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RUSB.TO vs. XSB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RUSB.TO vs. XSB.TO

Last updated Jul 16, 2026
Documentation

RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both Short-Term Bond funds. RUSB.TO is actively managed, while XSB.TO is passively managed. Over the past 5 years, RUSB.TO returned 4.61%/yr vs 2.08%/yr for XSB.TO. At a 0.10 correlation, their price movements are largely independent.

Performance

RUSB.TO vs. XSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RUSB.TO achieves a 3.34% return, which is significantly higher than XSB.TO's 1.21% return.

RUSB.TO

1D
-1.54%
1M
0.69%
6M
1.97%
YTD
3.34%
1Y
6.49%
3Y*
7.53%
5Y*
4.61%
10Y*
—

XSB.TO

1D
0.15%
1M
-0.00%
6M
0.91%
YTD
1.21%
1Y
3.45%
3Y*
4.89%
5Y*
2.08%
10Y*
1.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RUSB.TO vs. XSB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RUSB.TO
RBC Short Term U.S. Corporate Bond ETF		3.34%1.61%13.88%3.94%-0.28%-0.52%1.46%2.36%7.83%-0.13%
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		1.21%3.70%5.87%4.67%-4.04%-1.11%5.20%3.20%1.60%-0.14%

Correlation

The correlation between RUSB.TO and XSB.TO is -0.02, 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

-0.02

Correlation (3Y)
Calculated over the trailing 3-year period

0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2017

0.10

The correlation between RUSB.TO and XSB.TO shifts across timeframes, from -0.02 (1 year) to 0.10 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

RBC Short Term U.S. Corporate Bond ETF

iShares Core Canadian Short Term Bond Index ETF

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Return for Risk

RUSB.TO vs. XSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RUSB.TO
RUSB.TO Risk / Return Rank: 3535
Overall Rank
RUSB.TO Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
RUSB.TO Sortino Ratio Rank: 3030
Sortino Ratio Rank
RUSB.TO Omega Ratio Rank: 3838
Omega Ratio Rank
RUSB.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
RUSB.TO Martin Ratio Rank: 3232
Martin Ratio Rank
XSB.TO
XSB.TO Risk / Return Rank: 6464
Overall Rank
XSB.TO Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XSB.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
XSB.TO Omega Ratio Rank: 7272
Omega Ratio Rank
XSB.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XSB.TO Martin Ratio Rank: 5757
Martin Ratio Rank
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.

RUSB.TO vs. XSB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) 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.

RUSB.TOXSB.TODifference
Sharpe ratioReturn per unit of total volatility
1.01
1.71

-0.70

Sortino ratioReturn per unit of downside risk
1.42
2.45

-1.03

Omega ratioGain probability vs. loss probability

1.22

1.34

-0.12

Calmar ratioReturn relative to maximum drawdown

1.81

2.35

-0.54

Martin ratioReturn relative to average drawdown

3.97

7.96

-3.99

RUSB.TO vs. XSB.TO - Sharpe Ratio Comparison

The current RUSB.TO Sharpe Ratio is 1.01, which is lower than the XSB.TO Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of RUSB.TO and XSB.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.

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Drawdowns

RUSB.TO vs. XSB.TO - Drawdown Comparison

The maximum RUSB.TO drawdown since its inception was -14.28%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for RUSB.TO and XSB.TO.

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Drawdown Indicators

RUSB.TOXSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-14.28%

-8.65%

-5.63%

Max Drawdown (1Y)

Largest decline over 1 year

-3.60%

-1.47%

-2.13%

Max Drawdown (3Y)

Largest decline over 3 years

-5.26%

-1.47%

-3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-8.10%

-6.99%

-1.11%

Max Drawdown (10Y)

Largest decline over 10 years

—

-8.65%

—

Current Drawdown

Current decline from peak

-1.54%

-0.30%

-1.24%

Average Drawdown

Average peak-to-trough decline

-4.11%

-0.79%

-3.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.64%

0.43%

+1.21%

Volatility

RUSB.TO vs. XSB.TO - Volatility Comparison

RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.61%. This indicates that RUSB.TO'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

RUSB.TOXSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.05%

0.61%

+1.44%

Volatility (6M)

Calculated over the trailing 6-month period

4.25%

1.70%

+2.55%

Volatility (1Y)

Calculated over the trailing 1-year period

6.45%

2.03%

+4.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.05%

2.73%

+4.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.96%

3.40%

+3.56%

Dividends

RUSB.TO vs. XSB.TO - Dividend Comparison

RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, more than XSB.TO's 3.10% yield.

PositionTTM20252024202320222021202020192018201720162015
RUSB.TO
RBC Short Term U.S. Corporate Bond ETF		4.13%3.96%3.38%3.26%2.48%2.30%2.78%2.80%1.90%0.41%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

RUSB.TO and XSB.TO have a correlation of -0.02, 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: RBC and iShares.

Portfolio Optimizer

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