CLG.TO vs. XIC.TO
CLG.TO (iShares 1-10 Year Laddered Government Bond Index ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - CLG.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. Both are passively managed. Over the past 10 years, CLG.TO returned 1.52%/yr vs 12.48%/yr for XIC.TO. At a correlation of -0.01, they often move in opposite directions. CLG.TO charges 0.17%/yr vs 0.06%/yr for XIC.TO.
Performance
CLG.TO vs. XIC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CLG.TO achieves a 1.12% return, which is significantly lower than XIC.TO's 10.75% return. Over the past 10 years, CLG.TO has underperformed XIC.TO with an annualized return of 1.52%, while XIC.TO has yielded a comparatively higher 12.48% annualized return.
CLG.TO
- 1D
- -0.06%
- 1M
- 1.14%
- YTD
- 1.12%
- 6M
- 0.59%
- 1Y
- 2.87%
- 3Y*
- 4.04%
- 5Y*
- 1.34%
- 10Y*
- 1.52%
XIC.TO
- 1D
- -1.05%
- 1M
- 3.59%
- YTD
- 10.75%
- 6M
- 12.90%
- 1Y
- 34.79%
- 3Y*
- 23.62%
- 5Y*
- 14.60%
- 10Y*
- 12.48%
CLG.TO vs. XIC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CLG.TO iShares 1-10 Year Laddered Government Bond Index ETF | 1.12% | 3.35% | 4.30% | 4.82% | -6.21% | -2.23% | 6.66% | 3.40% | 1.69% | -0.02% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 10.75% | 31.51% | 21.48% | 11.73% | -5.82% | 23.42% | 5.61% | 22.76% | -8.72% | 8.99% |
Correlation
The correlation between CLG.TO and XIC.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 | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2011 | -0.01 |
The correlation between CLG.TO and XIC.TO shifts across timeframes, from -0.01 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CLG.TO vs. XIC.TO — Risk / Return Rank
CLG.TO
XIC.TO
CLG.TO vs. XIC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.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.
| CLG.TO | XIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.50 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.76 | -2.27 |
| Martin ratioReturn relative to average drawdown | 3.71 | 17.44 | -13.73 |
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
| CLG.TO | XIC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.76 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 1.12 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.84 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.54 | -0.01 |
Drawdowns
CLG.TO vs. XIC.TO - Drawdown Comparison
The maximum CLG.TO drawdown since its inception was -10.74%, smaller than the maximum XIC.TO drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for CLG.TO and XIC.TO.
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Drawdown Indicators
| CLG.TO | XIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.74% | -48.21% | +37.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -9.29% | +7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -3.38% | -12.27% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -9.96% | -16.24% | +6.28% |
Max Drawdown (10Y)Largest decline over 10 years | -10.74% | -37.21% | +26.47% |
Current DrawdownCurrent decline from peak | -0.56% | -1.05% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -7.04% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 2.00% | -1.23% |
Volatility
CLG.TO vs. XIC.TO - Volatility Comparison
The current volatility for iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO) is 1.13%, while iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a volatility of 3.48%. This indicates that CLG.TO experiences smaller price fluctuations and is considered to be less risky than XIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLG.TO | XIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 3.48% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 10.33% | -7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 12.67% | -9.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 13.13% | -8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 14.96% | -10.62% |
CLG.TO vs. XIC.TO - Expense Ratio Comparison
CLG.TO has a 0.17% expense ratio, which is higher than XIC.TO's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CLG.TO vs. XIC.TO - Dividend Comparison
CLG.TO's dividend yield for the trailing twelve months is around 2.54%, more than XIC.TO's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLG.TO iShares 1-10 Year Laddered Government Bond Index ETF | 2.54% | 2.54% | 2.53% | 2.51% | 2.55% | 2.61% | 2.59% | 2.88% | 3.02% | 3.17% | 3.25% | 3.34% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.02% | 2.23% | 2.64% | 2.95% | 3.10% | 2.44% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% |
Frequently Asked Questions
CLG.TO and XIC.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, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.17% for CLG.TO.
CLG.TO is categorized as Canadian Government Bonds, while XIC.TO is Canada Equities. CLG.TO tracks Morningstar Can Core Bd GR CAD, while XIC.TO tracks S&P/TSX Capped Composite Index. Their fees differ too: 0.17% for CLG.TO and 0.06% for XIC.TO.
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