VFV.TO vs. XTLH.TO
VFV.TO (Vanguard S&P 500 Index ETF) and XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) are both exchange-traded funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while XTLH.TO is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged). Both are passively managed. Over the past year, VFV.TO returned 31.44% vs 2.20% for XTLH.TO. At a 0.11 correlation, their price movements are largely independent. VFV.TO charges 0.09%/yr vs 0.18%/yr for XTLH.TO.
Performance
VFV.TO vs. XTLH.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VFV.TO achieves a 13.00% return, which is significantly higher than XTLH.TO's -0.61% 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%
XTLH.TO
- 1D
- -0.03%
- 1M
- 2.76%
- YTD
- -0.61%
- 6M
- -0.52%
- 1Y
- 2.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VFV.TO vs. XTLH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 13.00% | 12.18% | 35.23% | 0.08% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | -0.61% | 2.61% | -9.55% | -1.06% |
Correlation
The correlation between VFV.TO and XTLH.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VFV.TO vs. XTLH.TO — Risk / Return Rank
VFV.TO
XTLH.TO
VFV.TO vs. XTLH.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 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.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 | XTLH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.42 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.05 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 0.26 | +3.40 |
| Martin ratioReturn relative to average drawdown | 13.81 | 0.63 | +13.18 |
Loading charts...
Drawdowns
VFV.TO vs. XTLH.TO - Drawdown Comparison
The maximum VFV.TO drawdown since its inception was -27.43%, which is greater than XTLH.TO's maximum drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for VFV.TO and XTLH.TO.
Loading charts...
Drawdown Indicators
| VFV.TO | XTLH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.43% | -15.86% | -11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -8.37% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.43% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.50% | +11.50% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -9.14% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 3.49% | -1.21% |
Volatility
VFV.TO vs. XTLH.TO - Volatility Comparison
Vanguard S&P 500 Index ETF (VFV.TO) has a higher volatility of 4.71% compared to iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) at 3.04%. This indicates that VFV.TO's price experiences larger fluctuations and is considered to be riskier than XTLH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VFV.TO | XTLH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 3.04% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 6.56% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 9.51% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 12.41% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.61% | 12.41% | +4.20% |
VFV.TO vs. XTLH.TO - Expense Ratio Comparison
VFV.TO has a 0.09% expense ratio, which is lower than XTLH.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
VFV.TO vs. XTLH.TO - Dividend Comparison
VFV.TO's dividend yield for the trailing twelve months is around 0.83%, less than XTLH.TO's 4.60% 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% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 4.60% | 4.42% | 4.32% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VFV.TO and XTLH.TO have a correlation of 0.18, 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 0.18% for XTLH.TO.
VFV.TO is categorized as S&P 500, while XTLH.TO is Government Bonds. VFV.TO tracks S&P 500 Index, while XTLH.TO tracks ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VFV.TO and 0.18% for XTLH.TO.
Find the right allocation for VFV.TO and XTLH.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer