RAAX vs. XSB.TO
RAAX (VanEck Inflation Allocation ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - RAAX is a Diversified Portfolio fund actively managed by VanEck, while XSB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. RAAX is actively managed, while XSB.TO is passively managed. Over the past 5 years, RAAX returned 13.17%/yr vs -0.85%/yr for XSB.TO. At a 0.05 correlation, their price movements are largely independent. RAAX charges 0.78%/yr vs 0.10%/yr for XSB.TO.
Performance
RAAX vs. XSB.TO - Performance Comparison
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Different Trading Currencies
RAAX 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, RAAX achieves a 17.64% return, which is significantly higher than XSB.TO's -0.83% return.
RAAX
- 1D
- 2.26%
- 1M
- -3.39%
- YTD
- 17.64%
- 6M
- 17.56%
- 1Y
- 32.08%
- 3Y*
- 21.35%
- 5Y*
- 13.17%
- 10Y*
- —
XSB.TO
- 1D
- -0.18%
- 1M
- -1.11%
- YTD
- -0.83%
- 6M
- -0.03%
- 1Y
- 0.52%
- 3Y*
- 3.42%
- 5Y*
- -0.85%
- 10Y*
- 1.10%
RAAX vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RAAX VanEck Inflation Allocation ETF | 17.64% | 26.74% | 12.50% | 6.71% | 1.51% | 21.56% | -8.27% | 6.14% | -2.41% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | -0.83% | 8.66% | -2.39% | 7.22% | -9.76% | -1.06% | 7.75% | 7.64% | -4.63% |
Correlation
The correlation between RAAX and XSB.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2018 | 0.05 |
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Return for Risk
RAAX vs. XSB.TO — Risk / Return Rank
RAAX
XSB.TO
RAAX vs. XSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Inflation Allocation ETF (RAAX) 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.
| RAAX | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.04 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.68 | 0.28 | +4.40 |
| Martin ratioReturn relative to average drawdown | 16.90 | 0.67 | +16.23 |
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Drawdowns
RAAX vs. XSB.TO - Drawdown Comparison
The maximum RAAX drawdown since its inception was -33.91%, 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 RAAX and XSB.TO.
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Drawdown Indicators
| RAAX | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.91% | -28.27% | -5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -3.40% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -11.59% | -7.05% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.55% | -17.85% | -5.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.49% | — |
Current DrawdownCurrent decline from peak | -3.77% | -8.46% | +4.69% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -11.08% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.43% | +0.55% |
Volatility
RAAX vs. XSB.TO - Volatility Comparison
VanEck Inflation Allocation ETF (RAAX) has a higher volatility of 4.67% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 1.18%. This indicates that RAAX'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
| RAAX | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 1.18% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 3.67% | +8.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 4.74% | +9.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 6.84% | +8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.79% | 7.24% | +8.55% |
RAAX vs. XSB.TO - Expense Ratio Comparison
RAAX has a 0.78% expense ratio, which is higher than XSB.TO's 0.10% expense ratio.
Dividends
RAAX vs. XSB.TO - Dividend Comparison
RAAX's dividend yield for the trailing twelve months is around 1.99%, less than XSB.TO's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RAAX VanEck Inflation Allocation ETF | 1.99% | 2.34% | 1.91% | 3.66% | 1.53% | 8.72% | 6.27% | 2.37% | 0.56% | 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
RAAX and XSB.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSB.TO is cheaper with a 0.10% expense ratio, compared with 0.78% for RAAX.
RAAX is categorized as Diversified Portfolio, while XSB.TO is Canadian Government Bonds. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.78% for RAAX and 0.10% for XSB.TO.
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