BXF.TO vs. XTLH.TO
BXF.TO (CI 1-5 Year Laddered Government Strip Bond Index ETF) and XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) are both Government Bonds funds. Over the past year, BXF.TO returned 2.70% vs 1.14% for XTLH.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
BXF.TO vs. XTLH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BXF.TO achieves a 1.25% return, which is significantly higher than XTLH.TO's 0.62% return.
BXF.TO
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.25%
- 6M
- 1.15%
- 1Y
- 2.70%
- 3Y*
- 4.49%
- 5Y*
- 1.96%
- 10Y*
- 1.81%
XTLH.TO
- 1D
- -0.79%
- 1M
- 1.67%
- YTD
- 0.62%
- 6M
- -0.16%
- 1Y
- 1.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BXF.TO vs. XTLH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 1.25% | 3.86% | 4.51% | 0.50% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 0.62% | 2.61% | -9.55% | -1.06% |
Correlation
The correlation between BXF.TO and XTLH.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | 0.39 |
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Return for Risk
BXF.TO vs. XTLH.TO — Risk / Return Rank
BXF.TO
XTLH.TO
BXF.TO vs. XTLH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) and iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.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.
| BXF.TO | XTLH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.03 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.14 | +1.60 |
| Martin ratioReturn relative to average drawdown | 5.46 | 0.32 | +5.14 |
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Drawdowns
BXF.TO vs. XTLH.TO - Drawdown Comparison
The maximum BXF.TO drawdown since its inception was -6.99%, smaller than the maximum XTLH.TO drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for BXF.TO and XTLH.TO.
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Drawdown Indicators
| BXF.TO | XTLH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.99% | -15.86% | +8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.55% | -8.37% | +6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -6.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.99% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -10.40% | +10.29% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -9.16% | +8.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.51% | 3.58% | -3.07% |
Volatility
BXF.TO vs. XTLH.TO - Volatility Comparison
The current volatility for CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) is 0.67%, while iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) has a volatility of 3.03%. This indicates that BXF.TO experiences smaller price fluctuations and is considered to be less risky than XTLH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BXF.TO | XTLH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 3.03% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 6.86% | -4.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 9.58% | -6.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 12.39% | -8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.61% | 12.39% | -8.78% |
Dividends
BXF.TO vs. XTLH.TO - Dividend Comparison
BXF.TO's dividend yield for the trailing twelve months is around 2.97%, less than XTLH.TO's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 2.97% | 2.91% | 3.29% | 2.58% | 1.58% | 1.38% | 1.67% | 1.75% | 1.55% | 1.17% | 1.19% | 1.24% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 4.58% | 4.42% | 4.32% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BXF.TO and XTLH.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and iShares.
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