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

K.TO vs. XSB.TO

Last updated Jun 20, 2026

K.TO (Kinross Gold Corporation) 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 10 years, K.TO returned 20.94%/yr vs 2.01%/yr for XSB.TO. At a 0.12 correlation, their price movements are largely independent.

Performance

K.TO vs. XSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Kinross Gold Corporation (K.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, K.TO achieves a -4.17% return, which is significantly lower than XSB.TO's 1.25% return. Over the past 10 years, K.TO has outperformed XSB.TO with an annualized return of 20.94%, while XSB.TO has yielded a comparatively lower 2.01% annualized return.

K.TO

1D
-1.99%
1M
-6.50%
YTD
-4.17%
6M
-6.02%
1Y
74.93%
3Y*
84.07%
5Y*
38.18%
10Y*
20.94%

XSB.TO

1D
0.00%
1M
0.63%
YTD
1.25%
6M
1.36%
1Y
3.15%
3Y*
4.91%
5Y*
2.14%
10Y*
2.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
K.TO
Kinross Gold Corporation		-4.17%191.80%69.08%49.14%-22.75%-20.24%52.79%40.00%-18.82%29.36%
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		1.25%3.70%5.87%4.67%-4.04%-1.11%5.20%3.20%1.60%0.13%

Correlation

The correlation between K.TO and XSB.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.26

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

0.20

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

0.22

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Jul 19, 2006

0.12

The correlation between K.TO and XSB.TO shifts across timeframes, from 0.12 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

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Kinross Gold Corporation

iShares Core Canadian Short Term Bond Index ETF

Often compared with K.TO:
K.TO vs. FNV.TOK.TO vs. DPM.TOK.TO vs. AYA.TOK.TO vs. AEM.TOK.TO vs. GLDK.TO vs. VFV.TOK.TO vs. TLT
Often compared with XSB.TO:
XSB.TO vs. XBB.TOXSB.TO vs. ZAG.TOXSB.TO vs. VSB.TOXSB.TO vs. XSH.TOXSB.TO vs. XCB.TOXSB.TO vs. XLB.TOXSB.TO vs. ZCS.TO

Return for Risk

K.TO vs. XSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
K.TO
K.TO Risk / Return Rank: 7878
Overall Rank
K.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
K.TO Sortino Ratio Rank: 7575
Sortino Ratio Rank
K.TO Omega Ratio Rank: 7777
Omega Ratio Rank
K.TO Calmar Ratio Rank: 7777
Calmar Ratio Rank
K.TO Martin Ratio Rank: 7979
Martin Ratio Rank
XSB.TO
XSB.TO Risk / Return Rank: 4949
Overall Rank
XSB.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XSB.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
XSB.TO Omega Ratio Rank: 5353
Omega Ratio Rank
XSB.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
XSB.TO Martin Ratio Rank: 4747
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.

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

This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (K.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.

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.

K.TOXSB.TODifference
Sharpe ratioReturn per unit of total volatility
1.50
1.63

-0.13

Sortino ratioReturn per unit of downside risk
1.94
2.34

-0.40

Omega ratioGain probability vs. loss probability

1.26

1.32

-0.06

Calmar ratioReturn relative to maximum drawdown

2.13

2.22

-0.09

Martin ratioReturn relative to average drawdown

6.01

7.37

-1.36

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

The current K.TO Sharpe Ratio is 1.50, which is comparable to the XSB.TO Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of K.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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Drawdowns

K.TO vs. XSB.TO - Drawdown Comparison

The maximum K.TO drawdown since its inception was -92.37%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for K.TO and XSB.TO.

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Drawdown Indicators

K.TOXSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-92.37%

-8.65%

-83.72%

Max Drawdown (1Y)

Largest decline over 1 year

-36.29%

-1.47%

-34.82%

Max Drawdown (3Y)

Largest decline over 3 years

-36.29%

-1.47%

-34.82%

Max Drawdown (5Y)

Largest decline over 5 years

-53.71%

-6.99%

-46.72%

Max Drawdown (10Y)

Largest decline over 10 years

-68.36%

-8.65%

-59.71%

Current Drawdown

Current decline from peak

-28.65%

0.00%

-28.65%

Average Drawdown

Average peak-to-trough decline

-56.01%

-0.79%

-55.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.84%

0.44%

+12.40%

Volatility

K.TO vs. XSB.TO - Volatility Comparison

Kinross Gold Corporation (K.TO) has a higher volatility of 17.53% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.54%. This indicates that K.TO'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

K.TOXSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.53%

0.54%

+16.99%

Volatility (6M)

Calculated over the trailing 6-month period

39.81%

1.62%

+38.19%

Volatility (1Y)

Calculated over the trailing 1-year period

51.56%

2.01%

+49.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.41%

2.72%

+39.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.65%

3.40%

+42.25%

Dividends

K.TO vs. XSB.TO - Dividend Comparison

K.TO's dividend yield for the trailing twelve months is around 0.54%, less than XSB.TO's 3.10% yield.

PositionTTM20252024202320222021202020192018201720162015
K.TO
Kinross Gold Corporation		0.54%0.45%1.23%2.04%2.68%1.63%0.85%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

K.TO and XSB.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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