IFRF.TO vs. ISIF.TO
IFRF.TO (IA Clarington Loomis Floating Rate Income Fund) and ISIF.TO (IA Clarington Strategic Income Fund) are both exchange-traded funds - IFRF.TO is a Bank Loan fund actively managed by IA Clarington Investments Inc., while ISIF.TO is a Diversified Portfolio fund actively managed by IA Clarington Investments Inc.. Both are actively managed. Over the past 5 years, IFRF.TO returned 1.67%/yr vs 7.01%/yr for ISIF.TO. At a 0.07 correlation, their price movements are largely independent. IFRF.TO charges 0.93%/yr vs 0.94%/yr for ISIF.TO.
Performance
IFRF.TO vs. ISIF.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IFRF.TO achieves a 1.18% return, which is significantly lower than ISIF.TO's 6.17% return.
IFRF.TO
- 1D
- 0.00%
- 1M
- 0.52%
- 6M
- 0.79%
- YTD
- 1.18%
- 1Y
- 1.55%
- 3Y*
- 2.46%
- 5Y*
- 1.67%
- 10Y*
- —
- ALL TIME*
- 1.63%
ISIF.TO
- 1D
- -0.37%
- 1M
- 0.68%
- 6M
- 5.28%
- YTD
- 6.17%
- 1Y
- 10.95%
- 3Y*
- 11.09%
- 5Y*
- 7.01%
- 10Y*
- —
- ALL TIME*
- 7.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$79.18 | CA$1.23K | CA$15.94K | |
| CA$409.30 | CA$5.79K | CA$2.57K |
IFRF.TO vs. ISIF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IFRF.TO IA Clarington Loomis Floating Rate Income Fund | 1.18% | 0.01% | 2.53% | 7.67% | -4.29% | 3.42% | -0.18% | 0.97% |
ISIF.TO IA Clarington Strategic Income Fund | 6.17% | 12.42% | 11.91% | 6.17% | -5.63% | 17.60% | 0.18% | 2.55% |
Correlation
The correlation between IFRF.TO and ISIF.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.07 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IFRF.TO vs. ISIF.TO — Risk / Return Rank
IFRF.TO
ISIF.TO
IFRF.TO vs. ISIF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IA Clarington Loomis Floating Rate Income Fund (IFRF.TO) and IA Clarington Strategic Income Fund (ISIF.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.
| IFRF.TO | ISIF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.32 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.49 | -1.56 |
| Martin ratioReturn relative to average drawdown | 2.02 | 10.30 | -8.28 |
Loading charts...
Drawdowns
IFRF.TO vs. ISIF.TO - Drawdown Comparison
The maximum IFRF.TO drawdown since its inception was -21.67%, which is greater than ISIF.TO's maximum drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for IFRF.TO and ISIF.TO.
Loading charts...
Drawdown Indicators
| IFRF.TO | ISIF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.67% | -18.65% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -1.67% | -4.64% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -4.61% | -8.40% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -6.54% | -11.47% | +4.93% |
Current DrawdownCurrent decline from peak | 0.00% | -0.58% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -3.04% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.12% | -0.35% |
Volatility
IFRF.TO vs. ISIF.TO - Volatility Comparison
The current volatility for IA Clarington Loomis Floating Rate Income Fund (IFRF.TO) is 1.05%, while IA Clarington Strategic Income Fund (ISIF.TO) has a volatility of 5.06%. This indicates that IFRF.TO experiences smaller price fluctuations and is considered to be less risky than ISIF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IFRF.TO | ISIF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 5.06% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 6.64% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 7.48% | -3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 9.60% | -5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.81% | 10.25% | -1.44% |
IFRF.TO vs. ISIF.TO - Expense Ratio Comparison
IFRF.TO has a 0.93% expense ratio, which is lower than ISIF.TO's 0.94% expense ratio.
Dividends
IFRF.TO vs. ISIF.TO - Dividend Comparison
IFRF.TO's dividend yield for the trailing twelve months is around 6.95%, more than ISIF.TO's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IFRF.TO IA Clarington Loomis Floating Rate Income Fund | 6.95% | 6.91% | 7.69% | 7.74% | 5.66% | 3.88% | 3.36% | 0.47% |
ISIF.TO IA Clarington Strategic Income Fund | 2.78% | 2.83% | 2.85% | 2.58% | 2.98% | 1.59% | 2.68% | 0.44% |
Frequently Asked Questions
IFRF.TO and ISIF.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IFRF.TO is cheaper at 0.93% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IFRF.TO is cheaper with a 0.93% expense ratio, compared with 0.94% for ISIF.TO.
IFRF.TO is categorized as Bank Loan, while ISIF.TO is Diversified Portfolio. Their fees differ too: 0.93% for IFRF.TO and 0.94% for ISIF.TO.
Find the right allocation for IFRF.TO and ISIF.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer