FSB.TO vs. QQCI.TO
FSB.TO (CI Enhanced Short Duration Bond Fund) and QQCI.TO (Invesco NASDAQ 100 Income Advantage ETF) are both exchange-traded funds - FSB.TO is a Short-Term Bond fund actively managed by CI Global Asset Management, while QQCI.TO is a Nasdaq-100 fund actively managed by CI Global Asset Management. Both are actively managed. Over the past year, FSB.TO returned 2.77% vs 23.66% for QQCI.TO. At a 0.07 correlation, their price movements are largely independent. FSB.TO charges 0.73%/yr vs 0.21%/yr for QQCI.TO.
Performance
FSB.TO vs. QQCI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FSB.TO achieves a 1.28% return, which is significantly lower than QQCI.TO's 12.05% return.
FSB.TO
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 0.86%
- YTD
- 1.28%
- 1Y
- 2.77%
- 3Y*
- 4.21%
- 5Y*
- 2.59%
- 10Y*
- —
- ALL TIME*
- 2.54%
QQCI.TO
- 1D
- -0.97%
- 1M
- -2.73%
- 6M
- 10.61%
- YTD
- 12.05%
- 1Y
- 23.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$46.58K | CA$37.38K | CA$75.82K | |
| CA$110.99K | CA$82.96K | CA$149.10K |
FSB.TO vs. QQCI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FSB.TO CI Enhanced Short Duration Bond Fund | 1.28% | 3.84% | 1.46% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 12.05% | 12.64% | 11.81% |
Correlation
The correlation between FSB.TO and QQCI.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2024 | 0.07 |
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Return for Risk
FSB.TO vs. QQCI.TO — Risk / Return Rank
FSB.TO
QQCI.TO
FSB.TO vs. QQCI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Enhanced Short Duration Bond Fund (FSB.TO) and Invesco NASDAQ 100 Income Advantage ETF (QQCI.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.
| FSB.TO | QQCI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.12 | +0.32 |
| Martin ratioReturn relative to average drawdown | 13.37 | 9.99 | +3.38 |
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Drawdowns
FSB.TO vs. QQCI.TO - Drawdown Comparison
The maximum FSB.TO drawdown since its inception was -5.94%, smaller than the maximum QQCI.TO drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for FSB.TO and QQCI.TO.
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Drawdown Indicators
| FSB.TO | QQCI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.94% | -18.95% | +13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.81% | -7.62% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -1.24% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -3.99% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -5.79% | +5.48% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -3.03% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 2.37% | -2.16% |
Volatility
FSB.TO vs. QQCI.TO - Volatility Comparison
The current volatility for CI Enhanced Short Duration Bond Fund (FSB.TO) is 0.63%, while Invesco NASDAQ 100 Income Advantage ETF (QQCI.TO) has a volatility of 5.36%. This indicates that FSB.TO experiences smaller price fluctuations and is considered to be less risky than QQCI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSB.TO | QQCI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 5.36% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | 11.34% | -9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 14.66% | -12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 15.86% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.61% | 15.86% | -13.25% |
FSB.TO vs. QQCI.TO - Expense Ratio Comparison
FSB.TO has a 0.73% expense ratio, which is higher than QQCI.TO's 0.21% expense ratio.
Dividends
FSB.TO vs. QQCI.TO - Dividend Comparison
FSB.TO's dividend yield for the trailing twelve months is around 4.02%, less than QQCI.TO's 9.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSB.TO CI Enhanced Short Duration Bond Fund | 4.02% | 3.99% | 3.98% | 3.99% | 2.25% | 1.87% | 2.68% | 2.42% | 2.44% | 1.20% |
QQCI.TO Invesco NASDAQ 100 Income Advantage ETF | 9.13% | 9.34% | 3.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSB.TO and QQCI.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQCI.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQCI.TO is cheaper with a 0.21% expense ratio, compared with 0.73% for FSB.TO.
FSB.TO is categorized as Short-Term Bond, while QQCI.TO is Nasdaq-100. Their fees differ too: 0.73% for FSB.TO and 0.21% for QQCI.TO.
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