YTSL.NEO vs. CBNK.TO
YTSL.NEO (Tesla (TSLA) 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 3 years, YTSL.NEO returned 28.69%/yr vs 38.97%/yr for CBNK.TO. At a 0.29 correlation, their price movements are largely independent.
Performance
YTSL.NEO vs. CBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, YTSL.NEO achieves a -7.41% return, which is significantly lower than CBNK.TO's 28.26% return.
YTSL.NEO
- 1D
- -1.16%
- 1M
- 7.81%
- YTD
- -7.41%
- 6M
- 0.85%
- 1Y
- 49.81%
- 3Y*
- 28.69%
- 5Y*
- —
- 10Y*
- —
CBNK.TO
- 1D
- 2.15%
- 1M
- 9.57%
- YTD
- 28.26%
- 6M
- 32.45%
- 1Y
- 83.05%
- 3Y*
- 38.97%
- 5Y*
- —
- 10Y*
- —
YTSL.NEO vs. CBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF | -7.41% | 27.43% | 46.11% | 106.56% | -20.20% |
CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | 28.26% | 51.67% | 27.42% | 8.42% | 1.89% |
Correlation
The correlation between YTSL.NEO and CBNK.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | 0.29 |
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Return for Risk
YTSL.NEO vs. CBNK.TO — Risk / Return Rank
YTSL.NEO
CBNK.TO
YTSL.NEO vs. CBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla (TSLA) Yield Shares Purpose ETF (YTSL.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.
| YTSL.NEO | CBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.29 | ||
| Sortino ratioReturn per unit of downside risk | -5.46 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.90 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 8.32 | -6.31 |
| Martin ratioReturn relative to average drawdown | 5.28 | 35.92 | -30.64 |
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
| YTSL.NEO | CBNK.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 5.33 | -4.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 1.13 | -0.55 |
Drawdowns
YTSL.NEO vs. CBNK.TO - Drawdown Comparison
The maximum YTSL.NEO drawdown since its inception was -58.40%, 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 YTSL.NEO and CBNK.TO.
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Drawdown Indicators
| YTSL.NEO | CBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.40% | -32.12% | -26.28% |
Max Drawdown (1Y)Largest decline over 1 year | -24.81% | -10.03% | -14.78% |
Max Drawdown (3Y)Largest decline over 3 years | -58.40% | -17.92% | -40.48% |
Current DrawdownCurrent decline from peak | -8.46% | -0.19% | -8.27% |
Average DrawdownAverage peak-to-trough decline | -20.46% | -10.91% | -9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.59% | 2.32% | +7.27% |
Volatility
YTSL.NEO vs. CBNK.TO - Volatility Comparison
Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) has a higher volatility of 12.78% compared to Mulvihill Canadian Bank Enhanced Yield ETF (CBNK.TO) at 5.95%. This indicates that YTSL.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
| YTSL.NEO | CBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.78% | 5.95% | +6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 29.36% | 13.37% | +15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.20% | 15.66% | +32.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.82% | 17.57% | +44.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.82% | 17.57% | +44.25% |
Dividends
YTSL.NEO vs. CBNK.TO - Dividend Comparison
YTSL.NEO's dividend yield for the trailing twelve months is around 46.17%, 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% |
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF | 46.17% | 36.11% | 12.80% | 24.07% | 1.96% |
Frequently Asked Questions
YTSL.NEO and CBNK.TO have a correlation of 0.25, 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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