CSAV.TO vs. FSB.TO
CSAV.TO (CI High Interest Savings ETF) and FSB.TO (CI Enhanced Short Duration Bond Fund) are both exchange-traded funds - CSAV.TO is a Money Market fund actively managed by CI, while FSB.TO is a Short-Term Bond fund actively managed by CI. Both are actively managed. Over the past 5 years, CSAV.TO returned 3.13%/yr vs 2.51%/yr for FSB.TO. Their 0.01 correlation means their historical movements had little consistent relationship. CSAV.TO charges 0.15%/yr vs 0.73%/yr for FSB.TO.
Performance
CSAV.TO vs. FSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CSAV.TO achieves a 1.18% return, which is significantly higher than FSB.TO's 1.09% return.
CSAV.TO
- 1D
- 0.02%
- 1M
- 0.15%
- 6M
- 1.01%
- YTD
- 1.18%
- 1Y
- 2.17%
- 3Y*
- 3.44%
- 5Y*
- 3.13%
- 10Y*
- —
- ALL TIME*
- 2.53%
FSB.TO
- 1D
- -0.11%
- 1M
- -0.29%
- 6M
- 0.54%
- YTD
- 1.09%
- 1Y
- 2.45%
- 3Y*
- 4.19%
- 5Y*
- 2.51%
- 10Y*
- —
- ALL TIME*
- 2.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | CA$1.49M | CA$1.26M | CA$1.48M |
| CA$70.38K | CA$51.61K | CA$80.24K |
CSAV.TO vs. FSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 1.18% | 2.54% | 4.43% | 5.04% | 2.29% | 0.55% | 0.92% | 1.14% |
FSB.TO CI Enhanced Short Duration Bond Fund | 1.09% | 3.84% | 4.40% | 5.21% | -1.97% | 0.67% | 4.09% | 1.32% |
Correlation
The correlation between CSAV.TO and FSB.TO is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.01 |
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Return for Risk
CSAV.TO vs. FSB.TO — Risk / Return Rank
CSAV.TO
FSB.TO
CSAV.TO vs. FSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI High Interest Savings ETF (CSAV.TO) and CI Enhanced Short Duration Bond Fund (FSB.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.
| CSAV.TO | FSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.62 | ||
| Sortino ratioReturn per unit of downside risk | +18.21 | ||
| Omega ratioGain probability vs. loss probability | 4.54 | 1.18 | +3.36 |
| Calmar ratioReturn relative to maximum drawdown | 108.77 | 2.91 | +105.86 |
| Martin ratioReturn relative to average drawdown | 301.45 | 10.97 | +290.47 |
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Drawdowns
CSAV.TO vs. FSB.TO - Drawdown Comparison
The maximum CSAV.TO drawdown since its inception was -0.02%, smaller than the maximum FSB.TO drawdown of -5.94%. Use the drawdown chart below to compare losses from any high point for CSAV.TO and FSB.TO.
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Drawdown Indicators
| CSAV.TO | FSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.02% | -5.94% | +5.92% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -0.81% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -0.02% | -1.24% | +1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -0.02% | -3.99% | +3.97% |
Current DrawdownCurrent decline from peak | 0.00% | -0.50% | +0.50% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.47% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.21% | -0.20% |
Volatility
CSAV.TO vs. FSB.TO - Volatility Comparison
The current volatility for CI High Interest Savings ETF (CSAV.TO) is 0.07%, while CI Enhanced Short Duration Bond Fund (FSB.TO) has a volatility of 0.62%. This indicates that CSAV.TO experiences smaller price fluctuations and is considered to be less risky than FSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSAV.TO | FSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 0.62% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | 1.67% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.25% | 2.36% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.28% | 2.63% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.27% | 2.61% | -2.34% |
CSAV.TO vs. FSB.TO - Expense Ratio Comparison
CSAV.TO has a 0.15% expense ratio, which is lower than FSB.TO's 0.73% expense ratio.
Dividends
CSAV.TO vs. FSB.TO - Dividend Comparison
CSAV.TO's dividend yield for the trailing twelve months is around 2.16%, less than FSB.TO's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CSAV.TO CI High Interest Savings ETF | 2.16% | 2.53% | 4.40% | 4.90% | 2.15% | 0.57% | 0.89% | 1.14% | 0.00% | 0.00% |
FSB.TO CI Enhanced Short Duration Bond Fund | 4.04% | 3.99% | 3.98% | 3.99% | 2.25% | 1.87% | 2.68% | 2.42% | 2.44% | 1.20% |
Frequently Asked Questions
CSAV.TO and FSB.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.
On fees, CSAV.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSAV.TO is cheaper with a 0.15% expense ratio, compared with 0.73% for FSB.TO.
CSAV.TO is categorized as Money Market, while FSB.TO is Short-Term Bond. Their fees differ too: 0.15% for CSAV.TO and 0.73% for FSB.TO.
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