92%

17.55%

+9.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.92%

17.55%

+9.37%

Dividends

EBNK.TO vs. CBNK.TO - Dividend Comparison

EBNK.TO's dividend yield for the trailing twelve months is around 11.02%, more 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%
EBNK.TO
Evolve European Banks Enhanced Yield ETF Hedged CAD		11.02%11.05%12.56%7.32%7.52%

Frequently Asked Questions

EBNK.TO and CBNK.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EBNK.TO is categorized as Financials Equities, while CBNK.TO is Derivative Income. They also come from different issuers: Evolve and Mulvihill.

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