CAGG.TO vs. QBB.TO
CAGG.TO (CI Canadian Aggregate Bond Index ETF) and QBB.TO (Mackenzie Canadian Aggregate Bond Index ETF) are both Total Bond Market funds. Over the past 5 years, CAGG.TO returned 0.58%/yr vs 0.40%/yr for QBB.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
CAGG.TO vs. QBB.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CAGG.TO achieves a 1.35% return, which is significantly higher than QBB.TO's 0.96% return.
CAGG.TO
- 1D
- 0.00%
- 1M
- -0.59%
- 6M
- 0.83%
- YTD
- 1.35%
- 1Y
- 4.42%
- 3Y*
- 4.54%
- 5Y*
- 0.58%
- 10Y*
- —
QBB.TO
- 1D
- -0.03%
- 1M
- -0.89%
- 6M
- 0.35%
- YTD
- 0.96%
- 1Y
- 3.92%
- 3Y*
- 4.24%
- 5Y*
- 0.40%
- 10Y*
- —
CAGG.TO vs. QBB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CAGG.TO CI Canadian Aggregate Bond Index ETF | 1.35% | 2.45% | 4.41% | 7.28% | -11.36% | -3.39% | 7.32% | 9.39% | 2.18% |
QBB.TO Mackenzie Canadian Aggregate Bond Index ETF | 0.96% | 2.70% | 3.90% | 7.16% | -11.56% | -2.12% | 6.73% | 7.32% | 2.61% |
Correlation
The correlation between CAGG.TO and QBB.TO is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.41 |
Over the past year, CAGG.TO and QBB.TO have become more correlated (0.66) than their long-term average of 0.41, 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.
Return for Risk
CAGG.TO vs. QBB.TO — Risk / Return Rank
CAGG.TO
QBB.TO
CAGG.TO vs. QBB.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 Mackenzie Canadian Aggregate Bond Index ETF (QBB.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.TO | QBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.40 | +0.23 |
| Martin ratioReturn relative to average drawdown | 4.04 | 3.56 | +0.48 |
Loading charts...
Drawdowns
CAGG.TO vs. QBB.TO - Drawdown Comparison
The maximum CAGG.TO drawdown since its inception was -18.77%, which is greater than QBB.TO's maximum drawdown of -16.70%. Use the drawdown chart below to compare losses from any high point for CAGG.TO and QBB.TO.
Loading charts...
Drawdown Indicators
| CAGG.TO | QBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.77% | -16.70% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.81% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -4.21% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -15.32% | -1.36% |
Current DrawdownCurrent decline from peak | -1.09% | -1.20% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -4.62% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.10% | 0.00% |
Volatility
CAGG.TO vs. QBB.TO - Volatility Comparison
CI Canadian Aggregate Bond Index ETF (CAGG.TO) has a higher volatility of 1.40% compared to Mackenzie Canadian Aggregate Bond Index ETF (QBB.TO) at 1.08%. This indicates that CAGG.TO's price experiences larger fluctuations and is considered to be riskier than QBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CAGG.TO | QBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.08% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 3.23% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.24% | 4.14% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 6.15% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 6.26% | +0.77% |
Dividends
CAGG.TO vs. QBB.TO - Dividend Comparison
CAGG.TO's dividend yield for the trailing twelve months is around 3.56%, more than QBB.TO's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
QBB.TO Mackenzie Canadian Aggregate Bond Index ETF | 3.16% | 3.22% | 3.00% | 2.72% | 2.42% | 2.64% | 2.26% | 2.72% | 2.62% | 0.00% |
Frequently Asked Questions
CAGG.TO and QBB.TO have a correlation of 0.66, 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 Mackenzie.
Find the right allocation for CAGG.TO and QBB.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