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RIFI.TO vs. HAD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RIFI.TO vs. HAD.TO

Last updated Jul 25, 2026
Documentation

RIFI.TO (Russell Investments Fixed Income Pool) and HAD.TO (Global X Active Canadian Bond ETF) are both Total Bond Market funds. Both are actively managed. Over the past 5 years, RIFI.TO returned 0.20%/yr vs 0.05%/yr for HAD.TO. At a 0.30 correlation, their price movements are largely independent.

Performance

RIFI.TO vs. HAD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Russell Investments Fixed Income Pool (RIFI.TO) and Global X Active Canadian Bond ETF (HAD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RIFI.TO achieves a 0.75% return, which is significantly higher than HAD.TO's 0.30% return.

RIFI.TO

1D
0.17%
1M
-1.41%
6M
0.42%
YTD
0.75%
1Y
3.61%
3Y*
4.19%
5Y*
0.20%
10Y*
—
ALL TIME*
1.03%

HAD.TO

1D
0.45%
1M
-1.35%
6M
0.19%
YTD
0.30%
1Y
3.54%
3Y*
4.51%
5Y*
0.05%
10Y*
1.30%
ALL TIME*
1.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HAD.TO

Global X Active Canadian Bond ETF
CA$10.94KCA$12.33KCA$15.28K

RIFI.TO

Russell Investments Fixed Income Pool
CA$25.16KCA$28.29KCA$29.32K

RIFI.TO vs. HAD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
RIFI.TO
Russell Investments Fixed Income Pool		0.75%2.96%4.26%6.17%-11.54%-2.03%7.40%
HAD.TO
Global X Active Canadian Bond ETF		0.30%3.04%4.29%6.25%-12.17%-4.66%8.19%

Correlation

The correlation between RIFI.TO and HAD.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

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

0.32

Correlation (All Time)
Calculated using the full available price history since Jan 22, 2020

0.30

The correlation between RIFI.TO and HAD.TO shifts across timeframes, from 0.30 (all time) to 0.46 (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.

Russell Investments Fixed Income Pool

Global X Active Canadian Bond ETF

Often compared with RIFI.TO:
RIFI.TO vs. PMIF.TORIFI.TO vs. RIIN.TORIFI.TO vs. RIRA.TORIFI.TO vs. RLB.TORIFI.TO vs. DRCU.TORIFI.TO vs. CAGG.TORIFI.TO vs. CDLB.TO
Often compared with HAD.TO:
HAD.TO vs. MKB.TOHAD.TO vs. RLB.TOHAD.TO vs. QBB.TOHAD.TO vs. DRCU.TOHAD.TO vs. DCU.TOHAD.TO vs. HBB.TOHAD.TO vs. XAGH.TO

Return for Risk

RIFI.TO vs. HAD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RIFI.TO
RIFI.TO Risk / Return Rank: 3434
Overall Rank
RIFI.TO Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
RIFI.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
RIFI.TO Omega Ratio Rank: 3838
Omega Ratio Rank
RIFI.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
RIFI.TO Martin Ratio Rank: 3636
Martin Ratio Rank
HAD.TO
HAD.TO Risk / Return Rank: 3030
Overall Rank
HAD.TO Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
HAD.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
HAD.TO Omega Ratio Rank: 2727
Omega Ratio Rank
HAD.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
HAD.TO Martin Ratio Rank: 3131
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.

RIFI.TO vs. HAD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Russell Investments Fixed Income Pool (RIFI.TO) and Global X Active Canadian Bond ETF (HAD.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.

RIFI.TOHAD.TODifference
Sharpe ratioReturn per unit of total volatility
0.75
0.72

+0.02

Sortino ratioReturn per unit of downside risk
1.08
1.07

+0.01

Omega ratioGain probability vs. loss probability

1.18

1.13

+0.05

Calmar ratioReturn relative to maximum drawdown

1.39

1.17

+0.22

Martin ratioReturn relative to average drawdown

3.56

3.02

+0.54

RIFI.TO vs. HAD.TO - Sharpe Ratio Comparison

The current RIFI.TO Sharpe Ratio is 0.75, which is comparable to the HAD.TO Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of RIFI.TO and HAD.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.

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Drawdowns

RIFI.TO vs. HAD.TO - Drawdown Comparison

The maximum RIFI.TO drawdown since its inception was -19.47%, smaller than the maximum HAD.TO drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for RIFI.TO and HAD.TO.

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Drawdown Indicators

RIFI.TOHAD.TODifference

Max Drawdown

Largest peak-to-trough decline

-19.47%

-22.77%

+3.30%

Max Drawdown (1Y)

Largest decline over 1 year

-2.61%

-3.05%

+0.44%

Max Drawdown (3Y)

Largest decline over 3 years

-4.21%

-4.80%

+0.59%

Max Drawdown (5Y)

Largest decline over 5 years

-16.46%

-17.19%

+0.73%

Max Drawdown (10Y)

Largest decline over 10 years

—

-22.77%

—

Current Drawdown

Current decline from peak

-2.96%

-5.02%

+2.06%

Average Drawdown

Average peak-to-trough decline

-8.07%

-5.45%

-2.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.02%

1.17%

-0.15%

Volatility

RIFI.TO vs. HAD.TO - Volatility Comparison

The current volatility for Russell Investments Fixed Income Pool (RIFI.TO) is 1.12%, while Global X Active Canadian Bond ETF (HAD.TO) has a volatility of 1.61%. This indicates that RIFI.TO experiences smaller price fluctuations and is considered to be less risky than HAD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RIFI.TOHAD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.12%

1.61%

-0.49%

Volatility (6M)

Calculated over the trailing 6-month period

3.51%

3.66%

-0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

4.86%

4.91%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.80%

7.06%

-0.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.44%

8.90%

+0.54%

Dividends

RIFI.TO vs. HAD.TO - Dividend Comparison

RIFI.TO's dividend yield for the trailing twelve months is around 4.06%, more than HAD.TO's 3.76% yield.

PositionTTM20252024202320222021202020192018201720162015
HAD.TO
Global X Active Canadian Bond ETF		3.76%3.46%3.14%3.04%3.12%2.09%2.04%2.29%2.64%2.85%2.96%2.61%
RIFI.TO
Russell Investments Fixed Income Pool		4.06%4.04%4.00%3.93%2.03%1.82%1.91%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

RIFI.TO and HAD.TO have a correlation of 0.46, 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: Russell Investments Canada Limited and Global X.

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