XAGH.TO vs. CDLB.TO

Last updated Jun 26, 2026

XAGH.TO (iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)) and CDLB.TO (CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series) are both exchange-traded funds - XAGH.TO is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index (CAD-Hedged), while CDLB.TO is a Intermediate Core-Plus Bond fund actively managed by CI Global Asset Management. XAGH.TO is passively managed, while CDLB.TO is actively managed. At a 0.30 correlation, their price movements are largely independent. XAGH.TO charges 0.18%/yr vs 0.85%/yr for CDLB.TO.

Performance

XAGH.TO vs. CDLB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) and CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series (CDLB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XAGH.TO

• 1D: 0.02%
• 1M: 0.72%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CDLB.TO

• 1D: 0.25%
• 1M: 0.19%
• YTD: -0.60%
• 6M: -0.60%
• 1Y: 2.43%
• 3Y*: 3.05%
• 5Y*: -0.60%
• 10Y*: —

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

XAGH.TO vs. CDLB.TO - Yearly Performance Comparison

	2026 (YTD)
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	0.21%
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series	-0.60%

Correlation

The correlation between XAGH.TO and CDLB.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.30

Return for Risk

XAGH.TO vs. CDLB.TO — Risk / Return Rank

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

XAGH.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CDLB.TO

CDLB.TO Risk / Return Rank: 24
CDLB.TO Sharpe Ratio Rank: 20
CDLB.TO Sortino Ratio Rank: 18
CDLB.TO Omega Ratio Rank: 34
CDLB.TO Calmar Ratio Rank: 26
CDLB.TO Martin Ratio Rank: 21

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.

XAGH.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 (CAD-Hedged) (XAGH.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.

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.

	XAGH.TO	CDLB.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	0.65	—
Sortino ratio: Return per unit of downside risk	—	0.96	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.19	—
Martin ratio: Return relative to average drawdown	—	2.53	—

Drawdowns

XAGH.TO vs. CDLB.TO - Drawdown Comparison

The maximum XAGH.TO drawdown since its inception was -3.18%, smaller than the maximum CDLB.TO drawdown of -17.06%. Use the drawdown chart below to compare losses from any high point for XAGH.TO and CDLB.TO.

Drawdown Indicators

	XAGH.TO	CDLB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-3.18%	-17.06%	+13.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.06%	—
Current Drawdown Current decline from peak	-1.47%	-4.02%	+2.55%
Average Drawdown Average peak-to-trough decline	-1.36%	-6.58%	+5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	XAGH.TO	CDLB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	3.89%	+1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	5.37%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	4.93%	+0.08%

XAGH.TO vs. CDLB.TO - Expense Ratio Comparison

XAGH.TO has a 0.18% expense ratio, which is lower than CDLB.TO's 0.85% expense ratio.

Dividends

XAGH.TO vs. CDLB.TO - Dividend Comparison

XAGH.TO's dividend yield for the trailing twelve months is around 1.89%, less than CDLB.TO's 4.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
CDLB.TO CI DoubleLine Total Return Bond US$ Fund ETF C$ Hedged Series	4.55%	4.45%	4.35%	3.60%	2.81%	2.38%	1.14%
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAGH.TO and CDLB.TO in my portfolio?

XAGH.TO and CDLB.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XAGH.TO or CDLB.TO?

On fees, XAGH.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAGH.TO or CDLB.TO?

XAGH.TO is cheaper with a 0.18% expense ratio, compared with 0.85% for CDLB.TO.

What is the main difference between XAGH.TO and CDLB.TO?

XAGH.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: 0.18% for XAGH.TO and 0.85% for CDLB.TO.