CACB.TO vs. CAEM.TO

Last updated Jun 4, 2026

CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) and CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) are both exchange-traded funds - CACB.TO is a Corporate Bonds fund actively managed by CIBC, while CAEM.TO is a Emerging Markets Equities fund actively managed by CIBC. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

CACB.TO vs. CAEM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) and Avantis CIBC Emerging Markets Equity ETF (CAEM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CACB.TO

• 1D: 0.00%
• 1M: 1.83%
• YTD: 1.98%
• 6M: 1.75%
• 1Y: 4.87%
• 3Y*: 6.64%
• 5Y*: 3.34%
• 10Y*: —

CAEM.TO

• 1D: -0.87%
• 1M: 9.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CACB.TO vs. CAEM.TO - Yearly Performance Comparison

	2026 (YTD)
CACB.TO CIBC Active Investment Grade Corporate Bond ETF	2.05%
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	17.42%

Correlation

The correlation between CACB.TO and CAEM.TO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 1, 2026	0.56

Return for Risk

CACB.TO vs. CAEM.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CACB.TO

CACB.TO Risk / Return Rank: 39
CACB.TO Sharpe Ratio Rank: 38
CACB.TO Sortino Ratio Rank: 38
CACB.TO Omega Ratio Rank: 40
CACB.TO Calmar Ratio Rank: 39
CACB.TO Martin Ratio Rank: 38

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.

CACB.TO vs. CAEM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) and Avantis CIBC Emerging Markets Equity ETF (CAEM.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.

	CACB.TO	CAEM.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	1.92	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.89	—	—
Martin ratio: Return relative to average drawdown	5.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CACB.TO	CAEM.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	7.86	-7.10

Drawdowns

CACB.TO vs. CAEM.TO - Drawdown Comparison

The maximum CACB.TO drawdown since its inception was -12.97%, which is greater than CAEM.TO's maximum drawdown of -4.26%. Use the drawdown chart below to compare losses from any high point for CACB.TO and CAEM.TO.

Drawdown Indicators

	CACB.TO	CAEM.TO	Difference
Max Drawdown Largest peak-to-trough decline	-12.97%	-4.26%	-8.71%
Max Drawdown (1Y) Largest decline over 1 year	-2.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.87%	—	—
Current Drawdown Current decline from peak	0.00%	-0.87%	+0.87%
Average Drawdown Average peak-to-trough decline	-2.52%	-0.74%	-1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	—	—

Volatility

Volatility by Period

	CACB.TO	CAEM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	19.42%	-15.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.66%	19.42%	-13.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.24%	19.42%	-13.18%

Dividends

CACB.TO vs. CAEM.TO - Dividend Comparison

CACB.TO's dividend yield for the trailing twelve months is around 4.40%, while CAEM.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CACB.TO CIBC Active Investment Grade Corporate Bond ETF	4.40%	4.46%	4.24%	5.48%	4.97%	4.64%	4.58%	4.60%
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CACB.TO and CAEM.TO in my portfolio?

CACB.TO and CAEM.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CACB.TO and CAEM.TO?

CACB.TO is categorized as Corporate Bonds, while CAEM.TO is Emerging Markets Equities.