CBH.TO vs. MFT.TO
CBH.TO (iShares 1-10 Year Laddered Corporate Bond Index ETF) and MFT.TO (Mackenzie Floating Rate Income ETF) are both Corporate Bonds funds. CBH.TO is passively managed, while MFT.TO is actively managed. Over the past 10 years, CBH.TO returned 2.27%/yr vs 4.32%/yr for MFT.TO. At a 0.05 correlation, their price movements are largely independent.
Performance
CBH.TO vs. MFT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CBH.TO achieves a 1.13% return, which is significantly lower than MFT.TO's 3.12% return. Over the past 10 years, CBH.TO has underperformed MFT.TO with an annualized return of 2.27%, while MFT.TO has yielded a comparatively higher 4.32% annualized return.
CBH.TO
- 1D
- 0.00%
- 1M
- -0.27%
- 6M
- 0.68%
- YTD
- 1.13%
- 1Y
- 4.00%
- 3Y*
- 5.53%
- 5Y*
- 2.08%
- 10Y*
- 2.27%
MFT.TO
- 1D
- 0.38%
- 1M
- 0.92%
- 6M
- 2.86%
- YTD
- 3.12%
- 1Y
- 2.89%
- 3Y*
- 5.69%
- 5Y*
- 3.83%
- 10Y*
- 4.32%
CBH.TO vs. MFT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBH.TO iShares 1-10 Year Laddered Corporate Bond Index ETF | 1.13% | 4.60% | 6.19% | 6.48% | -6.85% | -2.08% | 7.99% | 5.62% | 0.92% | 0.65% |
MFT.TO Mackenzie Floating Rate Income ETF | 3.12% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | -0.64% | 6.00% | 2.29% | 5.89% |
Correlation
The correlation between CBH.TO and MFT.TO is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2016 | 0.05 |
The correlation between CBH.TO and MFT.TO shifts across timeframes, from -0.10 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CBH.TO vs. MFT.TO — Risk / Return Rank
CBH.TO
MFT.TO
CBH.TO vs. MFT.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 Mackenzie Floating Rate Income ETF (MFT.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.
| CBH.TO | MFT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 2.19 | -0.31 |
| Martin ratioReturn relative to average drawdown | 5.63 | 5.24 | +0.39 |
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Drawdowns
CBH.TO vs. MFT.TO - Drawdown Comparison
The maximum CBH.TO drawdown since its inception was -16.36%, smaller than the maximum MFT.TO drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for CBH.TO and MFT.TO.
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Drawdown Indicators
| CBH.TO | MFT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.36% | -20.87% | +4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -1.33% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -2.14% | -3.40% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -10.50% | -7.45% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -20.87% | +4.51% |
Current DrawdownCurrent decline from peak | -0.61% | 0.00% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -1.38% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.55% | +0.16% |
Volatility
CBH.TO vs. MFT.TO - Volatility Comparison
iShares 1-10 Year Laddered Corporate Bond Index ETF (CBH.TO) and Mackenzie Floating Rate Income ETF (MFT.TO) have volatilities of 0.83% and 0.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBH.TO | MFT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.86% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.26% | 1.84% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 2.60% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 3.72% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 5.10% | +1.37% |
Dividends
CBH.TO vs. MFT.TO - Dividend Comparison
CBH.TO's dividend yield for the trailing twelve months is around 3.39%, less than MFT.TO's 8.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBH.TO iShares 1-10 Year Laddered Corporate Bond Index ETF | 3.39% | 3.32% | 3.21% | 3.28% | 3.17% | 2.91% | 2.92% | 3.33% | 3.65% | 3.82% | 2.59% | 2.94% |
MFT.TO Mackenzie Floating Rate Income ETF | 8.24% | 8.57% | 9.44% | 10.40% | 6.26% | 3.89% | 6.18% | 6.97% | 6.14% | 4.84% | 3.94% | 0.00% |
Frequently Asked Questions
CBH.TO and MFT.TO have a correlation of -0.10, 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: iShares and Mackenzie.
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