BXF.TO vs. CIC.TO
BXF.TO (CI 1-5 Year Laddered Government Strip Bond Index ETF) and CIC.TO (CI Canadian Banks Covered Call Income Class ETF) are both exchange-traded funds - BXF.TO is a Government Bonds fund managed by CI, while CIC.TO is a Financials Equities fund actively managed by CI. Over the past 10 years, BXF.TO returned 1.81%/yr vs 13.93%/yr for CIC.TO. At a correlation of -0.02, they often move in opposite directions.
Performance
BXF.TO vs. CIC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BXF.TO achieves a 1.25% return, which is significantly lower than CIC.TO's 26.10% return. Over the past 10 years, BXF.TO has underperformed CIC.TO with an annualized return of 1.81%, while CIC.TO has yielded a comparatively higher 13.93% annualized return.
BXF.TO
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.25%
- 6M
- 1.15%
- 1Y
- 2.70%
- 3Y*
- 4.49%
- 5Y*
- 1.96%
- 10Y*
- 1.81%
CIC.TO
- 1D
- 0.64%
- 1M
- 9.33%
- YTD
- 26.10%
- 6M
- 25.61%
- 1Y
- 57.81%
- 3Y*
- 29.54%
- 5Y*
- 16.38%
- 10Y*
- 13.93%
BXF.TO vs. CIC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 1.25% | 3.86% | 4.51% | 4.55% | -3.73% | -0.83% | 5.07% | 2.36% | 1.77% | 0.48% |
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 26.10% | 35.32% | 21.30% | 6.58% | -10.99% | 33.76% | 1.89% | 14.12% | -8.88% | 12.14% |
Correlation
The correlation between BXF.TO and CIC.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2013 | -0.02 |
The correlation between BXF.TO and CIC.TO shifts across timeframes, from -0.02 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BXF.TO vs. CIC.TO — Risk / Return Rank
BXF.TO
CIC.TO
BXF.TO vs. CIC.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 Banks Covered Call Income Class ETF (CIC.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.TO | CIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.20 | ||
| Sortino ratioReturn per unit of downside risk | -5.68 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.97 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 7.06 | -5.32 |
| Martin ratioReturn relative to average drawdown | 5.46 | 33.08 | -27.62 |
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Drawdowns
BXF.TO vs. CIC.TO - Drawdown Comparison
The maximum BXF.TO drawdown since its inception was -6.99%, smaller than the maximum CIC.TO drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for BXF.TO and CIC.TO.
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Drawdown Indicators
| BXF.TO | CIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.99% | -38.55% | +31.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -8.23% | +6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -14.32% | +12.58% |
Max Drawdown (5Y)Largest decline over 5 years | -6.92% | -26.34% | +19.42% |
Max Drawdown (10Y)Largest decline over 10 years | -6.99% | -38.55% | +31.56% |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -5.47% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 1.75% | -1.24% |
Volatility
BXF.TO vs. CIC.TO - Volatility Comparison
The current volatility for CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) is 0.67%, while CI Canadian Banks Covered Call Income Class ETF (CIC.TO) has a volatility of 2.60%. This indicates that BXF.TO experiences smaller price fluctuations and is considered to be less risky than CIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXF.TO | CIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 2.60% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 9.90% | -7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 11.44% | -8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 12.80% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 16.26% | -12.65% |
Dividends
BXF.TO vs. CIC.TO - Dividend Comparison
BXF.TO's dividend yield for the trailing twelve months is around 2.97%, less than CIC.TO's 4.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 2.97% | 2.91% | 3.29% | 2.58% | 1.58% | 1.38% | 1.67% | 1.75% | 1.55% | 1.17% | 1.19% | 1.24% |
CIC.TO CI Canadian Banks Covered Call Income Class ETF | 4.94% | 5.17% | 6.71% | 7.37% | 7.64% | 5.48% | 9.56% | 6.16% | 6.61% | 5.68% | 6.72% | 7.31% |
Frequently Asked Questions
BXF.TO and CIC.TO have a correlation of 0.24, 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 CIC.TO is Financials Equities.
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