QBB.TO vs. XAGH.TO
QBB.TO (Mackenzie Canadian Aggregate Bond Index ETF) and XAGH.TO (iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)) are both Total Bond Market funds. QBB.TO is actively managed, while XAGH.TO is passively managed. A 0.75 correlation means they provide meaningful diversification when combined.
Performance
QBB.TO vs. XAGH.TO - Performance Comparison
Loading charts...
Returns By Period
QBB.TO
- 1D
- 0.02%
- 1M
- -0.68%
- 6M
- 0.45%
- YTD
- 0.99%
- 1Y
- 4.09%
- 3Y*
- 4.18%
- 5Y*
- 0.41%
- 10Y*
- —
XAGH.TO
- 1D
- 0.28%
- 1M
- -0.45%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBB.TO vs. XAGH.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QBB.TO Mackenzie Canadian Aggregate Bond Index ETF | 0.51% |
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) | -0.56% |
Correlation
The correlation between QBB.TO and XAGH.TO is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026 | 0.75 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QBB.TO vs. XAGH.TO — Risk / Return Rank
QBB.TO
XAGH.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QBB.TO vs. XAGH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie Canadian Aggregate Bond Index ETF (QBB.TO) and iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.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.
| QBB.TO | XAGH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.18 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | — | — |
| Martin ratioReturn relative to average drawdown | 3.72 | — | — |
Loading charts...
Drawdowns
QBB.TO vs. XAGH.TO - Drawdown Comparison
The maximum QBB.TO drawdown since its inception was -16.70%, which is greater than XAGH.TO's maximum drawdown of -3.18%. Use the drawdown chart below to compare losses from any high point for QBB.TO and XAGH.TO.
Loading charts...
Drawdown Indicators
| QBB.TO | XAGH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.70% | -3.18% | -13.52% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | — | — |
Current DrawdownCurrent decline from peak | -1.16% | -2.22% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -1.43% | -3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | — | — |
Volatility
QBB.TO vs. XAGH.TO - Volatility Comparison
Loading charts...
Volatility by Period
| QBB.TO | XAGH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 5.21% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 5.21% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.26% | 5.21% | +1.05% |
Dividends
QBB.TO vs. XAGH.TO - Dividend Comparison
QBB.TO's dividend yield for the trailing twelve months is around 3.16%, more than XAGH.TO's 1.91% 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% |
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) | 1.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBB.TO and XAGH.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Mackenzie and iShares.
Find the right allocation for QBB.TO and XAGH.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer