HUTE.TO vs. CBNK.TO
HUTE.TO (Harvest Equal Weight Global Utilities Enhanced Income ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past 3 years, HUTE.TO returned 16.56%/yr vs 38.78%/yr for CBNK.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
HUTE.TO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HUTE.TO achieves a 13.26% return, which is significantly lower than CBNK.TO's 25.03% return.
HUTE.TO
- 1D
- 0.76%
- 1M
- 0.29%
- YTD
- 13.26%
- 6M
- 13.34%
- 1Y
- 19.83%
- 3Y*
- 16.56%
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 1.49%
- 1M
- 5.41%
- YTD
- 25.03%
- 6M
- 31.97%
- 1Y
- 79.28%
- 3Y*
- 38.78%
- 5Y*
- —
- 10Y*
- —
HUTE.TO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF | 13.26% | 19.04% | 18.15% | 0.09% | 7.10% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 25.03% | 51.67% | 27.42% | 8.42% | -0.15% |
Correlation
The correlation between HUTE.TO and CBNK.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2022 | 0.33 |
The correlation between HUTE.TO and CBNK.TO shifts across timeframes, from 0.16 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HUTE.TO vs. CBNK.TO — Risk / Return Rank
HUTE.TO
CBNK.TO
HUTE.TO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.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.
| HUTE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 5.13 | -3.38 |
Sortino ratioReturn per unit of downside risk | 2.50 | 6.77 | -4.27 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.87 | -0.55 |
Calmar ratioReturn relative to maximum drawdown | 4.26 | 7.90 | -3.64 |
Martin ratioReturn relative to average drawdown | 11.24 | 34.24 | -23.00 |
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
| HUTE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 5.13 | -3.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 1.09 | +0.03 |
Drawdowns
HUTE.TO vs. CBNK.TO - Drawdown Comparison
The maximum HUTE.TO drawdown since its inception was -18.36%, smaller than the maximum CBNK.TO drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for HUTE.TO and CBNK.TO.
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Drawdown Indicators
| HUTE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.36% | -32.12% | +13.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.57% | -10.03% | +5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -13.25% | -17.92% | +4.67% |
Current DrawdownCurrent decline from peak | -3.73% | -2.70% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -10.93% | +7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 2.32% | -0.58% |
Volatility
HUTE.TO vs. CBNK.TO - Volatility Comparison
The current volatility for Harvest Equal Weight Global Utilities Enhanced Income ETF (HUTE.TO) is 4.96%, while Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) has a volatility of 6.06%. This indicates that HUTE.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.
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Volatility by Period
| HUTE.TO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 6.06% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 13.32% | -3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 15.55% | -4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 17.55% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.34% | 17.55% | -3.21% |
Dividends
HUTE.TO vs. CBNK.TO - Dividend Comparison
HUTE.TO's dividend yield for the trailing twelve months is around 9.15%, more than CBNK.TO's 5.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 5.97% | 5.86% | 8.25% | 9.59% | 7.85% |
HUTE.TO Harvest Equal Weight Global Utilities Enhanced Income ETF | 9.15% | 9.64% | 10.24% | 10.70% | 1.61% |
Frequently Asked Questions
HUTE.TO and CBNK.TO have a correlation of 0.16, 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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