Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
XLB.TO iShares Core Canadian Long Term Bond Index ETF | Canadian Government Bonds | 50% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | Canadian Government Bonds | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in CAD Bond 1, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Nov 10, 2006, corresponding to the inception date of XLB.TO
Returns By Period
As of Apr 16, 2026, the CAD Bond 1 returned 0.54% Year-To-Date and 2.70% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.26% | 4.84% | 2.86% | 6.22% | 33.47% | 19.26% | 10.96% | 12.89% |
Portfolio CAD Bond 1 | 0.25% | -0.10% | 0.54% | 1.75% | 2.64% | 5.30% | 1.41% | 2.70% |
| Portfolio components: | ||||||||
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 0.29% | -0.04% | 0.66% | 2.99% | 3.97% | 3.68% | 0.12% | 1.27% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 0.22% | -0.15% | 0.41% | 0.52% | 1.30% | 6.70% | 2.45% | 3.91% |
Monthly Returns
Based on dividend-adjusted daily data since Mar 18, 2009, CAD Bond 1's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.
Historically, 55% of months were positive and 45% were negative. The best month was May 2009 with a return of +9.0%, while the worst month was Mar 2020 at -7.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CAD Bond 1 closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +5.1%, while the worst single day was Mar 18, 2020 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.36% | 1.56% | -4.15% | 1.89% | 0.54% | ||||||||
| 2025 | -0.12% | 1.63% | 0.16% | 3.34% | 0.44% | 1.02% | -2.84% | 0.90% | 0.82% | 0.25% | 0.44% | 0.20% | 6.32% |
| 2024 | -3.03% | -1.38% | 1.37% | -4.05% | 3.13% | 1.92% | 1.27% | 2.49% | 2.95% | -3.99% | 1.50% | -2.56% | -0.80% |
| 2023 | 5.07% | -4.45% | 3.69% | 0.86% | -1.90% | 3.95% | -0.80% | -2.75% | -2.66% | -1.88% | 7.66% | 7.91% | 14.61% |
| 2022 | -4.61% | -0.52% | -0.80% | -6.63% | 1.45% | -2.69% | 4.65% | -5.31% | -5.07% | 0.43% | 4.86% | -1.44% | -15.26% |
| 2021 | -1.82% | -2.50% | 0.46% | 2.08% | 2.57% | -0.72% | 0.59% | -1.42% | -1.58% | 1.59% | -2.18% | 4.18% | 1.01% |
Benchmark Metrics
CAD Bond 1 has an annualized alpha of 1.24%, beta of 0.21, and R² of 0.15 versus S&P 500 Index. Calculated based on daily prices since March 18, 2009.
- This portfolio participated in 48.41% of S&P 500 Index downside but only 33.46% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.21 may look defensive, but with R² of 0.15 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.15 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.24%
- Beta
- 0.21
- R²
- 0.15
- Upside Capture
- 33.46%
- Downside Capture
- 48.41%
Expense Ratio
CAD Bond 1 has an expense ratio of 0.15%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
CAD Bond 1 ranks 5 for risk / return — in the bottom 5% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 2.59 | -2.20 |
Sortino ratioReturn per unit of downside risk | 0.59 | 3.60 | -3.01 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.48 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 3.33 | -2.67 |
Martin ratioReturn relative to average drawdown | 1.70 | 15.04 | -13.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 18 | 0.79 | 1.20 | 1.14 | 1.21 | 3.38 |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 8 | 0.14 | 0.25 | 1.03 | 0.30 | 0.69 |
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Dividends
Dividend yield
CAD Bond 1 provided a 3.61% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.61% | 3.60% | 7.58% | 7.44% | 7.71% | 5.44% | 4.82% | 2.79% | 2.97% | 2.91% | 2.99% | 3.07% |
| Portfolio components: | ||||||||||||
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.13% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 4.08% | 4.05% | 12.10% | 12.22% | 13.13% | 8.82% | 7.43% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the CAD Bond 1. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the CAD Bond 1 was 24.59%, occurring on Jan 19, 2016. Recovery took 1111 trading sessions.
The current CAD Bond 1 drawdown is 2.45%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.59% | Jan 3, 2013 | 764 | Jan 19, 2016 | 1111 | Jun 22, 2020 | 1875 |
| -21.81% | Jun 11, 2021 | 341 | Oct 20, 2022 | 483 | Sep 23, 2024 | 824 |
| -7.47% | Sep 25, 2024 | 61 | Dec 19, 2024 | 113 | Jun 4, 2025 | 174 |
| -6.38% | Aug 3, 2011 | 42 | Sep 30, 2011 | 79 | Jan 25, 2012 | 121 |
| -5.49% | Jun 3, 2009 | 20 | Jun 30, 2009 | 15 | Jul 22, 2009 | 35 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | XLB.TO | XSB.TO | Portfolio | |
|---|---|---|---|---|
| Benchmark | 1.00 | 0.20 | 0.45 | 0.33 |
| XLB.TO | 0.20 | 1.00 | 0.66 | 0.94 |
| XSB.TO | 0.45 | 0.66 | 1.00 | 0.87 |
| Portfolio | 0.33 | 0.94 | 0.87 | 1.00 |