Not registered. Not advice. DecodeETF is an information service. We are not registered as an adviser, dealer, or investment fund manager with the Ontario Securities Commission or any Canadian provincial regulator. Nothing on this site is a recommendation, solicitation, or offer to buy or sell any security. Past performance is not indicative of future results, and all investing carries risk including the loss of principal. Speak with a registered financial professional before making investment decisions.
Mulvihill Capital Markets
Not enough history to decode this fund's yield yet.
Payout over time
Fund health
This fund adds leverage on top of the same covered-call strategy as BKCC.TO. The return split below shows how much of this fund's own return came from price versus distributions; the full leverage comparison is further down this page.
Where the 3-year return came from
3-year annualized, on a shared scale: bars left of the line are negative. Capital appreciation is the fund's own unit-price change; income return is the contribution from distributions being reinvested. The two combine (multiplicatively) to the total return.
Fund vs unleveraged sibling
BKCC.TO runs the same covered-call strategy on the same basket without the 1.25x leverage, so the difference below isolates what the leverage added, not the options.
| Last 36 months | CBNK.TO Mulvihill Canadian Bank Enhanced Yield ETF | BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF |
|---|---|---|
| Distribution yield | - | 8.2% |
| Total return (3y/yr) | 42.2% | 23.2% |
| Capital growth (3y/yr) | 30.4% | 9.4% |
| Growth of $100, reinvested | $288 | $187 |
| Growth of $100, not reinvested | $222 | $131 |
Recent dividend activity in holdings
What Premium adds
Next steps
Prices as of 2026-07-24. Distributions as of 2026-07-15. Tax character year 2025.
We break down what Canadian ETF investors need to know. Free. No account needed. Unsubscribe anytime.
Why the price moved
An approximation: both funds write calls, so this gap isolates the added leverage and financing, not the option overlay itself.
Over the last 36 months CBNK.TO returned +19.0pp per year more than BKCC.TO, and paid a different distribution yield. Both run the same covered-call strategy on the same basket, so the difference came from the 1.25x leverage, which amplifies losses as much as gains.
Trailing 12-month cash yield; 3-year annualized total and price return. Past performance is not indicative of future results.