TLN vs. XSB.TO
TLN (Talen Energy Corporation) is a stock, while XSB.TO (iShares Core Canadian Short Term Bond Index ETF) is Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. Over the past 3 years, TLN returned 110.91%/yr vs 2.55%/yr for XSB.TO. At a 0.03 correlation, their price movements are largely independent.
Performance
TLN vs. XSB.TO - Performance Comparison
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Different Trading Currencies
TLN 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, TLN achieves a 16.39% return, which is significantly higher than XSB.TO's -1.94% return.
TLN
- 1D
- 6.46%
- 1M
- 17.14%
- YTD
- 16.39%
- 6M
- 17.20%
- 1Y
- 51.14%
- 3Y*
- 110.91%
- 5Y*
- —
- 10Y*
- —
XSB.TO
- 1D
- -0.29%
- 1M
- -2.16%
- YTD
- -1.94%
- 6M
- -1.24%
- 1Y
- -0.10%
- 3Y*
- 2.55%
- 5Y*
- -0.59%
- 10Y*
- 0.99%
TLN vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TLN Talen Energy Corporation | 16.39% | 86.05% | 214.80% | 38.01% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | -1.94% | 8.66% | -2.39% | 6.05% |
Correlation
The correlation between TLN and XSB.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2023 | 0.03 |
The correlation between TLN and XSB.TO shifts across timeframes, from 0.03 (3 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLN vs. XSB.TO — Risk / Return Rank
TLN
XSB.TO
TLN vs. XSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Talen Energy Corporation (TLN) 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.
| TLN | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.00 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.00 | +1.57 |
| Martin ratioReturn relative to average drawdown | 3.15 | 0.01 | +3.14 |
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Drawdowns
TLN vs. XSB.TO - Drawdown Comparison
The maximum TLN drawdown since its inception was -33.80%, 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 TLN and XSB.TO.
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Drawdown Indicators
| TLN | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -28.27% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -32.05% | -3.82% | -28.23% |
Max Drawdown (3Y)Largest decline over 3 years | -33.80% | -7.05% | -26.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.49% | — |
Current DrawdownCurrent decline from peak | -2.14% | -9.49% | +7.35% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -11.09% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.98% | 1.49% | +14.49% |
Volatility
TLN vs. XSB.TO - Volatility Comparison
Talen Energy Corporation (TLN) has a higher volatility of 17.71% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 1.22%. This indicates that TLN'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
| TLN | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.71% | 1.22% | +16.49% |
Volatility (6M)Calculated over the trailing 6-month period | 42.77% | 3.70% | +39.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.30% | 4.72% | +52.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.20% | 6.83% | +43.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.20% | 7.24% | +42.96% |
Dividends
TLN vs. XSB.TO - Dividend Comparison
TLN has not paid dividends to shareholders, while XSB.TO's dividend yield for the trailing twelve months is around 3.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLN Talen Energy Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
TLN and XSB.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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