ISIF.TO vs. CEQT.TO
ISIF.TO (IA Clarington Strategic Income Fund) and CEQT.TO (CI Equity Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 3 years, ISIF.TO returned 11.09%/yr vs 21.65%/yr for CEQT.TO. At a 0.10 correlation, their price movements are largely independent. ISIF.TO charges 0.94%/yr vs 0.30%/yr for CEQT.TO.
Performance
ISIF.TO vs. CEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ISIF.TO achieves a 6.17% return, which is significantly lower than CEQT.TO's 13.94% return.
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%
CEQT.TO
- 1D
- 0.00%
- 1M
- -0.00%
- 6M
- 10.12%
- YTD
- 13.94%
- 1Y
- 26.61%
- 3Y*
- 21.65%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$11.36K | CA$11.26K | CA$17.10K | |
| CA$409.30 | CA$5.79K | CA$2.57K |
ISIF.TO vs. CEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ISIF.TO IA Clarington Strategic Income Fund | 6.17% | 12.42% | 11.91% | 3.05% |
CEQT.TO CI Equity Asset Allocation ETF | 13.94% | 18.84% | 27.38% | 6.47% |
Correlation
The correlation between ISIF.TO and CEQT.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 17, 2023 | 0.10 |
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Return for Risk
ISIF.TO vs. CEQT.TO — Risk / Return Rank
ISIF.TO
CEQT.TO
ISIF.TO vs. CEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IA Clarington Strategic Income Fund (ISIF.TO) and CI Equity Asset Allocation ETF (CEQT.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.
| ISIF.TO | CEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.75 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.70 | -1.21 |
| Martin ratioReturn relative to average drawdown | 10.30 | 14.46 | -4.15 |
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Drawdowns
ISIF.TO vs. CEQT.TO - Drawdown Comparison
The maximum ISIF.TO drawdown since its inception was -18.65%, which is greater than CEQT.TO's maximum drawdown of -14.02%. Use the drawdown chart below to compare losses from any high point for ISIF.TO and CEQT.TO.
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Drawdown Indicators
| ISIF.TO | CEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | -14.02% | -4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -7.26% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -8.40% | -14.02% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -11.47% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -1.28% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -1.17% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.85% | -0.73% |
Volatility
ISIF.TO vs. CEQT.TO - Volatility Comparison
IA Clarington Strategic Income Fund (ISIF.TO) has a higher volatility of 5.06% compared to CI Equity Asset Allocation ETF (CEQT.TO) at 1.97%. This indicates that ISIF.TO's price experiences larger fluctuations and is considered to be riskier than CEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISIF.TO | CEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 1.97% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 8.90% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 11.09% | -3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.60% | 12.98% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.25% | 12.98% | -2.73% |
ISIF.TO vs. CEQT.TO - Expense Ratio Comparison
ISIF.TO has a 0.94% expense ratio, which is higher than CEQT.TO's 0.30% expense ratio.
Dividends
ISIF.TO vs. CEQT.TO - Dividend Comparison
ISIF.TO's dividend yield for the trailing twelve months is around 2.78%, more than CEQT.TO's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CEQT.TO CI Equity Asset Allocation ETF | 1.09% | 1.25% | 1.82% | 1.06% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ISIF.TO and CEQT.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEQT.TO is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEQT.TO is cheaper with a 0.30% expense ratio, compared with 0.94% for ISIF.TO.
They also come from different issuers: IA Clarington Investments Inc. and CI. Their fees differ too: 0.94% for ISIF.TO and 0.30% for CEQT.TO.
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