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iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) Sharpe Ratio: 1.03

ETF · Currency in CAD · Last updated Jul 16, 2026

XIGS.TO is a passive ETF by iShares tracking the investment results of the ICE BofA 1-5 Year US Corporate Index (CAD-Hedged). XIGS.TO launched on Jul 6, 2021 and has a 0.16% expense ratio.

XIGS.TO's Sharpe Ratio of 1.03 indicates that for each unit of volatility, it generates 1.03 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

XIGS.TO Sharpe Ratio Rank

XIGS.TO Sharpe Ratio Rank: 33.734
Below Average

XIGS.TO ranks above 33.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

XIGS.TO Sharpe Ratio Market Positioning

The chart shows XIGS.TO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.75 or lower
  • Yellow zone (middle 50%): 0.75 to 1.91
  • Green zone (top 25%): 1.91 or higher
  • Top 1%: 6.52+
  • Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)'s Sharpe Ratio with other ETFs in the Corporate Bonds category across multiple time periods, showing how XIGS.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
RQO.TORBC Target 2026 Corporate Bond Index ETF4.12
RQP.TORBC Target 2027 Canadian Corporate Bond Index ETF2.96
CFRN.TOCIBC Active Investment Grade Floating Rate Bond ETF2.35
ZQB.TOBMO High Quality Corporate Bond Index ETF1.91
XHB.TOiShares Canadian HYBrid Corporate Bond Index ETF1.74
DXO.TODynamic Active Crossover Bond ETF1.71
PSB.TOInvesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF1.61
RBO.TORBC 1-5 Year Laddered Canadian Corporate Bond ETF1.54
TUSB.TOTD Select U.S. Short Term Corporate Bond Ladder ETF1.54
ZBBB.TOBMO BBB Corporate Bond Index ETF1.52
XIGS.TOiShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)1.03

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows XIGS.TO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when XIGS.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does XIGS.TO fit in your portfolio?

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