XFLI.TO vs. IFRF.TO
XFLI.TO (iShares Flexible Monthly Income ETF CAD) and IFRF.TO (IA Clarington Loomis Floating Rate Income Fund) are both exchange-traded funds - XFLI.TO is a High Yield Bonds fund actively managed by iShares, while IFRF.TO is a Bank Loan fund actively managed by IA Clarington Investments Inc.. Both are actively managed. Over the past year, XFLI.TO returned 7.23% vs 1.55% for IFRF.TO. At a correlation of -0.04, they often move in opposite directions.
Performance
XFLI.TO vs. IFRF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XFLI.TO achieves a 3.13% return, which is significantly higher than IFRF.TO's 1.18% return.
XFLI.TO
- 1D
- 0.10%
- 1M
- -1.53%
- 6M
- 2.95%
- YTD
- 3.13%
- 1Y
- 7.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 6.32%
IFRF.TO
- 1D
- 0.00%
- 1M
- 0.52%
- 6M
- 0.79%
- YTD
- 1.18%
- 1Y
- 1.55%
- 3Y*
- 2.46%
- 5Y*
- 1.67%
- 10Y*
- —
- ALL TIME*
- 1.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$79.18 | CA$1.23K | CA$15.94K | |
| CA$99.87K | CA$131.75K | CA$126.08K |
XFLI.TO vs. IFRF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFLI.TO iShares Flexible Monthly Income ETF CAD | 3.13% | 2.07% | 6.23% |
IFRF.TO IA Clarington Loomis Floating Rate Income Fund | 1.18% | 0.01% | 2.28% |
Correlation
The correlation between XFLI.TO and IFRF.TO is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024 | -0.04 |
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Return for Risk
XFLI.TO vs. IFRF.TO — Risk / Return Rank
XFLI.TO
IFRF.TO
XFLI.TO vs. IFRF.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 IA Clarington Loomis Floating Rate Income Fund (IFRF.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 | IFRF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.09 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.93 | +0.82 |
| Martin ratioReturn relative to average drawdown | 3.69 | 2.02 | +1.66 |
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Drawdowns
XFLI.TO vs. IFRF.TO - Drawdown Comparison
The maximum XFLI.TO drawdown since its inception was -6.92%, smaller than the maximum IFRF.TO drawdown of -21.67%. Use the drawdown chart below to compare losses from any high point for XFLI.TO and IFRF.TO.
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Drawdown Indicators
| XFLI.TO | IFRF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.92% | -21.67% | +14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -1.67% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.54% | — |
Current DrawdownCurrent decline from peak | -2.13% | 0.00% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.05% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.77% | +1.19% |
Volatility
XFLI.TO vs. IFRF.TO - Volatility Comparison
iShares Flexible Monthly Income ETF CAD (XFLI.TO) and IA Clarington Loomis Floating Rate Income Fund (IFRF.TO) have volatilities of 1.06% and 1.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFLI.TO | IFRF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.05% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 2.66% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 3.70% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 4.51% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 8.81% | -2.50% |
Dividends
XFLI.TO vs. IFRF.TO - Dividend Comparison
XFLI.TO's dividend yield for the trailing twelve months is around 5.45%, less than IFRF.TO's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IFRF.TO IA Clarington Loomis Floating Rate Income Fund | 6.95% | 6.91% | 7.69% | 7.74% | 5.66% | 3.88% | 3.36% | 0.47% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 5.45% | 5.69% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XFLI.TO and IFRF.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XFLI.TO is categorized as High Yield Bonds, while IFRF.TO is Bank Loan. They also come from different issuers: iShares and IA Clarington Investments Inc..
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