ESGD vs. XSAB.TO
ESGD (iShares ESG Aware MSCI EAFE ETF) and XSAB.TO (iShares ESG Aware Canadian Aggregate Bond Index ETF) are both exchange-traded funds - ESGD is a Foreign Large Cap Equities fund tracking the MSCI EAFE Extended ESG Focus Index, while XSAB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD. Both are passively managed. Over the past 5 years, ESGD returned 7.96%/yr vs -2.33%/yr for XSAB.TO. At a 0.07 correlation, their price movements are largely independent. ESGD charges 0.20%/yr vs 0.17%/yr for XSAB.TO.
Performance
ESGD vs. XSAB.TO - Performance Comparison
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Different Trading Currencies
ESGD is traded in USD, while XSAB.TO is traded in CAD. To make them comparable, the XSAB.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESGD achieves a 9.13% return, which is significantly higher than XSAB.TO's -0.41% return.
ESGD
- 1D
- 0.25%
- 1M
- 1.66%
- YTD
- 9.13%
- 6M
- 10.49%
- 1Y
- 20.92%
- 3Y*
- 15.55%
- 5Y*
- 7.96%
- 10Y*
- —
XSAB.TO
- 1D
- -0.18%
- 1M
- -0.71%
- YTD
- -0.41%
- 6M
- 0.56%
- 1Y
- 0.92%
- 3Y*
- 2.97%
- 5Y*
- -2.33%
- 10Y*
- —
ESGD vs. XSAB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ESGD iShares ESG Aware MSCI EAFE ETF | 9.13% | 29.63% | 3.95% | 18.53% | -15.17% | 11.79% | 8.20% | 12.10% |
XSAB.TO iShares ESG Aware Canadian Aggregate Bond Index ETF | -0.41% | 7.11% | -4.09% | 8.94% | -16.70% | -2.66% | 10.41% | 5.06% |
Correlation
The correlation between ESGD and XSAB.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2019 | 0.07 |
Over the past year, ESGD and XSAB.TO have become more correlated (0.33) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
ESGD vs. XSAB.TO — Risk / Return Rank
ESGD
XSAB.TO
ESGD vs. XSAB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EAFE ETF (ESGD) and iShares ESG Aware Canadian Aggregate Bond Index ETF (XSAB.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.
| ESGD | XSAB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.04 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.28 | +1.39 |
| Martin ratioReturn relative to average drawdown | 6.22 | 0.67 | +5.55 |
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Drawdowns
ESGD vs. XSAB.TO - Drawdown Comparison
The maximum ESGD drawdown since its inception was -33.70%, which is greater than XSAB.TO's maximum drawdown of -24.60%. Use the drawdown chart below to compare losses from any high point for ESGD and XSAB.TO.
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Drawdown Indicators
| ESGD | XSAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.70% | -24.60% | -9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.68% | -3.91% | -7.77% |
Max Drawdown (3Y)Largest decline over 3 years | -13.86% | -8.74% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -30.03% | -24.23% | -5.80% |
Current DrawdownCurrent decline from peak | -0.61% | -11.10% | +10.49% |
Average DrawdownAverage peak-to-trough decline | -6.18% | -10.08% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 1.64% | +1.50% |
Volatility
ESGD vs. XSAB.TO - Volatility Comparison
iShares ESG Aware MSCI EAFE ETF (ESGD) has a higher volatility of 5.56% compared to iShares ESG Aware Canadian Aggregate Bond Index ETF (XSAB.TO) at 1.77%. This indicates that ESGD's price experiences larger fluctuations and is considered to be riskier than XSAB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGD | XSAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 1.77% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 4.64% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 5.94% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 9.14% | +7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 9.37% | +7.63% |
ESGD vs. XSAB.TO - Expense Ratio Comparison
ESGD has a 0.20% expense ratio, which is higher than XSAB.TO's 0.17% 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
ESGD vs. XSAB.TO - Dividend Comparison
ESGD's dividend yield for the trailing twelve months is around 3.30%, more than XSAB.TO's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGD iShares ESG Aware MSCI EAFE ETF | 3.30% | 3.60% | 3.23% | 3.02% | 2.59% | 2.75% | 1.63% | 2.57% | 2.69% | 2.65% | 0.09% |
XSAB.TO iShares ESG Aware Canadian Aggregate Bond Index ETF | 3.26% | 3.20% | 3.01% | 2.81% | 2.75% | 2.35% | 2.49% | 2.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ESGD and XSAB.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSAB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSAB.TO is cheaper with a 0.17% expense ratio, compared with 0.20% for ESGD.
ESGD is categorized as Foreign Large Cap Equities, while XSAB.TO is Canadian Government Bonds. ESGD tracks MSCI EAFE Extended ESG Focus Index, while XSAB.TO tracks Morningstar Can Core Bd GR CAD. Their fees differ too: 0.20% for ESGD and 0.17% for XSAB.TO.
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