FIG.TO vs. NXF.TO

Last updated Jul 1, 2026

FIG.TO (CI Investment Grade Bond ETF) and NXF.TO (CI Energy Giants Covered Call ETF Common Units (CAD Hedged)) are both exchange-traded funds - FIG.TO is a Corporate Bonds fund actively managed by CI, while NXF.TO is a Energy Equities fund actively managed by CI. Both are actively managed. Over the past 10 years, FIG.TO returned 2.30%/yr vs 6.24%/yr for NXF.TO. At a correlation of -0.13, they often move in opposite directions.

Performance

FIG.TO vs. NXF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Investment Grade Bond ETF (FIG.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIG.TO achieves a 2.05% return, which is significantly lower than NXF.TO's 14.91% return. Over the past 10 years, FIG.TO has underperformed NXF.TO with an annualized return of 2.30%, while NXF.TO has yielded a comparatively higher 6.24% annualized return.

FIG.TO

• 1D: 0.00%
• 1M: 0.66%
• YTD: 2.05%
• 6M: 1.94%
• 1Y: 4.12%
• 3Y*: 5.62%
• 5Y*: 1.01%
• 10Y*: 2.30%

NXF.TO

• 1D: -0.50%
• 1M: -9.01%
• YTD: 14.91%
• 6M: 14.49%
• 1Y: 23.67%
• 3Y*: 9.39%
• 5Y*: 14.15%
• 10Y*: 6.24%

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

FIG.TO vs. NXF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FIG.TO CI Investment Grade Bond ETF	2.05%	5.12%	5.10%	6.23%	-12.53%	-1.69%	7.78%	6.98%	-0.12%	5.06%
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged)	14.91%	9.09%	-4.58%	6.48%	43.93%	40.62%	-35.30%	6.23%	-9.26%	3.08%

Correlation

The correlation between FIG.TO and NXF.TO is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.19
Correlation (3Y) Calculated over the trailing 3-year period	-0.08
Correlation (5Y) Calculated over the trailing 5-year period	-0.10
Correlation (10Y) Calculated over the trailing 10-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Feb 10, 2015	-0.13

The correlation between FIG.TO and NXF.TO shifts across timeframes, from -0.19 (1 year) to -0.08 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

FIG.TO vs. NXF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FIG.TO

FIG.TO Risk / Return Rank: 31
FIG.TO Sharpe Ratio Rank: 28
FIG.TO Sortino Ratio Rank: 25
FIG.TO Omega Ratio Rank: 25
FIG.TO Calmar Ratio Rank: 42
FIG.TO Martin Ratio Rank: 34

NXF.TO

NXF.TO Risk / Return Rank: 35
NXF.TO Sharpe Ratio Rank: 38
NXF.TO Sortino Ratio Rank: 35
NXF.TO Omega Ratio Rank: 34
NXF.TO Calmar Ratio Rank: 30
NXF.TO Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIG.TO vs. NXF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Investment Grade Bond ETF (FIG.TO) and CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.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	NXF.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.91	1.20	-0.29
Sortino ratio: Return per unit of downside risk	1.29	1.67	-0.38
Omega ratio: Gain probability vs. loss probability	1.16	1.21	-0.04
Calmar ratio: Return relative to maximum drawdown	1.83	1.35	+0.47
Martin ratio: Return relative to average drawdown	4.41	5.02	-0.61

FIG.TO vs. NXF.TO - Sharpe Ratio Comparison

The current FIG.TO Sharpe Ratio is 0.91, which is comparable to the NXF.TO Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of FIG.TO and NXF.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FIG.TO vs. NXF.TO - Drawdown Comparison

The maximum FIG.TO drawdown since its inception was -16.80%, smaller than the maximum NXF.TO drawdown of -65.25%. Use the drawdown chart below to compare losses from any high point for FIG.TO and NXF.TO.

Drawdown Indicators

	FIG.TO	NXF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.80%	-65.25%	+48.45%
Max Drawdown (1Y) Largest decline over 1 year	-2.27%	-17.57%	+15.30%
Max Drawdown (3Y) Largest decline over 3 years	-3.24%	-24.32%	+21.08%
Max Drawdown (5Y) Largest decline over 5 years	-15.97%	-24.32%	+8.35%
Max Drawdown (10Y) Largest decline over 10 years	-16.80%	-65.25%	+48.45%
Current Drawdown Current decline from peak	-0.11%	-17.57%	+17.46%
Average Drawdown Average peak-to-trough decline	-3.44%	-15.98%	+12.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	4.73%	-3.79%

Volatility

FIG.TO vs. NXF.TO - Volatility Comparison

The current volatility for CI Investment Grade Bond ETF (FIG.TO) is 1.53%, while CI Energy Giants Covered Call ETF Common Units (CAD Hedged) (NXF.TO) has a volatility of 6.34%. This indicates that FIG.TO experiences smaller price fluctuations and is considered to be less risky than NXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIG.TO	NXF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	6.34%	-4.81%
Volatility (6M) Calculated over the trailing 6-month period	3.03%	16.35%	-13.32%
Volatility (1Y) Calculated over the trailing 1-year period	4.54%	19.83%	-15.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.44%	23.41%	-17.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.18%	26.03%	-19.85%

Dividends

FIG.TO vs. NXF.TO - Dividend Comparison

FIG.TO's dividend yield for the trailing twelve months is around 4.04%, less than NXF.TO's 8.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIG.TO CI Investment Grade Bond ETF	4.04%	4.04%	4.08%	4.12%	4.19%	3.52%	3.34%	3.41%	3.60%	4.34%	4.69%	5.05%
NXF.TO CI Energy Giants Covered Call ETF Common Units (CAD Hedged)	8.91%	7.70%	8.50%	8.60%	11.22%	9.46%	11.24%	7.83%	9.39%	6.49%	8.24%	8.21%

Frequently Asked Questions

Can I hold both FIG.TO and NXF.TO in my portfolio?

FIG.TO and NXF.TO have a correlation of -0.19, 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 FIG.TO and NXF.TO?

FIG.TO is categorized as Corporate Bonds, while NXF.TO is Energy Equities.