HHIS.TO vs. CBNK.TO
HHIS.TO (Harvest Diversified High Income Shares ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, HHIS.TO returned 31.98% vs 79.20% for CBNK.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
HHIS.TO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HHIS.TO achieves a 9.32% return, which is significantly lower than CBNK.TO's 25.56% return.
HHIS.TO
- 1D
- -1.25%
- 1M
- 7.52%
- YTD
- 9.32%
- 6M
- 4.61%
- 1Y
- 31.98%
- 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*
- —
HHIS.TO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HHIS.TO Harvest Diversified High Income Shares ETF | 9.32% | 24.40% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 25.56% | 51.14% |
Correlation
The correlation between HHIS.TO and CBNK.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2025 | 0.43 |
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Return for Risk
HHIS.TO vs. CBNK.TO — Risk / Return Rank
HHIS.TO
CBNK.TO
HHIS.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Diversified High Income Shares ETF (HHIS.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.
| HHIS.TO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.74 | ||
| Sortino ratioReturn per unit of downside risk | -4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.87 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 7.94 | -6.62 |
| Martin ratioReturn relative to average drawdown | 3.27 | 34.25 | -30.98 |
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
| HHIS.TO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 5.12 | -3.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.10 | -0.35 |
Drawdowns
HHIS.TO vs. CBNK.TO - Drawdown Comparison
The maximum HHIS.TO drawdown since its inception was -31.83%, roughly equal to the maximum CBNK.TO drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for HHIS.TO and CBNK.TO.
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Drawdown Indicators
| HHIS.TO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -32.12% | +0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -10.03% | -14.40% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.92% | — |
Current DrawdownCurrent decline from peak | -2.95% | -2.29% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -10.92% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.79% | 2.32% | +7.47% |
Volatility
HHIS.TO vs. CBNK.TO - Volatility Comparison
Harvest Diversified High Income Shares ETF (HHIS.TO) and Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) have volatilities of 5.51% and 5.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HHIS.TO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 5.67% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 16.97% | 13.29% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.36% | 15.55% | +7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.78% | 17.55% | +16.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.78% | 17.55% | +16.23% |
Dividends
HHIS.TO vs. CBNK.TO - Dividend Comparison
HHIS.TO's dividend yield for the trailing twelve months is around 26.63%, 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% |
HHIS.TO Harvest Diversified High Income Shares ETF | 26.63% | 22.88% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HHIS.TO and CBNK.TO have a correlation of 0.38, 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: Harvest and Mulvihill.
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