ISIF.TO vs. CSBG.NEO
ISIF.TO (IA Clarington Strategic Income Fund) and CSBG.NEO (CIBC Sustainable Balanced Growth Solution ETF) are both Diversified Portfolio funds. Both are actively managed. Over the past 5 years, ISIF.TO returned 7.01%/yr vs 0.96%/yr for CSBG.NEO. At a correlation of -0.00, they often move in opposite directions. ISIF.TO charges 0.94%/yr vs 0.90%/yr for CSBG.NEO.
Performance
ISIF.TO vs. CSBG.NEO - 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 higher than CSBG.NEO's 0.49% 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%
CSBG.NEO
- 1D
- 0.00%
- 1M
- 0.49%
- 6M
- 0.49%
- YTD
- 0.49%
- 1Y
- 0.49%
- 3Y*
- 0.96%
- 5Y*
- 0.96%
- 10Y*
- —
- ALL TIME*
- 1.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$0.00 | CA$0.00 | CA$0.00 | |
| CA$409.30 | CA$5.79K | CA$2.57K |
ISIF.TO vs. CSBG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISIF.TO IA Clarington Strategic Income Fund | 6.17% | 12.42% | 11.91% | 6.17% | -5.63% | 4.87% |
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF | 0.49% | 0.00% | 1.17% | 1.22% | 0.27% | 2.60% |
Correlation
The correlation between ISIF.TO and CSBG.NEO is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2021 | -0.00 |
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Return for Risk
ISIF.TO vs. CSBG.NEO — Risk / Return Rank
ISIF.TO
CSBG.NEO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ISIF.TO vs. CSBG.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IA Clarington Strategic Income Fund (ISIF.TO) and CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO). 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 | CSBG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | — | — |
| Martin ratioReturn relative to average drawdown | 10.30 | — | — |
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Drawdowns
ISIF.TO vs. CSBG.NEO - Drawdown Comparison
The maximum ISIF.TO drawdown since its inception was -18.65%, which is greater than CSBG.NEO's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for ISIF.TO and CSBG.NEO.
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Drawdown Indicators
| ISIF.TO | CSBG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | 0.00% | -18.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | 0.00% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -8.40% | 0.00% | -8.40% |
Max Drawdown (5Y)Largest decline over 5 years | -11.47% | 0.00% | -11.47% |
Current DrawdownCurrent decline from peak | -0.58% | 0.00% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -3.04% | 0.00% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.00% | +1.12% |
Volatility
ISIF.TO vs. CSBG.NEO - Volatility Comparison
IA Clarington Strategic Income Fund (ISIF.TO) has a higher volatility of 5.06% compared to CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO) at 0.49%. This indicates that ISIF.TO's price experiences larger fluctuations and is considered to be riskier than CSBG.NEO 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 | CSBG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 0.49% | +4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 0.49% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 0.49% | +6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.60% | 1.03% | +8.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.25% | 1.11% | +9.14% |
ISIF.TO vs. CSBG.NEO - Expense Ratio Comparison
ISIF.TO has a 0.94% expense ratio, which is higher than CSBG.NEO's 0.90% expense ratio.
Dividends
ISIF.TO vs. CSBG.NEO - Dividend Comparison
ISIF.TO's dividend yield for the trailing twelve months is around 2.78%, more than CSBG.NEO's 0.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF | 0.48% | 0.00% | 1.16% | 1.21% | 0.27% | 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 CSBG.NEO have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSBG.NEO is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSBG.NEO is cheaper with a 0.90% expense ratio, compared with 0.94% for ISIF.TO.
They also come from different issuers: IA Clarington Investments Inc. and CIBC. Their fees differ too: 0.94% for ISIF.TO and 0.90% for CSBG.NEO.
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