CBO.TO vs. XGRO.TO
CBO.TO (iShares 1-5 Year Laddered Corporate Bond Index ETF) and XGRO.TO (iShares Core Growth ETF Portfolio) are both exchange-traded funds - CBO.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while XGRO.TO is a Diversified Portfolio fund actively managed by iShares. CBO.TO is passively managed, while XGRO.TO is actively managed. Over the past 10 years, CBO.TO returned 2.50%/yr vs 10.20%/yr for XGRO.TO. At a 0.05 correlation, their price movements are largely independent. CBO.TO charges 0.28%/yr vs 0.20%/yr for XGRO.TO.
Performance
CBO.TO vs. XGRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CBO.TO achieves a 1.02% return, which is significantly lower than XGRO.TO's 10.38% return. Over the past 10 years, CBO.TO has underperformed XGRO.TO with an annualized return of 2.50%, while XGRO.TO has yielded a comparatively higher 10.20% annualized return.
CBO.TO
- 1D
- -0.05%
- 1M
- 0.94%
- YTD
- 1.02%
- 6M
- 1.01%
- 1Y
- 3.73%
- 3Y*
- 5.68%
- 5Y*
- 2.60%
- 10Y*
- 2.50%
XGRO.TO
- 1D
- -0.18%
- 1M
- 5.42%
- YTD
- 10.38%
- 6M
- 8.74%
- 1Y
- 23.44%
- 3Y*
- 17.87%
- 5Y*
- 10.83%
- 10Y*
- 10.20%
CBO.TO vs. XGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBO.TO iShares 1-5 Year Laddered Corporate Bond Index ETF | 1.02% | 4.69% | 6.82% | 6.47% | -4.89% | -1.04% | 5.84% | 4.54% | 1.27% | 0.52% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.38% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 11.51% | 17.97% | -6.73% | 11.61% |
Correlation
The correlation between CBO.TO and XGRO.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2009 | 0.05 |
Over the past year, CBO.TO and XGRO.TO have become more correlated (0.31) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
CBO.TO vs. XGRO.TO — Risk / Return Rank
CBO.TO
XGRO.TO
CBO.TO vs. XGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO.TO) and iShares Core Growth ETF Portfolio (XGRO.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.
| CBO.TO | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 3.30 | -0.98 |
| Martin ratioReturn relative to average drawdown | 8.72 | 14.67 | -5.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBO.TO | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.18 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.99 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.84 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.35 | +0.59 |
Drawdowns
CBO.TO vs. XGRO.TO - Drawdown Comparison
The maximum CBO.TO drawdown since its inception was -11.67%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for CBO.TO and XGRO.TO.
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Drawdown Indicators
| CBO.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.67% | -47.97% | +36.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.61% | -7.12% | +5.51% |
Max Drawdown (3Y)Largest decline over 3 years | -1.61% | -12.47% | +10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | -18.40% | +10.18% |
Max Drawdown (10Y)Largest decline over 10 years | -11.67% | -25.85% | +14.18% |
Current DrawdownCurrent decline from peak | -0.05% | -0.18% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -8.49% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 1.60% | -1.17% |
Volatility
CBO.TO vs. XGRO.TO - Volatility Comparison
The current volatility for iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO.TO) is 0.83%, while iShares Core Growth ETF Portfolio (XGRO.TO) has a volatility of 3.43%. This indicates that CBO.TO experiences smaller price fluctuations and is considered to be less risky than XGRO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBO.TO | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 3.43% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 9.19% | -7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 10.78% | -8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 11.05% | -8.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.59% | 12.26% | -8.67% |
CBO.TO vs. XGRO.TO - Expense Ratio Comparison
CBO.TO has a 0.28% expense ratio, which is higher than XGRO.TO's 0.20% expense ratio.
Dividends
CBO.TO vs. XGRO.TO - Dividend Comparison
CBO.TO's dividend yield for the trailing twelve months is around 3.45%, more than XGRO.TO's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBO.TO iShares 1-5 Year Laddered Corporate Bond Index ETF | 3.45% | 3.37% | 3.09% | 2.81% | 2.67% | 2.55% | 2.55% | 2.65% | 2.74% | 2.80% | 3.03% | 3.86% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.76% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
Frequently Asked Questions
CBO.TO and XGRO.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGRO.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGRO.TO is cheaper with a 0.20% expense ratio, compared with 0.28% for CBO.TO.
CBO.TO is categorized as Canadian Government Bonds, while XGRO.TO is Diversified Portfolio. Their fees differ too: 0.28% for CBO.TO and 0.20% for XGRO.TO.
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