ICPB.TO vs. XFLI.TO
ICPB.TO (IA Clarington Agile Core Plus Bond Fund Series ETF) and XFLI.TO (iShares Flexible Monthly Income ETF CAD) are both exchange-traded funds - ICPB.TO is a Intermediate Core-Plus Bond fund actively managed by IA Clarington Investments Inc., while XFLI.TO is a High Yield Bonds fund actively managed by iShares. Both are actively managed. Over the past year, ICPB.TO returned 3.00% vs 7.23% for XFLI.TO. At a 0.13 correlation, their price movements are largely independent.
Performance
ICPB.TO vs. XFLI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ICPB.TO achieves a 0.84% return, which is significantly lower than XFLI.TO's 3.13% return.
ICPB.TO
- 1D
- 0.00%
- 1M
- -0.69%
- 6M
- 0.20%
- YTD
- 0.84%
- 1Y
- 3.00%
- 3Y*
- 4.80%
- 5Y*
- 1.80%
- 10Y*
- —
- ALL TIME*
- 2.76%
XFLI.TO
- 1D
- 0.10%
- 1M
- -1.53%
- 6M
- 2.95%
- YTD
- 3.13%
- 1Y
- 7.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$109.45K | CA$91.77K | CA$92.24K | |
| CA$99.87K | CA$131.75K | CA$126.08K |
ICPB.TO vs. XFLI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ICPB.TO IA Clarington Agile Core Plus Bond Fund Series ETF | 0.84% | 3.82% | 1.69% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 3.13% | 2.07% | 6.23% |
Correlation
The correlation between ICPB.TO and XFLI.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 (All Time) Calculated using the full available price history since Sep 26, 2024 | 0.13 |
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Return for Risk
ICPB.TO vs. XFLI.TO — Risk / Return Rank
ICPB.TO
XFLI.TO
ICPB.TO vs. XFLI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IA Clarington Agile Core Plus Bond Fund Series ETF (ICPB.TO) and iShares Flexible Monthly Income ETF CAD (XFLI.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.
| ICPB.TO | XFLI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.75 | -0.36 |
| Martin ratioReturn relative to average drawdown | 4.91 | 3.69 | +1.22 |
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Drawdowns
ICPB.TO vs. XFLI.TO - Drawdown Comparison
The maximum ICPB.TO drawdown since its inception was -16.58%, which is greater than XFLI.TO's maximum drawdown of -6.92%. Use the drawdown chart below to compare losses from any high point for ICPB.TO and XFLI.TO.
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Drawdown Indicators
| ICPB.TO | XFLI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -6.92% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.17% | -4.15% | +1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -3.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.41% | — | — |
Current DrawdownCurrent decline from peak | -0.85% | -2.13% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -2.05% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.96% | -1.35% |
Volatility
ICPB.TO vs. XFLI.TO - Volatility Comparison
The current volatility for IA Clarington Agile Core Plus Bond Fund Series ETF (ICPB.TO) is 1.00%, while iShares Flexible Monthly Income ETF CAD (XFLI.TO) has a volatility of 1.06%. This indicates that ICPB.TO experiences smaller price fluctuations and is considered to be less risky than XFLI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICPB.TO | XFLI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.06% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 4.24% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.00% | 5.59% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.31% | 6.31% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 6.31% | +2.82% |
Dividends
ICPB.TO vs. XFLI.TO - Dividend Comparison
ICPB.TO's dividend yield for the trailing twelve months is around 4.63%, less than XFLI.TO's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ICPB.TO IA Clarington Agile Core Plus Bond Fund Series ETF | 4.63% | 4.19% | 4.69% | 4.25% | 4.45% | 3.03% | 2.86% | 2.82% | 0.19% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 5.45% | 5.69% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICPB.TO and XFLI.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.
ICPB.TO is categorized as Intermediate Core-Plus Bond, while XFLI.TO is High Yield Bonds. They also come from different issuers: IA Clarington Investments Inc. and iShares.
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