PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CAGG.TO vs. HBB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CAGG.TO vs. HBB.TO

Last updated Jul 1, 2026
See Documentation

CAGG.TO (CI Canadian Aggregate Bond Index ETF) and HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) are both Total Bond Market funds. Over the past 5 years, CAGG.TO returned 0.90%/yr vs 0.27%/yr for HBB.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

CAGG.TO vs. HBB.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 Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CAGG.TO achieves a 2.25% return, which is significantly higher than HBB.TO's 1.92% 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*
—

HBB.TO

1D
-0.14%
1M
0.47%
YTD
1.92%
6M
1.78%
1Y
2.64%
3Y*
3.80%
5Y*
0.27%
10Y*
1.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CAGG.TO vs. HBB.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%
HBB.TO
Global X Canadian Select Universe Bond Index Corporate Class ETF		1.92%1.84%3.96%5.76%-11.94%-2.35%8.33%5.81%1.19%-1.21%

Correlation

The correlation between CAGG.TO and HBB.TO is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.65

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

0.47

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

0.43

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

0.42

Over the past year, CAGG.TO and HBB.TO have become more correlated (0.65) than their long-term average of 0.42, meaning their price movements have been converging.

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

Global X Canadian Select Universe Bond Index Corporate Class ETF

Often compared with HBB.TO:
HBB.TO vs. HSAV.TOHBB.TO vs. XAGG.TOHBB.TO vs. CHPS.TOHBB.TO vs. USCL.TOHBB.TO vs. QQCL.TOHBB.TO vs. HXS.TOHBB.TO vs. CASH.TO

Return for Risk

CAGG.TO vs. HBB.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
HBB.TO
HBB.TO Risk / Return Rank: 1919
Overall Rank
HBB.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
HBB.TO Sortino Ratio Rank: 1717
Sortino Ratio Rank
HBB.TO Omega Ratio Rank: 1717
Omega Ratio Rank
HBB.TO Calmar Ratio Rank: 2222
Calmar Ratio Rank
HBB.TO Martin Ratio Rank: 2121
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. HBB.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 Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.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.TOHBB.TODifference
Sharpe ratioReturn per unit of total volatility
0.85
0.60

+0.26

Sortino ratioReturn per unit of downside risk
1.22
0.83

+0.39

Omega ratioGain probability vs. loss probability

1.16

1.11

+0.05

Calmar ratioReturn relative to maximum drawdown

1.32

0.95

+0.37

Martin ratioReturn relative to average drawdown

3.11

2.26

+0.85

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

The current CAGG.TO Sharpe Ratio is 0.85, which is higher than the HBB.TO Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of CAGG.TO and HBB.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.

Loading charts...

Drawdowns

CAGG.TO vs. HBB.TO - Drawdown Comparison

The maximum CAGG.TO drawdown since its inception was -18.77%, roughly equal to the maximum HBB.TO drawdown of -18.23%. Use the drawdown chart below to compare losses from any high point for CAGG.TO and HBB.TO.

Loading charts...

Drawdown Indicators

CAGG.TOHBB.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.77%

-18.23%

-0.54%

Max Drawdown (1Y)

Largest decline over 1 year

-2.73%

-2.78%

+0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-4.76%

-5.56%

+0.80%

Max Drawdown (5Y)

Largest decline over 5 years

-16.68%

-16.19%

-0.49%

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.23%

—

Current Drawdown

Current decline from peak

-0.22%

-2.55%

+2.33%

Average Drawdown

Average peak-to-trough decline

-5.50%

-4.57%

-0.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.16%

1.23%

-0.07%

Volatility

CAGG.TO vs. HBB.TO - Volatility Comparison

The current volatility for CI Canadian Aggregate Bond Index ETF (CAGG.TO) is 0.89%, while Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) has a volatility of 1.12%. This indicates that CAGG.TO experiences smaller price fluctuations and is considered to be less risky than HBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CAGG.TOHBB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.89%

1.12%

-0.23%

Volatility (6M)

Calculated over the trailing 6-month period

3.14%

3.38%

-0.24%

Volatility (1Y)

Calculated over the trailing 1-year period

4.23%

4.47%

-0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.19%

6.55%

-0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.04%

7.09%

-0.05%

Dividends

CAGG.TO vs. HBB.TO - Dividend Comparison

CAGG.TO's dividend yield for the trailing twelve months is around 3.52%, while HBB.TO has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
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%
HBB.TO
Global X Canadian Select Universe Bond Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CAGG.TO and HBB.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: CI and Global X.

Portfolio Optimizer

Find the right allocation for CAGG.TO and HBB.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer