MFT.TO vs. CACB.TO
MFT.TO (Mackenzie Floating Rate Income ETF) and CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, MFT.TO returned 3.83%/yr vs 2.04%/yr for CACB.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
MFT.TO vs. CACB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MFT.TO achieves a 3.12% return, which is significantly higher than CACB.TO's 1.34% return.
MFT.TO
- 1D
- 0.38%
- 1M
- 0.92%
- 6M
- 2.86%
- YTD
- 3.12%
- 1Y
- 2.89%
- 3Y*
- 5.69%
- 5Y*
- 3.83%
- 10Y*
- 4.32%
CACB.TO
- 1D
- -0.25%
- 1M
- -0.52%
- 6M
- 0.69%
- YTD
- 1.34%
- 1Y
- 4.72%
- 3Y*
- 6.20%
- 5Y*
- 2.04%
- 10Y*
- —
MFT.TO vs. CACB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MFT.TO Mackenzie Floating Rate Income ETF | 3.12% | 0.81% | 8.84% | 11.99% | -6.31% | 5.56% | -0.64% | 4.20% |
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 1.34% | 4.34% | 7.21% | 8.55% | -9.72% | -2.45% | 9.82% | 7.33% |
Correlation
The correlation between MFT.TO and CACB.TO is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2019 | 0.04 |
The correlation between MFT.TO and CACB.TO shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MFT.TO vs. CACB.TO — Risk / Return Rank
MFT.TO
CACB.TO
MFT.TO vs. CACB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Floating Rate Income ETF (MFT.TO) and CIBC Active Investment Grade Corporate Bond ETF (CACB.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.
| MFT.TO | CACB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.83 | +0.36 |
| Martin ratioReturn relative to average drawdown | 5.24 | 5.66 | -0.42 |
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Drawdowns
MFT.TO vs. CACB.TO - Drawdown Comparison
The maximum MFT.TO drawdown since its inception was -20.87%, which is greater than CACB.TO's maximum drawdown of -15.56%. Use the drawdown chart below to compare losses from any high point for MFT.TO and CACB.TO.
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Drawdown Indicators
| MFT.TO | CACB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -15.56% | -5.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.33% | -2.59% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -3.36% | -0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -7.45% | -14.52% | +7.07% |
Max Drawdown (10Y)Largest decline over 10 years | -20.87% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.77% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -1.38% | -3.83% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.84% | -0.29% |
Volatility
MFT.TO vs. CACB.TO - Volatility Comparison
The current volatility for Mackenzie Floating Rate Income ETF (MFT.TO) is 0.86%, while CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) has a volatility of 1.20%. This indicates that MFT.TO experiences smaller price fluctuations and is considered to be less risky than CACB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MFT.TO | CACB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.20% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 2.91% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.60% | 3.72% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.72% | 5.66% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 6.16% | -1.06% |
Dividends
MFT.TO vs. CACB.TO - Dividend Comparison
MFT.TO's dividend yield for the trailing twelve months is around 8.24%, more than CACB.TO's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 4.45% | 4.46% | 4.24% | 3.59% | 3.11% | 2.78% | 2.41% | 2.45% | 0.00% | 0.00% | 0.00% |
MFT.TO Mackenzie Floating Rate Income ETF | 8.24% | 8.57% | 9.44% | 10.40% | 6.26% | 3.89% | 6.18% | 6.97% | 6.14% | 4.84% | 3.94% |
Frequently Asked Questions
MFT.TO and CACB.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Mackenzie and CIBC.
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