QBB.TO vs. WSHR.NEO
QBB.TO (Mackenzie Canadian Aggregate Bond Index ETF) and WSHR.NEO (Wealthsimple Shariah World Equity Index ETF) are both exchange-traded funds - QBB.TO is a Total Bond Market fund actively managed by Mackenzie, while WSHR.NEO is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index. QBB.TO is actively managed, while WSHR.NEO is passively managed. Over the past 5 years, QBB.TO returned 0.41%/yr vs 6.09%/yr for WSHR.NEO. At a 0.20 correlation, their price movements are largely independent.
Performance
QBB.TO vs. WSHR.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, QBB.TO achieves a 0.99% return, which is significantly lower than WSHR.NEO's 8.55% return.
QBB.TO
- 1D
- 0.02%
- 1M
- -0.68%
- 6M
- 0.45%
- YTD
- 0.99%
- 1Y
- 4.09%
- 3Y*
- 4.18%
- 5Y*
- 0.41%
- 10Y*
- —
WSHR.NEO
- 1D
- -0.72%
- 1M
- 1.62%
- 6M
- 5.13%
- YTD
- 8.55%
- 1Y
- 11.24%
- 3Y*
- 9.87%
- 5Y*
- 6.09%
- 10Y*
- —
QBB.TO vs. WSHR.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QBB.TO Mackenzie Canadian Aggregate Bond Index ETF | 0.99% | 2.70% | 3.90% | 7.16% | -11.56% | 2.54% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 8.55% | 5.34% | 12.31% | 11.88% | -11.31% | 15.91% |
Correlation
The correlation between QBB.TO and WSHR.NEO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.20 |
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Return for Risk
QBB.TO vs. WSHR.NEO — Risk / Return Rank
QBB.TO
WSHR.NEO
QBB.TO vs. WSHR.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Canadian Aggregate Bond Index ETF (QBB.TO) and Wealthsimple Shariah World Equity Index ETF (WSHR.NEO). 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.
| QBB.TO | WSHR.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.27 | +0.19 |
| Martin ratioReturn relative to average drawdown | 3.72 | 4.23 | -0.50 |
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Drawdowns
QBB.TO vs. WSHR.NEO - Drawdown Comparison
The maximum QBB.TO drawdown since its inception was -16.70%, smaller than the maximum WSHR.NEO drawdown of -21.74%. Use the drawdown chart below to compare losses from any high point for QBB.TO and WSHR.NEO.
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Drawdown Indicators
| QBB.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -21.74% | +5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -8.96% | +6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | -11.15% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -21.74% | +6.42% |
Current DrawdownCurrent decline from peak | -1.16% | -1.43% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -5.08% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.67% | -1.57% |
Volatility
QBB.TO vs. WSHR.NEO - Volatility Comparison
The current volatility for Mackenzie Canadian Aggregate Bond Index ETF (QBB.TO) is 1.10%, while Wealthsimple Shariah World Equity Index ETF (WSHR.NEO) has a volatility of 2.40%. This indicates that QBB.TO experiences smaller price fluctuations and is considered to be less risky than WSHR.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QBB.TO | WSHR.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 2.40% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 7.73% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 10.74% | -6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 11.14% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.26% | 11.04% | -4.78% |
Dividends
QBB.TO vs. WSHR.NEO - Dividend Comparison
QBB.TO's dividend yield for the trailing twelve months is around 3.16%, more than WSHR.NEO's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QBB.TO Mackenzie Canadian Aggregate Bond Index ETF | 3.16% | 3.22% | 3.00% | 2.72% | 2.42% | 2.64% | 2.26% | 2.72% | 2.62% |
WSHR.NEO Wealthsimple Shariah World Equity Index ETF | 1.39% | 1.34% | 1.31% | 1.34% | 1.45% | 0.44% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBB.TO and WSHR.NEO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QBB.TO is categorized as Total Bond Market, while WSHR.NEO is Global Equities.
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