RUSB.TO vs. CAGS.TO
RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and CAGS.TO (CI Canadian Short-Term Aggregate Bond Index ETF) are both Short-Term Bond funds. Over the past 5 years, RUSB.TO returned 4.61%/yr vs 2.15%/yr for CAGS.TO. At a 0.09 correlation, their price movements are largely independent.
Performance
RUSB.TO vs. CAGS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RUSB.TO achieves a 3.34% return, which is significantly higher than CAGS.TO's 1.23% return.
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
CAGS.TO
- 1D
- 0.15%
- 1M
- -0.10%
- 6M
- 1.00%
- YTD
- 1.23%
- 1Y
- 3.19%
- 3Y*
- 5.04%
- 5Y*
- 2.15%
- 10Y*
- —
RUSB.TO vs. CAGS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 2.36% | 7.83% | -0.13% |
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 1.23% | 3.95% | 6.07% | 5.02% | -4.30% | -1.22% | 4.47% | 4.33% | 1.41% | -0.18% |
Correlation
The correlation between RUSB.TO and CAGS.TO is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2017 | 0.09 |
The correlation between RUSB.TO and CAGS.TO shifts across timeframes, from -0.04 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RUSB.TO vs. CAGS.TO — Risk / Return Rank
RUSB.TO
CAGS.TO
RUSB.TO vs. CAGS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) and CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.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.
| RUSB.TO | CAGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.40 | -0.59 |
| Martin ratioReturn relative to average drawdown | 3.97 | 7.27 | -3.30 |
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Drawdowns
RUSB.TO vs. CAGS.TO - Drawdown Comparison
The maximum RUSB.TO drawdown since its inception was -14.28%, which is greater than CAGS.TO's maximum drawdown of -11.60%. Use the drawdown chart below to compare losses from any high point for RUSB.TO and CAGS.TO.
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Drawdown Indicators
| RUSB.TO | CAGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.28% | -11.60% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -1.33% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -1.33% | -3.93% |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | -7.58% | -0.52% |
Current DrawdownCurrent decline from peak | -1.54% | -0.23% | -1.31% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -1.45% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.44% | +1.20% |
Volatility
RUSB.TO vs. CAGS.TO - Volatility Comparison
RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to CI Canadian Short-Term Aggregate Bond Index ETF (CAGS.TO) at 0.71%. This indicates that RUSB.TO's price experiences larger fluctuations and is considered to be riskier than CAGS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RUSB.TO | CAGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.71% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.62% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 2.07% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 2.76% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 4.63% | +2.33% |
Dividends
RUSB.TO vs. CAGS.TO - Dividend Comparison
RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, more than CAGS.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAGS.TO CI Canadian Short-Term Aggregate Bond Index ETF | 3.28% | 3.16% | 3.37% | 2.62% | 2.61% | 1.96% | 2.59% | 2.83% | 2.72% | 1.06% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
Frequently Asked Questions
RUSB.TO and CAGS.TO have a correlation of -0.04, 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: RBC and CI.
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