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FSB.TO vs. XSB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FSB.TO vs. XSB.TO

Last updated Jun 5, 2026

FSB.TO (CI First Asset Enhanced Short Duration Bond Fund ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - FSB.TO is a fund fund, while XSB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Over the past 5 years, FSB.TO returned 3.50%/yr vs 2.02%/yr for XSB.TO. At a 0.30 correlation, their price movements are largely independent.

Performance

FSB.TO vs. XSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI First Asset Enhanced Short Duration Bond Fund ETF (FSB.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FSB.TO achieves a 1.05% return, which is significantly higher than XSB.TO's 0.99% return.

FSB.TO

1D
0.00%
1M
0.33%
YTD
1.05%
6M
1.17%
1Y
2.88%
3Y*
4.19%
5Y*
3.50%
10Y*
—

XSB.TO

1D
-0.04%
1M
0.82%
YTD
0.99%
6M
0.88%
1Y
2.88%
3Y*
4.74%
5Y*
2.02%
10Y*
1.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FSB.TO vs. XSB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FSB.TO
CI First Asset Enhanced Short Duration Bond Fund ETF		1.05%3.78%4.45%5.54%0.72%2.92%5.81%3.49%0.91%0.91%
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		0.99%3.70%5.87%4.67%-4.04%-1.11%5.20%3.20%1.60%0.65%

Correlation

The correlation between FSB.TO and XSB.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2017

0.30

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CI First Asset Enhanced Short Duration Bond Fund ETF

iShares Core Canadian Short Term Bond Index ETF

Often compared with XSB.TO:
XSB.TO vs. XBB.TOXSB.TO vs. ZAG.TOXSB.TO vs. XSH.TOXSB.TO vs. VSB.TOXSB.TO vs. XCB.TOXSB.TO vs. XLB.TOXSB.TO vs. ZCS.TO

Return for Risk

FSB.TO vs. XSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FSB.TO
FSB.TO Risk / Return Rank: 4848
Overall Rank
FSB.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
FSB.TO Sortino Ratio Rank: 3535
Sortino Ratio Rank
FSB.TO Omega Ratio Rank: 3232
Omega Ratio Rank
FSB.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
FSB.TO Martin Ratio Rank: 7474
Martin Ratio Rank
XSB.TO
XSB.TO Risk / Return Rank: 4242
Overall Rank
XSB.TO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
XSB.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
XSB.TO Omega Ratio Rank: 4545
Omega Ratio Rank
XSB.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XSB.TO Martin Ratio Rank: 4141
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FSB.TO vs. XSB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI First Asset Enhanced Short Duration Bond Fund ETF (FSB.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.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.

FSB.TOXSB.TODifference
Sharpe ratioReturn per unit of total volatility
1.20
1.45

-0.25

Sortino ratioReturn per unit of downside risk
1.79
2.05

-0.26

Omega ratioGain probability vs. loss probability

1.21

1.28

-0.07

Calmar ratioReturn relative to maximum drawdown

3.36

1.96

+1.40

Martin ratioReturn relative to average drawdown

13.71

6.50

+7.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSB.TO vs. XSB.TO - Sharpe Ratio Comparison

The current FSB.TO Sharpe Ratio is 1.20, which is comparable to the XSB.TO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of FSB.TO and XSB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FSB.TOXSB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

1.45

-0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.33

0.75

+0.59

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.58

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.29

1.11

+0.18

Drawdowns

FSB.TO vs. XSB.TO - Drawdown Comparison

The maximum FSB.TO drawdown since its inception was -5.94%, smaller than the maximum XSB.TO drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for FSB.TO and XSB.TO.

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Drawdown Indicators

FSB.TOXSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-5.94%

-8.65%

+2.71%

Max Drawdown (1Y)

Largest decline over 1 year

-0.86%

-1.47%

+0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-1.24%

-1.47%

+0.23%

Max Drawdown (5Y)

Largest decline over 5 years

-2.90%

-6.99%

+4.09%

Max Drawdown (10Y)

Largest decline over 10 years

—

-8.65%

—

Current Drawdown

Current decline from peak

-0.21%

-0.15%

-0.06%

Average Drawdown

Average peak-to-trough decline

-0.30%

-0.83%

+0.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.21%

0.44%

-0.23%

Volatility

FSB.TO vs. XSB.TO - Volatility Comparison

The current volatility for CI First Asset Enhanced Short Duration Bond Fund ETF (FSB.TO) is 0.70%, while iShares Core Canadian Short Term Bond Index ETF (XSB.TO) has a volatility of 0.78%. This indicates that FSB.TO experiences smaller price fluctuations and is considered to be less risky than XSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FSB.TOXSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.70%

0.78%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

1.66%

1.68%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

2.42%

2.00%

+0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.62%

2.72%

-0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.62%

3.40%

-0.78%

Dividends

FSB.TO vs. XSB.TO - Dividend Comparison

FSB.TO's dividend yield for the trailing twelve months is around 4.01%, more than XSB.TO's 3.11% yield.

PositionTTM20252024202320222021202020192018201720162015
FSB.TO
CI First Asset Enhanced Short Duration Bond Fund ETF		4.01%3.99%3.98%4.30%4.98%4.09%4.31%2.42%2.44%1.20%0.00%0.00%
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		3.11%3.15%3.05%2.67%2.28%2.05%2.21%2.39%2.39%2.36%2.36%2.50%

Frequently Asked Questions

FSB.TO and XSB.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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