CFRN.TO vs. RUSB.TO
CFRN.TO (CIBC Active Investment Grade Floating Rate Bond ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both exchange-traded funds - CFRN.TO is a Corporate Bonds fund actively managed by CIBC, while RUSB.TO is a Short-Term Bond fund actively managed by RBC. Both are actively managed. Over the past 5 years, CFRN.TO returned 3.42%/yr vs 4.61%/yr for RUSB.TO. At a 0.01 correlation, their price movements are largely independent.
Performance
CFRN.TO vs. RUSB.TO - 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 lower than RUSB.TO's 3.34% 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*
- —
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
CFRN.TO vs. RUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 1.36% | 3.32% | 5.21% | 5.83% | 1.40% | 0.25% | 1.04% | 1.97% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 5.25% |
Correlation
The correlation between CFRN.TO and RUSB.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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.01 |
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Return for Risk
CFRN.TO vs. RUSB.TO — Risk / Return Rank
CFRN.TO
RUSB.TO
CFRN.TO vs. RUSB.TO - 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 RBC Short Term U.S. Corporate Bond ETF (RUSB.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.
| CFRN.TO | RUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.22 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 6.91 | 1.81 | +5.09 |
| Martin ratioReturn relative to average drawdown | 33.05 | 3.97 | +29.08 |
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Drawdowns
CFRN.TO vs. RUSB.TO - Drawdown Comparison
The maximum CFRN.TO drawdown since its inception was -1.00%, smaller than the maximum RUSB.TO drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for CFRN.TO and RUSB.TO.
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Drawdown Indicators
| CFRN.TO | RUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.00% | -14.28% | +13.28% |
Max Drawdown (1Y)Largest decline over 1 year | -0.45% | -3.60% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -0.66% | -5.26% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -1.00% | -8.10% | +7.10% |
Current DrawdownCurrent decline from peak | 0.00% | -1.54% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -0.15% | -4.11% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.64% | -1.55% |
Volatility
CFRN.TO vs. RUSB.TO - Volatility Comparison
The current volatility for CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.TO) is 0.21%, while RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a volatility of 2.05%. This indicates that CFRN.TO experiences smaller price fluctuations and is considered to be less risky than RUSB.TO 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 | RUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 2.05% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | 4.25% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.34% | 6.45% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.10% | 7.05% | -4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.78% | 6.96% | -5.18% |
Dividends
CFRN.TO vs. RUSB.TO - Dividend Comparison
CFRN.TO's dividend yield for the trailing twelve months is around 3.17%, less than RUSB.TO's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
Frequently Asked Questions
CFRN.TO and RUSB.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.
CFRN.TO is categorized as Corporate Bonds, while RUSB.TO is Short-Term Bond. They also come from different issuers: CIBC and RBC.
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