FIG.TO vs. CFRN.TO
FIG.TO (CI Investment Grade Bond ETF) and CFRN.TO (CIBC Active Investment Grade Floating Rate Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, FIG.TO returned 0.78%/yr vs 3.43%/yr for CFRN.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
FIG.TO vs. CFRN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FIG.TO achieves a 1.62% return, which is significantly higher than CFRN.TO's 1.41% return.
FIG.TO
- 1D
- 0.21%
- 1M
- 0.13%
- 6M
- 1.19%
- YTD
- 1.62%
- 1Y
- 4.34%
- 3Y*
- 5.55%
- 5Y*
- 0.78%
- 10Y*
- 2.27%
CFRN.TO
- 1D
- 0.05%
- 1M
- 0.25%
- 6M
- 1.31%
- YTD
- 1.41%
- 1Y
- 3.01%
- 3Y*
- 4.22%
- 5Y*
- 3.43%
- 10Y*
- —
FIG.TO vs. CFRN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FIG.TO CI Investment Grade Bond ETF | 1.62% | 5.12% | 5.10% | 6.23% | -12.53% | -1.69% | 7.78% | 6.58% |
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 1.41% | 3.32% | 5.21% | 5.83% | 1.40% | 0.25% | 1.04% | 1.97% |
Correlation
The correlation between FIG.TO and CFRN.TO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.02 |
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Return for Risk
FIG.TO vs. CFRN.TO — Risk / Return Rank
FIG.TO
CFRN.TO
FIG.TO vs. CFRN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Investment Grade Bond ETF (FIG.TO) and CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.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.
| FIG.TO | CFRN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.55 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 6.68 | -4.75 |
| Martin ratioReturn relative to average drawdown | 4.65 | 31.94 | -27.30 |
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Drawdowns
FIG.TO vs. CFRN.TO - Drawdown Comparison
The maximum FIG.TO drawdown since its inception was -16.80%, which is greater than CFRN.TO's maximum drawdown of -1.00%. Use the drawdown chart below to compare losses from any high point for FIG.TO and CFRN.TO.
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Drawdown Indicators
| FIG.TO | CFRN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.80% | -1.00% | -15.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -0.45% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -3.24% | -0.66% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.97% | -1.00% | -14.97% |
Max Drawdown (10Y)Largest decline over 10 years | -16.80% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | 0.00% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -0.15% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.09% | +0.85% |
Volatility
FIG.TO vs. CFRN.TO - Volatility Comparison
CI Investment Grade Bond ETF (FIG.TO) has a higher volatility of 1.64% compared to CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.TO) at 0.22%. This indicates that FIG.TO's price experiences larger fluctuations and is considered to be riskier than CFRN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIG.TO | CFRN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 0.22% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.20% | 0.83% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 1.33% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.45% | 2.10% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.16% | 1.78% | +4.38% |
Dividends
FIG.TO vs. CFRN.TO - Dividend Comparison
FIG.TO's dividend yield for the trailing twelve months is around 4.06%, more than CFRN.TO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 3.17% | 3.47% | 4.46% | 4.43% | 2.26% | 1.26% | 1.74% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% |
FIG.TO CI Investment Grade Bond ETF | 4.06% | 4.04% | 4.08% | 4.12% | 4.19% | 3.52% | 3.34% | 3.41% | 3.60% | 4.34% | 4.69% | 5.05% |
Frequently Asked Questions
FIG.TO and CFRN.TO have a correlation of -0.07, 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: CI and CIBC.
Find the right allocation for FIG.TO and CFRN.TO
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