CLF.TO vs. FTHRX
CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) and FTHRX (Fidelity Intermediate Bond Fund) are both funds - CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while FTHRX is a Intermediate Core Bond fund actively managed by Fidelity. CLF.TO is passively managed, while FTHRX is actively managed. Over the past 10 years, CLF.TO returned 1.60%/yr vs 2.89%/yr for FTHRX. At a 0.25 correlation, their price movements are largely independent. CLF.TO charges 0.17%/yr vs 0.45%/yr for FTHRX.
Performance
CLF.TO vs. FTHRX - Performance Comparison
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Different Trading Currencies
CLF.TO is traded in CAD, while FTHRX is traded in USD. To make them comparable, the FTHRX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CLF.TO achieves a 1.00% return, which is significantly lower than FTHRX's 1.99% return. Over the past 10 years, CLF.TO has underperformed FTHRX with an annualized return of 1.60%, while FTHRX has yielded a comparatively higher 2.89% annualized return.
CLF.TO
- 1D
- -0.06%
- 1M
- 0.88%
- YTD
- 1.00%
- 6M
- 1.19%
- 1Y
- 2.80%
- 3Y*
- 4.39%
- 5Y*
- 1.74%
- 10Y*
- 1.60%
FTHRX
- 1D
- 0.24%
- 1M
- 2.35%
- YTD
- 1.99%
- 6M
- 1.85%
- 1Y
- 6.61%
- 3Y*
- 6.14%
- 5Y*
- 3.93%
- 10Y*
- 2.89%
CLF.TO vs. FTHRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 1.00% | 3.36% | 4.82% | 4.58% | -3.98% | -1.27% | 4.82% | 2.47% | 1.68% | -0.49% |
FTHRX Fidelity Intermediate Bond Fund | 1.99% | 2.01% | 11.99% | 3.04% | -3.41% | -1.65% | 4.52% | 2.79% | 8.97% | -4.62% |
Correlation
The correlation between CLF.TO and FTHRX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2008 | 0.25 |
The correlation between CLF.TO and FTHRX shifts across timeframes, from 0.25 (all time) to 0.38 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CLF.TO vs. FTHRX — Risk / Return Rank
CLF.TO
FTHRX
CLF.TO vs. FTHRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) and Fidelity Intermediate Bond Fund (FTHRX). 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.
| CLF.TO | FTHRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.50 | +0.58 |
| Martin ratioReturn relative to average drawdown | 5.87 | 3.35 | +2.52 |
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Drawdowns
CLF.TO vs. FTHRX - Drawdown Comparison
The maximum CLF.TO drawdown since its inception was -6.91%, smaller than the maximum FTHRX drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for CLF.TO and FTHRX.
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Drawdown Indicators
| CLF.TO | FTHRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.91% | -24.85% | +17.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -4.06% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.40% | -5.50% | +4.10% |
Max Drawdown (5Y)Largest decline over 5 years | -6.80% | -10.17% | +3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -6.91% | -15.58% | +8.67% |
Current DrawdownCurrent decline from peak | -0.17% | -0.79% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -6.12% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | 1.81% | -1.33% |
Volatility
CLF.TO vs. FTHRX - Volatility Comparison
The current volatility for iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) is 0.67%, while Fidelity Intermediate Bond Fund (FTHRX) has a volatility of 1.07%. This indicates that CLF.TO experiences smaller price fluctuations and is considered to be less risky than FTHRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLF.TO | FTHRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 1.07% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 1.49% | 3.60% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 5.35% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 7.40% | -4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 7.31% | -3.95% |
CLF.TO vs. FTHRX - Expense Ratio Comparison
CLF.TO has a 0.17% expense ratio, which is lower than FTHRX's 0.45% expense ratio.
Dividends
CLF.TO vs. FTHRX - Dividend Comparison
CLF.TO's dividend yield for the trailing twelve months is around 2.25%, less than FTHRX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FTHRX Fidelity Intermediate Bond Fund | 3.69% | 3.59% | 3.49% | 2.94% | 1.55% | 1.53% | 4.16% | 2.49% | 2.48% | 2.20% | 2.63% | 2.13% |
Frequently Asked Questions
CLF.TO and FTHRX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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