HAB.TO vs. CFRN.TO
HAB.TO (Global X Active Corporate Bond ETF) and CFRN.TO (CIBC Active Investment Grade Floating Rate Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, HAB.TO returned 1.98%/yr vs 3.42%/yr for CFRN.TO. At a 0.02 correlation, their price movements are largely independent.
Performance
HAB.TO vs. CFRN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HAB.TO achieves a 0.81% return, which is significantly lower than CFRN.TO's 1.36% return.
HAB.TO
- 1D
- 0.20%
- 1M
- -0.94%
- 6M
- 0.32%
- YTD
- 0.81%
- 1Y
- 4.46%
- 3Y*
- 6.05%
- 5Y*
- 1.98%
- 10Y*
- 2.89%
CFRN.TO
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 1.31%
- YTD
- 1.36%
- 1Y
- 3.11%
- 3Y*
- 4.22%
- 5Y*
- 3.42%
- 10Y*
- —
HAB.TO vs. CFRN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HAB.TO Global X Active Corporate Bond ETF | 0.81% | 4.13% | 7.98% | 7.30% | -9.51% | -1.26% | 8.46% | 7.26% |
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 1.36% | 3.32% | 5.21% | 5.83% | 1.40% | 0.25% | 1.04% | 1.97% |
Correlation
The correlation between HAB.TO and CFRN.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.02 |
The correlation between HAB.TO and CFRN.TO shifts across timeframes, from 0.02 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HAB.TO vs. CFRN.TO — Risk / Return Rank
HAB.TO
CFRN.TO
HAB.TO vs. CFRN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Active Corporate Bond ETF (HAB.TO) and CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.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.
| HAB.TO | CFRN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.57 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 6.91 | -5.08 |
| Martin ratioReturn relative to average drawdown | 4.78 | 33.05 | -28.27 |
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Drawdowns
HAB.TO vs. CFRN.TO - Drawdown Comparison
The maximum HAB.TO drawdown since its inception was -23.78%, which is greater than CFRN.TO's maximum drawdown of -1.00%. Use the drawdown chart below to compare losses from any high point for HAB.TO and CFRN.TO.
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Drawdown Indicators
| HAB.TO | CFRN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.78% | -1.00% | -22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -0.45% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -3.28% | -0.66% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -14.20% | -1.00% | -13.20% |
Max Drawdown (10Y)Largest decline over 10 years | -23.78% | — | — |
Current DrawdownCurrent decline from peak | -1.32% | 0.00% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -2.58% | -0.15% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.09% | +0.85% |
Volatility
HAB.TO vs. CFRN.TO - Volatility Comparison
Global X Active Corporate Bond ETF (HAB.TO) has a higher volatility of 1.34% compared to CIBC Active Investment Grade Floating Rate Bond ETF (CFRN.TO) at 0.21%. This indicates that HAB.TO's price experiences larger fluctuations and is considered to be riskier than CFRN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAB.TO | CFRN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.21% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.29% | 0.83% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 1.34% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 2.10% | +4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.84% | 1.78% | +6.06% |
Dividends
HAB.TO vs. CFRN.TO - Dividend Comparison
HAB.TO's dividend yield for the trailing twelve months is around 4.12%, more than CFRN.TO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFRN.TO CIBC Active Investment Grade Floating Rate Bond ETF | 3.17% | 3.47% | 4.46% | 4.43% | 2.26% | 1.26% | 1.74% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% |
HAB.TO Global X Active Corporate Bond ETF | 4.12% | 4.05% | 3.70% | 3.95% | 3.96% | 2.92% | 2.95% | 2.99% | 3.23% | 3.21% | 3.39% | 3.35% |
Frequently Asked Questions
HAB.TO and CFRN.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and CIBC.
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