CXF.TO vs. CCOM.TO
CXF.TO (CI Canadian Convertible Bond ETF) and CCOM.TO (CI Auspice Broad Commodity Fund ETF Hedged Units) are both exchange-traded funds - CXF.TO is a Convertible Bonds fund actively managed by CI, while CCOM.TO is a Commodities fund tracking the Auspice Broad Commodity Excess Return Index. CXF.TO is actively managed, while CCOM.TO is passively managed. Over the past 3 years, CXF.TO returned 8.56%/yr vs 6.26%/yr for CCOM.TO. At a correlation of -0.01, they often move in opposite directions.
Performance
CXF.TO vs. CCOM.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CXF.TO achieves a 1.52% return, which is significantly lower than CCOM.TO's 10.49% return.
CXF.TO
- 1D
- -0.47%
- 1M
- 0.95%
- YTD
- 1.52%
- 6M
- 1.43%
- 1Y
- 9.48%
- 3Y*
- 8.56%
- 5Y*
- 5.34%
- 10Y*
- 6.01%
CCOM.TO
- 1D
- 0.26%
- 1M
- -3.91%
- YTD
- 10.49%
- 6M
- 9.70%
- 1Y
- 19.51%
- 3Y*
- 6.26%
- 5Y*
- —
- 10Y*
- —
CXF.TO vs. CCOM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CXF.TO CI Canadian Convertible Bond ETF | 1.52% | 9.05% | 19.64% | 1.36% | 1.60% |
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units | 10.49% | 6.96% | 5.90% | -2.46% | 1.40% |
Correlation
The correlation between CXF.TO and CCOM.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2022 | -0.01 |
The correlation between CXF.TO and CCOM.TO shifts across timeframes, from -0.01 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CXF.TO vs. CCOM.TO — Risk / Return Rank
CXF.TO
CCOM.TO
CXF.TO vs. CCOM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Canadian Convertible Bond ETF (CXF.TO) and CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.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.
| CXF.TO | CCOM.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.54 | -0.02 |
| Martin ratioReturn relative to average drawdown | 5.22 | 8.33 | -3.11 |
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Drawdowns
CXF.TO vs. CCOM.TO - Drawdown Comparison
The maximum CXF.TO drawdown since its inception was -31.03%, which is greater than CCOM.TO's maximum drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for CXF.TO and CCOM.TO.
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Drawdown Indicators
| CXF.TO | CCOM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -9.79% | -21.24% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -7.73% | +3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | -8.18% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -12.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -7.49% | +6.93% |
Average DrawdownAverage peak-to-trough decline | -2.96% | -3.04% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.35% | -0.53% |
Volatility
CXF.TO vs. CCOM.TO - Volatility Comparison
CI Canadian Convertible Bond ETF (CXF.TO) has a higher volatility of 3.27% compared to CI Auspice Broad Commodity Fund ETF Hedged Units (CCOM.TO) at 2.45%. This indicates that CXF.TO's price experiences larger fluctuations and is considered to be riskier than CCOM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXF.TO | CCOM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 2.45% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 8.46% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 10.04% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 8.43% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 8.43% | +5.87% |
Dividends
CXF.TO vs. CCOM.TO - Dividend Comparison
CXF.TO's dividend yield for the trailing twelve months is around 4.52%, less than CCOM.TO's 13.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCOM.TO CI Auspice Broad Commodity Fund ETF Hedged Units | 13.61% | 3.48% | 6.99% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CXF.TO CI Canadian Convertible Bond ETF | 4.52% | 4.48% | 4.75% | 5.31% | 5.11% | 4.70% | 4.79% | 4.86% | 5.32% | 4.82% | 4.79% | 5.17% |
Frequently Asked Questions
CXF.TO and CCOM.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CXF.TO is categorized as Convertible Bonds, while CCOM.TO is Commodities.
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