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XIGS.TO vs. CACB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIGS.TO vs. CACB.TO

Last updated Jun 5, 2026

XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. XIGS.TO is passively managed, while CACB.TO is actively managed. Over the past 3 years, XIGS.TO returned 4.05%/yr vs 6.44%/yr for CACB.TO. At a 0.40 correlation, their price movements are largely independent. XIGS.TO charges 0.16%/yr vs 0.40%/yr for CACB.TO.

Performance

XIGS.TO vs. CACB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) and CIBC Active Investment Grade Corporate Bond ETF (CACB.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XIGS.TO achieves a -0.06% return, which is significantly lower than CACB.TO's 1.47% return.

XIGS.TO

1D
0.08%
1M
0.08%
YTD
-0.06%
6M
0.17%
1Y
2.39%
3Y*
4.05%
5Y*
—
10Y*
—

CACB.TO

1D
-0.50%
1M
1.27%
YTD
1.47%
6M
1.44%
1Y
4.24%
3Y*
6.44%
5Y*
3.23%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIGS.TO vs. CACB.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XIGS.TO
iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)		-0.06%4.82%3.76%5.39%-5.89%-0.97%
CACB.TO
CIBC Active Investment Grade Corporate Bond ETF		1.47%4.34%7.21%10.68%-8.04%0.83%

Correlation

The correlation between XIGS.TO and CACB.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2021

0.40

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)

CIBC Active Investment Grade Corporate Bond ETF

Often compared with XIGS.TO:
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Often compared with CACB.TO:
CACB.TO vs. CAEM.TOCACB.TO vs. XHB.TOCACB.TO vs. XCBG.TOCACB.TO vs. CCAD.TOCACB.TO vs. VCB.TOCACB.TO vs. ZBBB.TOCACB.TO vs. CBH.TO

Return for Risk

XIGS.TO vs. CACB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIGS.TO
XIGS.TO Risk / Return Rank: 3030
Overall Rank
XIGS.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
XIGS.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
XIGS.TO Omega Ratio Rank: 2929
Omega Ratio Rank
XIGS.TO Calmar Ratio Rank: 3131
Calmar Ratio Rank
XIGS.TO Martin Ratio Rank: 3131
Martin Ratio Rank
CACB.TO
CACB.TO Risk / Return Rank: 3333
Overall Rank
CACB.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
CACB.TO Sortino Ratio Rank: 3131
Sortino Ratio Rank
CACB.TO Omega Ratio Rank: 3333
Omega Ratio Rank
CACB.TO Calmar Ratio Rank: 3434
Calmar Ratio Rank
CACB.TO Martin Ratio Rank: 3434
Martin Ratio Rank
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.

XIGS.TO vs. CACB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.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.

XIGS.TOCACB.TODifference
Sharpe ratioReturn per unit of total volatility
1.02
1.16

-0.14

Sortino ratioReturn per unit of downside risk
1.50
1.65

-0.16

Omega ratioGain probability vs. loss probability

1.20

1.22

-0.02

Calmar ratioReturn relative to maximum drawdown

1.49

1.65

-0.15

Martin ratioReturn relative to average drawdown

4.56

5.01

-0.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIGS.TO vs. CACB.TO - Sharpe Ratio Comparison

The current XIGS.TO Sharpe Ratio is 1.02, which is comparable to the CACB.TO Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of XIGS.TO and CACB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XIGS.TOCACB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

1.16

-0.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.57

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.75

-0.34

Drawdowns

XIGS.TO vs. CACB.TO - Drawdown Comparison

The maximum XIGS.TO drawdown since its inception was -10.12%, smaller than the maximum CACB.TO drawdown of -12.97%. Use the drawdown chart below to compare losses from any high point for XIGS.TO and CACB.TO.

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Drawdown Indicators

XIGS.TOCACB.TODifference

Max Drawdown

Largest peak-to-trough decline

-10.12%

-12.97%

+2.85%

Max Drawdown (1Y)

Largest decline over 1 year

-1.60%

-2.59%

+0.99%

Max Drawdown (3Y)

Largest decline over 3 years

-1.60%

-3.15%

+1.55%

Max Drawdown (5Y)

Largest decline over 5 years

—

-12.87%

—

Current Drawdown

Current decline from peak

-0.78%

-0.50%

-0.28%

Average Drawdown

Average peak-to-trough decline

-2.92%

-2.52%

-0.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.53%

0.85%

-0.32%

Volatility

XIGS.TO vs. CACB.TO - Volatility Comparison

The current volatility for iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) is 0.95%, while CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) has a volatility of 1.48%. This indicates that XIGS.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

XIGS.TOCACB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.95%

1.48%

-0.53%

Volatility (6M)

Calculated over the trailing 6-month period

1.59%

2.83%

-1.24%

Volatility (1Y)

Calculated over the trailing 1-year period

2.36%

3.67%

-1.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.31%

5.67%

-2.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.31%

6.24%

-2.93%

XIGS.TO vs. CACB.TO - Expense Ratio Comparison

XIGS.TO has a 0.16% expense ratio, which is lower than CACB.TO's 0.40% expense ratio.

Dividends

XIGS.TO vs. CACB.TO - Dividend Comparison

XIGS.TO's dividend yield for the trailing twelve months is around 4.46%, which matches CACB.TO's 4.42% yield.

PositionTTM2025202420232022202120202019
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%
XIGS.TO
iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)		4.46%4.10%3.71%3.03%1.75%0.84%0.00%0.00%

Frequently Asked Questions

XIGS.TO and CACB.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIGS.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIGS.TO is cheaper with a 0.16% expense ratio, compared with 0.40% for CACB.TO.

They also come from different issuers: iShares and CIBC. Their fees differ too: 0.16% for XIGS.TO and 0.40% for CACB.TO.

Portfolio Optimizer

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