XCBG.TO vs. CACB.TO
XCBG.TO (iShares ESG Advanced Canadian Corporate Bond Index ETF) and CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. XCBG.TO is passively managed, while CACB.TO is actively managed. Over the past 3 years, XCBG.TO returned 5.93%/yr vs 6.64%/yr for CACB.TO. A 0.52 correlation means they provide meaningful diversification when combined. XCBG.TO charges 0.17%/yr vs 0.40%/yr for CACB.TO.
Performance
XCBG.TO vs. CACB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCBG.TO achieves a 1.59% return, which is significantly lower than CACB.TO's 1.98% return.
XCBG.TO
- 1D
- -0.08%
- 1M
- 1.47%
- YTD
- 1.59%
- 6M
- 1.49%
- 1Y
- 3.86%
- 3Y*
- 5.93%
- 5Y*
- —
- 10Y*
- —
CACB.TO
- 1D
- 0.00%
- 1M
- 1.83%
- YTD
- 1.98%
- 6M
- 1.75%
- 1Y
- 4.87%
- 3Y*
- 6.64%
- 5Y*
- 3.34%
- 10Y*
- —
XCBG.TO vs. CACB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 1.59% | 4.21% | 6.79% | 7.45% | -7.40% | -1.10% |
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 1.98% | 4.34% | 7.21% | 10.68% | -8.04% | 0.41% |
Correlation
The correlation between XCBG.TO and CACB.TO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.52 |
The correlation between XCBG.TO and CACB.TO has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.
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Return for Risk
XCBG.TO vs. CACB.TO — Risk / Return Rank
XCBG.TO
CACB.TO
XCBG.TO vs. CACB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) and CIBC Active Investment Grade Corporate Bond ETF (CACB.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.
| XCBG.TO | CACB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.89 | +0.02 |
| Martin ratioReturn relative to average drawdown | 5.93 | 5.75 | +0.18 |
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
| XCBG.TO | CACB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.35 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.76 | -0.23 |
Drawdowns
XCBG.TO vs. CACB.TO - Drawdown Comparison
The maximum XCBG.TO drawdown since its inception was -12.14%, smaller than the maximum CACB.TO drawdown of -12.97%. Use the drawdown chart below to compare losses from any high point for XCBG.TO and CACB.TO.
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Drawdown Indicators
| XCBG.TO | CACB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -12.97% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -2.59% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -2.26% | -3.15% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.87% | — |
Current DrawdownCurrent decline from peak | -0.08% | 0.00% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -2.52% | -1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.85% | -0.20% |
Volatility
XCBG.TO vs. CACB.TO - Volatility Comparison
The current volatility for iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) is 1.07%, while CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) has a volatility of 1.36%. This indicates that XCBG.TO experiences smaller price fluctuations and is considered to be less risky than CACB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCBG.TO | CACB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.36% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 2.79% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.95% | 3.64% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.21% | 5.66% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.21% | 6.24% | -2.03% |
XCBG.TO vs. CACB.TO - Expense Ratio Comparison
XCBG.TO has a 0.17% expense ratio, which is lower than CACB.TO's 0.40% expense ratio.
Dividends
XCBG.TO vs. CACB.TO - Dividend Comparison
XCBG.TO's dividend yield for the trailing twelve months is around 3.93%, less than CACB.TO's 4.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 4.40% | 4.46% | 4.24% | 5.48% | 4.97% | 4.64% | 4.58% | 4.60% |
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 3.93% | 3.84% | 3.61% | 3.19% | 2.99% | 0.87% | 0.00% | 0.00% |
Frequently Asked Questions
XCBG.TO and CACB.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCBG.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCBG.TO is cheaper with a 0.17% expense ratio, compared with 0.40% for CACB.TO.
They also come from different issuers: iShares and CIBC. Their fees differ too: 0.17% for XCBG.TO and 0.40% for CACB.TO.
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