TSTX-U.TO vs. XSB.TO

Last updated Jun 25, 2026

TSTX-U.TO (Global X 1-3 Year U.S. Treasury Bond Index ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both Short-Term Bond funds - TSTX-U.TO tracks the ICE U.S. Treasury 1-3 Year Bond Index while XSB.TO tracks the FTSE Canada Short Term Overall Bond Index. Both are passively managed. A 0.50 correlation means they provide meaningful diversification when combined. TSTX-U.TO charges 0.15%/yr vs 0.10%/yr for XSB.TO.

Performance

TSTX-U.TO vs. XSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSTX-U.TO achieves a 0.23% return, which is significantly lower than XSB.TO's 1.36% return.

TSTX-U.TO

• 1D: 0.10%
• 1M: 0.23%
• YTD: 0.23%
• 6M: 0.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XSB.TO

• 1D: 0.11%
• 1M: 0.52%
• YTD: 1.36%
• 6M: 1.33%
• 1Y: 3.11%
• 3Y*: 5.03%
• 5Y*: 2.15%
• 10Y*: 2.01%

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

TSTX-U.TO vs. XSB.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	0.23%	1.22%
XSB.TO iShares Core Canadian Short Term Bond Index ETF	1.36%	0.18%

Correlation

The correlation between TSTX-U.TO and XSB.TO is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.50

Return for Risk

TSTX-U.TO vs. XSB.TO — Risk / Return Rank

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

TSTX-U.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XSB.TO

XSB.TO Risk / Return Rank: 49
XSB.TO Sharpe Ratio Rank: 50
XSB.TO Sortino Ratio Rank: 50
XSB.TO Omega Ratio Rank: 54
XSB.TO Calmar Ratio Rank: 47
XSB.TO Martin Ratio Rank: 46

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.

TSTX-U.TO vs. XSB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.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.

	TSTX-U.TO	XSB.TO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.12	—
Martin ratio: Return relative to average drawdown	—	7.02	—

Drawdowns

TSTX-U.TO vs. XSB.TO - Drawdown Comparison

The maximum TSTX-U.TO drawdown since its inception was -0.90%, smaller than the maximum XSB.TO drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for TSTX-U.TO and XSB.TO.

Drawdown Indicators

	TSTX-U.TO	XSB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-8.65%	+7.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-8.65%	—
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-0.27%	-0.79%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.44%	—

Volatility

Volatility by Period

	TSTX-U.TO	XSB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.70%	2.01%	-0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.70%	2.72%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.70%	3.40%	-1.70%

TSTX-U.TO vs. XSB.TO - Expense Ratio Comparison

TSTX-U.TO has a 0.15% expense ratio, which is higher than XSB.TO's 0.10% 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

TSTX-U.TO vs. XSB.TO - Dividend Comparison

TSTX-U.TO's dividend yield for the trailing twelve months is around 2.32%, less than XSB.TO's 3.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	2.32%	0.84%	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

Can I hold both TSTX-U.TO and XSB.TO in my portfolio?

TSTX-U.TO and XSB.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSTX-U.TO or XSB.TO?

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.

Which ETF is cheaper, TSTX-U.TO or XSB.TO?

XSB.TO is cheaper with a 0.10% expense ratio, compared with 0.15% for TSTX-U.TO.

What is the main difference between TSTX-U.TO and XSB.TO?

TSTX-U.TO tracks ICE U.S. Treasury 1-3 Year Bond Index, while XSB.TO tracks FTSE Canada Short Term Overall Bond Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.15% for TSTX-U.TO and 0.10% for XSB.TO.