FLCI.TO vs. XIGS.TO
FLCI.TO (Franklin Canadian Corporate Bond Fund ETF) and XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) are both Corporate Bonds funds. FLCI.TO is actively managed, while XIGS.TO is passively managed. Over the past 3 years, FLCI.TO returned 7.01%/yr vs 4.15%/yr for XIGS.TO. At a 0.35 correlation, their price movements are largely independent. FLCI.TO charges 0.39%/yr vs 0.16%/yr for XIGS.TO.
Performance
FLCI.TO vs. XIGS.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 XIGS.TO's 0.02% 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*
- —
XIGS.TO
- 1D
- 0.03%
- 1M
- 0.43%
- YTD
- 0.02%
- 6M
- 0.14%
- 1Y
- 2.59%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
FLCI.TO vs. XIGS.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% | -0.06% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 0.02% | 4.82% | 3.76% | 5.39% | -5.89% | -0.97% |
Correlation
The correlation between FLCI.TO and XIGS.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.35 |
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Return for Risk
FLCI.TO vs. XIGS.TO — Risk / Return Rank
FLCI.TO
XIGS.TO
FLCI.TO vs. XIGS.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 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.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 | XIGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.62 | +1.05 |
| Martin ratioReturn relative to average drawdown | 7.43 | 4.74 | +2.68 |
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Drawdowns
FLCI.TO vs. XIGS.TO - Drawdown Comparison
The maximum FLCI.TO drawdown since its inception was -17.51%, which is greater than XIGS.TO's maximum drawdown of -10.12%. Use the drawdown chart below to compare losses from any high point for FLCI.TO and XIGS.TO.
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Drawdown Indicators
| FLCI.TO | XIGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -10.12% | -7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -1.60% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -1.60% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.70% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -2.90% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.55% | +0.26% |
Volatility
FLCI.TO vs. XIGS.TO - Volatility Comparison
Franklin Canadian Corporate Bond Fund ETF (FLCI.TO) has a higher volatility of 1.23% compared to iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) at 0.98%. This indicates that FLCI.TO's price experiences larger fluctuations and is considered to be riskier than XIGS.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 | XIGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.98% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 1.62% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 2.35% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 3.31% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.47% | 3.31% | +3.16% |
FLCI.TO vs. XIGS.TO - Expense Ratio Comparison
FLCI.TO has a 0.39% expense ratio, which is higher than XIGS.TO's 0.16% expense ratio.
Dividends
FLCI.TO vs. XIGS.TO - Dividend Comparison
FLCI.TO's dividend yield for the trailing twelve months is around 4.41%, less than XIGS.TO's 4.46% 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% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.46% | 4.10% | 3.71% | 3.03% | 1.75% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLCI.TO and XIGS.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIGS.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIGS.TO is cheaper with a 0.16% 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 0.16% for XIGS.TO.
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