VS
Mulvihill Canadian Bank Enhanced Yield ETF (CBNK) and RBC Canadian Bank Yield Index ETF (RBNK) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CBNK focuses its top 3 sector exposures on Finance and Sovereign, while RBNK leans towards Finance. When evaluating costs, CBNK features a management fee (MER) of 0.65%, compared to 0.29% for RBNK. Performance-wise, CBNK has returned 42.66% year-to-date with +$21 M in net flows, whereas RBNK is at 33.28% with +$29 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
RBNK
| AuM | $198.48 M | $521.48 M |
| Management Fees | 0.65% | 0.29% |
| Exp. ratio | 1.68% | 0.32% |
| Tracking Difference | - | 4.86% |
Historical performance and flows
As of September 4, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CBNK | -1.21% | +11.33% | +42.66% | +70.63% | +205.45% |
RBNK | -0.30% | +9.30% | +33.28% | +53.21% | +162.76% | |
| Flows | CBNK | +$6 M | +$13 M | +$21 M | +$12 M | +$25 M |
RBNK | +$5 M | +$20 M | +$29 M | +$39 M | +$2 M |
CBNK vs RBNK exposure
Countries
CBNK
Canada
99.95%
RBNK
Canada
99.97%
Sectors
CBNK
Finance
98.64%
RBNK
Finance
99.97%
As of September 4, 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%
RBNK
Bank of Montreal
26.17%
The Bank of Nova Scotia
25.05%
The Toronto-Dominion Bank
16.48%
Canadian Imperial Bank of Commerce
15.72%
Royal Bank of Canada
8.61%
National Bank of Canada
7.94%
Diversification
CBNK
Total weight of top 10 holdings out of 8 total
99.95%
RBNK
Total weight of top 10 holdings out of 6 total
99.97%
Characteristics
Compare
CBNK
RBNK
| Provider | Mulvihill | RBC Global Asset Management |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Canada Bank Yield Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 6.33% | 2.74% |
| Meets ESG criteria | No | No |
| Inception Date | February 25, 2022 | October 20, 2017 |
Frequently asked questions about CBNK and RBNK
Which ETF has performed better year to date: CBNK or RBNK?
As of September 4, 2026, CBNK has returned 42.66% year to date, while RBNK has returned 33.28%. CBNK is ahead on YTD performance.
Which ETF is larger by assets under management: CBNK or RBNK?
As of September 4, 2026, CBNK manages $198.48 M in assets, while RBNK manages $521.48 M. RBNK is the larger fund by AUM.
How are CBNK and RBNK managed?
CBNK is actively managed by Mulvihill. It does not track an index. RBNK is passively managed by RBC Global Asset Management. It tracks the Solactive Canada Bank Yield Index - CAD benchmark.
What sectors do CBNK and RBNK emphasize?
CBNK is most exposed to Finance and Sovereign. RBNK is most exposed to Finance.
Which ETF is attracting more investor flows: CBNK or RBNK?
Year to date, CBNK has seen +$20.85 M in net flows, compared with +$29.32 M for RBNK. RBNK has attracted more net investor money so far.
How do the fees of CBNK and RBNK compare?
CBNK has an expense ratio of 1.68%, while RBNK has an expense ratio of 0.32%.
What are the top holdings of CBNK and RBNK?
CBNK's largest holdings include Canadian Imperial Bank of Commerce, The Toronto-Dominion Bank, and Bank of Montreal. RBNK's top holdings include Bank of Montreal, The Bank of Nova Scotia, and The Toronto-Dominion Bank.
Which ETF is more diversified: CBNK or RBNK?
CBNK holds 8 securities, while RBNK holds 6. On holdings count, CBNK is the more diversified portfolio.
Recent articles about CBNK and RBNK
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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.