PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ONEB.TO vs. CIC.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ONEB.TO vs. CIC.TO

Last updated Jul 1, 2026
See Documentation

ONEB.TO (CI North American Core Plus Bond ETF) and CIC.TO (CI Canadian Banks Covered Call Income Class ETF) are both exchange-traded funds - ONEB.TO is a Intermediate Core-Plus Bond fund actively managed by CI, while CIC.TO is a Financials Equities fund actively managed by CI. Both are actively managed. Over the past 5 years, ONEB.TO returned 1.83%/yr vs 16.38%/yr for CIC.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

ONEB.TO vs. CIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI North American Core Plus Bond ETF (ONEB.TO) and CI Canadian Banks Covered Call Income Class ETF (CIC.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ONEB.TO achieves a 1.50% return, which is significantly lower than CIC.TO's 26.10% return.

ONEB.TO

1D
0.18%
1M
0.44%
YTD
1.50%
6M
1.58%
1Y
2.81%
3Y*
4.53%
5Y*
1.83%
10Y*
—

CIC.TO

1D
0.64%
1M
9.33%
YTD
26.10%
6M
25.61%
1Y
57.81%
3Y*
29.54%
5Y*
16.38%
10Y*
13.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ONEB.TO vs. CIC.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
ONEB.TO
CI North American Core Plus Bond ETF		1.50%2.57%5.27%5.08%-4.32%-2.01%5.25%3.89%0.76%
CIC.TO
CI Canadian Banks Covered Call Income Class ETF		26.10%35.32%21.30%6.58%-10.99%33.76%1.89%14.12%-7.61%

Correlation

The correlation between ONEB.TO and CIC.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

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2018

0.04

The correlation between ONEB.TO and CIC.TO shifts across timeframes, from 0.04 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI North American Core Plus Bond ETF

CI Canadian Banks Covered Call Income Class ETF

Often compared with CIC.TO:
CIC.TO vs. HEB.TOCIC.TO vs. FMAX.TOCIC.TO vs. CCOM.TOCIC.TO vs. ZEB.TOCIC.TO vs. CMNY.TOCIC.TO vs. ZWB.TOCIC.TO vs. VXM-B.TO

Return for Risk

ONEB.TO vs. CIC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONEB.TO
ONEB.TO Risk / Return Rank: 3030
Overall Rank
ONEB.TO Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
ONEB.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
ONEB.TO Omega Ratio Rank: 2929
Omega Ratio Rank
ONEB.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
ONEB.TO Martin Ratio Rank: 3030
Martin Ratio Rank
CIC.TO
CIC.TO Risk / Return Rank: 9797
Overall Rank
CIC.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CIC.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
CIC.TO Omega Ratio Rank: 9898
Omega Ratio Rank
CIC.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
CIC.TO Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ONEB.TO vs. CIC.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 Canadian Banks Covered Call Income Class ETF (CIC.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.TOCIC.TODifference
Sharpe ratioReturn per unit of total volatility
0.98
5.09

-4.11

Sortino ratioReturn per unit of downside risk
1.36
6.94

-5.58

Omega ratioGain probability vs. loss probability

1.18

1.97

-0.79

Calmar ratioReturn relative to maximum drawdown

1.58

7.06

-5.48

Martin ratioReturn relative to average drawdown

3.86

33.08

-29.23

ONEB.TO vs. CIC.TO - Sharpe Ratio Comparison

The current ONEB.TO Sharpe Ratio is 0.98, which is lower than the CIC.TO Sharpe Ratio of 5.09. The chart below compares the historical Sharpe Ratios of ONEB.TO and CIC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ONEB.TO vs. CIC.TO - Drawdown Comparison

The maximum ONEB.TO drawdown since its inception was -11.25%, smaller than the maximum CIC.TO drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for ONEB.TO and CIC.TO.

Loading charts...

Drawdown Indicators

ONEB.TOCIC.TODifference

Max Drawdown

Largest peak-to-trough decline

-11.25%

-38.55%

+27.30%

Max Drawdown (1Y)

Largest decline over 1 year

-1.79%

-8.23%

+6.44%

Max Drawdown (3Y)

Largest decline over 3 years

-1.79%

-14.32%

+12.53%

Max Drawdown (5Y)

Largest decline over 5 years

-7.60%

-26.34%

+18.74%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.55%

—

Current Drawdown

Current decline from peak

-0.02%

0.00%

-0.02%

Average Drawdown

Average peak-to-trough decline

-2.03%

-5.47%

+3.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.73%

1.75%

-1.02%

Volatility

ONEB.TO vs. CIC.TO - Volatility Comparison

The current volatility for CI North American Core Plus Bond ETF (ONEB.TO) is 0.81%, while CI Canadian Banks Covered Call Income Class ETF (CIC.TO) has a volatility of 2.60%. This indicates that ONEB.TO experiences smaller price fluctuations and is considered to be less risky than CIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ONEB.TOCIC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.81%

2.60%

-1.79%

Volatility (6M)

Calculated over the trailing 6-month period

2.14%

9.90%

-7.76%

Volatility (1Y)

Calculated over the trailing 1-year period

2.87%

11.44%

-8.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.45%

12.80%

-9.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.43%

16.26%

-10.83%

Dividends

ONEB.TO vs. CIC.TO - Dividend Comparison

ONEB.TO's dividend yield for the trailing twelve months is around 2.94%, less than CIC.TO's 4.94% yield.

PositionTTM20252024202320222021202020192018201720162015
CIC.TO
CI Canadian Banks Covered Call Income Class ETF		4.94%5.17%6.71%7.37%7.64%5.48%9.56%6.16%6.61%5.68%6.72%7.31%
ONEB.TO
CI North American Core Plus Bond ETF		2.94%2.48%2.73%2.74%2.72%1.89%2.60%2.14%0.18%0.00%0.00%0.00%

Frequently Asked Questions

ONEB.TO and CIC.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.

ONEB.TO is categorized as Intermediate Core-Plus Bond, while CIC.TO is Financials Equities.

Portfolio Optimizer

Find the right allocation for ONEB.TO and CIC.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