DCS.TO vs. CAGS.TO
DCS.TO (Desjardins Canadian Short Term Bond Index ETF) and CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) are both Short-Term Bond funds. Over the past 5 years, DCS.TO returned 2.13%/yr vs 2.15%/yr for CAGS.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
DCS.TO vs. CAGS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCS.TO achieves a 1.16% return, which is significantly lower than CAGS.TO's 1.23% return.
DCS.TO
- 1D
- 0.10%
- 1M
- -0.06%
- 6M
- 0.84%
- YTD
- 1.16%
- 1Y
- 3.08%
- 3Y*
- 4.74%
- 5Y*
- 2.13%
- 10Y*
- —
CAGS.TO
- 1D
- 0.15%
- 1M
- -0.10%
- 6M
- 1.00%
- YTD
- 1.23%
- 1Y
- 3.19%
- 3Y*
- 5.04%
- 5Y*
- 2.15%
- 10Y*
- —
DCS.TO vs. CAGS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 1.16% | 3.51% | 5.74% | 4.72% | -4.00% | -0.81% | 4.93% | 3.23% | 0.76% | 0.69% |
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 1.23% | 3.95% | 6.07% | 5.02% | -4.30% | -1.22% | 4.47% | 4.33% | 1.41% | 0.49% |
Correlation
The correlation between DCS.TO and CAGS.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2017 | 0.39 |
The correlation between DCS.TO and CAGS.TO shifts across timeframes, from 0.26 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DCS.TO vs. CAGS.TO — Risk / Return Rank
DCS.TO
CAGS.TO
DCS.TO vs. CAGS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Short Term Bond Index ETF (DCS.TO) and CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.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.
| DCS.TO | CAGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.40 | +0.05 |
| Martin ratioReturn relative to average drawdown | 7.99 | 7.27 | +0.72 |
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Drawdowns
DCS.TO vs. CAGS.TO - Drawdown Comparison
The maximum DCS.TO drawdown since its inception was -7.05%, smaller than the maximum CAGS.TO drawdown of -11.60%. Use the drawdown chart below to compare losses from any high point for DCS.TO and CAGS.TO.
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Drawdown Indicators
| DCS.TO | CAGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.05% | -11.60% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.26% | -1.33% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -1.26% | -1.33% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -6.26% | -7.58% | +1.32% |
Current DrawdownCurrent decline from peak | -0.21% | -0.23% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -1.45% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.44% | -0.05% |
Volatility
DCS.TO vs. CAGS.TO - Volatility Comparison
The current volatility for Desjardins Canadian Short Term Bond Index ETF (DCS.TO) is 0.48%, while CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) has a volatility of 0.71%. This indicates that DCS.TO experiences smaller price fluctuations and is considered to be less risky than CAGS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCS.TO | CAGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 0.71% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 1.62% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.90% | 2.07% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.50% | 2.76% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.64% | 4.63% | -1.99% |
Dividends
DCS.TO vs. CAGS.TO - Dividend Comparison
DCS.TO's dividend yield for the trailing twelve months is around 2.77%, less than CAGS.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 3.28% | 3.16% | 3.37% | 2.62% | 2.61% | 1.96% | 2.59% | 2.83% | 2.72% | 1.06% |
DCS.TO Desjardins Canadian Short Term Bond Index ETF | 2.77% | 2.77% | 2.59% | 2.49% | 2.66% | 2.49% | 2.41% | 2.47% | 2.55% | 1.69% |
Frequently Asked Questions
DCS.TO and CAGS.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Desjardins and CI.
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