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ASFYX vs. CLF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ASFYX vs. CLF.TO

Last updated Jun 13, 2026

ASFYX (AlphaSimplex Managed Futures Strategy Fund Class Y) and CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) are both funds - ASFYX is a Systematic Trend fund managed by BlackRock, while CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Over the past 10 years, ASFYX returned 2.51%/yr vs 0.73%/yr for CLF.TO. At a correlation of -0.03, they often move in opposite directions. ASFYX charges 1.47%/yr vs 0.17%/yr for CLF.TO.

Performance

ASFYX vs. CLF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ASFYX is traded in USD, while CLF.TO is traded in CAD. To make them comparable, the CLF.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ASFYX achieves a 11.11% return, which is significantly higher than CLF.TO's -1.11% return. Over the past 10 years, ASFYX has outperformed CLF.TO with an annualized return of 2.51%, while CLF.TO has yielded a comparatively lower 0.73% annualized return.

ASFYX

1D
0.58%
1M
-4.76%
YTD
11.11%
6M
13.11%
1Y
20.94%
3Y*
-2.86%
5Y*
2.18%
10Y*
2.51%

CLF.TO

1D
-0.34%
1M
-1.44%
YTD
-1.11%
6M
-0.34%
1Y
0.44%
3Y*
2.82%
5Y*
-1.18%
10Y*
0.73%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ASFYX vs. CLF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y		11.11%-9.67%-3.22%-10.33%35.67%3.52%13.59%8.99%-12.59%6.78%
CLF.TO
iShares 1-5 Year Laddered Government Bond Index ETF		-1.11%8.31%-3.36%7.12%-9.71%-1.22%7.37%6.88%-6.20%6.74%

Correlation

The correlation between ASFYX and CLF.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.04

Correlation (3Y)
Calculated over the trailing 3-year period

-0.04

Correlation (5Y)
Calculated over the trailing 5-year period

-0.11

Correlation (10Y)
Calculated over the trailing 10-year period

-0.07

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2010

-0.03

The correlation between ASFYX and CLF.TO shifts across timeframes, from -0.11 (5 years) to 0.04 (1 year), reflecting how their relationship changes across market environments.

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AlphaSimplex Managed Futures Strategy Fund Class Y

iShares 1-5 Year Laddered Government Bond Index ETF

Often compared with ASFYX:
ASFYX vs. DBMFASFYX vs. AMFAXASFYX vs. ABYIXASFYX vs. MFTNXASFYX vs. FNCMXASFYX vs. DBCASFYX vs. JEPI
Often compared with CLF.TO:
CLF.TO vs. XGB.TOCLF.TO vs. XSH.TOCLF.TO vs. TLTCLF.TO vs. XBB.TOCLF.TO vs. CBIL.TOCLF.TO vs. SPYCLF.TO vs. ZSP.TO

Return for Risk

ASFYX vs. CLF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASFYX
ASFYX Risk / Return Rank: 6969
Overall Rank
ASFYX Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
ASFYX Sortino Ratio Rank: 5353
Sortino Ratio Rank
ASFYX Omega Ratio Rank: 5555
Omega Ratio Rank
ASFYX Calmar Ratio Rank: 9191
Calmar Ratio Rank
ASFYX Martin Ratio Rank: 8787
Martin Ratio Rank
CLF.TO
CLF.TO Risk / Return Rank: 4444
Overall Rank
CLF.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
CLF.TO Sortino Ratio Rank: 4242
Sortino Ratio Rank
CLF.TO Omega Ratio Rank: 4646
Omega Ratio Rank
CLF.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
CLF.TO Martin Ratio Rank: 4141
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.

ASFYX vs. CLF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ASFYXCLF.TODifference
Sharpe ratioReturn per unit of total volatility
1.79
0.09

+1.69

Sortino ratioReturn per unit of downside risk
2.39
0.17

+2.22

Omega ratioGain probability vs. loss probability

1.31

1.02

+0.30

Calmar ratioReturn relative to maximum drawdown

4.05

0.13

+3.92

Martin ratioReturn relative to average drawdown

13.53

0.30

+13.23

ASFYX vs. CLF.TO - Sharpe Ratio Comparison

The current ASFYX Sharpe Ratio is 1.79, which is higher than the CLF.TO Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of ASFYX and CLF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ASFYX vs. CLF.TO - Drawdown Comparison

The maximum ASFYX drawdown since its inception was -36.43%, which is greater than CLF.TO's maximum drawdown of -27.88%. Use the drawdown chart below to compare losses from any high point for ASFYX and CLF.TO.

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Drawdown Indicators

ASFYXCLF.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.43%

-27.88%

-8.55%

Max Drawdown (1Y)

Largest decline over 1 year

-5.32%

-3.33%

-1.99%

Max Drawdown (3Y)

Largest decline over 3 years

-30.32%

-7.33%

-22.99%

Max Drawdown (5Y)

Largest decline over 5 years

-36.43%

-17.54%

-18.89%

Max Drawdown (10Y)

Largest decline over 10 years

-36.43%

-18.06%

-18.37%

Current Drawdown

Current decline from peak

-21.16%

-11.65%

-9.51%

Average Drawdown

Average peak-to-trough decline

-13.19%

-12.27%

-0.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

1.44%

+0.15%

Volatility

ASFYX vs. CLF.TO - Volatility Comparison

AlphaSimplex Managed Futures Strategy Fund Class Y (ASFYX) has a higher volatility of 3.85% compared to iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) at 1.15%. This indicates that ASFYX's price experiences larger fluctuations and is considered to be riskier than CLF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ASFYXCLF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

1.15%

+2.70%

Volatility (6M)

Calculated over the trailing 6-month period

9.91%

3.64%

+6.27%

Volatility (1Y)

Calculated over the trailing 1-year period

12.06%

4.78%

+7.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.80%

7.02%

+6.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.73%

7.41%

+5.32%

ASFYX vs. CLF.TO - Expense Ratio Comparison

ASFYX has a 1.47% expense ratio, which is higher than CLF.TO's 0.17% expense ratio.

Dividends

ASFYX vs. CLF.TO - Dividend Comparison

ASFYX's dividend yield for the trailing twelve months is around 1.37%, less than CLF.TO's 2.25% yield.

PositionTTM20252024202320222021202020192018201720162015
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y		1.37%1.52%1.46%0.99%32.48%6.07%3.40%5.51%1.30%0.07%0.01%5.06%
CLF.TO
iShares 1-5 Year Laddered Government Bond Index ETF		2.25%2.22%2.22%2.23%2.10%1.98%2.15%2.46%2.67%2.91%3.12%3.29%

Frequently Asked Questions

ASFYX and CLF.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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