CAGS.TO vs. CEQT.TO
CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) and CEQT.TO (CI Equity Asset Allocation ETF) are both exchange-traded funds - CAGS.TO is a Short-Term Bond fund managed by CI, while CEQT.TO is a Diversified Portfolio fund actively managed by CI. Over the past 3 years, CAGS.TO returned 5.14%/yr vs 22.66%/yr for CEQT.TO. At a 0.11 correlation, their price movements are largely independent.
Performance
CAGS.TO vs. CEQT.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 CEQT.TO's 14.27% 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*
- —
CEQT.TO
- 1D
- 0.43%
- 1M
- 1.75%
- YTD
- 14.27%
- 6M
- 13.93%
- 1Y
- 29.87%
- 3Y*
- 22.66%
- 5Y*
- —
- 10Y*
- —
CAGS.TO vs. CEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 1.42% | 3.95% | 6.07% | 2.86% |
CEQT.TO CI Equity Asset Allocation ETF | 14.27% | 18.84% | 27.38% | 6.47% |
Correlation
The correlation between CAGS.TO and CEQT.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 17, 2023 | 0.11 |
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Return for Risk
CAGS.TO vs. CEQT.TO — Risk / Return Rank
CAGS.TO
CEQT.TO
CAGS.TO vs. CEQT.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 Equity Asset Allocation ETF (CEQT.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 | CEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.88 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.15 | -1.81 |
| Martin ratioReturn relative to average drawdown | 7.01 | 16.41 | -9.40 |
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Drawdowns
CAGS.TO vs. CEQT.TO - Drawdown Comparison
The maximum CAGS.TO drawdown since its inception was -11.60%, smaller than the maximum CEQT.TO drawdown of -14.02%. Use the drawdown chart below to compare losses from any high point for CAGS.TO and CEQT.TO.
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Drawdown Indicators
| CAGS.TO | CEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -14.02% | +2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -7.26% | +5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -1.33% | -14.02% | +12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -7.58% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.44% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -1.18% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.83% | -1.39% |
Volatility
CAGS.TO vs. CEQT.TO - Volatility Comparison
The current volatility for CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) is 0.51%, while CI Equity Asset Allocation ETF (CEQT.TO) has a volatility of 4.14%. This indicates that CAGS.TO experiences smaller price fluctuations and is considered to be less risky than CEQT.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 | CEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 4.14% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 9.22% | -7.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 11.02% | -9.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 13.08% | -10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 13.08% | -8.45% |
Dividends
CAGS.TO vs. CEQT.TO - Dividend Comparison
CAGS.TO's dividend yield for the trailing twelve months is around 3.27%, more than CEQT.TO's 1.09% 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% |
CEQT.TO CI Equity Asset Allocation ETF | 1.09% | 1.25% | 1.82% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CAGS.TO and CEQT.TO have a correlation of 0.21, 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 CEQT.TO is Diversified Portfolio.
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