YNVD.NEO vs. CBNK.TO
YNVD.NEO (NVIDIA (NVDA) Yield Shares Purpose ETF) and CBNK.TO (Mulvihill Canadian Bank Enhanced Yield ETF) are both Derivative Income funds. Both are actively managed. Over the past year, YNVD.NEO returned 72.69% vs 83.05% for CBNK.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
YNVD.NEO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YNVD.NEO achieves a 20.36% return, which is significantly lower than CBNK.TO's 28.26% return.
YNVD.NEO
- 1D
- 2.83%
- 1M
- 14.32%
- YTD
- 20.36%
- 6M
- 28.67%
- 1Y
- 72.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 2.15%
- 1M
- 9.57%
- YTD
- 28.26%
- 6M
- 32.45%
- 1Y
- 83.05%
- 3Y*
- 38.97%
- 5Y*
- —
- 10Y*
- —
YNVD.NEO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 20.36% | 44.51% | 133.89% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 28.26% | 51.67% | 31.96% |
Correlation
The correlation between YNVD.NEO and CBNK.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 19, 2024 | 0.24 |
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Return for Risk
YNVD.NEO vs. CBNK.TO — Risk / Return Rank
YNVD.NEO
CBNK.TO
YNVD.NEO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) 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.
| YNVD.NEO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -4.32 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.90 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.45 | 8.32 | -3.87 |
| Martin ratioReturn relative to average drawdown | 12.10 | 35.92 | -23.83 |
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
| YNVD.NEO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 5.33 | -3.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 1.13 | +0.41 |
Drawdowns
YNVD.NEO vs. CBNK.TO - Drawdown Comparison
The maximum YNVD.NEO drawdown since its inception was -41.02%, 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 YNVD.NEO and CBNK.TO.
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Drawdown Indicators
| YNVD.NEO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -32.12% | -8.90% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -10.03% | -6.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.92% | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.19% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -8.81% | -10.91% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.03% | 2.32% | +3.71% |
Volatility
YNVD.NEO vs. CBNK.TO - Volatility Comparison
NVIDIA (NVDA) Yield Shares Purpose ETF (YNVD.NEO) has a higher volatility of 13.14% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 5.95%. This indicates that YNVD.NEO'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
| YNVD.NEO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.14% | 5.95% | +7.19% |
Volatility (6M)Calculated over the trailing 6-month period | 27.65% | 13.37% | +14.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.48% | 15.66% | +19.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.45% | 17.57% | +34.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.45% | 17.57% | +34.88% |
Dividends
YNVD.NEO vs. CBNK.TO - Dividend Comparison
YNVD.NEO's dividend yield for the trailing twelve months is around 21.18%, more than CBNK.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 5.82% | 5.86% | 8.25% | 9.59% | 7.85% |
YNVD.NEO NVIDIA (NVDA) Yield Shares Purpose ETF | 21.18% | 23.48% | 17.81% | 0.00% | 0.00% |
Frequently Asked Questions
YNVD.NEO and CBNK.TO have a correlation of 0.24, 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: Purpose Investments and Mulvihill.
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