FHI.TO vs. CBNK.TO
FHI.TO (CI Health Care Giants Covered Call ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, FHI.TO returned 5.07%/yr vs 43.24%/yr for CBNK.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
FHI.TO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FHI.TO achieves a 1.35% return, which is significantly lower than CBNK.TO's 42.99% return.
FHI.TO
- 1D
- -0.93%
- 1M
- 4.19%
- YTD
- 1.35%
- 6M
- 1.26%
- 1Y
- 11.83%
- 3Y*
- 5.07%
- 5Y*
- 5.58%
- 10Y*
- —
CBNK.TO
- 1D
- 0.55%
- 1M
- 15.66%
- YTD
- 42.99%
- 6M
- 42.25%
- 1Y
- 96.19%
- 3Y*
- 43.24%
- 5Y*
- —
- 10Y*
- —
FHI.TO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FHI.TO CI Health Care Giants Covered Call ETF | 1.35% | 11.94% | -0.77% | 0.77% | 6.50% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 42.99% | 51.67% | 27.42% | 8.42% | -19.87% |
Correlation
The correlation between FHI.TO and CBNK.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2022 | 0.31 |
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Return for Risk
FHI.TO vs. CBNK.TO — Risk / Return Rank
FHI.TO
CBNK.TO
FHI.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Health Care Giants Covered Call ETF (FHI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FHI.TO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.27 | ||
| Sortino ratioReturn per unit of downside risk | -6.44 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 2.02 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 9.64 | -8.30 |
| Martin ratioReturn relative to average drawdown | 3.06 | 41.70 | -38.64 |
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Drawdowns
FHI.TO vs. CBNK.TO - Drawdown Comparison
The maximum FHI.TO drawdown since its inception was -29.85%, smaller than the maximum CBNK.TO drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for FHI.TO and CBNK.TO.
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Drawdown Indicators
| FHI.TO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.85% | -32.12% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -10.03% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.43% | -17.92% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -14.43% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | 0.00% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -4.46% | -10.73% | +6.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 2.31% | +1.56% |
Volatility
FHI.TO vs. CBNK.TO - Volatility Comparison
CI Health Care Giants Covered Call ETF (FHI.TO) has a higher volatility of 4.59% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 3.31%. This indicates that FHI.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
| FHI.TO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 3.31% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 13.46% | -4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 15.73% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 17.50% | -3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 17.50% | -0.98% |
Dividends
FHI.TO vs. CBNK.TO - Dividend Comparison
FHI.TO's dividend yield for the trailing twelve months is around 7.02%, more than CBNK.TO's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 4.87% | 5.86% | 8.25% | 9.59% | 7.85% | 0.00% | 0.00% | 0.00% | 0.00% |
FHI.TO CI Health Care Giants Covered Call ETF | 7.02% | 7.14% | 7.84% | 5.80% | 5.98% | 7.38% | 9.69% | 5.42% | 2.42% |
Frequently Asked Questions
FHI.TO and CBNK.TO have a correlation of 0.28, 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: CI and Mulvihill.
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