CBO.TO vs. XSHG.TO
CBO.TO (iShares 1-5 Year Laddered Corporate Bond Index ETF) and XSHG.TO (iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF) are both Canadian Government Bonds funds from iShares tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 3 years, CBO.TO returned 5.68%/yr vs 5.72%/yr for XSHG.TO. A 0.52 correlation means they provide meaningful diversification when combined. CBO.TO charges 0.28%/yr vs 0.17%/yr for XSHG.TO.
Performance
CBO.TO vs. XSHG.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 XSHG.TO's 1.14% 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%
XSHG.TO
- 1D
- -0.03%
- 1M
- 0.96%
- YTD
- 1.14%
- 6M
- 1.23%
- 1Y
- 3.54%
- 3Y*
- 5.72%
- 5Y*
- —
- 10Y*
- —
CBO.TO vs. XSHG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CBO.TO iShares 1-5 Year Laddered Corporate Bond Index ETF | 1.02% | 4.69% | 6.82% | 6.47% | -4.89% | -0.80% |
XSHG.TO iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF | 1.14% | 4.53% | 6.86% | 6.41% | -4.26% | -0.58% |
Correlation
The correlation between CBO.TO and XSHG.TO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.52 |
The correlation between CBO.TO and XSHG.TO shifts across timeframes, from 0.52 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CBO.TO vs. XSHG.TO — Risk / Return Rank
CBO.TO
XSHG.TO
CBO.TO vs. XSHG.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 ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF (XSHG.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 | XSHG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.47 | -0.15 |
| Martin ratioReturn relative to average drawdown | 8.72 | 9.54 | -0.82 |
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 | XSHG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.95 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 1.01 | -0.07 |
Drawdowns
CBO.TO vs. XSHG.TO - Drawdown Comparison
The maximum CBO.TO drawdown since its inception was -11.67%, which is greater than XSHG.TO's maximum drawdown of -7.40%. Use the drawdown chart below to compare losses from any high point for CBO.TO and XSHG.TO.
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Drawdown Indicators
| CBO.TO | XSHG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.67% | -7.40% | -4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -1.61% | -1.44% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -1.61% | -1.44% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -8.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -11.67% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.03% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -1.84% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 0.37% | +0.06% |
Volatility
CBO.TO vs. XSHG.TO - Volatility Comparison
iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO.TO) has a higher volatility of 0.83% compared to iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF (XSHG.TO) at 0.68%. This indicates that CBO.TO's price experiences larger fluctuations and is considered to be riskier than XSHG.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 | XSHG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.68% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 1.52% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 1.82% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 2.79% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.59% | 2.79% | +0.80% |
CBO.TO vs. XSHG.TO - Expense Ratio Comparison
CBO.TO has a 0.28% expense ratio, which is higher than XSHG.TO's 0.17% expense ratio.
Dividends
CBO.TO vs. XSHG.TO - Dividend Comparison
CBO.TO's dividend yield for the trailing twelve months is around 3.45%, less than XSHG.TO's 3.72% 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% |
XSHG.TO iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF | 3.72% | 3.64% | 3.39% | 2.87% | 2.69% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CBO.TO and XSHG.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSHG.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSHG.TO is cheaper with a 0.17% expense ratio, compared with 0.28% for CBO.TO.
Both ETFs track Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.28% for CBO.TO and 0.17% for XSHG.TO.
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