FLCI.TO vs. XCBG.TO
FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) and XCBG.TO (iShares ESG Advanced Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. FLCI.TO is actively managed, while XCBG.TO is passively managed. Over the past 3 years, FLCI.TO returned 7.01%/yr vs 6.17%/yr for XCBG.TO. At a 0.40 correlation, their price movements are largely independent. FLCI.TO charges 0.39%/yr vs 0.17%/yr for XCBG.TO.
Performance
FLCI.TO vs. XCBG.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 XCBG.TO's 1.78% 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*
- —
XCBG.TO
- 1D
- 0.05%
- 1M
- 1.60%
- YTD
- 1.78%
- 6M
- 1.76%
- 1Y
- 4.46%
- 3Y*
- 6.17%
- 5Y*
- —
- 10Y*
- —
FLCI.TO vs. XCBG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLCI.TO Franklin Canadian Corporate Bond Fund ETF | 2.06% | 4.88% | 8.03% | 8.31% | -10.13% | -0.28% |
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 1.78% | 4.21% | 6.79% | 7.45% | -7.40% | -1.10% |
Correlation
The correlation between FLCI.TO and XCBG.TO is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021 | 0.40 |
The correlation between FLCI.TO and XCBG.TO shifts across timeframes, from 0.40 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLCI.TO vs. XCBG.TO — Risk / Return Rank
FLCI.TO
XCBG.TO
FLCI.TO vs. XCBG.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 ESG Advanced Canadian Corporate Bond Index ETF (XCBG.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 | XCBG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.22 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.43 | 6.91 | +0.52 |
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Drawdowns
FLCI.TO vs. XCBG.TO - Drawdown Comparison
The maximum FLCI.TO drawdown since its inception was -17.51%, which is greater than XCBG.TO's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for FLCI.TO and XCBG.TO.
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Drawdown Indicators
| FLCI.TO | XCBG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -12.14% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -2.03% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -2.26% | -1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -3.53% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.65% | +0.16% |
Volatility
FLCI.TO vs. XCBG.TO - Volatility Comparison
Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) has a higher volatility of 1.23% compared to iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) at 0.97%. This indicates that FLCI.TO's price experiences larger fluctuations and is considered to be riskier than XCBG.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 | XCBG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.97% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.34% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 2.99% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 4.21% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 4.21% | +2.26% |
FLCI.TO vs. XCBG.TO - Expense Ratio Comparison
FLCI.TO has a 0.39% expense ratio, which is higher than XCBG.TO's 0.17% expense ratio.
Dividends
FLCI.TO vs. XCBG.TO - Dividend Comparison
FLCI.TO's dividend yield for the trailing twelve months is around 4.41%, more than XCBG.TO's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 3.92% | 3.84% | 3.61% | 3.19% | 2.99% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLCI.TO and XCBG.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCBG.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCBG.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 XCBG.TO.
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