CCBI.TO vs. RY.TO
Compare and contrast key facts about CIBC Canadian Bond Index ETF (CCBI.TO) and Royal Bank of Canada (RY.TO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CCBI.TO or RY.TO.
Correlation
The correlation between CCBI.TO and RY.TO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CCBI.TO vs. RY.TO - Performance Comparison
Key characteristics
CCBI.TO:
1.03
RY.TO:
2.42
CCBI.TO:
1.54
RY.TO:
3.63
CCBI.TO:
1.19
RY.TO:
1.46
CCBI.TO:
0.51
RY.TO:
5.81
CCBI.TO:
5.06
RY.TO:
14.79
CCBI.TO:
1.25%
RY.TO:
2.20%
CCBI.TO:
6.12%
RY.TO:
13.42%
CCBI.TO:
-17.72%
RY.TO:
-54.05%
CCBI.TO:
-5.36%
RY.TO:
-5.19%
Returns By Period
In the year-to-date period, CCBI.TO achieves a 0.13% return, which is significantly higher than RY.TO's -1.43% return.
CCBI.TO
0.13%
0.30%
1.30%
6.67%
N/A
N/A
RY.TO
-1.43%
-2.66%
11.63%
33.16%
13.66%
12.89%
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Risk-Adjusted Performance
CCBI.TO vs. RY.TO — Risk-Adjusted Performance Rank
CCBI.TO
RY.TO
CCBI.TO vs. RY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Canadian Bond Index ETF (CCBI.TO) and Royal Bank of Canada (RY.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.
Dividends
CCBI.TO vs. RY.TO - Dividend Comparison
CCBI.TO's dividend yield for the trailing twelve months is around 2.83%, less than RY.TO's 3.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCBI.TO CIBC Canadian Bond Index ETF | 2.83% | 2.85% | 2.78% | 2.60% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RY.TO Royal Bank of Canada | 3.36% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% | 3.54% |
Drawdowns
CCBI.TO vs. RY.TO - Drawdown Comparison
The maximum CCBI.TO drawdown since its inception was -17.72%, smaller than the maximum RY.TO drawdown of -54.05%. Use the drawdown chart below to compare losses from any high point for CCBI.TO and RY.TO. For additional features, visit the drawdowns tool.
Volatility
CCBI.TO vs. RY.TO - Volatility Comparison
The current volatility for CIBC Canadian Bond Index ETF (CCBI.TO) is 2.65%, while Royal Bank of Canada (RY.TO) has a volatility of 3.99%. This indicates that CCBI.TO experiences smaller price fluctuations and is considered to be less risky than RY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.