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CLS.TO vs. XSB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CLS.TO vs. XSB.TO

Last updated Jun 20, 2026

CLS.TO (Celestica Inc.) is a stock, while XSB.TO (iShares Core Canadian Short Term Bond Index ETF) is Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. Over the past 10 years, CLS.TO returned 44.59%/yr vs 2.01%/yr for XSB.TO. At a correlation of -0.07, they often move in opposite directions.

Performance

CLS.TO vs. XSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Celestica Inc. (CLS.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CLS.TO achieves a 29.41% return, which is significantly higher than XSB.TO's 1.25% return. Over the past 10 years, CLS.TO has outperformed XSB.TO with an annualized return of 44.59%, while XSB.TO has yielded a comparatively lower 2.01% annualized return.

CLS.TO

1D
-0.27%
1M
7.71%
YTD
29.41%
6M
28.98%
1Y
182.66%
3Y*
199.59%
5Y*
122.43%
10Y*
44.59%

XSB.TO

1D
0.00%
1M
0.63%
YTD
1.25%
6M
1.36%
1Y
3.15%
3Y*
4.91%
5Y*
2.14%
10Y*
2.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CLS.TO vs. XSB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CLS.TO
Celestica Inc.		29.41%206.05%241.82%154.33%8.23%37.29%-4.64%-9.95%-9.26%-17.16%
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		1.25%3.70%5.87%4.67%-4.04%-1.11%5.20%3.20%1.60%0.13%

Correlation

The correlation between CLS.TO and XSB.TO is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

-0.01

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (10Y)
Calculated over the trailing 10-year period

-0.01

Correlation (All Time)
Calculated using the full available price history since Jul 19, 2006

-0.07

The correlation between CLS.TO and XSB.TO shifts across timeframes, from -0.07 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.

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Celestica Inc.

iShares Core Canadian Short Term Bond Index ETF

Often compared with CLS.TO:
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Often compared with XSB.TO:
XSB.TO vs. XBB.TOXSB.TO vs. ZAG.TOXSB.TO vs. VSB.TOXSB.TO vs. XSH.TOXSB.TO vs. XCB.TOXSB.TO vs. XLB.TOXSB.TO vs. ZCS.TO

Return for Risk

CLS.TO vs. XSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CLS.TO
CLS.TO Risk / Return Rank: 9090
Overall Rank
CLS.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
CLS.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
CLS.TO Omega Ratio Rank: 8686
Omega Ratio Rank
CLS.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
CLS.TO Martin Ratio Rank: 9292
Martin Ratio Rank
XSB.TO
XSB.TO Risk / Return Rank: 4949
Overall Rank
XSB.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XSB.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
XSB.TO Omega Ratio Rank: 5353
Omega Ratio Rank
XSB.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
XSB.TO Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLS.TO vs. XSB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.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.

CLS.TOXSB.TODifference
Sharpe ratioReturn per unit of total volatility
2.52
1.63

+0.89

Sortino ratioReturn per unit of downside risk
2.67
2.34

+0.33

Omega ratioGain probability vs. loss probability

1.36

1.32

+0.04

Calmar ratioReturn relative to maximum drawdown

5.70

2.22

+3.48

Martin ratioReturn relative to average drawdown

13.74

7.37

+6.37

CLS.TO vs. XSB.TO - Sharpe Ratio Comparison

The current CLS.TO Sharpe Ratio is 2.52, which is higher than the XSB.TO Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of CLS.TO and XSB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CLS.TO vs. XSB.TO - Drawdown Comparison

The maximum CLS.TO drawdown since its inception was -79.32%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for CLS.TO and XSB.TO.

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Drawdown Indicators

CLS.TOXSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-79.32%

-8.65%

-70.67%

Max Drawdown (1Y)

Largest decline over 1 year

-31.71%

-1.47%

-30.24%

Max Drawdown (3Y)

Largest decline over 3 years

-54.25%

-1.47%

-52.78%

Max Drawdown (5Y)

Largest decline over 5 years

-54.25%

-6.99%

-47.26%

Max Drawdown (10Y)

Largest decline over 10 years

-79.32%

-8.65%

-70.67%

Current Drawdown

Current decline from peak

-19.52%

0.00%

-19.52%

Average Drawdown

Average peak-to-trough decline

-28.86%

-0.79%

-28.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.13%

0.44%

+12.69%

Volatility

CLS.TO vs. XSB.TO - Volatility Comparison

Celestica Inc. (CLS.TO) has a higher volatility of 26.88% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.54%. This indicates that CLS.TO's price experiences larger fluctuations and is considered to be riskier than XSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CLS.TOXSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

26.88%

0.54%

+26.34%

Volatility (6M)

Calculated over the trailing 6-month period

53.36%

1.62%

+51.74%

Volatility (1Y)

Calculated over the trailing 1-year period

71.66%

2.01%

+69.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

56.63%

2.72%

+53.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.87%

3.40%

+45.47%

Dividends

CLS.TO vs. XSB.TO - Dividend Comparison

CLS.TO has not paid dividends to shareholders, while XSB.TO's dividend yield for the trailing twelve months is around 3.10%.

PositionTTM20252024202320222021202020192018201720162015
CLS.TO
Celestica Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		3.10%3.15%3.05%2.67%2.28%2.05%2.21%2.39%2.39%2.36%2.36%2.50%

Frequently Asked Questions

CLS.TO and XSB.TO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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