XIG.TO vs. CACB.TO
XIG.TO (iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. XIG.TO is passively managed, while CACB.TO is actively managed. Over the past 5 years, XIG.TO returned -1.19%/yr vs 3.23%/yr for CACB.TO. At a 0.40 correlation, their price movements are largely independent. XIG.TO charges 0.32%/yr vs 0.40%/yr for CACB.TO.
Performance
XIG.TO vs. CACB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIG.TO achieves a -0.11% return, which is significantly lower than CACB.TO's 1.47% return.
XIG.TO
- 1D
- 0.18%
- 1M
- 0.44%
- YTD
- -0.11%
- 6M
- -0.46%
- 1Y
- 3.57%
- 3Y*
- 3.45%
- 5Y*
- -1.19%
- 10Y*
- 1.47%
CACB.TO
- 1D
- -0.50%
- 1M
- 1.27%
- YTD
- 1.47%
- 6M
- 1.44%
- 1Y
- 4.24%
- 3Y*
- 6.44%
- 5Y*
- 3.23%
- 10Y*
- —
XIG.TO vs. CACB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XIG.TO iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) | -0.11% | 5.93% | -0.39% | 8.08% | -18.91% | -1.72% | 9.75% | 12.74% |
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 1.47% | 4.34% | 7.21% | 10.68% | -8.04% | -0.64% | 12.31% | 7.89% |
Correlation
The correlation between XIG.TO and CACB.TO is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.40 |
The correlation between XIG.TO and CACB.TO shifts across timeframes, from 0.40 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XIG.TO vs. CACB.TO — Risk / Return Rank
XIG.TO
CACB.TO
XIG.TO vs. CACB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.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.
| XIG.TO | CACB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.65 | -0.67 |
| Martin ratioReturn relative to average drawdown | 2.54 | 5.01 | -2.47 |
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
| XIG.TO | CACB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.16 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.57 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.75 | -0.29 |
Drawdowns
XIG.TO vs. CACB.TO - Drawdown Comparison
The maximum XIG.TO drawdown since its inception was -25.49%, which is greater than CACB.TO's maximum drawdown of -12.97%. Use the drawdown chart below to compare losses from any high point for XIG.TO and CACB.TO.
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Drawdown Indicators
| XIG.TO | CACB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.49% | -12.97% | -12.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.66% | -2.59% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -3.15% | -5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.48% | -12.87% | -12.61% |
Max Drawdown (10Y)Largest decline over 10 years | -25.49% | — | — |
Current DrawdownCurrent decline from peak | -9.22% | -0.50% | -8.72% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -2.52% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.85% | +0.56% |
Volatility
XIG.TO vs. CACB.TO - Volatility Comparison
iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO) has a higher volatility of 1.75% compared to CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) at 1.48%. This indicates that XIG.TO's price experiences larger fluctuations and is considered to be riskier 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
| XIG.TO | CACB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 1.48% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.10% | 2.83% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 3.67% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 5.67% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.92% | 6.24% | +2.68% |
XIG.TO vs. CACB.TO - Expense Ratio Comparison
XIG.TO has a 0.32% expense ratio, which is lower than CACB.TO's 0.40% expense ratio.
Dividends
XIG.TO vs. CACB.TO - Dividend Comparison
XIG.TO's dividend yield for the trailing twelve months is around 4.33%, less than CACB.TO's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 4.42% | 4.46% | 4.24% | 5.48% | 4.97% | 4.64% | 4.58% | 4.60% | 0.00% | 0.00% | 0.00% | 0.00% |
XIG.TO iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.33% | 4.33% | 4.45% | 3.88% | 3.23% | 2.21% | 2.62% | 3.07% | 3.42% | 2.87% | 3.27% | 3.10% |
Frequently Asked Questions
XIG.TO and CACB.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIG.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIG.TO is cheaper with a 0.32% expense ratio, compared with 0.40% for CACB.TO.
They also come from different issuers: iShares and CIBC. Their fees differ too: 0.32% for XIG.TO and 0.40% for CACB.TO.
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