ESGF.TO vs. XHB.TO
ESGF.TO (BMO ESG US Corporate Bond Hedged to CAD Index ETF) and XHB.TO (iShares Canadian HYBrid Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, ESGF.TO returned -1.70%/yr vs 3.16%/yr for XHB.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
ESGF.TO vs. XHB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ESGF.TO achieves a -0.04% return, which is significantly lower than XHB.TO's 2.51% return.
ESGF.TO
- 1D
- -1.34%
- 1M
- 0.25%
- YTD
- -0.04%
- 6M
- -0.33%
- 1Y
- 2.57%
- 3Y*
- 2.73%
- 5Y*
- -1.70%
- 10Y*
- —
XHB.TO
- 1D
- 0.15%
- 1M
- 0.68%
- YTD
- 2.51%
- 6M
- 2.41%
- 1Y
- 5.22%
- 3Y*
- 7.36%
- 5Y*
- 3.16%
- 10Y*
- 3.91%
ESGF.TO vs. XHB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | -0.04% | 5.25% | -2.92% | 7.28% | -15.76% | -3.12% | 9.56% |
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF | 2.51% | 5.34% | 8.02% | 10.06% | -9.67% | 0.02% | 7.06% |
Correlation
The correlation between ESGF.TO and XHB.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.14 |
Over the past year, ESGF.TO and XHB.TO have become more correlated (0.34) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
ESGF.TO vs. XHB.TO — Risk / Return Rank
ESGF.TO
XHB.TO
ESGF.TO vs. XHB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO ESG US Corporate Bond Hedged to CAD Index ETF (ESGF.TO) and iShares Canadian HYBrid Corporate Bond Index ETF (XHB.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.
| ESGF.TO | XHB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.29 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.17 | -1.28 |
| Martin ratioReturn relative to average drawdown | 2.00 | 7.20 | -5.21 |
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Drawdowns
ESGF.TO vs. XHB.TO - Drawdown Comparison
The maximum ESGF.TO drawdown since its inception was -23.55%, smaller than the maximum XHB.TO drawdown of -26.50%. Use the drawdown chart below to compare losses from any high point for ESGF.TO and XHB.TO.
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Drawdown Indicators
| ESGF.TO | XHB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.55% | -26.50% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.92% | -2.42% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -8.77% | -3.18% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -13.94% | -9.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.50% | — |
Current DrawdownCurrent decline from peak | -10.58% | 0.00% | -10.58% |
Average DrawdownAverage peak-to-trough decline | -10.59% | -2.08% | -8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.73% | +0.56% |
Volatility
ESGF.TO vs. XHB.TO - Volatility Comparison
BMO ESG US Corporate Bond Hedged to CAD Index ETF (ESGF.TO) has a higher volatility of 2.12% compared to iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) at 0.95%. This indicates that ESGF.TO's price experiences larger fluctuations and is considered to be riskier than XHB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGF.TO | XHB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.95% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 2.66% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 3.32% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 5.55% | +9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 11.03% | +4.70% |
Dividends
ESGF.TO vs. XHB.TO - Dividend Comparison
ESGF.TO's dividend yield for the trailing twelve months is around 4.39%, less than XHB.TO's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | 4.39% | 4.14% | 4.08% | 4.06% | 3.77% | 2.93% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF | 4.53% | 4.48% | 4.36% | 4.23% | 4.24% | 3.51% | 3.53% | 3.81% | 4.07% | 4.08% | 4.35% | 4.78% |
Frequently Asked Questions
ESGF.TO and XHB.TO have a correlation of 0.34, 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: BMO and iShares.
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