XAGG.TO vs. CDLB.TO
XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and CDLB.TO (CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series) are both exchange-traded funds - XAGG.TO is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while CDLB.TO is a Intermediate Core-Plus Bond fund actively managed by CI Global Asset Management. XAGG.TO is passively managed, while CDLB.TO is actively managed. Over the past 3 years, XAGG.TO returned 4.71%/yr vs 3.08%/yr for CDLB.TO. At a 0.10 correlation, their price movements are largely independent. XAGG.TO charges 0.10%/yr vs 0.85%/yr for CDLB.TO.
Performance
XAGG.TO vs. CDLB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XAGG.TO achieves a 0.76% return, which is significantly higher than CDLB.TO's -0.54% return.
XAGG.TO
- 1D
- 0.00%
- 1M
- 1.87%
- YTD
- 0.76%
- 6M
- -0.88%
- 1Y
- 5.87%
- 3Y*
- 4.71%
- 5Y*
- —
- 10Y*
- —
CDLB.TO
- 1D
- 0.31%
- 1M
- 0.19%
- YTD
- -0.54%
- 6M
- -0.14%
- 1Y
- 3.58%
- 3Y*
- 3.08%
- 5Y*
- -0.60%
- 10Y*
- —
XAGG.TO vs. CDLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 0.76% | 1.84% | 10.40% | 1.08% | -6.23% | -1.74% |
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series | -0.54% | 5.44% | 2.59% | 2.12% | -12.02% | -0.02% |
Correlation
The correlation between XAGG.TO and CDLB.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2021 | 0.10 |
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Return for Risk
XAGG.TO vs. CDLB.TO — Risk / Return Rank
XAGG.TO
CDLB.TO
XAGG.TO vs. CDLB.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 DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.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.
| XAGG.TO | CDLB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.70 | +0.05 |
| Martin ratioReturn relative to average drawdown | 3.67 | 4.08 | -0.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XAGG.TO | CDLB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.99 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.00 | +0.22 |
Drawdowns
XAGG.TO vs. CDLB.TO - Drawdown Comparison
The maximum XAGG.TO drawdown since its inception was -12.43%, smaller than the maximum CDLB.TO drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and CDLB.TO.
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Drawdown Indicators
| XAGG.TO | CDLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -17.06% | +4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -2.11% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -6.98% | -5.63% | -1.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.06% | — |
Current DrawdownCurrent decline from peak | -2.01% | -3.97% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -6.60% | +2.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 0.88% | +2.68% |
Volatility
XAGG.TO vs. CDLB.TO - Volatility Comparison
iShares U.S. Aggregate Bond Index ETF (XAGG.TO) has a higher volatility of 1.83% compared to CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.TO) at 1.10%. This indicates that XAGG.TO's price experiences larger fluctuations and is considered to be riskier than CDLB.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 | CDLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.10% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 2.32% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 3.64% | +2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 5.25% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.62% | 4.85% | +4.77% |
XAGG.TO vs. CDLB.TO - Expense Ratio Comparison
XAGG.TO has a 0.10% expense ratio, which is lower than CDLB.TO's 0.85% expense ratio.
Dividends
XAGG.TO vs. CDLB.TO - Dividend Comparison
XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, less than CDLB.TO's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series | 4.69% | 4.45% | 4.35% | 3.60% | 2.81% | 2.38% | 1.14% |
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 4.10% | 3.86% | 3.07% | 2.59% | 1.67% | 1.04% | 0.00% |
Frequently Asked Questions
XAGG.TO and CDLB.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAGG.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAGG.TO is cheaper with a 0.10% expense ratio, compared with 0.85% for CDLB.TO.
XAGG.TO is categorized as Total Bond Market, while CDLB.TO is Intermediate Core-Plus Bond. They also come from different issuers: iShares and CI Global Asset Management. Their fees differ too: 0.10% for XAGG.TO and 0.85% for CDLB.TO.
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