CBNK vs. CIC ETF Comparison
Comparison of Mulvihill Enhanced Yield Canadian Bank ETF (CBNK) to First Asset CanBanc Income Class ETF (CIC)
CBNK
Mulvihill Enhanced Yield Canadian Bank ETF
CBNK Description
Mulvihill Enhanced Yield Canadian Bank ETF invests in the common shares of the "Big Six" Canadian Banks while adding modest 25% leverage and option writing strategies to further enhance the underlying portfolio dividend yields. CBNK targets a 7% annual yield, over 2x the current yield of the S&P/TSX Diversified Banks Index, making it the highest yielding Canadian Bank ETF. Mulvihill Capital Management Inc. has a 25+ year track record managing a similar strategy.
Grade (RS Rating)
Last Trade
$8.61
Average Daily Volume
16,415
4
CIC
First Asset CanBanc Income Class ETF
CIC Description
The ETF’s investment objectives are to provide Shareholders with (i) quarterly distributions; (ii) the opportunity for capital appreciation; and (iii) lower overall volatility of portfolio returns than would be experienced by owning a portfolio of common shares of the Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, The Bank of Nova Scotia and The Toronto-Dominion Bank directly.Grade (RS Rating)
Last Trade
$12.25
Average Daily Volume
9,960
4
Performance
Period | CBNK | CIC |
---|---|---|
30 Days | 3.03% | 3.02% |
60 Days | 3.91% | 2.58% |
90 Days | 14.56% | 10.51% |
12 Months | 31.91% | 29.58% |
CBNK Overweight 0 Positions Relative to CIC
Symbol | Grade | Weight |
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CBNK Underweight 0 Positions Relative to CIC
Symbol | Grade | Weight |
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CBNK: Top Represented Industries & Keywords
CIC: Top Represented Industries & Keywords