IREN vs. XSB.TO
IREN (IREN Limited) is a stock, while XSB.TO (iShares Core Canadian Short Term Bond Index ETF) is Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. Over the past 3 years, IREN returned 159.78%/yr vs 2.55%/yr for XSB.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
IREN vs. XSB.TO - Performance Comparison
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Different Trading Currencies
IREN is traded in USD, while XSB.TO is traded in CAD. To make them comparable, the XSB.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IREN achieves a 58.75% return, which is significantly higher than XSB.TO's -1.94% return.
IREN
- 1D
- 3.18%
- 1M
- 5.51%
- YTD
- 58.75%
- 6M
- 50.20%
- 1Y
- 472.68%
- 3Y*
- 159.78%
- 5Y*
- —
- 10Y*
- —
XSB.TO
- 1D
- -0.29%
- 1M
- -2.16%
- YTD
- -1.94%
- 6M
- -1.24%
- 1Y
- -0.10%
- 3Y*
- 2.55%
- 5Y*
- -0.59%
- 10Y*
- 0.99%
IREN vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IREN IREN Limited | 58.75% | 284.62% | 37.34% | 472.00% | -92.27% | -42.25% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | -1.94% | 8.66% | -2.39% | 7.22% | -9.76% | -1.19% |
Correlation
The correlation between IREN and XSB.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.06 |
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Return for Risk
IREN vs. XSB.TO — Risk / Return Rank
IREN
XSB.TO
IREN vs. XSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IREN Limited (IREN) 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.
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.
| IREN | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.01 | ||
| Sortino ratioReturn per unit of downside risk | +3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.00 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 8.81 | 0.00 | +8.80 |
| Martin ratioReturn relative to average drawdown | 16.69 | 0.01 | +16.68 |
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Drawdowns
IREN vs. XSB.TO - Drawdown Comparison
The maximum IREN drawdown since its inception was -96.21%, which is greater than XSB.TO's maximum drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for IREN and XSB.TO.
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Drawdown Indicators
| IREN | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.21% | -28.27% | -67.94% |
Max Drawdown (1Y)Largest decline over 1 year | -58.62% | -3.82% | -54.80% |
Max Drawdown (3Y)Largest decline over 3 years | -65.56% | -7.05% | -58.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.49% | — |
Current DrawdownCurrent decline from peak | -21.53% | -9.49% | -12.04% |
Average DrawdownAverage peak-to-trough decline | -65.27% | -11.09% | -54.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.86% | 1.49% | +29.37% |
Volatility
IREN vs. XSB.TO - Volatility Comparison
IREN Limited (IREN) has a higher volatility of 31.21% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 1.22%. This indicates that IREN's price experiences larger fluctuations and is considered to be riskier 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
| IREN | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.21% | 1.22% | +29.99% |
Volatility (6M)Calculated over the trailing 6-month period | 74.23% | 3.70% | +70.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 102.92% | 4.72% | +98.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 118.43% | 6.83% | +111.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 118.43% | 7.24% | +111.19% |
Dividends
IREN vs. XSB.TO - Dividend Comparison
IREN has not paid dividends to shareholders, while XSB.TO's dividend yield for the trailing twelve months is around 3.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IREN IREN Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.10% | 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
IREN and XSB.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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