VRIF.TO vs. CSBG.NEO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Retirement Income ETF Portfolio (VRIF.TO) and CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO).

VRIF.TO and CSBG.NEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VRIF.TO is an actively managed fund by Vanguard. It was launched on Sep 9, 2020. CSBG.NEO is an actively managed fund by CIBC. It was launched on Jun 18, 2021.

Performance

VRIF.TO vs. CSBG.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Retirement Income ETF Portfolio (VRIF.TO) and CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO). The values are adjusted to include any dividend payments, if applicable.

VRIF.TO vs. CSBG.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VRIF.TO Vanguard Retirement Income ETF Portfolio	0.63%	10.58%	8.44%	8.97%	-11.50%	2.33%
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF	0.00%	0.00%	1.17%	1.22%	1.69%	2.60%

Returns By Period

VRIF.TO

• 1D: 1.19%
• 1M: -2.84%
• YTD: 0.63%
• 6M: 1.95%
• 1Y: 9.14%
• 3Y*: 8.19%
• 5Y*: 4.12%
• 10Y*: —

CSBG.NEO

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.80%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VRIF.TO vs. CSBG.NEO - Expense Ratio Comparison

VRIF.TO has a 0.29% expense ratio, which is lower than CSBG.NEO's 0.90% expense ratio.

CSBG.NEO

CIBC Sustainable Balanced Growth Solution ETF

VRIF.TO

Vanguard Retirement Income ETF Portfolio

Return for Risk

VRIF.TO vs. CSBG.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VRIF.TO

VRIF.TO Risk / Return Rank: 79
VRIF.TO Sharpe Ratio Rank: 81
VRIF.TO Sortino Ratio Rank: 82
VRIF.TO Omega Ratio Rank: 80
VRIF.TO Calmar Ratio Rank: 77
VRIF.TO Martin Ratio Rank: 76

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.

VRIF.TO vs. CSBG.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Retirement Income ETF Portfolio (VRIF.TO) and CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO). 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.

	VRIF.TO	CSBG.NEO	Difference
Sharpe ratio Return per unit of total volatility	1.52	—	—
Sortino ratio Return per unit of downside risk	2.13	—	—
Omega ratio Gain probability vs. loss probability	1.31	—	—
Calmar ratio Return relative to maximum drawdown	2.05	—	—
Martin ratio Return relative to average drawdown	7.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VRIF.TO	CSBG.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.10	-0.27

Correlation

The correlation between VRIF.TO and CSBG.NEO is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VRIF.TO vs. CSBG.NEO - Dividend Comparison

VRIF.TO's dividend yield for the trailing twelve months is around 3.80%, while CSBG.NEO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
VRIF.TO Vanguard Retirement Income ETF Portfolio	3.80%	3.77%	3.96%	4.33%	4.72%	3.86%	1.27%
CSBG.NEO CIBC Sustainable Balanced Growth Solution ETF	0.00%	0.00%	1.16%	1.21%	1.66%	0.00%	0.00%

Drawdowns

VRIF.TO vs. CSBG.NEO - Drawdown Comparison

The maximum VRIF.TO drawdown since its inception was -16.19%, which is greater than CSBG.NEO's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VRIF.TO and CSBG.NEO.

Drawdown Indicators

	VRIF.TO	CSBG.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-16.19%	0.00%	-16.19%
Max Drawdown (1Y) Largest decline over 1 year	-4.55%	0.00%	-4.55%
Max Drawdown (5Y) Largest decline over 5 years	-16.19%	—	—
Current Drawdown Current decline from peak	-2.90%	0.00%	-2.90%
Average Drawdown Average peak-to-trough decline	-3.96%	0.00%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	0.00%	+1.18%

Volatility

VRIF.TO vs. CSBG.NEO - Volatility Comparison

Vanguard Retirement Income ETF Portfolio (VRIF.TO) has a higher volatility of 3.04% compared to CIBC Sustainable Balanced Growth Solution ETF (CSBG.NEO) at 0.00%. This indicates that VRIF.TO's price experiences larger fluctuations and is considered to be riskier than CSBG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VRIF.TO	CSBG.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	0.00%	+3.04%
Volatility (6M) Calculated over the trailing 6-month period	4.02%	0.00%	+4.02%
Volatility (1Y) Calculated over the trailing 1-year period	6.03%	0.00%	+6.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.19%	1.30%	+4.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.23%	1.30%	+4.93%