XFLI.TO vs. CGHY.TO
XFLI.TO (iShares Flexible Monthly Income ETF CAD) and CGHY.TO (CI High Yield Bond Private Pool ETF C$ Series) are both High Yield Bonds funds. Both are actively managed. Over the past year, XFLI.TO returned 8.64% vs 6.61% for CGHY.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
XFLI.TO vs. CGHY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XFLI.TO achieves a 4.52% return, which is significantly higher than CGHY.TO's 3.26% return.
XFLI.TO
- 1D
- 0.05%
- 1M
- 2.66%
- 6M
- 4.52%
- YTD
- 4.52%
- 1Y
- 8.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CGHY.TO
- 1D
- 0.00%
- 1M
- 0.22%
- 6M
- 2.96%
- YTD
- 3.26%
- 1Y
- 6.61%
- 3Y*
- 8.77%
- 5Y*
- 9.38%
- 10Y*
- 6.73%
XFLI.TO vs. CGHY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFLI.TO iShares Flexible Monthly Income ETF CAD | 4.52% | 2.07% | 6.23% |
CGHY.TO CI High Yield Bond Private Pool ETF C$ Series | 3.26% | 6.19% | 1.92% |
Correlation
The correlation between XFLI.TO and CGHY.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024 | 0.19 |
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Return for Risk
XFLI.TO vs. CGHY.TO — Risk / Return Rank
XFLI.TO
CGHY.TO
XFLI.TO vs. CGHY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Monthly Income ETF CAD (XFLI.TO) and CI High Yield Bond Private Pool ETF C$ Series (CGHY.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.
| XFLI.TO | CGHY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.05 | -0.96 |
| Martin ratioReturn relative to average drawdown | 4.51 | 9.72 | -5.21 |
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Drawdowns
XFLI.TO vs. CGHY.TO - Drawdown Comparison
The maximum XFLI.TO drawdown since its inception was -6.92%, smaller than the maximum CGHY.TO drawdown of -24.44%. Use the drawdown chart below to compare losses from any high point for XFLI.TO and CGHY.TO.
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Drawdown Indicators
| XFLI.TO | CGHY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.92% | -24.44% | +17.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -2.18% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.44% | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.10% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -2.04% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.68% | +1.24% |
Volatility
XFLI.TO vs. CGHY.TO - Volatility Comparison
The current volatility for iShares Flexible Monthly Income ETF CAD (XFLI.TO) is 2.22%, while CI High Yield Bond Private Pool ETF C$ Series (CGHY.TO) has a volatility of 2.89%. This indicates that XFLI.TO experiences smaller price fluctuations and is considered to be less risky than CGHY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFLI.TO | CGHY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 2.89% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 5.77% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 6.80% | -1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 14.55% | -8.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 12.96% | -6.60% |
Dividends
XFLI.TO vs. CGHY.TO - Dividend Comparison
XFLI.TO's dividend yield for the trailing twelve months is around 5.38%, more than CGHY.TO's 5.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGHY.TO CI High Yield Bond Private Pool ETF C$ Series | 5.02% | 5.40% | 4.99% | 5.14% | 5.08% | 6.32% | 6.08% | 5.65% | 5.91% | 5.45% | 5.57% | 4.73% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 5.38% | 5.69% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XFLI.TO and CGHY.TO have a correlation of 0.19, 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 Global Asset Management.
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