FLCI.TO vs. XCB.TO
FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) and XCB.TO (iShares Core Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. FLCI.TO is actively managed, while XCB.TO is passively managed. Over the past 5 years, FLCI.TO returned 2.62%/yr vs 2.31%/yr for XCB.TO. At a 0.44 correlation, their price movements are largely independent. FLCI.TO charges 0.39%/yr vs 0.17%/yr for XCB.TO.
Performance
FLCI.TO vs. XCB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FLCI.TO achieves a 2.06% return, which is significantly higher than XCB.TO's 1.95% return.
FLCI.TO
- 1D
- 0.05%
- 1M
- 1.92%
- YTD
- 2.06%
- 6M
- 2.41%
- 1Y
- 6.04%
- 3Y*
- 7.01%
- 5Y*
- 2.62%
- 10Y*
- —
XCB.TO
- 1D
- 0.00%
- 1M
- 2.01%
- YTD
- 1.95%
- 6M
- 2.14%
- 1Y
- 5.04%
- 3Y*
- 6.30%
- 5Y*
- 2.31%
- 10Y*
- 2.75%
FLCI.TO vs. XCB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 2.06% | 4.88% | 8.03% | 8.31% | -10.13% | -1.36% | 8.04% | 8.29% | 0.09% | -0.28% |
XCB.TO iShares Core Canadian Corporate Bond Index ETF | 1.95% | 4.45% | 6.72% | 8.30% | -9.79% | -1.81% | 8.36% | 7.90% | 0.39% | 0.68% |
Correlation
The correlation between FLCI.TO and XCB.TO is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.44 |
The correlation between FLCI.TO and XCB.TO has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
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Return for Risk
FLCI.TO vs. XCB.TO — Risk / Return Rank
FLCI.TO
XCB.TO
FLCI.TO vs. XCB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) and iShares Core Canadian Corporate Bond Index ETF (XCB.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.
| FLCI.TO | XCB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.03 | +0.64 |
| Martin ratioReturn relative to average drawdown | 7.43 | 6.03 | +1.40 |
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Drawdowns
FLCI.TO vs. XCB.TO - Drawdown Comparison
The maximum FLCI.TO drawdown since its inception was -17.51%, smaller than the maximum XCB.TO drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for FLCI.TO and XCB.TO.
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Drawdown Indicators
| FLCI.TO | XCB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -22.59% | +5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -2.49% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -3.56% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | -14.17% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.59% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -2.11% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.84% | -0.03% |
Volatility
FLCI.TO vs. XCB.TO - Volatility Comparison
The current volatility for Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) is 1.23%, while iShares Core Canadian Corporate Bond Index ETF (XCB.TO) has a volatility of 1.35%. This indicates that FLCI.TO experiences smaller price fluctuations and is considered to be less risky than XCB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLCI.TO | XCB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.35% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.97% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 3.82% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 5.68% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 7.24% | -0.77% |
FLCI.TO vs. XCB.TO - Expense Ratio Comparison
FLCI.TO has a 0.39% expense ratio, which is higher than XCB.TO's 0.17% expense ratio.
Dividends
FLCI.TO vs. XCB.TO - Dividend Comparison
FLCI.TO's dividend yield for the trailing twelve months is around 4.41%, more than XCB.TO's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 4.41% | 4.26% | 4.41% | 4.09% | 4.95% | 3.35% | 3.25% | 3.68% | 3.87% | 0.84% | 0.00% | 0.00% |
XCB.TO iShares Core Canadian Corporate Bond Index ETF | 4.12% | 4.10% | 4.00% | 3.69% | 3.55% | 3.01% | 2.75% | 2.95% | 3.10% | 3.07% | 3.19% | 3.31% |
Frequently Asked Questions
FLCI.TO and XCB.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCB.TO is cheaper with a 0.17% expense ratio, compared with 0.39% for FLCI.TO.
They also come from different issuers: Franklin and iShares. Their fees differ too: 0.39% for FLCI.TO and 0.17% for XCB.TO.
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