CAGG.TO vs. VAB.TO
CAGG.TO (CI Canadian Aggregate Bond Index ETF) and VAB.TO (Vanguard Canadian Aggregate Bond Index ETF) are both Total Bond Market funds. Over the past 5 years, CAGG.TO returned 0.90%/yr vs 0.43%/yr for VAB.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
CAGG.TO vs. VAB.TO - Performance Comparison
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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 VAB.TO's 2.13% 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*
- —
VAB.TO
- 1D
- -0.04%
- 1M
- 0.44%
- YTD
- 2.13%
- 6M
- 2.04%
- 1Y
- 3.18%
- 3Y*
- 3.84%
- 5Y*
- 0.43%
- 10Y*
- 1.38%
CAGG.TO vs. VAB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 2.13% | 2.00% | 3.26% | 6.90% | -11.86% | -2.88% | 8.27% | 6.78% | 1.14% | -1.34% |
Correlation
The correlation between CAGG.TO and VAB.TO is 0.69, 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 | 0.69 |
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 | 0.44 |
Over the past year, CAGG.TO and VAB.TO have become more correlated (0.69) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
CAGG.TO vs. VAB.TO — Risk / Return Rank
CAGG.TO
VAB.TO
CAGG.TO vs. VAB.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 Vanguard Canadian Aggregate Bond Index ETF (VAB.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 | VAB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.13 | +0.19 |
| Martin ratioReturn relative to average drawdown | 3.11 | 2.79 | +0.32 |
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Drawdowns
CAGG.TO vs. VAB.TO - Drawdown Comparison
The maximum CAGG.TO drawdown since its inception was -18.77%, roughly equal to the maximum VAB.TO drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for CAGG.TO and VAB.TO.
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Drawdown Indicators
| CAGG.TO | VAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.77% | -18.39% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -2.83% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -4.76% | -5.31% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -16.68% | -15.82% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.39% | — |
Current DrawdownCurrent decline from peak | -0.22% | -2.38% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -4.20% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 1.20% | -0.04% |
Volatility
CAGG.TO vs. VAB.TO - Volatility Comparison
The current volatility for CI Canadian Aggregate Bond Index ETF (CAGG.TO) is 0.89%, while Vanguard Canadian Aggregate Bond Index ETF (VAB.TO) has a volatility of 1.04%. This indicates that CAGG.TO experiences smaller price fluctuations and is considered to be less risky than VAB.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.TO | VAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 1.04% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.14% | 3.35% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 4.38% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 6.59% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.04% | 6.47% | +0.57% |
Dividends
CAGG.TO vs. VAB.TO - Dividend Comparison
CAGG.TO's dividend yield for the trailing twelve months is around 3.52%, more than VAB.TO's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VAB.TO Vanguard Canadian Aggregate Bond Index ETF | 3.30% | 3.05% | 2.50% | 2.95% | 2.87% | 2.48% | 2.51% | 2.65% | 2.80% | 2.77% | 2.75% | 2.79% |
Frequently Asked Questions
CAGG.TO and VAB.TO have a correlation of 0.69, 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 Vanguard.
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