VCSH vs. XIU.TO
VCSH (Vanguard Short-Term Corporate Bond ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - VCSH is a Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, VCSH returned 2.66%/yr vs 11.74%/yr for XIU.TO. At a 0.07 correlation, their price movements are largely independent. VCSH charges 0.04%/yr vs 0.18%/yr for XIU.TO.
Performance
VCSH vs. XIU.TO - Performance Comparison
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Different Trading Currencies
VCSH is traded in USD, while XIU.TO is traded in CAD. To make them comparable, the XIU.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VCSH achieves a 0.44% return, which is significantly lower than XIU.TO's 7.79% return. Over the past 10 years, VCSH has underperformed XIU.TO with an annualized return of 2.66%, while XIU.TO has yielded a comparatively higher 11.74% annualized return.
VCSH
- 1D
- 0.03%
- 1M
- -0.26%
- YTD
- 0.44%
- 6M
- 0.92%
- 1Y
- 4.56%
- 3Y*
- 5.56%
- 5Y*
- 2.26%
- 10Y*
- 2.66%
XIU.TO
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 7.79%
- 6M
- 10.88%
- 1Y
- 28.64%
- 3Y*
- 20.84%
- 5Y*
- 11.17%
- 10Y*
- 11.74%
VCSH vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 0.44% | 6.77% | 4.91% | 6.20% | -5.62% | -0.63% | 5.13% | 7.02% | 0.92% | 2.17% |
XIU.TO iShares S&P/TSX 60 Index ETF | 7.73% | 35.06% | 11.31% | 14.58% | -11.93% | 28.12% | 7.83% | 27.04% | -14.97% | 17.54% |
Correlation
The correlation between VCSH and XIU.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.07 |
Over the past year, VCSH and XIU.TO have become more correlated (0.29) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
VCSH vs. XIU.TO — Risk / Return Rank
VCSH
XIU.TO
VCSH vs. XIU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond ETF (VCSH) and iShares S&P/TSX 60 Index ETF (XIU.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.
| VCSH | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.40 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 3.55 | -0.28 |
| Martin ratioReturn relative to average drawdown | 13.41 | 15.31 | -1.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VCSH | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.25 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.78 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.72 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.39 | +0.62 |
Drawdowns
VCSH vs. XIU.TO - Drawdown Comparison
The maximum VCSH drawdown since its inception was -12.86%, smaller than the maximum XIU.TO drawdown of -59.23%. Use the drawdown chart below to compare losses from any high point for VCSH and XIU.TO.
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Drawdown Indicators
| VCSH | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -59.23% | +46.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.40% | -8.10% | +6.70% |
Max Drawdown (3Y)Largest decline over 3 years | -1.40% | -12.38% | +10.98% |
Max Drawdown (5Y)Largest decline over 5 years | -9.48% | -24.07% | +14.59% |
Max Drawdown (10Y)Largest decline over 10 years | -12.86% | -40.99% | +28.13% |
Current DrawdownCurrent decline from peak | -0.52% | -1.98% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -10.95% | +9.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 1.88% | -1.54% |
Volatility
VCSH vs. XIU.TO - Volatility Comparison
The current volatility for Vanguard Short-Term Corporate Bond ETF (VCSH) is 0.61%, while iShares S&P/TSX 60 Index ETF (XIU.TO) has a volatility of 3.91%. This indicates that VCSH experiences smaller price fluctuations and is considered to be less risky than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VCSH | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 3.91% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 9.99% | -8.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.87% | 12.80% | -10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.88% | 14.47% | -11.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 16.46% | -13.11% |
VCSH vs. XIU.TO - Expense Ratio Comparison
VCSH has a 0.04% expense ratio, which is lower than XIU.TO's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VCSH vs. XIU.TO - Dividend Comparison
VCSH's dividend yield for the trailing twelve months is around 4.46%, more than XIU.TO's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 4.46% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.21% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
Frequently Asked Questions
VCSH and XIU.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCSH is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.18% for XIU.TO.
VCSH is categorized as Corporate Bonds, while XIU.TO is Canada Equities. VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index, while XIU.TO tracks S&P/TSX 60 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.04% for VCSH and 0.18% for XIU.TO.
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