VFV.TO vs. XBB.TO
VFV.TO (Vanguard S&P 500 Index ETF) and XBB.TO (iShares Core Canadian Universe Bond Index ETF) are both exchange-traded funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while XBB.TO is a Intermediate Core Bond fund tracking the FTSE Canada Universe Bond Index. Both are passively managed. Over the past 10 years, VFV.TO returned 16.32%/yr vs 1.63%/yr for XBB.TO. At a correlation of -0.02, they often move in opposite directions. VFV.TO charges 0.09%/yr vs 0.10%/yr for XBB.TO.
Performance
VFV.TO vs. XBB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VFV.TO achieves a 13.00% return, which is significantly higher than XBB.TO's 1.72% return. Over the past 10 years, VFV.TO has outperformed XBB.TO with an annualized return of 16.32%, while XBB.TO has yielded a comparatively lower 1.63% annualized return.
VFV.TO
- 1D
- 1.74%
- 1M
- 3.84%
- YTD
- 13.00%
- 6M
- 13.01%
- 1Y
- 31.44%
- 3Y*
- 23.27%
- 5Y*
- 16.66%
- 10Y*
- 16.32%
XBB.TO
- 1D
- 0.07%
- 1M
- 2.10%
- YTD
- 1.72%
- 6M
- 1.94%
- 1Y
- 4.05%
- 3Y*
- 4.40%
- 5Y*
- 0.73%
- 10Y*
- 1.63%
VFV.TO vs. XBB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 13.00% | 12.18% | 35.23% | 23.23% | -12.58% | 27.51% | 15.61% | 25.14% | 2.95% | 13.69% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 1.72% | 2.59% | 4.00% | 6.64% | -11.66% | -2.81% | 8.58% | 7.28% | 1.00% | 2.42% |
Correlation
The correlation between VFV.TO and XBB.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2012 | -0.02 |
The correlation between VFV.TO and XBB.TO shifts across timeframes, from -0.02 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VFV.TO vs. XBB.TO — Risk / Return Rank
VFV.TO
XBB.TO
VFV.TO vs. XBB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.TO) and iShares Core Canadian Universe Bond Index ETF (XBB.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.
| VFV.TO | XBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.16 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 1.49 | +2.17 |
| Martin ratioReturn relative to average drawdown | 13.81 | 3.47 | +10.33 |
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Drawdowns
VFV.TO vs. XBB.TO - Drawdown Comparison
The maximum VFV.TO drawdown since its inception was -27.43%, which is greater than XBB.TO's maximum drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for VFV.TO and XBB.TO.
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Drawdown Indicators
| VFV.TO | XBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.43% | -18.16% | -9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -2.73% | -5.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -5.42% | -13.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | -15.90% | -6.29% |
Max Drawdown (10Y)Largest decline over 10 years | -27.43% | -18.16% | -9.27% |
Current DrawdownCurrent decline from peak | 0.00% | -1.18% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -3.07% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.17% | +1.11% |
Volatility
VFV.TO vs. XBB.TO - Volatility Comparison
Vanguard S&P 500 Index ETF (VFV.TO) has a higher volatility of 4.71% compared to iShares Core Canadian Universe Bond Index ETF (XBB.TO) at 1.44%. This indicates that VFV.TO's price experiences larger fluctuations and is considered to be riskier than XBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFV.TO | XBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 1.44% | +3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 3.26% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 4.37% | +7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 6.63% | +8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 6.70% | +9.91% |
VFV.TO vs. XBB.TO - Expense Ratio Comparison
VFV.TO has a 0.09% expense ratio, which is lower than XBB.TO's 0.10% 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
VFV.TO vs. XBB.TO - Dividend Comparison
VFV.TO's dividend yield for the trailing twelve months is around 0.83%, less than XBB.TO's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 0.83% | 0.92% | 0.99% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.69% | 1.51% | 1.65% | 1.63% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.40% | 3.39% | 3.25% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% |
Frequently Asked Questions
VFV.TO and XBB.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.10% for XBB.TO.
VFV.TO is categorized as S&P 500, while XBB.TO is Intermediate Core Bond. VFV.TO tracks S&P 500 Index, while XBB.TO tracks FTSE Canada Universe Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VFV.TO and 0.10% for XBB.TO.
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