GPTY vs. CBNK.TO
GPTY (YieldMax AI & Tech Portfolio Option Income ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GPTY returned 55.13% vs 76.91% for CBNK.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
GPTY vs. CBNK.TO - Performance Comparison
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Different Trading Currencies
GPTY is traded in USD, while CBNK.TO is traded in CAD. To make them comparable, the CBNK.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GPTY achieves a 36.39% return, which is significantly higher than CBNK.TO's 24.00% return.
GPTY
- 1D
- -1.40%
- 1M
- 19.04%
- YTD
- 36.39%
- 6M
- 32.30%
- 1Y
- 55.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 0.02%
- 1M
- 5.59%
- YTD
- 24.00%
- 6M
- 32.69%
- 1Y
- 76.91%
- 3Y*
- 37.39%
- 5Y*
- —
- 10Y*
- —
GPTY vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GPTY YieldMax AI & Tech Portfolio Option Income ETF | 36.39% | 17.15% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 24.00% | 56.35% |
Correlation
The correlation between GPTY and CBNK.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | 0.43 |
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Return for Risk
GPTY vs. CBNK.TO — Risk / Return Rank
GPTY
CBNK.TO
GPTY vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AI & Tech Portfolio Option Income ETF (GPTY) 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.
| GPTY | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.33 | 4.65 | -2.32 |
Sortino ratioReturn per unit of downside risk | 2.98 | 6.09 | -3.11 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.77 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 2.87 | 7.06 | -4.20 |
Martin ratioReturn relative to average drawdown | 7.65 | 30.68 | -23.03 |
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
| GPTY | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 4.65 | -2.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 0.81 | +0.62 |
Drawdowns
GPTY vs. CBNK.TO - Drawdown Comparison
The maximum GPTY drawdown since its inception was -26.62%, smaller than the maximum CBNK.TO drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for GPTY and CBNK.TO.
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Drawdown Indicators
| GPTY | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -38.51% | +11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -19.32% | -10.94% | -8.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.07% | — |
Current DrawdownCurrent decline from peak | -1.40% | -2.92% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -14.36% | +7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 2.51% | +4.72% |
Volatility
GPTY vs. CBNK.TO - Volatility Comparison
YieldMax AI & Tech Portfolio Option Income ETF (GPTY) has a higher volatility of 7.41% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 5.64%. This indicates that GPTY'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
| GPTY | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 5.64% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 18.19% | 14.21% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.95% | 16.62% | +7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.85% | 20.39% | +8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.85% | 20.39% | +8.46% |
Dividends
GPTY vs. CBNK.TO - Dividend Comparison
GPTY's dividend yield for the trailing twelve months is around 32.54%, 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% |
GPTY YieldMax AI & Tech Portfolio Option Income ETF | 32.54% | 34.23% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GPTY and CBNK.TO have a correlation of 0.40, 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: YieldMax and Mulvihill.
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