Canadian Income

Asset Allocation

Position	Category/Sector	Target Weight
ALA.TO AltaGas Ltd.	Utilities	8.11%
ARX.TO ARC Resources Ltd.	Energy	8.11%
BIP-UN.TO Brookfield Infrastructure Partners L.P	Utilities	8.11%
BMO.TO Bank of Montreal	Financial Services	6%
BN.TO Brookfield Corporation	Financial Services	8.11%
BNS.TO The Bank of Nova Scotia	Financial Services	8.11%
CM.TO Canadian Imperial Bank of Commerce	Financial Services	8.11%
CPX.TO Capital Power Corporation	Utilities	8.11%
EIF.TO Exchange Income Corporation	Industrials	8.11%
NA.TO National Bank of Canada	Financial Services	7%
PPL.TO Pembina Pipeline Corporation	Energy	8.11%
RY.TO Royal Bank of Canada	Financial Services	8%
TD.TO The Toronto-Dominion Bank	Financial Services	6%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Canadian Income, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is Sep 10, 2009, corresponding to the inception date of BIP-UN.TO

Returns By Period

As of Apr 1, 2026, the Canadian Income returned 6.43% Year-To-Date and 15.89% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	2.91%	-5.09%	-4.63%	-2.39%	16.33%	16.69%	10.18%	12.16%
Portfolio Canadian Income	1.62%	-2.61%	6.43%	14.34%	46.73%	25.54%	18.04%	15.89%
Portfolio components:
RY.TO Royal Bank of Canada	2.42%	-3.23%	-4.45%	11.38%	48.21%	23.65%	16.04%	15.17%
NA.TO National Bank of Canada	0.00%	-9.06%	0.89%	20.32%	57.30%	25.65%	17.59%	19.13%
TD.TO The Toronto-Dominion Bank	1.99%	-4.05%	-0.03%	18.98%	62.42%	21.54%	12.07%	12.62%
BMO.TO Bank of Montreal	2.87%	-5.80%	5.27%	5.93%	47.75%	20.44%	13.62%	13.37%
CM.TO Canadian Imperial Bank of Commerce	3.21%	-5.32%	5.46%	20.70%	74.59%	37.10%	19.84%	15.40%
PPL.TO Pembina Pipeline Corporation	0.00%	4.19%	20.16%	14.75%	19.07%	19.49%	17.51%	13.27%
EIF.TO Exchange Income Corporation	2.72%	-5.73%	26.30%	45.81%	124.78%	29.65%	23.80%	20.02%
BIP-UN.TO Brookfield Infrastructure Partners L.P	2.60%	-7.45%	5.49%	13.18%	30.02%	9.77%	6.48%	15.23%
ARX.TO ARC Resources Ltd.	-2.13%	12.30%	10.99%	15.14%	5.84%	25.93%	30.31%	8.49%
ALA.TO AltaGas Ltd.	-0.88%	2.85%	14.61%	14.30%	30.35%	32.38%	19.95%	8.86%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 11, 2009, Canadian Income's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, your investment would double in approximately 4.8 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +17.7%, while the worst month was Mar 2020 at -29.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Canadian Income closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +16.3%, while the worst single day was Mar 12, 2020 at -15.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.65%	6.46%	-2.61%										6.43%
2025	-1.32%	-0.56%	-0.96%	4.67%	7.28%	4.58%	0.30%	4.43%	4.32%	1.60%	2.30%	3.36%	33.98%
2024	-1.24%	1.74%	5.05%	-5.18%	5.08%	-2.34%	6.97%	5.85%	4.71%	-0.21%	5.96%	-3.84%	23.82%
2023	7.86%	-5.94%	-1.08%	2.74%	-3.43%	5.71%	3.68%	-5.55%	-3.01%	-7.10%	10.55%	9.53%	12.46%
2022	3.89%	1.46%	3.75%	-5.08%	5.83%	-10.48%	6.85%	-3.37%	-10.49%	4.67%	6.62%	-6.44%	-5.09%
2021	1.19%	6.48%	7.99%	5.11%	7.63%	1.23%	0.12%	0.05%	1.50%	5.71%	-6.42%	6.93%	43.32%

Benchmark Metrics

Canadian Income has an annualized alpha of 4.26%, beta of 0.88, and R² of 0.55 versus S&P 500 Index. Calculated based on daily prices since September 11, 2009.

This portfolio captured 102.73% of S&P 500 Index gains but only 91.36% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 4.26% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.88 and R² of 0.55, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 4.26%

Beta: 0.88

R²: 0.55

Upside Capture: 102.73%

Downside Capture: 91.36%

Expense Ratio

Canadian Income has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Canadian Income ranks 98 for risk / return — in the top 98% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	3.22	0.90	+2.32
Sortino ratio Return per unit of downside risk	4.15	1.39	+2.76
Omega ratio Gain probability vs. loss probability	1.66	1.21	+0.45
Calmar ratio Return relative to maximum drawdown	4.35	1.40	+2.95
Martin ratio Return relative to average drawdown	25.54	6.61	+18.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
RY.TO Royal Bank of Canada	95	2.90	4.01	1.54	4.90	18.75
NA.TO National Bank of Canada	96	3.00	4.20	1.61	4.83	19.83
TD.TO The Toronto-Dominion Bank	98	3.74	4.73	1.63	8.17	30.80
BMO.TO Bank of Montreal	92	2.34	2.97	1.43	4.19	14.52
CM.TO Canadian Imperial Bank of Commerce	98	4.14	5.16	1.72	7.04	31.43
PPL.TO Pembina Pipeline Corporation	67	0.90	1.24	1.18	1.36	2.62
EIF.TO Exchange Income Corporation	99	4.99	6.27	1.84	12.47	40.36
BIP-UN.TO Brookfield Infrastructure Partners L.P	78	1.32	1.84	1.26	2.51	6.00
ARX.TO ARC Resources Ltd.	44	0.18	0.45	1.06	0.28	0.46
ALA.TO AltaGas Ltd.	84	1.61	2.20	1.29	3.20	8.91

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Canadian Income Sharpe ratios as of Apr 1, 2026 (values are recalculated daily):

1-Year: 3.22
5-Year: 1.06
10-Year: 0.73
All Time: 0.67

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.97 to 1.64, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Canadian Income compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Canadian Income provided a 3.21% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.21%	3.59%	4.26%	4.96%	4.70%	4.36%	5.55%	4.64%	6.17%	4.52%	4.36%	5.54%
Portfolio components:
RY.TO Royal Bank of Canada	2.76%	2.58%	3.23%	3.99%	3.90%	3.22%	4.10%	3.96%	4.03%	3.39%	3.57%	4.15%
NA.TO National Bank of Canada	2.69%	2.75%	4.17%	4.03%	4.03%	3.11%	3.96%	3.77%	4.44%	3.70%	4.03%	5.16%
TD.TO The Toronto-Dominion Bank	3.26%	3.25%	5.33%	4.48%	4.06%	3.26%	4.32%	3.97%	3.85%	3.19%	3.26%	3.69%
BMO.TO Bank of Montreal	3.46%	3.61%	4.39%	4.42%	5.32%	3.74%	5.20%	4.03%	4.24%	3.54%	3.84%	4.15%
CM.TO Canadian Imperial Bank of Commerce	3.09%	3.20%	4.04%	5.47%	7.20%	4.06%	5.37%	5.26%	5.29%	4.19%	4.42%	4.85%
PPL.TO Pembina Pipeline Corporation	4.56%	5.39%	7.09%	7.93%	6.97%	10.89%	13.89%	4.90%	5.53%	4.48%	4.53%	5.98%
EIF.TO Exchange Income Corporation	2.36%	3.25%	4.49%	5.63%	4.58%	5.41%	6.22%	4.99%	7.71%	5.89%	4.79%	6.37%
BIP-UN.TO Brookfield Infrastructure Partners L.P	6.66%	7.01%	6.74%	6.92%	6.21%	4.61%	5.86%	6.32%	7.93%	6.14%	6.97%	7.97%
ARX.TO ARC Resources Ltd.	2.04%	3.03%	2.69%	3.36%	2.68%	2.49%	5.00%	7.33%	7.41%	4.07%	2.81%	7.19%
ALA.TO AltaGas Ltd.	2.65%	3.01%	3.56%	4.03%	4.53%	3.65%	5.14%	4.85%	15.06%	7.39%	5.99%	6.10%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Canadian Income. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Canadian Income was 52.71%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.

The current Canadian Income drawdown is 3.33%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-52.71%	Feb 20, 2020	23	Mar 23, 2020	179	Dec 4, 2020	202
-39.22%	Sep 5, 2014	343	Jan 18, 2016	229	Dec 13, 2016	572
-24.19%	Jan 8, 2018	244	Dec 24, 2018	182	Sep 17, 2019	426
-23.62%	Jun 8, 2022	351	Oct 27, 2023	140	May 17, 2024	491
-18.08%	Jul 22, 2011	51	Oct 4, 2011	75	Jan 23, 2012	126

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 13 assets, with an effective number of assets of 12.87, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	BIP-UN.TO	CPX.TO	EIF.TO	ARX.TO	ALA.TO	PPL.TO	BN.TO	NA.TO	TD.TO	CM.TO	BNS.TO	RY.TO	BMO.TO	Portfolio
Benchmark	1.00	0.44	0.40	0.43	0.39	0.40	0.45	0.67	0.55	0.61	0.58	0.60	0.62	0.61	0.67
BIP-UN.TO	0.44	1.00	0.35	0.33	0.31	0.37	0.40	0.48	0.41	0.42	0.42	0.43	0.43	0.44	0.59
CPX.TO	0.40	0.35	1.00	0.35	0.33	0.46	0.42	0.39	0.44	0.43	0.45	0.45	0.44	0.43	0.61
EIF.TO	0.43	0.33	0.35	1.00	0.31	0.35	0.37	0.43	0.45	0.47	0.46	0.48	0.47	0.48	0.62
ARX.TO	0.39	0.31	0.33	0.31	1.00	0.47	0.54	0.37	0.43	0.45	0.45	0.45	0.45	0.45	0.66
ALA.TO	0.40	0.37	0.46	0.35	0.47	1.00	0.58	0.41	0.47	0.46	0.48	0.48	0.48	0.48	0.67
PPL.TO	0.45	0.40	0.42	0.37	0.54	0.58	1.00	0.47	0.50	0.52	0.53	0.53	0.53	0.53	0.72
BN.TO	0.67	0.48	0.39	0.43	0.37	0.41	0.47	1.00	0.55	0.61	0.59	0.61	0.61	0.63	0.72
NA.TO	0.55	0.41	0.44	0.45	0.43	0.47	0.50	0.55	1.00	0.71	0.72	0.72	0.74	0.74	0.77
TD.TO	0.61	0.42	0.43	0.47	0.45	0.46	0.52	0.61	0.71	1.00	0.77	0.79	0.81	0.79	0.81
CM.TO	0.58	0.42	0.45	0.46	0.45	0.48	0.53	0.59	0.72	0.77	1.00	0.80	0.80	0.80	0.82
BNS.TO	0.60	0.43	0.45	0.48	0.45	0.48	0.53	0.61	0.72	0.79	0.80	1.00	0.80	0.79	0.83
RY.TO	0.62	0.43	0.44	0.47	0.45	0.48	0.53	0.61	0.74	0.81	0.80	0.80	1.00	0.81	0.82
BMO.TO	0.61	0.44	0.43	0.48	0.45	0.48	0.53	0.63	0.74	0.79	0.80	0.79	0.81	1.00	0.82
Portfolio	0.67	0.59	0.61	0.62	0.66	0.67	0.72	0.72	0.77	0.81	0.82	0.83	0.82	0.82	1.00

The correlation results are calculated based on daily price changes starting from Sep 11, 2009

Canadian Income

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table