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

CAGG.TO vs. FSF.TO

Last updated Jul 14, 2026
Documentation

CAGG.TO (CI Canadian Aggregate Bond Index ETF) and FSF.TO (CI Global Financial Sector ETF) are both exchange-traded funds - CAGG.TO is a Total Bond Market fund managed by CI, while FSF.TO is a Financials Equities fund actively managed by CI. Over the past 5 years, CAGG.TO returned 0.60%/yr vs 12.50%/yr for FSF.TO. At a correlation of -0.02, they often move in opposite directions.

Performance

CAGG.TO vs. FSF.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 Global Financial Sector ETF (FSF.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 1.29% return, which is significantly lower than FSF.TO's 6.37% return.

CAGG.TO

1D
0.00%
1M
-0.45%
6M
0.92%
YTD
1.29%
1Y
3.81%
3Y*
4.51%
5Y*
0.60%
10Y*
—

FSF.TO

1D
0.53%
1M
5.76%
6M
4.16%
YTD
6.37%
1Y
16.27%
3Y*
23.59%
5Y*
12.50%
10Y*
21.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
CAGG.TO
CI Canadian Aggregate Bond Index ETF		1.29%2.45%4.41%7.28%-11.36%-3.39%7.32%9.39%0.30%-0.53%
FSF.TO
CI Global Financial Sector ETF		6.37%20.68%33.83%10.49%-11.77%30.71%-1.98%25.77%-21.19%13.28%

Correlation

The correlation between CAGG.TO and FSF.TO is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.00

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

0.08

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

0.02

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

-0.02

The correlation between CAGG.TO and FSF.TO shifts across timeframes, from -0.02 (all time) to 0.08 (3 years), 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 Global Financial Sector ETF

Often compared with CAGG.TO:
CAGG.TO vs. CDLB.TOCAGG.TO vs. HBB.TOCAGG.TO vs. CCOM.TOCAGG.TO vs. CIC.TOCAGG.TO vs. VAB.TOCAGG.TO vs. EHE.TOCAGG.TO vs. VBU.NEO
Often compared with FSF.TO:
FSF.TO vs. HXF.TOFSF.TO vs. CMAG.TOFSF.TO vs. EHE.TOFSF.TO vs. CGRE.TOFSF.TO vs. VXM-B.TOFSF.TO vs. CGXF.TOFSF.TO vs. CEW.TO

Return for Risk

CAGG.TO vs. FSF.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: 3131
Overall Rank
CAGG.TO Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
CAGG.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
CAGG.TO Omega Ratio Rank: 3030
Omega Ratio Rank
CAGG.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
CAGG.TO Martin Ratio Rank: 3030
Martin Ratio Rank
FSF.TO
FSF.TO Risk / Return Rank: 3333
Overall Rank
FSF.TO Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
FSF.TO Sortino Ratio Rank: 3535
Sortino Ratio Rank
FSF.TO Omega Ratio Rank: 3838
Omega Ratio Rank
FSF.TO Calmar Ratio Rank: 2727
Calmar Ratio Rank
FSF.TO Martin Ratio Rank: 2828
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. FSF.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 Global Financial Sector ETF (FSF.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.TOFSF.TODifference
Sharpe ratioReturn per unit of total volatility
0.90
1.03

-0.13

Sortino ratioReturn per unit of downside risk
1.26
1.54

-0.28

Omega ratioGain probability vs. loss probability

1.17

1.21

-0.03

Calmar ratioReturn relative to maximum drawdown

1.40

1.08

+0.32

Martin ratioReturn relative to average drawdown

3.49

3.17

+0.32

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

The current CAGG.TO Sharpe Ratio is 0.90, which is comparable to the FSF.TO Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of CAGG.TO and FSF.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. FSF.TO - Drawdown Comparison

The maximum CAGG.TO drawdown since its inception was -18.77%, smaller than the maximum FSF.TO drawdown of -73.78%. Use the drawdown chart below to compare losses from any high point for CAGG.TO and FSF.TO.

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Drawdown Indicators

CAGG.TOFSF.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.77%

-73.78%

+55.01%

Max Drawdown (1Y)

Largest decline over 1 year

-2.73%

-15.09%

+12.36%

Max Drawdown (3Y)

Largest decline over 3 years

-4.47%

-17.26%

+12.79%

Max Drawdown (5Y)

Largest decline over 5 years

-16.68%

-26.08%

+9.40%

Max Drawdown (10Y)

Largest decline over 10 years

—

-73.78%

—

Current Drawdown

Current decline from peak

-1.16%

-0.57%

-0.59%

Average Drawdown

Average peak-to-trough decline

-5.48%

-16.24%

+10.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.09%

5.12%

-4.03%

Volatility

CAGG.TO vs. FSF.TO - Volatility Comparison

The current volatility for CI Canadian Aggregate Bond Index ETF (CAGG.TO) is 1.39%, while CI Global Financial Sector ETF (FSF.TO) has a volatility of 5.19%. This indicates that CAGG.TO experiences smaller price fluctuations and is considered to be less risky than FSF.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.TOFSF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.39%

5.19%

-3.80%

Volatility (6M)

Calculated over the trailing 6-month period

3.27%

13.05%

-9.78%

Volatility (1Y)

Calculated over the trailing 1-year period

4.28%

15.80%

-11.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.19%

19.39%

-13.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.03%

212.64%

-205.61%

Dividends

CAGG.TO vs. FSF.TO - Dividend Comparison

CAGG.TO's dividend yield for the trailing twelve months is around 3.56%, more than FSF.TO's 1.37% yield.

PositionTTM2025202420232022202120202019201820172016
CAGG.TO
CI Canadian Aggregate Bond Index ETF		3.56%3.36%2.82%3.25%4.11%2.42%2.77%3.00%2.74%1.51%0.00%
FSF.TO
CI Global Financial Sector ETF		1.37%1.28%1.41%2.10%2.35%0.74%1.28%1.91%2.30%0.96%0.79%

Frequently Asked Questions

CAGG.TO and FSF.TO have a correlation of -0.00, 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 FSF.TO is Financials Equities.

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