CPAG vs. XAGG.TO

Last updated Jun 5, 2026

CPAG (F/m Compoundr U.S. Aggregate Bond ETF) and XAGG.TO (iShares U.S. Aggregate Bond Index ETF) are both Total Bond Market funds - CPAG tracks the Nasdaq Compoundr U.S. Aggregate Bond Index while XAGG.TO tracks the Bloomberg US Aggregate Bond Index. Both are passively managed. A 0.55 correlation means they provide meaningful diversification when combined. CPAG charges 0.31%/yr vs 0.10%/yr for XAGG.TO.

Performance

CPAG vs. XAGG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m Compoundr U.S. Aggregate Bond ETF (CPAG) and iShares U.S. Aggregate Bond Index ETF (XAGG.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CPAG is traded in USD, while XAGG.TO is traded in CAD. To make them comparable, the XAGG.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CPAG achieves a 0.13% return, which is significantly lower than XAGG.TO's 0.16% return.

CPAG

• 1D: 0.14%
• 1M: 0.12%
• YTD: 0.13%
• 6M: 0.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XAGG.TO

• 1D: 0.61%
• 1M: 0.13%
• YTD: 0.16%
• 6M: 0.16%
• 1Y: 4.47%
• 3Y*: 3.80%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CPAG vs. XAGG.TO - Yearly Performance Comparison

	2026 (YTD)	2025
CPAG F/m Compoundr U.S. Aggregate Bond ETF	0.13%	2.22%
XAGG.TO iShares U.S. Aggregate Bond Index ETF	0.16%	2.59%

Correlation

The correlation between CPAG and XAGG.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 13, 2025	0.55

Return for Risk

CPAG vs. XAGG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XAGG.TO

XAGG.TO Risk / Return Rank: 39
XAGG.TO Sharpe Ratio Rank: 40
XAGG.TO Sortino Ratio Rank: 42
XAGG.TO Omega Ratio Rank: 40
XAGG.TO Calmar Ratio Rank: 42
XAGG.TO Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPAG vs. XAGG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for F/m Compoundr U.S. Aggregate Bond ETF (CPAG) and iShares U.S. Aggregate Bond Index ETF (XAGG.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CPAG	XAGG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	-0.10	+0.89

Drawdowns

CPAG vs. XAGG.TO - Drawdown Comparison

The maximum CPAG drawdown since its inception was -2.78%, smaller than the maximum XAGG.TO drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for CPAG and XAGG.TO.

Drawdown Indicators

	CPAG	XAGG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-2.78%	-17.29%	+14.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.46%	—
Current Drawdown Current decline from peak	-1.54%	-2.02%	+0.48%
Average Drawdown Average peak-to-trough decline	-0.74%	-7.29%	+6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.03%	—

Volatility

Volatility by Period

	CPAG	XAGG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.67%	4.73%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.67%	8.31%	-4.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.67%	8.31%	-4.64%

CPAG vs. XAGG.TO - Expense Ratio Comparison

CPAG has a 0.31% expense ratio, which is higher than XAGG.TO's 0.10% expense ratio.

Dividends

CPAG vs. XAGG.TO - Dividend Comparison

CPAG has not paid dividends to shareholders, while XAGG.TO's dividend yield for the trailing twelve months is around 4.07%.

Position	TTM	2025	2024	2023	2022	2021
CPAG F/m Compoundr U.S. Aggregate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XAGG.TO iShares U.S. Aggregate Bond Index ETF	4.07%	3.86%	3.07%	2.59%	1.67%	1.04%

Frequently Asked Questions

Can I hold both CPAG and XAGG.TO in my portfolio?

CPAG and XAGG.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPAG or XAGG.TO?

On fees, XAGG.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPAG or XAGG.TO?

XAGG.TO is cheaper with a 0.10% expense ratio, compared with 0.31% for CPAG.

What is the main difference between CPAG and XAGG.TO?

CPAG tracks Nasdaq Compoundr U.S. Aggregate Bond Index, while XAGG.TO tracks Bloomberg US Aggregate Bond Index. They also come from different issuers: F/m Investments and iShares. Their fees differ too: 0.31% for CPAG and 0.10% for XAGG.TO.