DCU.TO vs. CAGG.TO
DCU.TO (Desjardins Canadian Universe Bond Index ETF) and CAGG.TO (CI Canadian Aggregate Bond Index ETF) are both Total Bond Market funds. Over the past 5 years, DCU.TO returned 0.39%/yr vs 0.58%/yr for CAGG.TO. At a 0.36 correlation, their price movements are largely independent.
Performance
DCU.TO vs. CAGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DCU.TO achieves a 1.27% return, which is significantly lower than CAGG.TO's 1.35% return.
DCU.TO
- 1D
- 0.17%
- 1M
- -0.44%
- 6M
- 0.65%
- YTD
- 1.27%
- 1Y
- 4.20%
- 3Y*
- 4.06%
- 5Y*
- 0.39%
- 10Y*
- —
CAGG.TO
- 1D
- 0.32%
- 1M
- -0.45%
- 6M
- 0.76%
- YTD
- 1.35%
- 1Y
- 4.50%
- 3Y*
- 4.54%
- 5Y*
- 0.58%
- 10Y*
- —
DCU.TO vs. CAGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DCU.TO Desjardins Canadian Universe Bond Index ETF | 1.27% | 2.19% | 3.83% | 6.53% | -11.04% | -2.76% | 8.04% | 6.70% | 0.31% | -0.52% |
CAGG.TO CI Canadian Aggregate Bond Index ETF | 1.35% | 2.45% | 4.41% | 7.28% | -11.36% | -3.39% | 7.32% | 9.39% | 0.30% | -0.53% |
Correlation
The correlation between DCU.TO and CAGG.TO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2017 | 0.36 |
Over the past year, DCU.TO and CAGG.TO have become more correlated (0.64) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
DCU.TO vs. CAGG.TO — Risk / Return Rank
DCU.TO
CAGG.TO
DCU.TO vs. CAGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Universe Bond Index ETF (DCU.TO) and CI Canadian Aggregate Bond Index ETF (CAGG.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.
| DCU.TO | CAGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.65 | -0.12 |
| Martin ratioReturn relative to average drawdown | 3.78 | 4.11 | -0.33 |
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Drawdowns
DCU.TO vs. CAGG.TO - Drawdown Comparison
The maximum DCU.TO drawdown since its inception was -17.81%, smaller than the maximum CAGG.TO drawdown of -18.77%. Use the drawdown chart below to compare losses from any high point for DCU.TO and CAGG.TO.
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Drawdown Indicators
| DCU.TO | CAGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.81% | -18.77% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.73% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -4.47% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -15.40% | -16.68% | +1.28% |
Current DrawdownCurrent decline from peak | -1.90% | -1.09% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -5.48% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.10% | +0.01% |
Volatility
DCU.TO vs. CAGG.TO - Volatility Comparison
The current volatility for Desjardins Canadian Universe Bond Index ETF (DCU.TO) is 1.06%, while CI Canadian Aggregate Bond Index ETF (CAGG.TO) has a volatility of 1.41%. This indicates that DCU.TO experiences smaller price fluctuations and is considered to be less risky than CAGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DCU.TO | CAGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.41% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 3.28% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 4.29% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.25% | 6.19% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.29% | 7.03% | -0.74% |
Dividends
DCU.TO vs. CAGG.TO - Dividend Comparison
DCU.TO's dividend yield for the trailing twelve months is around 3.17%, less than CAGG.TO's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAGG.TO CI Canadian Aggregate Bond Index ETF | 3.56% | 3.36% | 2.82% | 3.25% | 4.11% | 2.42% | 2.77% | 3.00% | 2.74% | 1.51% |
DCU.TO Desjardins Canadian Universe Bond Index ETF | 3.17% | 3.07% | 2.92% | 2.58% | 3.49% | 3.00% | 2.82% | 2.79% | 2.90% | 2.12% |
Frequently Asked Questions
DCU.TO and CAGG.TO have a correlation of 0.64, 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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