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CAGG.TO vs. CGXF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CAGG.TO vs. CGXF.TO

Last updated Jul 1, 2026
See Documentation

CAGG.TO (CI Canadian Aggregate Bond Index ETF) and CGXF.TO (CI Gold+ Giants Covered Call ETF Common) are both exchange-traded funds - CAGG.TO is a Total Bond Market fund managed by CI, while CGXF.TO is a Gold fund actively managed by CI. Over the past 5 years, CAGG.TO returned 0.90%/yr vs 17.47%/yr for CGXF.TO. At a 0.12 correlation, their price movements are largely independent.

Performance

CAGG.TO vs. CGXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Canadian Aggregate Bond Index ETF (CAGG.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CAGG.TO achieves a 2.25% return, which is significantly higher than CGXF.TO's -10.85% return.

CAGG.TO

1D
-0.02%
1M
0.63%
YTD
2.25%
6M
2.13%
1Y
3.60%
3Y*
4.89%
5Y*
0.90%
10Y*
—

CGXF.TO

1D
-0.42%
1M
-12.86%
YTD
-10.85%
6M
-11.69%
1Y
34.42%
3Y*
29.81%
5Y*
17.47%
10Y*
8.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CAGG.TO vs. CGXF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CAGG.TO
CI Canadian Aggregate Bond Index ETF		2.25%2.45%4.41%7.28%-11.36%-3.39%7.32%9.39%0.30%-0.53%
CGXF.TO
CI Gold+ Giants Covered Call ETF Common		-10.85%114.18%11.88%1.43%1.89%-6.21%15.22%20.53%-18.76%7.07%

Correlation

The correlation between CAGG.TO and CGXF.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.22

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

0.14

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

0.13

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2017

0.12

The correlation between CAGG.TO and CGXF.TO shifts across timeframes, from 0.12 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

CI Canadian Aggregate Bond Index ETF

CI Gold+ Giants Covered Call ETF Common

Often compared with CGXF.TO:
CGXF.TO vs. CGL.TOCGXF.TO vs. CCOM.TOCGXF.TO vs. VXM-B.TOCGXF.TO vs. AGCC.TOCGXF.TO vs. CGL-C.TOCGXF.TO vs. HGGG.TOCGXF.TO vs. CMNY.TO

Return for Risk

CAGG.TO vs. CGXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CAGG.TO
CAGG.TO Risk / Return Rank: 2626
Overall Rank
CAGG.TO Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
CAGG.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
CAGG.TO Omega Ratio Rank: 2525
Omega Ratio Rank
CAGG.TO Calmar Ratio Rank: 3030
Calmar Ratio Rank
CAGG.TO Martin Ratio Rank: 2626
Martin Ratio Rank
CGXF.TO
CGXF.TO Risk / Return Rank: 2424
Overall Rank
CGXF.TO Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
CGXF.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
CGXF.TO Omega Ratio Rank: 2727
Omega Ratio Rank
CGXF.TO Calmar Ratio Rank: 2424
Calmar Ratio Rank
CGXF.TO Martin Ratio Rank: 2323
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.

CAGG.TO vs. CGXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Canadian Aggregate Bond Index ETF (CAGG.TO) and CI Gold+ Giants Covered Call ETF Common (CGXF.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.

CAGG.TOCGXF.TODifference
Sharpe ratioReturn per unit of total volatility
0.85
0.82

+0.04

Sortino ratioReturn per unit of downside risk
1.22
1.26

-0.04

Omega ratioGain probability vs. loss probability

1.16

1.17

-0.01

Calmar ratioReturn relative to maximum drawdown

1.32

1.03

+0.30

Martin ratioReturn relative to average drawdown

3.11

2.60

+0.51

CAGG.TO vs. CGXF.TO - Sharpe Ratio Comparison

The current CAGG.TO Sharpe Ratio is 0.85, which is comparable to the CGXF.TO Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of CAGG.TO and CGXF.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

CAGG.TO vs. CGXF.TO - Drawdown Comparison

The maximum CAGG.TO drawdown since its inception was -18.77%, smaller than the maximum CGXF.TO drawdown of -91.79%. Use the drawdown chart below to compare losses from any high point for CAGG.TO and CGXF.TO.

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Drawdown Indicators

CAGG.TOCGXF.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.77%

-91.79%

+73.02%

Max Drawdown (1Y)

Largest decline over 1 year

-2.73%

-33.65%

+30.92%

Max Drawdown (3Y)

Largest decline over 3 years

-4.76%

-33.65%

+28.89%

Max Drawdown (5Y)

Largest decline over 5 years

-16.68%

-37.19%

+20.51%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.68%

—

Current Drawdown

Current decline from peak

-0.22%

-31.10%

+30.88%

Average Drawdown

Average peak-to-trough decline

-5.50%

-44.90%

+39.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.16%

13.28%

-12.12%

Volatility

CAGG.TO vs. CGXF.TO - Volatility Comparison

The current volatility for CI Canadian Aggregate Bond Index ETF (CAGG.TO) is 0.89%, while CI Gold+ Giants Covered Call ETF Common (CGXF.TO) has a volatility of 15.71%. This indicates that CAGG.TO experiences smaller price fluctuations and is considered to be less risky than CGXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CAGG.TOCGXF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.89%

15.71%

-14.82%

Volatility (6M)

Calculated over the trailing 6-month period

3.14%

34.84%

-31.70%

Volatility (1Y)

Calculated over the trailing 1-year period

4.23%

42.29%

-38.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.19%

31.50%

-25.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.04%

30.66%

-23.62%

Dividends

CAGG.TO vs. CGXF.TO - Dividend Comparison

CAGG.TO's dividend yield for the trailing twelve months is around 3.52%, less than CGXF.TO's 13.05% yield.

PositionTTM20252024202320222021202020192018201720162015
CAGG.TO
CI Canadian Aggregate Bond Index ETF		3.52%3.36%2.82%3.25%4.11%2.42%2.77%3.00%2.74%1.51%0.00%0.00%
CGXF.TO
CI Gold+ Giants Covered Call ETF Common		13.05%7.43%8.09%8.93%8.54%8.59%11.00%6.69%7.97%6.99%10.68%4.82%

Frequently Asked Questions

CAGG.TO and CGXF.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CAGG.TO is categorized as Total Bond Market, while CGXF.TO is Gold.

Portfolio Optimizer

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