CAGS.TO vs. VSC.TO
CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) and VSC.TO (Vanguard Canadian Short-Term Corporate Bond Index ETF) are both Short-Term Bond funds. Over the past 5 years, CAGS.TO returned 2.12%/yr vs 2.72%/yr for VSC.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
CAGS.TO vs. VSC.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 VSC.TO's 1.56% 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*
- —
VSC.TO
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.56%
- 6M
- 1.52%
- 1Y
- 3.66%
- 3Y*
- 5.70%
- 5Y*
- 2.72%
- 10Y*
- 2.67%
CAGS.TO vs. VSC.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 | 1.42% | 3.95% | 6.07% | 5.02% | -4.30% | -1.22% | 4.47% | 4.33% | 1.41% | 0.49% |
VSC.TO Vanguard Canadian Short-Term Corporate Bond Index ETF | 1.56% | 4.32% | 6.10% | 6.75% | -4.23% | -0.97% | 6.27% | 4.72% | 1.19% | 0.61% |
Correlation
The correlation between CAGS.TO and VSC.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2017 | 0.20 |
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Return for Risk
CAGS.TO vs. VSC.TO — Risk / Return Rank
CAGS.TO
VSC.TO
CAGS.TO vs. VSC.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 Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.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 | VSC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.40 | -0.06 |
| Martin ratioReturn relative to average drawdown | 7.01 | 9.64 | -2.63 |
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Drawdowns
CAGS.TO vs. VSC.TO - Drawdown Comparison
The maximum CAGS.TO drawdown since its inception was -11.60%, smaller than the maximum VSC.TO drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for CAGS.TO and VSC.TO.
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Drawdown Indicators
| CAGS.TO | VSC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.60% | -15.87% | +4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -1.53% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.33% | -1.53% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -7.58% | -7.68% | +0.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.87% | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.46% | -0.97% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.38% | +0.06% |
Volatility
CAGS.TO vs. VSC.TO - Volatility Comparison
The current volatility for CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) is 0.51%, while Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.TO) has a volatility of 0.55%. This indicates that CAGS.TO experiences smaller price fluctuations and is considered to be less risky than VSC.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 | VSC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.51% | 0.55% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 1.53% | 1.60% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 2.00% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.76% | 2.75% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.63% | 5.15% | -0.52% |
Dividends
CAGS.TO vs. VSC.TO - Dividend Comparison
CAGS.TO's dividend yield for the trailing twelve months is around 3.27%, less than VSC.TO's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VSC.TO Vanguard Canadian Short-Term Corporate Bond Index ETF | 3.68% | 3.32% | 2.99% | 3.14% | 2.85% | 2.59% | 2.64% | 2.71% | 2.77% | 2.75% | 2.89% | 3.05% |
Frequently Asked Questions
CAGS.TO and VSC.TO have a correlation of 0.20, 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 Vanguard.
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