RLY vs. XSB.TO
RLY (SPDR SSgA Multi-Asset Real Return ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - RLY is a Hedge Fund fund actively managed by State Street, while XSB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. RLY is actively managed, while XSB.TO is passively managed. Over the past 10 years, RLY returned 8.43%/yr vs 1.10%/yr for XSB.TO. At a 0.05 correlation, their price movements are largely independent. RLY charges 0.50%/yr vs 0.10%/yr for XSB.TO.
Performance
RLY vs. XSB.TO - Performance Comparison
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Different Trading Currencies
RLY 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, RLY achieves a 15.03% return, which is significantly higher than XSB.TO's -0.83% return. Over the past 10 years, RLY has outperformed XSB.TO with an annualized return of 8.43%, while XSB.TO has yielded a comparatively lower 1.10% annualized return.
RLY
- 1D
- 0.47%
- 1M
- -2.69%
- YTD
- 15.03%
- 6M
- 15.93%
- 1Y
- 26.61%
- 3Y*
- 13.98%
- 5Y*
- 9.93%
- 10Y*
- 8.43%
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%
RLY vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 15.03% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
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% | -6.28% | 7.40% |
Correlation
The correlation between RLY and XSB.TO is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2012 | 0.05 |
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Return for Risk
RLY vs. XSB.TO — Risk / Return Rank
RLY
XSB.TO
RLY vs. XSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) 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.
| RLY | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.04 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 5.95 | 0.28 | +5.67 |
| Martin ratioReturn relative to average drawdown | 22.94 | 0.67 | +22.27 |
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Drawdowns
RLY vs. XSB.TO - Drawdown Comparison
The maximum RLY drawdown since its inception was -37.75%, 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 RLY and XSB.TO.
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Drawdown Indicators
| RLY | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.75% | -28.27% | -9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -3.40% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -7.05% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -17.85% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -34.17% | -18.49% | -15.68% |
Current DrawdownCurrent decline from peak | -3.37% | -8.46% | +5.09% |
Average DrawdownAverage peak-to-trough decline | -9.44% | -11.08% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.43% | -0.23% |
Volatility
RLY vs. XSB.TO - Volatility Comparison
SPDR SSgA Multi-Asset Real Return ETF (RLY) has a higher volatility of 3.25% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 1.18%. This indicates that RLY'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
| RLY | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 1.18% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 3.67% | +4.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.37% | 4.74% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 6.84% | +6.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 7.24% | +6.58% |
RLY vs. XSB.TO - Expense Ratio Comparison
RLY has a 0.50% expense ratio, which is higher than XSB.TO's 0.10% expense ratio.
Dividends
RLY vs. XSB.TO - Dividend Comparison
RLY's dividend yield for the trailing twelve months is around 2.92%, less than XSB.TO's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 2.92% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
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
RLY and XSB.TO have a correlation of 0.10, 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 0.50% for RLY.
RLY is categorized as Hedge Fund, while XSB.TO is Canadian Government Bonds. They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for RLY and 0.10% for XSB.TO.
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