VS
Compare Mulvihill Canadian Bank Enhanced Yield ETF (CBNK) vs Hamilton Canadian Financials Yield Maximizer ETF (HMAX) to find the best fit for your portfolio. CBNK provides Finance and Sovereign exposures, while HMAX is primarily weighted in Finance. When evaluating costs, CBNK features a management fee (MER) of 0.65%, compared to 0.65% for HMAX. Performance-wise, CBNK has returned 43.3% year-to-date with +$21 M in net flows, whereas HMAX is at 18.82% with +$415 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CBNK
HMAX
| AuM | $199.37 M | $2,572.45 M |
| Management Fees | 0.65% | 0.65% |
| Exp. ratio | 1.68% | 0.80% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 3, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CBNK | -0.76% | +14.14% | +43.30% | +73.18% | +206.82% |
HMAX | -1.10% | +6.91% | +18.82% | +33.21% | +91.70% | |
| Flows | CBNK | +$6 M | +$13 M | +$21 M | +$12 M | +$25 M |
HMAX | +$43 M | +$133 M | +$415 M | +$650 M | +$1,616 M |
CBNK vs HMAX exposure
Countries
CBNK
Canada
99.95%
HMAX
Canada
100.21%
Sectors
CBNK
Finance
98.64%
HMAX
Finance
100.21%
As of September 3, 2026
Top 10 Holdings
CBNK
Canadian Imperial Bank of Commerce
15.36%
The Toronto-Dominion Bank
15.30%
Bank of Montreal
15.23%
National Bank of Canada
15.20%
Royal Bank of Canada
15.15%
The Bank of Nova Scotia
14.60%
Premium Income Corp.
7.79%
Canada, Bills 0% 21oct2026, CAD (182D)
1.32%
HMAX
Royal Bank of Canada
24.88%
The Toronto-Dominion Bank
16.81%
Bank of Montreal
10.73%
Canadian Imperial Bank of Commerce
9.16%
The Bank of Nova Scotia
9.10%
Brookfield Corp.
8.84%
Manulife Financial Corp.
6.30%
National Bank of Canada
5.42%
Great-West Lifeco, Inc.
5.08%
Sun Life Financial, Inc.
3.89%
Diversification
CBNK
Total weight of top 10 holdings out of 8 total
99.95%
HMAX
Total weight of top 10 holdings out of 10 total
100.21%
Characteristics
Compare
CBNK
HMAX
| Provider | Mulvihill | Hamilton ETFs |
| Management | Actively managed | Actively managed |
| Benchmark | - | - |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.30% | 11.21% |
| Meets ESG criteria | No | No |
| Inception Date | February 25, 2022 | January 20, 2023 |
Frequently asked questions about CBNK and HMAX
Which ETF has performed better year to date: CBNK or HMAX?
As of September 3, 2026, CBNK has returned 43.30% year to date, while HMAX has returned 18.82%. CBNK is ahead on YTD performance.
Which ETF is larger by assets under management: CBNK or HMAX?
As of September 3, 2026, CBNK manages $199.37 M in assets, while HMAX manages $2.57 B. HMAX is the larger fund by AUM.
How are CBNK and HMAX managed?
CBNK is actively managed by Mulvihill. It does not track an index. HMAX is actively managed by Hamilton ETFs. It does not track an index.
What sectors do CBNK and HMAX emphasize?
CBNK is most exposed to Finance and Sovereign. HMAX is most exposed to Finance.
Which ETF is attracting more investor flows: CBNK or HMAX?
Year to date, CBNK has seen +$20.85 M in net flows, compared with +$415.23 M for HMAX. HMAX has attracted more net investor money so far.
How do the fees of CBNK and HMAX compare?
CBNK has an expense ratio of 1.68%, while HMAX has an expense ratio of 0.80%.
What are the top holdings of CBNK and HMAX?
CBNK's largest holdings include Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank, and Bank of Montreal. HMAX's top holdings include Royal Bank of Canada, The Toronto-Dominion Bank, and Bank of Montreal.
Which ETF is more diversified: CBNK or HMAX?
CBNK holds 8 securities, while HMAX holds 10. On holdings count, HMAX is the more diversified portfolio.
Recent articles about CBNK and HMAX
Yield-focused ETFs and the Benefit They Can Provide Investors
ETFs that employ covered call-writing strategies can be effective ways to generate monthly yield for investors while still providing exposure to a security or asset class on a long-term basis.
Posted on 6/13/2024 by Kyle Anthony inStock Market
The ETF Market Canada is brought to you by Cboe in partnership with Trackinsight SA who is providing all the data, analysis and editorial content on this site. Unless explicitly stated as such, any information that you receive is not real-time.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
All content on the ETF Market Canada is for your general information use only, Cboe is not responsible for any use of content by you outside this scope. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by Cboe and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.