CAGS.TO vs. CCOM.TO
CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) and CCOM.TO (CI Auspice Broad Commodity Fund ETF Hedged Units) are both exchange-traded funds - CAGS.TO is a Short-Term Bond fund managed by CI, while CCOM.TO is a Commodities fund tracking the Auspice Broad Commodity Excess Return Index. Over the past 3 years, CAGS.TO returned 5.14%/yr vs 6.26%/yr for CCOM.TO. At a correlation of -0.05, they often move in opposite directions.
Performance
CAGS.TO vs. CCOM.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 CCOM.TO's 10.49% 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*
- —
CCOM.TO
- 1D
- 0.26%
- 1M
- -3.91%
- YTD
- 10.49%
- 6M
- 9.70%
- 1Y
- 19.51%
- 3Y*
- 6.26%
- 5Y*
- —
- 10Y*
- —
CAGS.TO vs. CCOM.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% | 0.75% |
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units | 10.49% | 6.96% | 5.90% | -2.46% | 1.40% |
Correlation
The correlation between CAGS.TO and CCOM.TO is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2022 | -0.05 |
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Return for Risk
CAGS.TO vs. CCOM.TO — Risk / Return Rank
CAGS.TO
CCOM.TO
CAGS.TO vs. CCOM.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 Auspice Broad Commodity Fund ETF Hedged Units (CCOM.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 | CCOM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.54 | -0.20 |
| Martin ratioReturn relative to average drawdown | 7.01 | 8.33 | -1.32 |
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Drawdowns
CAGS.TO vs. CCOM.TO - Drawdown Comparison
The maximum CAGS.TO drawdown since its inception was -11.60%, which is greater than CCOM.TO's maximum drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for CAGS.TO and CCOM.TO.
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Drawdown Indicators
| CAGS.TO | CCOM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -9.79% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -7.73% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -1.33% | -8.18% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -7.58% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -7.49% | +7.47% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -3.04% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.35% | -1.91% |
Volatility
CAGS.TO vs. CCOM.TO - Volatility Comparison
The current volatility for CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) is 0.51%, while CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) has a volatility of 2.45%. This indicates that CAGS.TO experiences smaller price fluctuations and is considered to be less risky than CCOM.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 | CCOM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 2.45% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 8.46% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 10.04% | -8.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 8.43% | -5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 8.43% | -3.80% |
Dividends
CAGS.TO vs. CCOM.TO - Dividend Comparison
CAGS.TO's dividend yield for the trailing twelve months is around 3.27%, less than CCOM.TO's 13.61% 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% |
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units | 13.61% | 3.48% | 6.99% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CAGS.TO and CCOM.TO have a correlation of -0.11, 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 CCOM.TO is Commodities.
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