CLG.TO vs. XSTB.TO
CLG.TO (iShares 1-10 Year Laddered Government Bond Index ETF) and XSTB.TO (iShares ESG Aware Canadian Short Term Bond Index ETF) are both Canadian Government Bonds funds from iShares - CLG.TO tracks the Morningstar Can Core Bd GR CAD while XSTB.TO tracks the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 5 years, CLG.TO returned 1.34%/yr vs 1.95%/yr for XSTB.TO. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.17% expense ratio.
Performance
CLG.TO vs. XSTB.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 higher than XSTB.TO's 0.99% return.
CLG.TO
- 1D
- 0.00%
- 1M
- 1.03%
- YTD
- 1.12%
- 6M
- 0.70%
- 1Y
- 2.75%
- 3Y*
- 4.14%
- 5Y*
- 1.34%
- 10Y*
- 1.54%
XSTB.TO
- 1D
- 0.10%
- 1M
- 0.80%
- YTD
- 0.99%
- 6M
- 0.83%
- 1Y
- 2.73%
- 3Y*
- 4.57%
- 5Y*
- 1.95%
- 10Y*
- —
CLG.TO vs. XSTB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 1.22% |
XSTB.TO iShares ESG Aware Canadian Short Term Bond Index ETF | 0.99% | 3.60% | 5.28% | 4.86% | -3.91% | -1.12% | 4.95% | 1.18% |
Correlation
The correlation between CLG.TO and XSTB.TO is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.65 |
The correlation between CLG.TO and XSTB.TO has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.
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Return for Risk
CLG.TO vs. XSTB.TO — Risk / Return Rank
CLG.TO
XSTB.TO
CLG.TO vs. XSTB.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 ESG Aware Canadian Short Term Bond Index ETF (XSTB.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 | XSTB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.29 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.03 | -0.60 |
| Martin ratioReturn relative to average drawdown | 3.56 | 6.14 | -2.58 |
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 | XSTB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.47 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.77 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.80 | -0.26 |
Drawdowns
CLG.TO vs. XSTB.TO - Drawdown Comparison
The maximum CLG.TO drawdown since its inception was -10.74%, which is greater than XSTB.TO's maximum drawdown of -6.92%. Use the drawdown chart below to compare losses from any high point for CLG.TO and XSTB.TO.
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Drawdown Indicators
| CLG.TO | XSTB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.74% | -6.92% | -3.82% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -1.35% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -3.38% | -1.35% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -9.96% | -6.76% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | -10.74% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.14% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -2.00% | -1.42% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.45% | +0.32% |
Volatility
CLG.TO vs. XSTB.TO - Volatility Comparison
iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO) has a higher volatility of 1.13% compared to iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.TO) at 0.69%. This indicates that CLG.TO's price experiences larger fluctuations and is considered to be riskier than XSTB.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 | XSTB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.69% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.34% | 1.51% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.00% | 1.86% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.31% | 2.53% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 2.72% | +1.62% |
CLG.TO vs. XSTB.TO - Expense Ratio Comparison
Both CLG.TO and XSTB.TO have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CLG.TO vs. XSTB.TO - Dividend Comparison
CLG.TO's dividend yield for the trailing twelve months is around 2.54%, less than XSTB.TO's 2.88% 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% |
XSTB.TO iShares ESG Aware Canadian Short Term Bond Index ETF | 2.88% | 2.88% | 2.64% | 2.22% | 1.93% | 1.82% | 2.10% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLG.TO and XSTB.TO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.17% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CLG.TO and XSTB.TO have the same expense ratio: 0.17% per year.
CLG.TO tracks Morningstar Can Core Bd GR CAD, while XSTB.TO tracks Morningstar Can 1-5Y Core Bd GR CAD.
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