CAGS.TO vs. RUSB.TO
CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both Short-Term Bond funds. Over the past 5 years, CAGS.TO returned 2.15%/yr vs 4.57%/yr for RUSB.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
CAGS.TO vs. RUSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CAGS.TO achieves a 1.21% return, which is significantly lower than RUSB.TO's 3.15% return.
CAGS.TO
- 1D
- 0.13%
- 1M
- -0.06%
- 6M
- 0.89%
- YTD
- 1.21%
- 1Y
- 3.36%
- 3Y*
- 5.03%
- 5Y*
- 2.15%
- 10Y*
- —
RUSB.TO
- 1D
- -0.18%
- 1M
- 0.37%
- 6M
- 1.59%
- YTD
- 3.15%
- 1Y
- 6.00%
- 3Y*
- 7.46%
- 5Y*
- 4.57%
- 10Y*
- —
CAGS.TO vs. RUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 1.21% | 3.95% | 6.07% | 5.02% | -4.30% | -1.22% | 4.47% | 4.33% | 1.41% | -0.18% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.15% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 2.36% | 7.83% | -0.13% |
Correlation
The correlation between CAGS.TO and RUSB.TO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2017 | 0.09 |
The correlation between CAGS.TO and RUSB.TO shifts across timeframes, from -0.03 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CAGS.TO vs. RUSB.TO — Risk / Return Rank
CAGS.TO
RUSB.TO
CAGS.TO vs. RUSB.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 RBC Short Term U.S. Corporate Bond ETF (RUSB.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 | RUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.67 | +0.86 |
| Martin ratioReturn relative to average drawdown | 7.65 | 3.65 | +3.99 |
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Drawdowns
CAGS.TO vs. RUSB.TO - Drawdown Comparison
The maximum CAGS.TO drawdown since its inception was -11.60%, smaller than the maximum RUSB.TO drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for CAGS.TO and RUSB.TO.
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Drawdown Indicators
| CAGS.TO | RUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -14.28% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -3.60% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -1.33% | -5.26% | +3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -7.58% | -8.10% | +0.52% |
Current DrawdownCurrent decline from peak | -0.25% | -1.72% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -4.11% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.64% | -1.20% |
Volatility
CAGS.TO vs. RUSB.TO - Volatility Comparison
The current volatility for CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) is 0.71%, while RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a volatility of 1.78%. This indicates that CAGS.TO experiences smaller price fluctuations and is considered to be less risky than RUSB.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 | RUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 1.78% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 4.13% | -2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.07% | 6.37% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 6.95% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 6.95% | -2.32% |
Dividends
CAGS.TO vs. RUSB.TO - Dividend Comparison
CAGS.TO's dividend yield for the trailing twelve months is around 3.28%, less than RUSB.TO's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 3.28% | 3.16% | 3.37% | 2.62% | 2.61% | 1.96% | 2.59% | 2.83% | 2.72% | 1.06% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
Frequently Asked Questions
CAGS.TO and RUSB.TO have a correlation of -0.03, 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 RBC.
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