FSB.TO vs. TSTX-U.TO
FSB.TO (CI Enhanced Short Duration Bond Fund) and TSTX-U.TO (Global X 1-3 Year U.S. Treasury Bond Index ETF) are both Short-Term Bond funds. FSB.TO is actively managed, while TSTX-U.TO is passively managed. At a 0.18 correlation, their price movements are largely independent. FSB.TO charges 0.73%/yr vs 0.15%/yr for TSTX-U.TO.
Performance
FSB.TO vs. TSTX-U.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 higher than TSTX-U.TO's 0.26% 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%
TSTX-U.TO
- 1D
- 0.04%
- 1M
- 0.03%
- 6M
- 0.60%
- YTD
- 0.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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$24.24K | CA$24.29K | CA$43.50K |
FSB.TO vs. TSTX-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FSB.TO CI Enhanced Short Duration Bond Fund | 1.28% | 0.37% |
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF | 0.26% | 1.22% |
Correlation
The correlation between FSB.TO and TSTX-U.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | 0.18 |
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Return for Risk
FSB.TO vs. TSTX-U.TO — Risk / Return Rank
FSB.TO
TSTX-U.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FSB.TO vs. TSTX-U.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 Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.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 | TSTX-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | — | — |
| Martin ratioReturn relative to average drawdown | 13.37 | — | — |
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Drawdowns
FSB.TO vs. TSTX-U.TO - Drawdown Comparison
The maximum FSB.TO drawdown since its inception was -5.94%, which is greater than TSTX-U.TO's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for FSB.TO and TSTX-U.TO.
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Drawdown Indicators
| FSB.TO | TSTX-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.94% | -0.90% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.81% | — | — |
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% | -0.32% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -0.27% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | — | — |
Volatility
FSB.TO vs. TSTX-U.TO - Volatility Comparison
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Volatility by Period
| FSB.TO | TSTX-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.71% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 1.68% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 1.68% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.61% | 1.68% | +0.93% |
FSB.TO vs. TSTX-U.TO - Expense Ratio Comparison
FSB.TO has a 0.73% expense ratio, which is higher than TSTX-U.TO's 0.15% expense ratio.
Dividends
FSB.TO vs. TSTX-U.TO - Dividend Comparison
FSB.TO's dividend yield for the trailing twelve months is around 4.02%, more than TSTX-U.TO's 2.67% 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% |
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF | 2.67% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSB.TO and TSTX-U.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSTX-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSTX-U.TO is cheaper with a 0.15% expense ratio, compared with 0.73% for FSB.TO.
They also come from different issuers: CI Global Asset Management and Global X. Their fees differ too: 0.73% for FSB.TO and 0.15% for TSTX-U.TO.
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