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DCU.TO vs. XAGH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DCU.TO vs. XAGH.TO

Last updated Jul 16, 2026
Documentation

DCU.TO (Desjardins Canadian Universe Bond Index ETF) and XAGH.TO (iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)) are both Total Bond Market funds. DCU.TO is actively managed, while XAGH.TO is passively managed. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

DCU.TO vs. XAGH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins Canadian Universe Bond Index ETF (DCU.TO) and iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

DCU.TO

1D
0.17%
1M
-0.44%
6M
0.65%
YTD
1.27%
1Y
4.20%
3Y*
4.06%
5Y*
0.39%
10Y*
—

XAGH.TO

1D
0.28%
1M
-0.45%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

DCU.TO vs. XAGH.TO - Yearly Performance Comparison

2026 (YTD)
DCU.TO
Desjardins Canadian Universe Bond Index ETF		0.81%
XAGH.TO
iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)		-0.56%

Correlation

The correlation between DCU.TO and XAGH.TO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jan 20, 2026

0.56

Compare stocks, funds, or ETFs

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Desjardins Canadian Universe Bond Index ETF

iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)

Often compared with XAGH.TO:
XAGH.TO vs. VAB.TOXAGH.TO vs. ZAG.TOXAGH.TO vs. BTC-USDXAGH.TO vs. VUN.TOXAGH.TO vs. VBU.NEOXAGH.TO vs. PSLVXAGH.TO vs. FSHBX

Return for Risk

DCU.TO vs. XAGH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DCU.TO
DCU.TO Risk / Return Rank: 3333
Overall Rank
DCU.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
DCU.TO Sortino Ratio Rank: 3030
Sortino Ratio Rank
DCU.TO Omega Ratio Rank: 3535
Omega Ratio Rank
DCU.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
DCU.TO Martin Ratio Rank: 3232
Martin Ratio Rank
XAGH.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DCU.TO vs. XAGH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins Canadian Universe Bond Index ETF (DCU.TO) and iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.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.

DCU.TOXAGH.TODifference
Sharpe ratioReturn per unit of total volatility
1.03

—

—

Sortino ratioReturn per unit of downside risk
1.40

—

—

Omega ratioGain probability vs. loss probability

1.20

—

—

Calmar ratioReturn relative to maximum drawdown

1.53

—

—

Martin ratioReturn relative to average drawdown

3.78

—

—

DCU.TO vs. XAGH.TO - Sharpe Ratio Comparison

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Drawdowns

DCU.TO vs. XAGH.TO - Drawdown Comparison

The maximum DCU.TO drawdown since its inception was -17.81%, which is greater than XAGH.TO's maximum drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for DCU.TO and XAGH.TO.

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Drawdown Indicators

DCU.TOXAGH.TODifference

Max Drawdown

Largest peak-to-trough decline

-17.81%

-3.18%

-14.63%

Max Drawdown (1Y)

Largest decline over 1 year

-2.76%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-4.43%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-15.40%

—

—

Current Drawdown

Current decline from peak

-1.90%

-2.22%

+0.32%

Average Drawdown

Average peak-to-trough decline

-5.21%

-1.43%

-3.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.11%

—

—

Volatility

DCU.TO vs. XAGH.TO - Volatility Comparison

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Volatility by Period

DCU.TOXAGH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.06%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

3.29%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

4.12%

5.21%

-1.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.25%

5.21%

+1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.29%

5.21%

+1.08%

Dividends

DCU.TO vs. XAGH.TO - Dividend Comparison

DCU.TO's dividend yield for the trailing twelve months is around 3.17%, more than XAGH.TO's 1.91% yield.

PositionTTM202520242023202220212020201920182017
DCU.TO
Desjardins Canadian Universe Bond Index ETF		3.17%3.07%2.92%2.58%3.49%3.00%2.82%2.79%2.90%2.12%
XAGH.TO
iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)		1.91%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DCU.TO and XAGH.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: Desjardins and iShares.

Portfolio Optimizer

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