PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FIE.TO vs. CBNK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIE.TO vs. CBNK.TO

Last updated Jun 24, 2026

FIE.TO (iShares Canadian Financial Monthly Income ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both exchange-traded funds - FIE.TO is a Financials Equities fund actively managed by iShares, while CBNK.TO is a Derivative Income fund actively managed by Mulvihill. Both are actively managed. Over the past 3 years, FIE.TO returned 26.44%/yr vs 45.19%/yr for CBNK.TO. A 0.78 correlation means they provide meaningful diversification when combined.

Performance

FIE.TO vs. CBNK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Financial Monthly Income ETF (FIE.TO) and Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FIE.TO achieves a 14.56% return, which is significantly lower than CBNK.TO's 41.95% return.

FIE.TO

1D
0.09%
1M
4.86%
YTD
14.56%
6M
11.23%
1Y
32.60%
3Y*
26.44%
5Y*
13.03%
10Y*
12.31%

CBNK.TO

1D
1.06%
1M
11.75%
YTD
41.95%
6M
41.92%
1Y
100.05%
3Y*
45.19%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
FIE.TO
iShares Canadian Financial Monthly Income ETF		14.56%24.36%27.62%12.58%-14.02%
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF		41.95%51.67%27.42%8.42%-19.87%

Correlation

The correlation between FIE.TO and CBNK.TO is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.77

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

0.79

Correlation (All Time)
Calculated using the full available price history since Mar 2, 2022

0.78

The correlation between FIE.TO and CBNK.TO has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Canadian Financial Monthly Income ETF

Mulvihill Canadian Bank Enhanced Yield ETF

Often compared with FIE.TO:
FIE.TO vs. XEI.TOFIE.TO vs. XEQT.TOFIE.TO vs. XDIV.TOFIE.TO vs. XFN.TOFIE.TO vs. HMAX.TOFIE.TO vs. VDY.TOFIE.TO vs. FTN.TO
Often compared with CBNK.TO:
CBNK.TO vs. BANK.TOCBNK.TO vs. BKCL.TOCBNK.TO vs. YAVG.NEOCBNK.TO vs. YGOG.NEOCBNK.TO vs. NXF.TOCBNK.TO vs. CLSA.TOCBNK.TO vs. CANY.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIE.TO
FIE.TO Risk / Return Rank: 9090
Overall Rank
FIE.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
FIE.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
FIE.TO Omega Ratio Rank: 9595
Omega Ratio Rank
FIE.TO Calmar Ratio Rank: 8686
Calmar Ratio Rank
FIE.TO Martin Ratio Rank: 7979
Martin Ratio Rank
CBNK.TO
CBNK.TO Risk / Return Rank: 9898
Overall Rank
CBNK.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
CBNK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
CBNK.TO Omega Ratio Rank: 9898
Omega Ratio Rank
CBNK.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
CBNK.TO Martin Ratio Rank: 9797
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Financial Monthly Income ETF (FIE.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.

FIE.TOCBNK.TODifference
Sharpe ratioReturn per unit of total volatility
3.64
6.40

-2.77

Sortino ratioReturn per unit of downside risk
4.90
8.11

-3.21

Omega ratioGain probability vs. loss probability

1.71

2.06

-0.35

Calmar ratioReturn relative to maximum drawdown

4.55

10.03

-5.47

Martin ratioReturn relative to average drawdown

14.80

43.39

-28.58

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

The current FIE.TO Sharpe Ratio is 3.64, which is lower than the CBNK.TO Sharpe Ratio of 6.40. The chart below compares the historical Sharpe Ratios of FIE.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.

Loading charts...

Drawdowns

FIE.TO vs. CBNK.TO - Drawdown Comparison

The maximum FIE.TO drawdown since its inception was -42.24%, 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 FIE.TO and CBNK.TO.

Loading charts...

Drawdown Indicators

FIE.TOCBNK.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.24%

-32.12%

-10.12%

Max Drawdown (1Y)

Largest decline over 1 year

-7.19%

-10.03%

+2.84%

Max Drawdown (3Y)

Largest decline over 3 years

-10.70%

-17.92%

+7.22%

Max Drawdown (5Y)

Largest decline over 5 years

-22.93%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-42.24%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.88%

-10.77%

+5.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.21%

2.31%

-0.10%

Volatility

FIE.TO vs. CBNK.TO - Volatility Comparison

The current volatility for iShares Canadian Financial Monthly Income ETF (FIE.TO) is 2.54%, while Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) has a volatility of 4.46%. This indicates that FIE.TO experiences smaller price fluctuations and is considered to be less risky than CBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FIE.TOCBNK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.54%

4.46%

-1.92%

Volatility (6M)

Calculated over the trailing 6-month period

7.83%

13.41%

-5.58%

Volatility (1Y)

Calculated over the trailing 1-year period

9.02%

15.72%

-6.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.55%

17.53%

-6.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.06%

17.53%

-3.47%

Dividends

FIE.TO vs. CBNK.TO - Dividend Comparison

FIE.TO's dividend yield for the trailing twelve months is around 4.34%, less than CBNK.TO's 5.26% yield.

PositionTTM20252024202320222021202020192018201720162015
CBNK.TO
Mulvihill Canadian Bank Enhanced Yield ETF		5.26%5.86%8.25%9.59%7.85%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FIE.TO
iShares Canadian Financial Monthly Income ETF		4.34%4.94%5.83%6.98%7.31%5.92%7.10%6.65%7.38%6.28%6.59%7.43%

Frequently Asked Questions

FIE.TO and CBNK.TO have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

Portfolio Optimizer

Find the right allocation for FIE.TO and CBNK.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer