EQCC.TO vs. CBNK.TO
EQCC.TO (Global X All-Equity Asset Allocation Covered Call ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, EQCC.TO returned 28.46% vs 79.20% for CBNK.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
EQCC.TO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, EQCC.TO achieves a 12.84% return, which is significantly lower than CBNK.TO's 25.56% return.
EQCC.TO
- 1D
- 2.44%
- 1M
- 7.82%
- YTD
- 12.84%
- 6M
- 12.97%
- 1Y
- 28.46%
- 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*
- —
EQCC.TO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 12.84% | 13.50% | 11.68% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 25.56% | 51.67% | 23.06% |
Correlation
The correlation between EQCC.TO and CBNK.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 31, 2024 | 0.25 |
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Return for Risk
EQCC.TO vs. CBNK.TO — Risk / Return Rank
EQCC.TO
CBNK.TO
EQCC.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X All-Equity Asset Allocation Covered Call ETF (EQCC.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.
| EQCC.TO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.87 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 7.94 | -3.98 |
| Martin ratioReturn relative to average drawdown | 15.65 | 34.25 | -18.61 |
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
| EQCC.TO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.51 | 5.12 | -2.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.41 | 1.10 | +0.31 |
Drawdowns
EQCC.TO vs. CBNK.TO - Drawdown Comparison
The maximum EQCC.TO drawdown since its inception was -15.94%, smaller than the maximum CBNK.TO drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for EQCC.TO and CBNK.TO.
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Drawdown Indicators
| EQCC.TO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.94% | -32.12% | +16.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -10.03% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.29% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -1.73% | -10.92% | +9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 2.32% | -0.47% |
Volatility
EQCC.TO vs. CBNK.TO - Volatility Comparison
Global X All-Equity Asset Allocation Covered Call ETF (EQCC.TO) has a higher volatility of 6.07% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 5.67%. This indicates that EQCC.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
| EQCC.TO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.67% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 13.29% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 15.55% | -3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 17.55% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 17.55% | -3.61% |
Dividends
EQCC.TO vs. CBNK.TO - Dividend Comparison
EQCC.TO's dividend yield for the trailing twelve months is around 8.68%, more than CBNK.TO's 5.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 5.94% | 5.86% | 8.25% | 9.59% | 7.85% |
EQCC.TO Global X All-Equity Asset Allocation Covered Call ETF | 8.68% | 9.43% | 5.38% | 0.00% | 0.00% |
Frequently Asked Questions
EQCC.TO and CBNK.TO have a correlation of 0.33, 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: Global X and Mulvihill.
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