CSBG.NEO vs. CAEM.TO

Last updated Jul 16, 2026

CSBG.NEO (CIBC Sustainable Balanced Growth Solution ETF) and CAEM.TO (Avantis CIBC Emerging Markets Equity ETF) are both exchange-traded funds - CSBG.NEO is a Diversified Portfolio fund actively managed by CIBC, while CAEM.TO is a Emerging Markets Equities fund actively managed by CIBC. Both are actively managed. At a 0.11 correlation, their price movements are largely independent.

Performance

CSBG.NEO vs. CAEM.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO) and Avantis CIBC Emerging Markets Equity ETF (CAEM.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CSBG.NEO

• 1D: 0.00%
• 1M: 0.49%
• 6M: 0.49%
• YTD: 0.49%
• 1Y: 0.49%
• 3Y*: 0.96%
• 5Y*: —
• 10Y*: —

CAEM.TO

• 1D: -0.53%
• 1M: -6.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSBG.NEO vs. CAEM.TO - Yearly Performance Comparison

	2026 (YTD)
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF	0.49%
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	14.19%

Correlation

The correlation between CSBG.NEO and CAEM.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.11

Return for Risk

CSBG.NEO vs. CAEM.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO) and Avantis CIBC Emerging Markets Equity ETF (CAEM.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.

	CSBG.NEO	CAEM.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	—	—	—
Omega ratio: Gain probability vs. loss probability	—	—	—
Calmar ratio: Return relative to maximum drawdown	—	—	—
Martin ratio: Return relative to average drawdown	—	—	—

Drawdowns

CSBG.NEO vs. CAEM.TO - Drawdown Comparison

The maximum CSBG.NEO drawdown since its inception was 0.00%, smaller than the maximum CAEM.TO drawdown of -8.71%. Use the drawdown chart below to compare losses from any high point for CSBG.NEO and CAEM.TO.

Drawdown Indicators

	CSBG.NEO	CAEM.TO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-8.71%	+8.71%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	0.00%	—	—
Current Drawdown Current decline from peak	0.00%	-8.59%	+8.59%
Average Drawdown Average peak-to-trough decline	0.00%	-2.07%	+2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	—	—

Volatility

Volatility by Period

	CSBG.NEO	CAEM.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.49%	26.89%	-26.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.11%	26.89%	-25.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.11%	26.89%	-25.78%

Dividends

CSBG.NEO vs. CAEM.TO - Dividend Comparison

CSBG.NEO's dividend yield for the trailing twelve months is around 0.48%, less than CAEM.TO's 0.67% yield.

Position	TTM	2025	2024	2023	2022
CAEM.TO Avantis CIBC Emerging Markets Equity ETF	0.67%	0.00%	0.00%	0.00%	0.00%
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF	0.48%	0.00%	1.16%	1.21%	0.27%

Frequently Asked Questions

Can I hold both CSBG.NEO and CAEM.TO in my portfolio?

CSBG.NEO and CAEM.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between CSBG.NEO and CAEM.TO?

CSBG.NEO is categorized as Diversified Portfolio, while CAEM.TO is Emerging Markets Equities.