CAGS.TO vs. CBCX.TO
CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) and CBCX.TO (CI Galaxy Blockchain Index ETF CAD) are both exchange-traded funds - CAGS.TO is a Short-Term Bond fund managed by CI, while CBCX.TO is a Blockchain fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Technology NTR Hedged (CAD). Over the past 3 years, CAGS.TO returned 5.14%/yr vs 46.73%/yr for CBCX.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
CAGS.TO vs. CBCX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CAGS.TO achieves a 1.42% return, which is significantly lower than CBCX.TO's 6.72% return.
CAGS.TO
- 1D
- 0.02%
- 1M
- 0.38%
- YTD
- 1.42%
- 6M
- 1.40%
- 1Y
- 3.10%
- 3Y*
- 5.14%
- 5Y*
- 2.12%
- 10Y*
- —
CBCX.TO
- 1D
- 0.53%
- 1M
- -8.66%
- YTD
- 6.72%
- 6M
- 4.92%
- 1Y
- 36.52%
- 3Y*
- 46.73%
- 5Y*
- —
- 10Y*
- —
CAGS.TO vs. CBCX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 1.42% | 3.95% | 6.07% | 5.02% | 0.16% |
CBCX.TO CI Galaxy Blockchain Index ETF CAD | 6.72% | 21.63% | 82.92% | 108.11% | -46.10% |
Correlation
The correlation between CAGS.TO and CBCX.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.04 |
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Return for Risk
CAGS.TO vs. CBCX.TO — Risk / Return Rank
CAGS.TO
CBCX.TO
CAGS.TO vs. CBCX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) and CI Galaxy Blockchain Index ETF CAD (CBCX.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.
| CAGS.TO | CBCX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.15 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 0.68 | +1.66 |
| Martin ratioReturn relative to average drawdown | 7.01 | 1.20 | +5.81 |
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Drawdowns
CAGS.TO vs. CBCX.TO - Drawdown Comparison
The maximum CAGS.TO drawdown since its inception was -11.60%, smaller than the maximum CBCX.TO drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for CAGS.TO and CBCX.TO.
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Drawdown Indicators
| CAGS.TO | CBCX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -55.21% | +43.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -54.19% | +52.86% |
Max Drawdown (3Y)Largest decline over 3 years | -1.33% | -55.21% | +53.88% |
Max Drawdown (5Y)Largest decline over 5 years | -7.58% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -35.09% | +35.07% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -23.92% | +22.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 30.48% | -30.04% |
Volatility
CAGS.TO vs. CBCX.TO - Volatility Comparison
The current volatility for CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) is 0.51%, while CI Galaxy Blockchain Index ETF CAD (CBCX.TO) has a volatility of 17.68%. This indicates that CAGS.TO experiences smaller price fluctuations and is considered to be less risky than CBCX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAGS.TO | CBCX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 17.68% | -17.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 42.50% | -40.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 61.19% | -59.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 62.66% | -59.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 62.66% | -58.03% |
Dividends
CAGS.TO vs. CBCX.TO - Dividend Comparison
CAGS.TO's dividend yield for the trailing twelve months is around 3.27%, more than CBCX.TO's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 3.27% | 3.16% | 3.37% | 2.62% | 2.61% | 1.96% | 2.59% | 2.83% | 2.72% | 1.06% |
CBCX.TO CI Galaxy Blockchain Index ETF CAD | 0.03% | 0.14% | 0.13% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CAGS.TO and CBCX.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAGS.TO is categorized as Short-Term Bond, while CBCX.TO is Blockchain.
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