CCRV vs. CLF.TO
CCRV (iShares Commodity Curve Carry Strategy ETF) and CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) are both exchange-traded funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. At a correlation of -0.02, they often move in opposite directions. CCRV charges 0.40%/yr vs 0.17%/yr for CLF.TO.
Performance
CCRV vs. CLF.TO - Performance Comparison
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Different Trading Currencies
CCRV is traded in USD, while CLF.TO is traded in CAD. To make them comparable, the CLF.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
CCRV
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLF.TO
- 1D
- -0.34%
- 1M
- -1.44%
- YTD
- -1.11%
- 6M
- -0.34%
- 1Y
- 0.44%
- 3Y*
- 2.82%
- 5Y*
- -1.18%
- 10Y*
- 0.73%
CCRV vs. CLF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | -0.05% | 5.74% | 5.47% | 19.91% | 33.78% | 7.16% |
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | -1.11% | 8.31% | -3.36% | 7.12% | -9.71% | -1.22% | 2.64% |
Correlation
The correlation between CCRV and CLF.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020 | -0.02 |
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Return for Risk
CCRV vs. CLF.TO — Risk / Return Rank
CCRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CLF.TO
CCRV vs. CLF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.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.
| CCRV | CLF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.13 | — |
| Martin ratioReturn relative to average drawdown | — | 0.30 | — |
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Drawdowns
CCRV vs. CLF.TO - Drawdown Comparison
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Drawdown Indicators
| CCRV | CLF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -27.88% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.33% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.06% | — |
Current DrawdownCurrent decline from peak | — | -11.65% | — |
Average DrawdownAverage peak-to-trough decline | — | -12.27% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.44% | — |
Volatility
CCRV vs. CLF.TO - Volatility Comparison
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Volatility by Period
| CCRV | CLF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 4.78% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 7.02% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 7.41% | — |
CCRV vs. CLF.TO - Expense Ratio Comparison
CCRV has a 0.40% expense ratio, which is higher than CLF.TO's 0.17% expense ratio.
Dividends
CCRV vs. CLF.TO - Dividend Comparison
CCRV has not paid dividends to shareholders, while CLF.TO's dividend yield for the trailing twelve months is around 2.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | 0.00% | 4.43% | 7.26% | 33.27% | 26.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 2.25% | 2.22% | 2.22% | 2.23% | 2.10% | 1.98% | 2.15% | 2.46% | 2.67% | 2.91% | 3.12% | 3.29% |
Frequently Asked Questions
CCRV and CLF.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CLF.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CLF.TO is cheaper with a 0.17% expense ratio, compared with 0.40% for CCRV.
CCRV is categorized as Commodities, while CLF.TO is Canadian Government Bonds. CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index, while CLF.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.40% for CCRV and 0.17% for CLF.TO.
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