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IAG.TO vs. CIF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAG.TO vs. CIF.TO

Last updated Jun 4, 2026

IAG.TO (iA Financial Corporation Inc.) is a stock, while CIF.TO (iShares Global Infrastructure Index ETF) is Energy Equities fund tracking the Manulife Investment Management Global Infrastructure Index. Over the past 10 years, IAG.TO returned 18.80%/yr vs 12.99%/yr for CIF.TO. At a 0.32 correlation, their price movements are largely independent.

Performance

IAG.TO vs. CIF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iA Financial Corporation Inc. (IAG.TO) and iShares Global Infrastructure Index ETF (CIF.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, IAG.TO achieves a -2.43% return, which is significantly lower than CIF.TO's 25.20% return. Over the past 10 years, IAG.TO has outperformed CIF.TO with an annualized return of 18.80%, while CIF.TO has yielded a comparatively lower 12.99% annualized return.

IAG.TO

1D
-0.68%
1M
-1.82%
YTD
-2.43%
6M
5.03%
1Y
25.37%
3Y*
28.10%
5Y*
23.48%
10Y*
18.80%

CIF.TO

1D
1.03%
1M
3.28%
YTD
25.20%
6M
16.23%
1Y
35.22%
3Y*
25.10%
5Y*
18.52%
10Y*
12.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAG.TO vs. CIF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAG.TO
iA Financial Corporation Inc.		-2.43%36.86%52.61%17.93%13.64%35.04%-19.68%68.97%-24.93%14.97%
CIF.TO
iShares Global Infrastructure Index ETF		25.20%14.45%25.40%14.65%5.90%17.73%-0.62%23.55%-5.46%2.34%

Correlation

The correlation between IAG.TO and CIF.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.37

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

0.38

Correlation (10Y)
Calculated over the trailing 10-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2008

0.32

Compare stocks, funds, or ETFs

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iA Financial Corporation Inc.

iShares Global Infrastructure Index ETF

Often compared with IAG.TO:
IAG.TO vs. IFC.TOIAG.TO vs. MFC.TOIAG.TO vs. TEC.TOIAG.TO vs. GWO.TOIAG.TO vs. DOL.TOIAG.TO vs. RY.TOIAG.TO vs. VFV.TO
Often compared with CIF.TO:
CIF.TO vs. VFV.TOCIF.TO vs. MLPP.LCIF.TO vs. ZQQ.TOCIF.TO vs. CWW.TOCIF.TO vs. VGTCIF.TO vs. XDIV.TOCIF.TO vs. ZGI.TO

Return for Risk

IAG.TO vs. CIF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAG.TO
IAG.TO Risk / Return Rank: 6868
Overall Rank
IAG.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IAG.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
IAG.TO Omega Ratio Rank: 7070
Omega Ratio Rank
IAG.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
IAG.TO Martin Ratio Rank: 7070
Martin Ratio Rank
CIF.TO
CIF.TO Risk / Return Rank: 7070
Overall Rank
CIF.TO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CIF.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
CIF.TO Omega Ratio Rank: 7171
Omega Ratio Rank
CIF.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
CIF.TO Martin Ratio Rank: 7171
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.

IAG.TO vs. CIF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iA Financial Corporation Inc. (IAG.TO) and iShares Global Infrastructure Index ETF (CIF.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.

IAG.TOCIF.TODifference
Sharpe ratioReturn per unit of total volatility
1.08
2.33

-1.25

Sortino ratioReturn per unit of downside risk
1.35
3.13

-1.78

Omega ratioGain probability vs. loss probability

1.23

1.43

-0.21

Calmar ratioReturn relative to maximum drawdown

1.33

3.72

-2.39

Martin ratioReturn relative to average drawdown

3.73

13.46

-9.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAG.TO vs. CIF.TO - Sharpe Ratio Comparison

The current IAG.TO Sharpe Ratio is 1.08, which is lower than the CIF.TO Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of IAG.TO and CIF.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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Sharpe Ratios by Period

IAG.TOCIF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.08

2.33

-1.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

1.28

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.78

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.54

+0.03

Drawdowns

IAG.TO vs. CIF.TO - Drawdown Comparison

The maximum IAG.TO drawdown since its inception was -66.37%, which is greater than CIF.TO's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for IAG.TO and CIF.TO.

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Drawdown Indicators

IAG.TOCIF.TODifference

Max Drawdown

Largest peak-to-trough decline

-66.37%

-42.37%

-24.00%

Max Drawdown (1Y)

Largest decline over 1 year

-19.13%

-9.50%

-9.63%

Max Drawdown (3Y)

Largest decline over 3 years

-19.13%

-20.40%

+1.27%

Max Drawdown (5Y)

Largest decline over 5 years

-28.99%

-20.40%

-8.59%

Max Drawdown (10Y)

Largest decline over 10 years

-58.56%

-42.37%

-16.19%

Current Drawdown

Current decline from peak

-4.62%

-0.76%

-3.86%

Average Drawdown

Average peak-to-trough decline

-11.41%

-5.66%

-5.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.82%

2.63%

+4.19%

Volatility

IAG.TO vs. CIF.TO - Volatility Comparison

iA Financial Corporation Inc. (IAG.TO) has a higher volatility of 11.90% compared to iShares Global Infrastructure Index ETF (CIF.TO) at 5.85%. This indicates that IAG.TO's price experiences larger fluctuations and is considered to be riskier than CIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAG.TOCIF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

11.90%

5.85%

+6.05%

Volatility (6M)

Calculated over the trailing 6-month period

20.34%

12.44%

+7.90%

Volatility (1Y)

Calculated over the trailing 1-year period

23.70%

15.23%

+8.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.36%

14.56%

+9.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.85%

16.69%

+10.16%

Dividends

IAG.TO vs. CIF.TO - Dividend Comparison

IAG.TO's dividend yield for the trailing twelve months is around 2.38%, more than CIF.TO's 1.77% yield.

PositionTTM20252024202320222021202020192018201720162015
CIF.TO
iShares Global Infrastructure Index ETF		1.77%2.05%2.84%2.36%2.53%2.24%2.06%1.83%2.45%2.27%1.81%2.41%
IAG.TO
iA Financial Corporation Inc.		2.38%2.13%2.52%3.29%3.28%2.87%3.52%2.47%3.65%2.39%2.36%2.63%

Frequently Asked Questions

IAG.TO and CIF.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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