FXAIX vs. CLF.TO
FXAIX (Fidelity 500 Index Fund) and CLF.TO (iShares 1-5 Year Laddered Government Bond Index ETF) are both funds - FXAIX is a S&P 500 fund tracking the S&P 500 Index, while CLF.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, FXAIX returned 15.25%/yr vs 0.65%/yr for CLF.TO. At a correlation of -0.02, they often move in opposite directions. FXAIX charges 0.02%/yr vs 0.17%/yr for CLF.TO.
Performance
FXAIX vs. CLF.TO - Performance Comparison
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Different Trading Currencies
FXAIX is traded in USD, while CLF.TO is traded in CAD. To make them comparable, the CLF.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FXAIX achieves a 8.42% return, which is significantly higher than CLF.TO's -1.09% return. Over the past 10 years, FXAIX has outperformed CLF.TO with an annualized return of 15.25%, while CLF.TO has yielded a comparatively lower 0.65% annualized return.
FXAIX
- 1D
- -2.63%
- 1M
- -0.08%
- YTD
- 8.42%
- 6M
- 8.48%
- 1Y
- 24.54%
- 3Y*
- 21.52%
- 5Y*
- 13.40%
- 10Y*
- 15.25%
CLF.TO
- 1D
- -0.33%
- 1M
- -1.91%
- YTD
- -1.09%
- 6M
- 0.22%
- 1Y
- 0.58%
- 3Y*
- 2.76%
- 5Y*
- -1.13%
- 10Y*
- 0.65%
FXAIX vs. CLF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 8.42% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | -1.09% | 8.31% | -3.36% | 7.12% | -9.71% | -1.22% | 7.37% | 6.88% | -6.20% | 6.74% |
Correlation
The correlation between FXAIX and CLF.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 5, 2011 | -0.02 |
The correlation between FXAIX and CLF.TO shifts across timeframes, from -0.02 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FXAIX vs. CLF.TO — Risk / Return Rank
FXAIX
CLF.TO
FXAIX vs. CLF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity 500 Index Fund (FXAIX) and iShares 1-5 Year Laddered Government Bond Index ETF (CLF.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.
| FXAIX | CLF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.01 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.02 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 0.17 | +2.74 |
| Martin ratioReturn relative to average drawdown | 13.57 | 0.41 | +13.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXAIX | CLF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 0.12 | +2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | -0.16 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.09 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.06 | +0.75 |
Drawdowns
FXAIX vs. CLF.TO - Drawdown Comparison
The maximum FXAIX drawdown since its inception was -33.79%, which is greater than CLF.TO's maximum drawdown of -27.88%. Use the drawdown chart below to compare losses from any high point for FXAIX and CLF.TO.
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Drawdown Indicators
| FXAIX | CLF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.79% | -27.88% | -5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -3.33% | -5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -7.33% | -11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -17.86% | -6.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -18.06% | -15.73% |
Current DrawdownCurrent decline from peak | -2.94% | -11.63% | +8.69% |
Average DrawdownAverage peak-to-trough decline | -3.79% | -12.27% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.40% | +0.51% |
Volatility
FXAIX vs. CLF.TO - Volatility Comparison
Fidelity 500 Index Fund (FXAIX) has a higher volatility of 3.81% compared to iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) at 1.08%. This indicates that FXAIX's price experiences larger fluctuations and is considered to be riskier than CLF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXAIX | CLF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 1.08% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 3.81% | +5.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 4.78% | +7.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.95% | 7.02% | +9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 7.41% | +10.67% |
FXAIX vs. CLF.TO - Expense Ratio Comparison
FXAIX has a 0.02% expense ratio, which is lower than CLF.TO's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FXAIX vs. CLF.TO - Dividend Comparison
FXAIX's dividend yield for the trailing twelve months is around 1.06%, less than CLF.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 2.25% | 2.22% | 2.22% | 2.23% | 2.10% | 1.98% | 2.15% | 2.46% | 2.67% | 2.91% | 3.12% | 3.29% |
FXAIX Fidelity 500 Index Fund | 1.06% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
FXAIX and CLF.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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