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HBB.TO vs. CAGG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HBB.TO vs. CAGG.TO

Last updated Jul 16, 2026
Documentation

HBB.TO (Global X Canadian Select Universe Bond Index Corporate Class ETF) and CAGG.TO (CI Canadian Aggregate Bond Index ETF) are both Total Bond Market funds. Over the past 5 years, HBB.TO returned -0.04%/yr vs 0.58%/yr for CAGG.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

HBB.TO vs. CAGG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) and CI Canadian Aggregate Bond Index ETF (CAGG.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HBB.TO achieves a 1.06% return, which is significantly lower than CAGG.TO's 1.35% return.

HBB.TO

1D
0.24%
1M
-0.51%
6M
0.42%
YTD
1.06%
1Y
3.95%
3Y*
3.71%
5Y*
-0.04%
10Y*
1.21%

CAGG.TO

1D
0.32%
1M
-0.45%
6M
0.76%
YTD
1.35%
1Y
4.50%
3Y*
4.54%
5Y*
0.58%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

HBB.TO vs. CAGG.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HBB.TO
Global X Canadian Select Universe Bond Index Corporate Class ETF		1.06%1.84%3.96%5.76%-11.94%-2.35%8.33%5.81%1.19%-1.21%
CAGG.TO
CI Canadian Aggregate Bond Index ETF		1.35%2.45%4.41%7.28%-11.36%-3.39%7.32%9.39%0.30%-0.53%

Correlation

The correlation between HBB.TO and CAGG.TO is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2017

0.42

Over the past year, HBB.TO and CAGG.TO have become more correlated (0.66) than their long-term average of 0.42, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

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Global X Canadian Select Universe Bond Index Corporate Class ETF

CI Canadian Aggregate Bond Index ETF

Often compared with HBB.TO:
HBB.TO vs. HSAV.TOHBB.TO vs. XAGG.TOHBB.TO vs. CHPS.TOHBB.TO vs. QQCL.TOHBB.TO vs. USCL.TOHBB.TO vs. HXS.TOHBB.TO vs. CASH.TO
Often compared with CAGG.TO:
CAGG.TO vs. CDLB.TOCAGG.TO vs. FSF.TOCAGG.TO vs. CCOM.TOCAGG.TO vs. EHE.TOCAGG.TO vs. VAB.TOCAGG.TO vs. CIC.TOCAGG.TO vs. VBU.NEO

Return for Risk

HBB.TO vs. CAGG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HBB.TO
HBB.TO Risk / Return Rank: 2929
Overall Rank
HBB.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
HBB.TO Sortino Ratio Rank: 2626
Sortino Ratio Rank
HBB.TO Omega Ratio Rank: 2727
Omega Ratio Rank
HBB.TO Calmar Ratio Rank: 3333
Calmar Ratio Rank
HBB.TO Martin Ratio Rank: 2929
Martin Ratio Rank
CAGG.TO
CAGG.TO Risk / Return Rank: 3535
Overall Rank
CAGG.TO Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
CAGG.TO Sortino Ratio Rank: 3333
Sortino Ratio Rank
CAGG.TO Omega Ratio Rank: 3636
Omega Ratio Rank
CAGG.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
CAGG.TO Martin Ratio Rank: 3333
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HBB.TO vs. CAGG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) and CI Canadian Aggregate Bond Index ETF (CAGG.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.

HBB.TOCAGG.TODifference
Sharpe ratioReturn per unit of total volatility
0.91
1.06

-0.16

Sortino ratioReturn per unit of downside risk
1.25
1.51

-0.26

Omega ratioGain probability vs. loss probability

1.16

1.21

-0.04

Calmar ratioReturn relative to maximum drawdown

1.43

1.65

-0.23

Martin ratioReturn relative to average drawdown

3.44

4.11

-0.67

HBB.TO vs. CAGG.TO - Sharpe Ratio Comparison

The current HBB.TO Sharpe Ratio is 0.91, which is comparable to the CAGG.TO Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of HBB.TO and CAGG.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HBB.TO vs. CAGG.TO - Drawdown Comparison

The maximum HBB.TO drawdown since its inception was -18.23%, roughly equal to the maximum CAGG.TO drawdown of -18.77%. Use the drawdown chart below to compare losses from any high point for HBB.TO and CAGG.TO.

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Drawdown Indicators

HBB.TOCAGG.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.23%

-18.77%

+0.54%

Max Drawdown (1Y)

Largest decline over 1 year

-2.78%

-2.73%

-0.05%

Max Drawdown (3Y)

Largest decline over 3 years

-5.16%

-4.47%

-0.69%

Max Drawdown (5Y)

Largest decline over 5 years

-16.19%

-16.68%

+0.49%

Max Drawdown (10Y)

Largest decline over 10 years

-18.23%

—

—

Current Drawdown

Current decline from peak

-3.37%

-1.09%

-2.28%

Average Drawdown

Average peak-to-trough decline

-4.57%

-5.48%

+0.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.15%

1.10%

+0.05%

Volatility

HBB.TO vs. CAGG.TO - Volatility Comparison

The current volatility for Global X Canadian Select Universe Bond Index Corporate Class ETF (HBB.TO) is 1.20%, while CI Canadian Aggregate Bond Index ETF (CAGG.TO) has a volatility of 1.41%. This indicates that HBB.TO experiences smaller price fluctuations and is considered to be less risky than CAGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HBB.TOCAGG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.20%

1.41%

-0.21%

Volatility (6M)

Calculated over the trailing 6-month period

3.45%

3.28%

+0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

4.43%

4.29%

+0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.55%

6.19%

+0.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.09%

7.03%

+0.06%

Dividends

HBB.TO vs. CAGG.TO - Dividend Comparison

HBB.TO has not paid dividends to shareholders, while CAGG.TO's dividend yield for the trailing twelve months is around 3.56%.

PositionTTM202520242023202220212020201920182017
CAGG.TO
CI Canadian Aggregate Bond Index ETF		3.56%3.36%2.82%3.25%4.11%2.42%2.77%3.00%2.74%1.51%
HBB.TO
Global X Canadian Select Universe Bond Index Corporate Class ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

HBB.TO and CAGG.TO have a correlation of 0.66, 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 CI.

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