FSF.TO vs. CAGS.TO
FSF.TO (CI Global Financial Sector ETF) and CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) are both exchange-traded funds - FSF.TO is a Financials Equities fund actively managed by CI, while CAGS.TO is a Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. FSF.TO is actively managed, while CAGS.TO is passively managed. Over the past 5 years, FSF.TO returned 12.59%/yr vs 2.04%/yr for CAGS.TO. Their 0.03 correlation means their historical movements had little consistent relationship. FSF.TO charges 0.99%/yr vs 0.08%/yr for CAGS.TO.
Performance
FSF.TO vs. CAGS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FSF.TO achieves a 8.03% return, which is significantly higher than CAGS.TO's 0.99% return.
FSF.TO
- 1D
- 1.62%
- 1M
- 2.45%
- 6M
- 6.56%
- YTD
- 8.03%
- 1Y
- 19.56%
- 3Y*
- 22.87%
- 5Y*
- 12.59%
- 10Y*
- 30.36%
- ALL TIME*
- 14.13%
CAGS.TO
- 1D
- -0.17%
- 1M
- -0.27%
- 6M
- 0.59%
- YTD
- 0.99%
- 1Y
- 2.68%
- 3Y*
- 5.00%
- 5Y*
- 2.04%
- 10Y*
- —
- ALL TIME*
- 2.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$22.75K | CA$30.67K | CA$34.82K | |
| CA$661.89 | CA$2.69K | CA$6.54K |
FSF.TO vs. CAGS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSF.TO CI Global Financial Sector ETF | 8.03% | 20.68% | 33.83% | 10.49% | -11.77% | 30.71% | -1.98% | 25.77% | -21.19% | 12.29% |
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 0.99% | 3.95% | 6.07% | 5.02% | -4.30% | -1.22% | 4.47% | 4.33% | 1.41% | 0.49% |
Correlation
The correlation between FSF.TO and CAGS.TO is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2017 | 0.03 |
The correlation between FSF.TO and CAGS.TO shifts across timeframes, from 0.03 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FSF.TO vs. CAGS.TO — Risk / Return Rank
FSF.TO
CAGS.TO
FSF.TO vs. CAGS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI Global Financial Sector ETF (FSF.TO) and CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.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.
| FSF.TO | CAGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.08 | -0.97 |
| Martin ratioReturn relative to average drawdown | 3.27 | 6.20 | -2.92 |
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Drawdowns
FSF.TO vs. CAGS.TO - Drawdown Comparison
The maximum FSF.TO drawdown since its inception was -73.78%, which is greater than CAGS.TO's maximum drawdown of -11.60%. Use the drawdown chart below to compare losses from any high point for FSF.TO and CAGS.TO.
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Drawdown Indicators
| FSF.TO | CAGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.78% | -11.60% | -62.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.09% | -1.33% | -13.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -1.33% | -15.93% |
Max Drawdown (5Y)Largest decline over 5 years | -26.08% | -7.58% | -18.50% |
Max Drawdown (10Y)Largest decline over 10 years | -73.78% | — | — |
Current DrawdownCurrent decline from peak | -0.26% | -0.46% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -1.44% | -14.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 0.45% | +4.67% |
Volatility
FSF.TO vs. CAGS.TO - Volatility Comparison
CI Global Financial Sector ETF (FSF.TO) has a higher volatility of 5.02% compared to CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) at 0.82%. This indicates that FSF.TO's price experiences larger fluctuations and is considered to be riskier than CAGS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSF.TO | CAGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 0.82% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 1.71% | +11.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 2.11% | +13.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 2.77% | +16.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 211.89% | 4.62% | +207.27% |
FSF.TO vs. CAGS.TO - Expense Ratio Comparison
FSF.TO has a 0.99% expense ratio, which is higher than CAGS.TO's 0.08% expense ratio.
Dividends
FSF.TO vs. CAGS.TO - Dividend Comparison
FSF.TO's dividend yield for the trailing twelve months is around 1.35%, less than CAGS.TO's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 3.30% | 3.16% | 3.37% | 2.62% | 2.61% | 1.96% | 2.59% | 2.83% | 2.72% | 1.06% | 0.00% |
FSF.TO CI Global Financial Sector ETF | 1.35% | 1.28% | 1.41% | 2.10% | 2.35% | 0.74% | 1.28% | 1.91% | 2.30% | 0.96% | 0.79% |
Frequently Asked Questions
FSF.TO and CAGS.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CAGS.TO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CAGS.TO is cheaper with a 0.08% expense ratio, compared with 0.99% for FSF.TO.
FSF.TO is categorized as Financials Equities, while CAGS.TO is Short-Term Bond. Their fees differ too: 0.99% for FSF.TO and 0.08% for CAGS.TO.
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