CFRN.TO vs. CSBG.NEO
CFRN.TO (CIBC Active Investment Grade Floating Rate Bond ETF) and CSBG.NEO (CIBC Sustainable Balanced Growth Solution ETF) are both exchange-traded funds - CFRN.TO is a Corporate Bonds fund actively managed by CIBC, while CSBG.NEO is a Diversified Portfolio fund actively managed by CIBC. Both are actively managed. Over the past 3 years, CFRN.TO returned 4.22%/yr vs 0.96%/yr for CSBG.NEO. At a 0.01 correlation, their price movements are largely independent.
Performance
CFRN.TO vs. CSBG.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, CFRN.TO achieves a 1.36% return, which is significantly higher than CSBG.NEO's 0.49% return.
CFRN.TO
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 1.31%
- YTD
- 1.36%
- 1Y
- 3.11%
- 3Y*
- 4.22%
- 5Y*
- 3.42%
- 10Y*
- —
CSBG.NEO
- 1D
- 0.00%
- 1M
- 0.49%
- 6M
- 0.49%
- YTD
- 0.49%
- 1Y
- 0.49%
- 3Y*
- 0.96%
- 5Y*
- —
- 10Y*
- —
CFRN.TO vs. CSBG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 1.36% | 3.32% | 5.21% | 5.83% | 1.40% | 0.08% |
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF | 0.49% | 0.00% | 1.17% | 1.22% | 0.27% | 2.60% |
Correlation
The correlation between CFRN.TO and CSBG.NEO is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | 0.01 |
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Return for Risk
CFRN.TO vs. CSBG.NEO — Risk / Return Rank
CFRN.TO
CSBG.NEO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CFRN.TO vs. CSBG.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.TO) and CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO). 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.
| CFRN.TO | CSBG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | — | — |
| Martin ratioReturn relative to average drawdown | 33.05 | — | — |
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Drawdowns
CFRN.TO vs. CSBG.NEO - Drawdown Comparison
The maximum CFRN.TO drawdown since its inception was -1.00%, which is greater than CSBG.NEO's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CFRN.TO and CSBG.NEO.
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Drawdown Indicators
| CFRN.TO | CSBG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.00% | 0.00% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | 0.00% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -0.66% | 0.00% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -1.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.15% | 0.00% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.00% | +0.09% |
Volatility
CFRN.TO vs. CSBG.NEO - Volatility Comparison
The current volatility for CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.TO) is 0.21%, while CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO) has a volatility of 0.49%. This indicates that CFRN.TO experiences smaller price fluctuations and is considered to be less risky than CSBG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFRN.TO | CSBG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.49% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | 0.49% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 0.49% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.10% | 1.11% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.78% | 1.11% | +0.67% |
Dividends
CFRN.TO vs. CSBG.NEO - Dividend Comparison
CFRN.TO's dividend yield for the trailing twelve months is around 3.17%, more than CSBG.NEO's 0.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 3.17% | 3.47% | 4.46% | 4.43% | 2.26% | 1.26% | 1.74% | 1.70% |
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF | 0.48% | 0.00% | 1.16% | 1.21% | 0.27% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CFRN.TO and CSBG.NEO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CFRN.TO is categorized as Corporate Bonds, while CSBG.NEO is Diversified Portfolio.
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