ONEB.TO vs. CDLB.TO
ONEB.TO (CI North American Core Plus Bond ETF) and CDLB.TO (CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series) are both Intermediate Core-Plus Bond funds. Both are actively managed. Over the past 5 years, ONEB.TO returned 1.58%/yr vs -0.77%/yr for CDLB.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
ONEB.TO vs. CDLB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ONEB.TO achieves a 0.73% return, which is significantly higher than CDLB.TO's -0.79% return.
ONEB.TO
- 1D
- 0.27%
- 1M
- -0.77%
- 6M
- 0.47%
- YTD
- 0.73%
- 1Y
- 2.81%
- 3Y*
- 4.29%
- 5Y*
- 1.58%
- 10Y*
- —
- ALL TIME*
- 2.16%
CDLB.TO
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- -0.19%
- YTD
- -0.79%
- 1Y
- 2.54%
- 3Y*
- 3.03%
- 5Y*
- -0.77%
- 10Y*
- —
- ALL TIME*
- 0.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$18.24K | CA$16.16K | CA$15.64K | |
| CA$27.08K | CA$74.29K | CA$55.12K |
ONEB.TO vs. CDLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ONEB.TO CI North American Core Plus Bond ETF | 0.73% | 2.57% | 5.27% | 5.08% | -4.32% | -2.01% | 3.57% |
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series | -0.79% | 5.44% | 2.59% | 2.39% | -12.02% | -0.11% | 3.68% |
Correlation
The correlation between ONEB.TO and CDLB.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 8, 2020 | 0.20 |
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Return for Risk
ONEB.TO vs. CDLB.TO — Risk / Return Rank
ONEB.TO
CDLB.TO
ONEB.TO vs. CDLB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI North American Core Plus Bond ETF (ONEB.TO) and CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.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.
| ONEB.TO | CDLB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 1.21 | +0.36 |
| Martin ratioReturn relative to average drawdown | 3.95 | 2.44 | +1.52 |
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Drawdowns
ONEB.TO vs. CDLB.TO - Drawdown Comparison
The maximum ONEB.TO drawdown since its inception was -11.25%, smaller than the maximum CDLB.TO drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for ONEB.TO and CDLB.TO.
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Drawdown Indicators
| ONEB.TO | CDLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.25% | -16.85% | +5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.79% | -2.11% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.79% | -5.00% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -7.60% | -16.85% | +9.25% |
Current DrawdownCurrent decline from peak | -0.77% | -3.95% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -2.01% | -6.43% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 1.05% | -0.34% |
Volatility
ONEB.TO vs. CDLB.TO - Volatility Comparison
The current volatility for CI North American Core Plus Bond ETF (ONEB.TO) is 0.83%, while CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.TO) has a volatility of 0.97%. This indicates that ONEB.TO experiences smaller price fluctuations and is considered to be less risky than CDLB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONEB.TO | CDLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.97% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 2.50% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.86% | 3.89% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 5.37% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.41% | 4.91% | +0.50% |
Dividends
ONEB.TO vs. CDLB.TO - Dividend Comparison
ONEB.TO's dividend yield for the trailing twelve months is around 2.96%, less than CDLB.TO's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series | 4.56% | 4.45% | 4.35% | 3.87% | 2.81% | 2.38% | 1.14% | 0.00% | 0.00% |
ONEB.TO CI North American Core Plus Bond ETF | 2.96% | 2.48% | 2.73% | 2.74% | 2.72% | 1.89% | 2.60% | 2.14% | 0.18% |
Frequently Asked Questions
ONEB.TO and CDLB.TO have a correlation of 0.25, 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: CI and CI Global Asset Management.
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