CBH.TO vs. CACB.TO
CBH.TO (iShares 1-10 Year Laddered Corporate Bond Index ETF) and CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. CBH.TO is passively managed, while CACB.TO is actively managed. Over the past 5 years, CBH.TO returned 2.14%/yr vs 3.23%/yr for CACB.TO. At a 0.47 correlation, their price movements are largely independent. CBH.TO charges 0.28%/yr vs 0.40%/yr for CACB.TO.
Performance
CBH.TO vs. CACB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CBH.TO achieves a 1.18% return, which is significantly lower than CACB.TO's 1.47% return.
CBH.TO
- 1D
- -0.11%
- 1M
- 1.07%
- YTD
- 1.18%
- 6M
- 1.01%
- 1Y
- 3.41%
- 3Y*
- 5.43%
- 5Y*
- 2.14%
- 10Y*
- 2.41%
CACB.TO
- 1D
- -0.50%
- 1M
- 1.27%
- YTD
- 1.47%
- 6M
- 1.44%
- 1Y
- 4.24%
- 3Y*
- 6.44%
- 5Y*
- 3.23%
- 10Y*
- —
CBH.TO vs. CACB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CBH.TO iShares 1-10 Year Laddered Corporate Bond Index ETF | 1.18% | 4.60% | 6.19% | 6.48% | -6.85% | -2.08% | 7.99% | 3.55% |
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 1.47% | 4.34% | 7.21% | 10.68% | -8.04% | -0.64% | 12.31% | 7.89% |
Correlation
The correlation between CBH.TO and CACB.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.47 |
The correlation between CBH.TO and CACB.TO shifts across timeframes, from 0.47 (all time) to 0.60 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CBH.TO vs. CACB.TO — Risk / Return Rank
CBH.TO
CACB.TO
CBH.TO vs. CACB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-10 Year Laddered Corporate Bond Index ETF (CBH.TO) and CIBC Active Investment Grade Corporate Bond ETF (CACB.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.
| CBH.TO | CACB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.65 | -0.05 |
| Martin ratioReturn relative to average drawdown | 4.82 | 5.01 | -0.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBH.TO | CACB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 1.16 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.57 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.75 | -0.24 |
Drawdowns
CBH.TO vs. CACB.TO - Drawdown Comparison
The maximum CBH.TO drawdown since its inception was -16.36%, which is greater than CACB.TO's maximum drawdown of -12.97%. Use the drawdown chart below to compare losses from any high point for CBH.TO and CACB.TO.
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Drawdown Indicators
| CBH.TO | CACB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.36% | -12.97% | -3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -2.59% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -2.14% | -3.15% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -10.50% | -12.87% | +2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.50% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -2.52% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.85% | -0.14% |
Volatility
CBH.TO vs. CACB.TO - Volatility Comparison
The current volatility for iShares 1-10 Year Laddered Corporate Bond Index ETF (CBH.TO) is 1.08%, while CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) has a volatility of 1.48%. This indicates that CBH.TO experiences smaller price fluctuations and is considered to be less risky than CACB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBH.TO | CACB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.48% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 2.83% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 3.67% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.02% | 5.67% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 6.24% | +0.23% |
CBH.TO vs. CACB.TO - Expense Ratio Comparison
CBH.TO has a 0.28% expense ratio, which is lower than CACB.TO's 0.40% expense ratio.
Dividends
CBH.TO vs. CACB.TO - Dividend Comparison
CBH.TO's dividend yield for the trailing twelve months is around 3.36%, less than CACB.TO's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 4.42% | 4.46% | 4.24% | 5.48% | 4.97% | 4.64% | 4.58% | 4.60% | 0.00% | 0.00% | 0.00% | 0.00% |
CBH.TO iShares 1-10 Year Laddered Corporate Bond Index ETF | 3.36% | 3.32% | 3.21% | 3.28% | 3.17% | 2.91% | 2.92% | 3.33% | 3.65% | 3.82% | 3.86% | 3.90% |
Frequently Asked Questions
CBH.TO and CACB.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBH.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBH.TO is cheaper with a 0.28% expense ratio, compared with 0.40% for CACB.TO.
They also come from different issuers: iShares and CIBC. Their fees differ too: 0.28% for CBH.TO and 0.40% for CACB.TO.
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