CGHY.TO vs. XFLI.TO
CGHY.TO (CI High Yield Bond Private Pool ETF C$ Series) and XFLI.TO (iShares Flexible Monthly Income ETF CAD) are both High Yield Bonds funds. Both are actively managed. Over the past year, CGHY.TO returned 5.79% vs 6.40% for XFLI.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
CGHY.TO vs. XFLI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CGHY.TO achieves a 2.66% return, which is significantly lower than XFLI.TO's 3.03% return.
CGHY.TO
- 1D
- 0.29%
- 1M
- 0.03%
- 6M
- 1.98%
- YTD
- 2.66%
- 1Y
- 5.79%
- 3Y*
- 8.38%
- 5Y*
- 9.33%
- 10Y*
- 6.42%
XFLI.TO
- 1D
- -0.30%
- 1M
- -0.67%
- 6M
- 1.29%
- YTD
- 3.03%
- 1Y
- 6.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGHY.TO vs. XFLI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CGHY.TO CI High Yield Bond Private Pool ETF C$ Series | 2.66% | 6.19% | 1.92% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 3.03% | 2.07% | 6.23% |
Correlation
The correlation between CGHY.TO and XFLI.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024 | 0.19 |
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Return for Risk
CGHY.TO vs. XFLI.TO — Risk / Return Rank
CGHY.TO
XFLI.TO
CGHY.TO vs. XFLI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI High Yield Bond Private Pool ETF C$ Series (CGHY.TO) and iShares Flexible Monthly Income ETF CAD (XFLI.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.
| CGHY.TO | XFLI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.55 | +1.13 |
| Martin ratioReturn relative to average drawdown | 8.35 | 3.30 | +5.05 |
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Drawdowns
CGHY.TO vs. XFLI.TO - Drawdown Comparison
The maximum CGHY.TO drawdown since its inception was -24.44%, which is greater than XFLI.TO's maximum drawdown of -6.92%. Use the drawdown chart below to compare losses from any high point for CGHY.TO and XFLI.TO.
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Drawdown Indicators
| CGHY.TO | XFLI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.44% | -6.92% | -17.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.18% | -4.15% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.44% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -2.23% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -2.05% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.95% | -1.25% |
Volatility
CGHY.TO vs. XFLI.TO - Volatility Comparison
The current volatility for CI High Yield Bond Private Pool ETF C$ Series (CGHY.TO) is 1.46%, while iShares Flexible Monthly Income ETF CAD (XFLI.TO) has a volatility of 2.20%. This indicates that CGHY.TO experiences smaller price fluctuations and is considered to be less risky than XFLI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGHY.TO | XFLI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 2.20% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 5.79% | 4.50% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.76% | 5.61% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 6.33% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 6.33% | +6.62% |
Dividends
CGHY.TO vs. XFLI.TO - Dividend Comparison
CGHY.TO's dividend yield for the trailing twelve months is around 5.05%, less than XFLI.TO's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGHY.TO CI High Yield Bond Private Pool ETF C$ Series | 5.05% | 5.40% | 4.99% | 5.14% | 5.08% | 6.32% | 6.08% | 5.65% | 5.91% | 5.45% | 5.57% | 4.73% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 5.45% | 5.69% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CGHY.TO and XFLI.TO have a correlation of 0.20, 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: CI Global Asset Management and iShares.
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