CACB.TO vs. CBH.TO
CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) and CBH.TO (iShares 1-10 Year Laddered Corporate Bond Index ETF) are both Corporate Bonds funds. CACB.TO is actively managed, while CBH.TO is passively managed. Over the past 5 years, CACB.TO returned 3.34%/yr vs 2.17%/yr for CBH.TO. At a 0.46 correlation, their price movements are largely independent. CACB.TO charges 0.40%/yr vs 0.28%/yr for CBH.TO.
Performance
CACB.TO vs. CBH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CACB.TO achieves a 1.98% return, which is significantly higher than CBH.TO's 1.29% return.
CACB.TO
- 1D
- 0.00%
- 1M
- 1.83%
- YTD
- 1.98%
- 6M
- 1.75%
- 1Y
- 4.87%
- 3Y*
- 6.64%
- 5Y*
- 3.34%
- 10Y*
- —
CBH.TO
- 1D
- -0.06%
- 1M
- 1.18%
- YTD
- 1.29%
- 6M
- 1.13%
- 1Y
- 3.64%
- 3Y*
- 5.45%
- 5Y*
- 2.17%
- 10Y*
- 2.41%
CACB.TO vs. CBH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 1.98% | 4.34% | 7.21% | 10.68% | -8.04% | -0.64% | 12.31% | 7.89% |
CBH.TO iShares 1-10 Year Laddered Corporate Bond Index ETF | 1.29% | 4.60% | 6.19% | 6.48% | -6.85% | -2.08% | 7.99% | 3.55% |
Correlation
The correlation between CACB.TO and CBH.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.46 |
The correlation between CACB.TO and CBH.TO shifts across timeframes, from 0.46 (all time) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CACB.TO vs. CBH.TO — Risk / Return Rank
CACB.TO
CBH.TO
CACB.TO vs. CBH.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 iShares 1-10 Year Laddered Corporate Bond Index ETF (CBH.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 | CBH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.71 | +0.18 |
| Martin ratioReturn relative to average drawdown | 5.75 | 5.14 | +0.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CACB.TO | CBH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.19 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.54 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.51 | +0.25 |
Drawdowns
CACB.TO vs. CBH.TO - Drawdown Comparison
The maximum CACB.TO drawdown since its inception was -12.97%, smaller than the maximum CBH.TO drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for CACB.TO and CBH.TO.
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Drawdown Indicators
| CACB.TO | CBH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.97% | -16.36% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.59% | -2.14% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -3.15% | -2.14% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -12.87% | -10.50% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.36% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -1.83% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.71% | +0.14% |
Volatility
CACB.TO vs. CBH.TO - Volatility Comparison
CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) has a higher volatility of 1.36% compared to iShares 1-10 Year Laddered Corporate Bond Index ETF (CBH.TO) at 1.07%. This indicates that CACB.TO's price experiences larger fluctuations and is considered to be riskier than CBH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CACB.TO | CBH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.07% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 2.28% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.07% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 4.02% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.24% | 6.47% | -0.23% |
CACB.TO vs. CBH.TO - Expense Ratio Comparison
CACB.TO has a 0.40% expense ratio, which is higher than CBH.TO's 0.28% expense ratio.
Dividends
CACB.TO vs. CBH.TO - Dividend Comparison
CACB.TO's dividend yield for the trailing twelve months is around 4.40%, more than CBH.TO's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
CBH.TO iShares 1-10 Year Laddered Corporate Bond Index ETF | 3.36% | 3.32% | 3.21% | 3.28% | 3.17% | 2.91% | 2.92% | 3.33% | 3.65% | 3.82% | 3.86% | 3.90% |
Frequently Asked Questions
CACB.TO and CBH.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBH.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBH.TO is cheaper with a 0.28% expense ratio, compared with 0.40% for CACB.TO.
They also come from different issuers: CIBC and iShares. Their fees differ too: 0.40% for CACB.TO and 0.28% for CBH.TO.
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