HYXF vs. XESG.TO
HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) and XESG.TO (iShares ESG Aware MSCI Canada Index ETF) are both exchange-traded funds - HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while XESG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD. Both are passively managed. Over the past 5 years, HYXF returned 3.61%/yr vs 9.28%/yr for XESG.TO. At a 0.42 correlation, their price movements are largely independent. HYXF charges 0.35%/yr vs 0.16%/yr for XESG.TO.
Performance
HYXF vs. XESG.TO - Performance Comparison
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Different Trading Currencies
HYXF is traded in USD, while XESG.TO is traded in CAD. To make them comparable, the XESG.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HYXF achieves a 1.06% return, which is significantly lower than XESG.TO's 8.30% return.
HYXF
- 1D
- -0.05%
- 1M
- 0.47%
- YTD
- 1.06%
- 6M
- 1.78%
- 1Y
- 5.83%
- 3Y*
- 8.51%
- 5Y*
- 3.61%
- 10Y*
- —
XESG.TO
- 1D
- 0.62%
- 1M
- -0.17%
- YTD
- 8.30%
- 6M
- 6.45%
- 1Y
- 25.69%
- 3Y*
- 19.26%
- 5Y*
- 9.28%
- 10Y*
- —
HYXF vs. XESG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 1.06% | 8.88% | 8.35% | 11.87% | -11.90% | 2.60% | 6.07% | 7.24% |
XESG.TO iShares ESG Aware MSCI Canada Index ETF | 8.30% | 32.39% | 10.84% | 12.99% | -13.14% | 23.15% | 3.60% | 14.68% |
Correlation
The correlation between HYXF and XESG.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2019 | 0.42 |
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Return for Risk
HYXF vs. XESG.TO — Risk / Return Rank
HYXF
XESG.TO
HYXF vs. XESG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) and iShares ESG Aware MSCI Canada Index ETF (XESG.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.
| HYXF | XESG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.69 | -0.43 |
| Martin ratioReturn relative to average drawdown | 10.11 | 10.85 | -0.74 |
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Drawdowns
HYXF vs. XESG.TO - Drawdown Comparison
The maximum HYXF drawdown since its inception was -18.75%, smaller than the maximum XESG.TO drawdown of -44.41%. Use the drawdown chart below to compare losses from any high point for HYXF and XESG.TO.
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Drawdown Indicators
| HYXF | XESG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -44.41% | +25.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | -9.72% | +7.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.81% | -15.36% | +10.55% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -25.05% | +9.05% |
Current DrawdownCurrent decline from peak | -0.13% | -1.74% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -7.12% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.40% | -1.83% |
Volatility
HYXF vs. XESG.TO - Volatility Comparison
The current volatility for iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) is 1.26%, while iShares ESG Aware MSCI Canada Index ETF (XESG.TO) has a volatility of 4.57%. This indicates that HYXF experiences smaller price fluctuations and is considered to be less risky than XESG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYXF | XESG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 4.57% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 11.81% | -8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 14.33% | -10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.05% | 15.45% | -7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.31% | 23.02% | -14.71% |
HYXF vs. XESG.TO - Expense Ratio Comparison
HYXF has a 0.35% expense ratio, which is higher than XESG.TO's 0.16% expense ratio.
Dividends
HYXF vs. XESG.TO - Dividend Comparison
HYXF's dividend yield for the trailing twelve months is around 6.09%, more than XESG.TO's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.09% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
XESG.TO iShares ESG Aware MSCI Canada Index ETF | 1.99% | 2.17% | 2.57% | 2.89% | 2.77% | 2.01% | 2.30% | 1.08% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HYXF and XESG.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESG.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESG.TO is cheaper with a 0.16% expense ratio, compared with 0.35% for HYXF.
HYXF is categorized as High Yield Bonds, while XESG.TO is Canada Equities. HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened, while XESG.TO tracks Morningstar Canada GR CAD. Their fees differ too: 0.35% for HYXF and 0.16% for XESG.TO.
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