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AVAV vs. XSB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVAV vs. XSB.TO

Last updated Jun 20, 2026

AVAV (AeroVironment, Inc.) is a stock, while XSB.TO (iShares Core Canadian Short Term Bond Index ETF) is Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. Over the past 10 years, AVAV returned 18.57%/yr vs 0.99%/yr for XSB.TO. At a 0.02 correlation, their price movements are largely independent.

Performance

AVAV vs. XSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AeroVironment, Inc. (AVAV) and iShares Core Canadian Short Term Bond Index ETF (XSB.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

AVAV is traded in USD, while XSB.TO is traded in CAD. To make them comparable, the XSB.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AVAV achieves a -29.88% return, which is significantly lower than XSB.TO's -1.94% return. Over the past 10 years, AVAV has outperformed XSB.TO with an annualized return of 18.57%, while XSB.TO has yielded a comparatively lower 0.99% annualized return.

AVAV

1D
1.50%
1M
4.00%
YTD
-29.88%
6M
-30.20%
1Y
-10.57%
3Y*
21.79%
5Y*
9.08%
10Y*
18.57%

XSB.TO

1D
-0.29%
1M
-2.16%
YTD
-1.94%
6M
-1.24%
1Y
-0.10%
3Y*
2.55%
5Y*
-0.59%
10Y*
0.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AVAV vs. XSB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AVAV
AeroVironment, Inc.		-29.88%57.18%22.10%47.14%38.09%-28.62%40.75%-9.14%20.99%109.32%
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		-1.94%8.66%-2.39%7.22%-9.76%-1.06%7.75%7.64%-6.28%7.40%

Correlation

The correlation between AVAV and XSB.TO is -0.01, 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

-0.01

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

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (10Y)
Calculated over the trailing 10-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Jan 23, 2007

0.02

Compare stocks, funds, or ETFs

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

AeroVironment, Inc.

iShares Core Canadian Short Term Bond Index ETF

Often compared with AVAV:
AVAV vs. KTOSAVAV vs. RCATAVAV vs. DRSAVAV vs. CORTAVAV vs. SPYAVAV vs. AIRAVAV vs. BA.L
Often compared with XSB.TO:
XSB.TO vs. XBB.TOXSB.TO vs. ZAG.TOXSB.TO vs. VSB.TOXSB.TO vs. XSH.TOXSB.TO vs. XCB.TOXSB.TO vs. XLB.TOXSB.TO vs. ZCS.TO

Return for Risk

AVAV vs. XSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVAV
AVAV Risk / Return Rank: 3737
Overall Rank
AVAV Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
AVAV Sortino Ratio Rank: 3939
Sortino Ratio Rank
AVAV Omega Ratio Rank: 3939
Omega Ratio Rank
AVAV Calmar Ratio Rank: 3636
Calmar Ratio Rank
AVAV Martin Ratio Rank: 3737
Martin Ratio Rank
XSB.TO
XSB.TO Risk / Return Rank: 4949
Overall Rank
XSB.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XSB.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
XSB.TO Omega Ratio Rank: 5353
Omega Ratio Rank
XSB.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
XSB.TO Martin Ratio Rank: 4747
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.

AVAV vs. XSB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AeroVironment, Inc. (AVAV) and iShares Core Canadian Short Term Bond Index ETF (XSB.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.

AVAVXSB.TODifference
Sharpe ratioReturn per unit of total volatility
-0.15
0.00

-0.15

Sortino ratioReturn per unit of downside risk
0.32
0.04

+0.28

Omega ratioGain probability vs. loss probability

1.04

1.00

+0.03

Calmar ratioReturn relative to maximum drawdown

-0.18

0.00

-0.18

Martin ratioReturn relative to average drawdown

-0.31

0.01

-0.31

AVAV vs. XSB.TO - Sharpe Ratio Comparison

The current AVAV Sharpe Ratio is -0.15, which is lower than the XSB.TO Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of AVAV and XSB.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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Drawdowns

AVAV vs. XSB.TO - Drawdown Comparison

The maximum AVAV drawdown since its inception was -61.45%, which is greater than XSB.TO's maximum drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for AVAV and XSB.TO.

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Drawdown Indicators

AVAVXSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-61.45%

-28.27%

-33.18%

Max Drawdown (1Y)

Largest decline over 1 year

-61.45%

-3.82%

-57.63%

Max Drawdown (3Y)

Largest decline over 3 years

-61.45%

-7.05%

-54.40%

Max Drawdown (5Y)

Largest decline over 5 years

-61.45%

-16.64%

-44.81%

Max Drawdown (10Y)

Largest decline over 10 years

-61.45%

-18.49%

-42.96%

Current Drawdown

Current decline from peak

-58.61%

-9.49%

-49.12%

Average Drawdown

Average peak-to-trough decline

-28.74%

-11.09%

-17.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

35.23%

1.49%

+33.74%

Volatility

AVAV vs. XSB.TO - Volatility Comparison

AeroVironment, Inc. (AVAV) has a higher volatility of 26.46% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 1.22%. This indicates that AVAV's price experiences larger fluctuations and is considered to be riskier than XSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AVAVXSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

26.46%

1.22%

+25.24%

Volatility (6M)

Calculated over the trailing 6-month period

57.81%

3.70%

+54.11%

Volatility (1Y)

Calculated over the trailing 1-year period

74.25%

4.72%

+69.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

56.04%

6.83%

+49.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

52.06%

7.24%

+44.82%

Dividends

AVAV vs. XSB.TO - Dividend Comparison

AVAV has not paid dividends to shareholders, while XSB.TO's dividend yield for the trailing twelve months is around 3.10%.

PositionTTM20252024202320222021202020192018201720162015
AVAV
AeroVironment, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		3.10%3.15%3.05%2.67%2.28%2.05%2.21%2.39%2.39%2.36%2.36%2.50%

Frequently Asked Questions

AVAV and XSB.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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