SPYX vs. XSAB.TO
SPYX (State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF) and XSAB.TO (iShares ESG Aware Canadian Aggregate Bond Index ETF) are both exchange-traded funds - SPYX is a S&P 500 fund tracking the S&P 500 Fossil Fuel Reserves Free Index, while XSAB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD. Both are passively managed. Over the past 5 years, SPYX returned 12.96%/yr vs -2.33%/yr for XSAB.TO. At a 0.04 correlation, their price movements are largely independent. SPYX charges 0.20%/yr vs 0.17%/yr for XSAB.TO.
Performance
SPYX vs. XSAB.TO - Performance Comparison
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Different Trading Currencies
SPYX is traded in USD, while XSAB.TO is traded in CAD. To make them comparable, the XSAB.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYX achieves a 8.26% return, which is significantly higher than XSAB.TO's -0.41% return.
SPYX
- 1D
- 0.53%
- 1M
- -0.85%
- YTD
- 8.26%
- 6M
- 8.62%
- 1Y
- 24.90%
- 3Y*
- 20.78%
- 5Y*
- 12.96%
- 10Y*
- 15.50%
XSAB.TO
- 1D
- -0.18%
- 1M
- -0.71%
- YTD
- -0.41%
- 6M
- 0.56%
- 1Y
- 0.92%
- 3Y*
- 2.97%
- 5Y*
- -2.33%
- 10Y*
- —
SPYX vs. XSAB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 8.26% | 17.87% | 25.46% | 26.38% | -19.59% | 28.06% | 19.87% | 17.45% |
XSAB.TO iShares ESG Aware Canadian Aggregate Bond Index ETF | -0.41% | 7.11% | -4.09% | 8.94% | -16.70% | -2.66% | 10.41% | 5.06% |
Correlation
The correlation between SPYX and XSAB.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2019 | 0.04 |
Over the past year, SPYX and XSAB.TO have become more correlated (0.24) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
SPYX vs. XSAB.TO — Risk / Return Rank
SPYX
XSAB.TO
SPYX vs. XSAB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and iShares ESG Aware Canadian Aggregate Bond Index ETF (XSAB.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.
| SPYX | XSAB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.04 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 0.28 | +2.12 |
| Martin ratioReturn relative to average drawdown | 10.78 | 0.67 | +10.11 |
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Drawdowns
SPYX vs. XSAB.TO - Drawdown Comparison
The maximum SPYX drawdown since its inception was -32.84%, which is greater than XSAB.TO's maximum drawdown of -24.60%. Use the drawdown chart below to compare losses from any high point for SPYX and XSAB.TO.
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Drawdown Indicators
| SPYX | XSAB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.84% | -24.60% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -3.91% | -5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -18.74% | -8.74% | -10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -24.23% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -32.84% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -11.10% | +8.72% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -10.08% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.64% | +0.55% |
Volatility
SPYX vs. XSAB.TO - Volatility Comparison
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) has a higher volatility of 4.52% compared to iShares ESG Aware Canadian Aggregate Bond Index ETF (XSAB.TO) at 1.77%. This indicates that SPYX's price experiences larger fluctuations and is considered to be riskier than XSAB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYX | XSAB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 1.77% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 4.64% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 5.94% | +6.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 9.14% | +7.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 9.37% | +8.67% |
SPYX vs. XSAB.TO - Expense Ratio Comparison
SPYX has a 0.20% expense ratio, which is higher than XSAB.TO's 0.17% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYX vs. XSAB.TO - Dividend Comparison
SPYX's dividend yield for the trailing twelve months is around 0.86%, less than XSAB.TO's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 0.86% | 0.91% | 1.05% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.16% |
XSAB.TO iShares ESG Aware Canadian Aggregate Bond Index ETF | 3.26% | 3.20% | 3.01% | 2.81% | 2.75% | 2.35% | 2.49% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYX and XSAB.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSAB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSAB.TO is cheaper with a 0.17% expense ratio, compared with 0.20% for SPYX.
SPYX is categorized as S&P 500, while XSAB.TO is Canadian Government Bonds. SPYX tracks S&P 500 Fossil Fuel Reserves Free Index, while XSAB.TO tracks Morningstar Can Core Bd GR CAD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SPYX and 0.17% for XSAB.TO.
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