FSF.TO vs. CBNK.TO
FSF.TO (CI Global Financial Sector ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both exchange-traded funds - FSF.TO is a Financials Equities fund actively managed by CI, while CBNK.TO is a Derivative Income fund actively managed by Mulvihill. Both are actively managed. Over the past 3 years, FSF.TO returned 22.27%/yr vs 43.24%/yr for CBNK.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
FSF.TO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FSF.TO achieves a 2.28% return, which is significantly lower than CBNK.TO's 42.99% return.
FSF.TO
- 1D
- 0.00%
- 1M
- 5.48%
- YTD
- 2.28%
- 6M
- 2.00%
- 1Y
- 13.30%
- 3Y*
- 22.27%
- 5Y*
- 11.37%
- 10Y*
- 21.70%
CBNK.TO
- 1D
- 0.55%
- 1M
- 15.66%
- YTD
- 42.99%
- 6M
- 42.25%
- 1Y
- 96.19%
- 3Y*
- 43.24%
- 5Y*
- —
- 10Y*
- —
FSF.TO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FSF.TO CI Global Financial Sector ETF | 2.28% | 20.68% | 33.83% | 10.49% | -7.07% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 42.99% | 51.67% | 27.42% | 8.42% | -19.87% |
Correlation
The correlation between FSF.TO and CBNK.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2022 | 0.33 |
The correlation between FSF.TO and CBNK.TO shifts across timeframes, from 0.23 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSF.TO vs. CBNK.TO — Risk / Return Rank
FSF.TO
CBNK.TO
FSF.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Financial Sector ETF (FSF.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.
| FSF.TO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.29 | ||
| Sortino ratioReturn per unit of downside risk | -6.56 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 2.02 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 9.64 | -8.76 |
| Martin ratioReturn relative to average drawdown | 2.61 | 41.70 | -39.09 |
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Drawdowns
FSF.TO vs. CBNK.TO - Drawdown Comparison
The maximum FSF.TO drawdown since its inception was -73.78%, 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 FSF.TO and CBNK.TO.
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Drawdown Indicators
| FSF.TO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -32.12% | -41.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -10.03% | -5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -17.92% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.78% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | 0.00% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -16.28% | -10.73% | -5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 2.31% | +2.81% |
Volatility
FSF.TO vs. CBNK.TO - Volatility Comparison
CI Global Financial Sector ETF (FSF.TO) has a higher volatility of 4.41% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 3.31%. This indicates that FSF.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
| FSF.TO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.31% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 13.46% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 15.73% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 17.50% | +1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 212.69% | 17.50% | +195.19% |
Dividends
FSF.TO vs. CBNK.TO - Dividend Comparison
FSF.TO's dividend yield for the trailing twelve months is around 1.43%, less than CBNK.TO's 4.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
FSF.TO CI Global Financial Sector ETF | 1.43% | 1.28% | 1.41% | 2.10% | 2.35% | 0.74% | 1.28% | 1.91% | 2.30% | 0.96% | 0.79% |
Frequently Asked Questions
FSF.TO and CBNK.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSF.TO is categorized as Financials Equities, while CBNK.TO is Derivative Income. They also come from different issuers: CI and Mulvihill.
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