PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
BXF.TO vs. CAGS.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BXF.TO vs. CAGS.TO

Last updated Jul 22, 2026
Documentation

BXF.TO (CI 1-5 Year Laddered Government Strip Bond Index ETF) and CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) are both exchange-traded funds - BXF.TO is a Government Bonds fund managed by CI, while CAGS.TO is a Short-Term Bond fund managed by CI. Over the past 5 years, BXF.TO returned 1.79%/yr vs 2.10%/yr for CAGS.TO. At a 0.21 correlation, their price movements are largely independent.

Performance

BXF.TO vs. CAGS.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) and CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BXF.TO achieves a 0.95% return, which is significantly lower than CAGS.TO's 1.19% return.

BXF.TO

1D
-0.30%
1M
-0.31%
6M
0.65%
YTD
0.95%
1Y
3.10%
3Y*
4.49%
5Y*
1.79%
10Y*
1.81%
ALL TIME*
2.03%

CAGS.TO

1D
0.08%
1M
-0.02%
6M
0.87%
YTD
1.19%
1Y
3.25%
3Y*
5.01%
5Y*
2.10%
10Y*
—
ALL TIME*
2.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BXF.TO vs. CAGS.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index ETF		0.95%3.86%4.51%4.55%-3.73%-0.83%5.07%2.36%1.77%0.82%
CAGS.TO
CI Canadian Short-Term Aggregate Bond Index ETF		1.19%3.95%6.07%5.02%-4.30%-1.22%4.47%4.33%1.41%0.49%

Correlation

The correlation between BXF.TO and CAGS.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.23

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

0.25

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

0.26

Correlation (All Time)
Calculated using the full available price history since Jul 28, 2017

0.21

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI 1-5 Year Laddered Government Strip Bond Index ETF

CI Canadian Short-Term Aggregate Bond Index ETF

Often compared with BXF.TO:
BXF.TO vs. CBCX.TOBXF.TO vs. XTLH.TOBXF.TO vs. ZMP.TOBXF.TO vs. ZPL.TOBXF.TO vs. ZFS.TOBXF.TO vs. FGO.TOBXF.TO vs. XTLT.TO
Often compared with CAGS.TO:
CAGS.TO vs. ZSU.TOCAGS.TO vs. RCDB.NEOCAGS.TO vs. ONEQ.TOCAGS.TO vs. CMNY.TOCAGS.TO vs. CGXF.TOCAGS.TO vs. VSC.TOCAGS.TO vs. VXM-B.TO

Return for Risk

BXF.TO vs. CAGS.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BXF.TO
BXF.TO Risk / Return Rank: 4444
Overall Rank
BXF.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
BXF.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
BXF.TO Omega Ratio Rank: 4040
Omega Ratio Rank
BXF.TO Calmar Ratio Rank: 5454
Calmar Ratio Rank
BXF.TO Martin Ratio Rank: 5151
Martin Ratio Rank
CAGS.TO
CAGS.TO Risk / Return Rank: 6363
Overall Rank
CAGS.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
CAGS.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
CAGS.TO Omega Ratio Rank: 7171
Omega Ratio Rank
CAGS.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
CAGS.TO Martin Ratio Rank: 5757
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.

BXF.TO vs. CAGS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) and CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.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.

BXF.TOCAGS.TODifference
Sharpe ratioReturn per unit of total volatility
1.05
1.59

-0.54

Sortino ratioReturn per unit of downside risk
1.50
2.21

-0.71

Omega ratioGain probability vs. loss probability

1.21

1.32

-0.12

Calmar ratioReturn relative to maximum drawdown

2.07

2.45

-0.38

Martin ratioReturn relative to average drawdown

6.52

7.38

-0.87

BXF.TO vs. CAGS.TO - Sharpe Ratio Comparison

The current BXF.TO Sharpe Ratio is 1.05, which is lower than the CAGS.TO Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of BXF.TO and CAGS.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.

Loading charts...

Drawdowns

BXF.TO vs. CAGS.TO - Drawdown Comparison

The maximum BXF.TO drawdown since its inception was -6.99%, smaller than the maximum CAGS.TO drawdown of -11.60%. Use the drawdown chart below to compare losses from any high point for BXF.TO and CAGS.TO.

Loading charts...

Drawdown Indicators

BXF.TOCAGS.TODifference

Max Drawdown

Largest peak-to-trough decline

-6.99%

-11.60%

+4.61%

Max Drawdown (1Y)

Largest decline over 1 year

-1.55%

-1.33%

-0.22%

Max Drawdown (3Y)

Largest decline over 3 years

-1.60%

-1.33%

-0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-6.92%

-7.58%

+0.66%

Max Drawdown (10Y)

Largest decline over 10 years

-6.99%

—

—

Current Drawdown

Current decline from peak

-0.59%

-0.27%

-0.32%

Average Drawdown

Average peak-to-trough decline

-1.16%

-1.45%

+0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.49%

0.44%

+0.05%

Volatility

BXF.TO vs. CAGS.TO - Volatility Comparison

CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) has a higher volatility of 0.99% compared to CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) at 0.68%. This indicates that BXF.TO's price experiences larger fluctuations and is considered to be riskier than CAGS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

BXF.TOCAGS.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.99%

0.68%

+0.31%

Volatility (6M)

Calculated over the trailing 6-month period

2.40%

1.62%

+0.78%

Volatility (1Y)

Calculated over the trailing 1-year period

3.08%

2.06%

+1.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.57%

2.76%

+0.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.62%

4.62%

-1.00%

Dividends

BXF.TO vs. CAGS.TO - Dividend Comparison

BXF.TO's dividend yield for the trailing twelve months is around 2.98%, less than CAGS.TO's 3.28% yield.

PositionTTM20252024202320222021202020192018201720162015
BXF.TO
CI 1-5 Year Laddered Government Strip Bond Index ETF		2.98%2.91%3.29%2.58%1.58%1.38%1.67%1.75%1.55%1.17%1.19%1.24%
CAGS.TO
CI Canadian Short-Term Aggregate Bond Index ETF		3.28%3.16%3.37%2.62%2.61%1.96%2.59%2.83%2.72%1.06%0.00%0.00%

Frequently Asked Questions

BXF.TO and CAGS.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BXF.TO is categorized as Government Bonds, while CAGS.TO is Short-Term Bond.

Portfolio Optimizer

Find the right allocation for BXF.TO and CAGS.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer