PortfoliosLab logoPortfoliosLab logo

Documentation

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

CAGG.TO vs. XAGH.TO

Last updated Jul 1, 2026
See Documentation

CAGG.TO (CI Canadian Aggregate Bond Index ETF) and XAGH.TO (iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)) are both Total Bond Market funds. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

CAGG.TO vs. XAGH.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 iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

CAGG.TO

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

XAGH.TO

1D
-0.88%
1M
0.17%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)
CAGG.TO
CI Canadian Aggregate Bond Index ETF		1.61%
XAGH.TO
iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)		-0.04%

Correlation

The correlation between CAGG.TO and XAGH.TO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jan 20, 2026

0.60

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

iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)

Often compared with XAGH.TO:
XAGH.TO vs. VAB.TOXAGH.TO vs. ZAG.TOXAGH.TO vs. BTC-USDXAGH.TO vs. VUN.TOXAGH.TO vs. VBU.NEOXAGH.TO vs. PSLVXAGH.TO vs. FSHBX

Return for Risk

CAGG.TO vs. XAGH.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
XAGH.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. XAGH.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 iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.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.TOXAGH.TODifference
Sharpe ratioReturn per unit of total volatility
0.85

—

—

Sortino ratioReturn per unit of downside risk
1.22

—

—

Omega ratioGain probability vs. loss probability

1.16

—

—

Calmar ratioReturn relative to maximum drawdown

1.32

—

—

Martin ratioReturn relative to average drawdown

3.11

—

—

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

Loading charts...

Drawdowns

CAGG.TO vs. XAGH.TO - Drawdown Comparison

The maximum CAGG.TO drawdown since its inception was -18.77%, which is greater than XAGH.TO's maximum drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for CAGG.TO and XAGH.TO.

Loading charts...

Drawdown Indicators

CAGG.TOXAGH.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.77%

-3.18%

-15.59%

Max Drawdown (1Y)

Largest decline over 1 year

-2.73%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-4.76%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-16.68%

—

—

Current Drawdown

Current decline from peak

-0.22%

-1.71%

+1.49%

Average Drawdown

Average peak-to-trough decline

-5.50%

-1.36%

-4.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.16%

—

—

Volatility

CAGG.TO vs. XAGH.TO - Volatility Comparison

Loading charts...

Volatility by Period

CAGG.TOXAGH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.89%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

3.14%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

4.23%

5.19%

-0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.19%

5.19%

+1.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.04%

5.19%

+1.85%

Dividends

CAGG.TO vs. XAGH.TO - Dividend Comparison

CAGG.TO's dividend yield for the trailing twelve months is around 3.52%, more than XAGH.TO's 1.90% yield.

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%
XAGH.TO
iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)		1.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CAGG.TO and XAGH.TO have a correlation of 0.60, 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 iShares.

Portfolio Optimizer

Find the right allocation for CAGG.TO and XAGH.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