XAGG.TO vs. CAGG.TO
XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and CAGG.TO (CI Canadian Aggregate Bond Index ETF) are both Total Bond Market funds. Over the past 3 years, XAGG.TO returned 5.35%/yr vs 4.48%/yr for CAGG.TO. At a 0.21 correlation, their price movements are largely independent.
Performance
XAGG.TO vs. CAGG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XAGG.TO achieves a 2.48% return, which is significantly higher than CAGG.TO's 1.38% return.
XAGG.TO
- 1D
- 0.03%
- 1M
- -0.68%
- 6M
- 0.83%
- YTD
- 2.48%
- 1Y
- 6.31%
- 3Y*
- 5.35%
- 5Y*
- —
- 10Y*
- —
CAGG.TO
- 1D
- 0.02%
- 1M
- -0.32%
- 6M
- 0.74%
- YTD
- 1.38%
- 1Y
- 4.31%
- 3Y*
- 4.48%
- 5Y*
- 0.58%
- 10Y*
- —
XAGG.TO vs. CAGG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 2.48% | 1.66% | 10.15% | 1.14% | -6.66% | 1.36% |
CAGG.TO CI Canadian Aggregate Bond Index ETF | 1.38% | 2.45% | 4.41% | 7.28% | -11.36% | -0.86% |
Correlation
The correlation between XAGG.TO and CAGG.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021 | 0.21 |
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Return for Risk
XAGG.TO vs. CAGG.TO — Risk / Return Rank
XAGG.TO
CAGG.TO
XAGG.TO vs. CAGG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aggregate Bond Index ETF (XAGG.TO) and CI Canadian Aggregate Bond Index ETF (CAGG.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.
| XAGG.TO | CAGG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.58 | +0.01 |
| Martin ratioReturn relative to average drawdown | 3.58 | 3.93 | -0.35 |
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Drawdowns
XAGG.TO vs. CAGG.TO - Drawdown Comparison
The maximum XAGG.TO drawdown since its inception was -12.65%, smaller than the maximum CAGG.TO drawdown of -18.77%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and CAGG.TO.
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Drawdown Indicators
| XAGG.TO | CAGG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.65% | -18.77% | +6.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -2.73% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -6.64% | -4.47% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.68% | — |
Current DrawdownCurrent decline from peak | -2.01% | -1.07% | -0.94% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -5.47% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.10% | +0.82% |
Volatility
XAGG.TO vs. CAGG.TO - Volatility Comparison
iShares U.S. Aggregate Bond Index ETF (XAGG.TO) has a higher volatility of 1.46% compared to CI Canadian Aggregate Bond Index ETF (CAGG.TO) at 1.38%. This indicates that XAGG.TO's price experiences larger fluctuations and is considered to be riskier than CAGG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAGG.TO | CAGG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.38% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.17% | 3.28% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 4.24% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 6.19% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 7.03% | 0.00% |
Dividends
XAGG.TO vs. CAGG.TO - Dividend Comparison
XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, more than CAGG.TO's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CAGG.TO CI Canadian Aggregate Bond Index ETF | 3.55% | 3.36% | 2.82% | 3.25% | 4.11% | 2.42% | 2.77% | 3.00% | 2.74% | 1.51% |
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 4.10% | 3.87% | 3.07% | 2.59% | 1.67% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAGG.TO and CAGG.TO have a correlation of 0.27, 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: iShares and CI.
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