RSBA vs. XIC.TO

Last updated Jun 4, 2026

RSBA (Return Stacked Bonds & Merger Arbitrage ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - RSBA is a Leveraged Bonds fund actively managed by Return Stacked, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. RSBA is actively managed, while XIC.TO is passively managed. Over the past year, RSBA returned 4.65% vs 35.11% for XIC.TO. At a 0.23 correlation, their price movements are largely independent. RSBA charges 0.96%/yr vs 0.06%/yr for XIC.TO.

Performance

RSBA vs. XIC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Bonds & Merger Arbitrage ETF (RSBA) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RSBA is traded in USD, while XIC.TO is traded in CAD. To make them comparable, the XIC.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RSBA achieves a -0.30% return, which is significantly lower than XIC.TO's 11.07% return.

RSBA

• 1D: -0.24%
• 1M: 0.15%
• YTD: -0.30%
• 6M: -0.66%
• 1Y: 4.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XIC.TO

• 1D: 0.00%
• 1M: 3.09%
• YTD: 11.07%
• 6M: 15.09%
• 1Y: 35.11%
• 3Y*: 22.84%
• 5Y*: 11.78%
• 10Y*: 11.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RSBA vs. XIC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSBA Return Stacked Bonds & Merger Arbitrage ETF	-0.30%	7.73%	-0.04%
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	9.38%	37.82%	1.33%

Correlation

The correlation between RSBA and XIC.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.23

Return for Risk

RSBA vs. XIC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RSBA

RSBA Risk / Return Rank: 30
RSBA Sharpe Ratio Rank: 28
RSBA Sortino Ratio Rank: 28
RSBA Omega Ratio Rank: 26
RSBA Calmar Ratio Rank: 35
RSBA Martin Ratio Rank: 32

XIC.TO

XIC.TO Risk / Return Rank: 80
XIC.TO Sharpe Ratio Rank: 83
XIC.TO Sortino Ratio Rank: 78
XIC.TO Omega Ratio Rank: 81
XIC.TO Calmar Ratio Rank: 73
XIC.TO Martin Ratio Rank: 83

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.

RSBA vs. XIC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Bonds & Merger Arbitrage ETF (RSBA) and iShares Core S&P/TSX Capped Composite Index ETF (XIC.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.

	RSBA	XIC.TO	Difference
Sharpe ratio Return per unit of total volatility	1.02	2.47	-1.45
Sortino ratio Return per unit of downside risk	1.52	3.19	-1.67
Omega ratio Gain probability vs. loss probability	1.18	1.44	-0.26
Calmar ratio Return relative to maximum drawdown	1.70	3.69	-1.98
Martin ratio Return relative to average drawdown	4.70	15.58	-10.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSBA vs. XIC.TO - Sharpe Ratio Comparison

The current RSBA Sharpe Ratio is 1.02, which is lower than the XIC.TO Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of RSBA and XIC.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.

Sharpe Ratios by Period

	RSBA	XIC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	2.47	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.50	+0.50

Drawdowns

RSBA vs. XIC.TO - Drawdown Comparison

The maximum RSBA drawdown since its inception was -2.83%, smaller than the maximum XIC.TO drawdown of -42.80%. Use the drawdown chart below to compare losses from any high point for RSBA and XIC.TO.

Drawdown Indicators

	RSBA	XIC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-2.83%	-42.80%	+39.97%
Max Drawdown (1Y) Largest decline over 1 year	-2.74%	-9.57%	+6.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.80%	—
Current Drawdown Current decline from peak	-1.62%	0.00%	-1.62%
Average Drawdown Average peak-to-trough decline	-0.81%	-8.93%	+8.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	2.26%	-1.27%

Volatility

RSBA vs. XIC.TO - Volatility Comparison

The current volatility for Return Stacked Bonds & Merger Arbitrage ETF (RSBA) is 1.37%, while iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a volatility of 3.48%. This indicates that RSBA experiences smaller price fluctuations and is considered to be less risky than XIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSBA	XIC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	3.48%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	3.27%	11.55%	-8.28%
Volatility (1Y) Calculated over the trailing 1-year period	4.59%	14.26%	-9.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.08%	17.03%	-11.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.08%	18.59%	-13.51%

RSBA vs. XIC.TO - Expense Ratio Comparison

RSBA has a 0.96% expense ratio, which is higher than XIC.TO's 0.06% expense ratio.

Dividends

RSBA vs. XIC.TO - Dividend Comparison

RSBA's dividend yield for the trailing twelve months is around 3.38%, more than XIC.TO's 2.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSBA Return Stacked Bonds & Merger Arbitrage ETF	3.38%	3.37%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	2.02%	2.23%	2.64%	2.95%	3.10%	2.44%	3.03%	3.01%	3.19%	2.49%	2.72%	3.21%

Frequently Asked Questions

Can I hold both RSBA and XIC.TO in my portfolio?

RSBA and XIC.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSBA or XIC.TO?

On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSBA or XIC.TO?

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.96% for RSBA.

What is the main difference between RSBA and XIC.TO?

RSBA is categorized as Leveraged Bonds, while XIC.TO is Canada Equities. They also come from different issuers: Return Stacked and iShares. Their fees differ too: 0.96% for RSBA and 0.06% for XIC.TO.