XAGG.TO vs. BOND

Last updated Jun 4, 2026

XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - XAGG.TO is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. XAGG.TO is passively managed, while BOND is actively managed. Over the past 3 years, XAGG.TO returned 4.71%/yr vs 6.21%/yr for BOND. At a 0.44 correlation, their price movements are largely independent. XAGG.TO charges 0.10%/yr vs 0.54%/yr for BOND.

Performance

XAGG.TO vs. BOND - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. Aggregate Bond Index ETF (XAGG.TO) and PIMCO Active Bond ETF (BOND). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XAGG.TO is traded in CAD, while BOND is traded in USD. To make them comparable, the BOND values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XAGG.TO achieves a 0.76% return, which is significantly lower than BOND's 1.76% return.

XAGG.TO

• 1D: 0.00%
• 1M: 1.87%
• YTD: 0.76%
• 6M: -0.88%
• 1Y: 5.87%
• 3Y*: 4.71%
• 5Y*: —
• 10Y*: —

BOND

• 1D: 0.17%
• 1M: 2.31%
• YTD: 1.76%
• 6M: 0.07%
• 1Y: 8.08%
• 3Y*: 6.21%
• 5Y*: 3.38%
• 10Y*: 2.90%

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

XAGG.TO vs. BOND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XAGG.TO iShares U.S. Aggregate Bond Index ETF	0.76%	1.84%	10.40%	1.08%	-6.23%	-1.74%
BOND PIMCO Active Bond ETF	1.76%	3.42%	11.60%	4.14%	-8.48%	-2.48%

Correlation

The correlation between XAGG.TO and BOND is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Aug 23, 2021	0.44

Over the past year, XAGG.TO and BOND have become more correlated (0.66) than their long-term average of 0.44, meaning their price movements have been converging.

Return for Risk

XAGG.TO vs. BOND — Risk / Return Rank

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

XAGG.TO

XAGG.TO Risk / Return Rank: 33
XAGG.TO Sharpe Ratio Rank: 34
XAGG.TO Sortino Ratio Rank: 35
XAGG.TO Omega Ratio Rank: 33
XAGG.TO Calmar Ratio Rank: 36
XAGG.TO Martin Ratio Rank: 27

BOND

BOND Risk / Return Rank: 47
BOND Sharpe Ratio Rank: 48
BOND Sortino Ratio Rank: 50
BOND Omega Ratio Rank: 47
BOND Calmar Ratio Rank: 44
BOND Martin Ratio Rank: 43

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.

XAGG.TO vs. BOND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aggregate Bond Index ETF (XAGG.TO) and PIMCO Active Bond ETF (BOND). 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.

	XAGG.TO	BOND	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.48	-0.27
Sortino ratio: Return per unit of downside risk	1.83	2.14	-0.31
Omega ratio: Gain probability vs. loss probability	1.22	1.27	-0.05
Calmar ratio: Return relative to maximum drawdown	1.75	2.04	-0.28
Martin ratio: Return relative to average drawdown	3.67	4.64	-0.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XAGG.TO vs. BOND - Sharpe Ratio Comparison

The current XAGG.TO Sharpe Ratio is 1.22, which is comparable to the BOND Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of XAGG.TO and BOND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XAGG.TO	BOND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	1.48	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.70	-0.48

Drawdowns

XAGG.TO vs. BOND - Drawdown Comparison

The maximum XAGG.TO drawdown since its inception was -12.43%, smaller than the maximum BOND drawdown of -18.33%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and BOND.

Drawdown Indicators

	XAGG.TO	BOND	Difference
Max Drawdown Largest peak-to-trough decline	-12.43%	-18.33%	+5.90%
Max Drawdown (1Y) Largest decline over 1 year	-4.06%	-3.98%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-6.98%	-7.07%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	—	-14.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-18.33%	—
Current Drawdown Current decline from peak	-2.01%	-1.17%	-0.84%
Average Drawdown Average peak-to-trough decline	-4.36%	-5.06%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	1.75%	+1.81%

Volatility

XAGG.TO vs. BOND - Volatility Comparison

iShares U.S. Aggregate Bond Index ETF (XAGG.TO) has a higher volatility of 1.83% compared to PIMCO Active Bond ETF (BOND) at 1.48%. This indicates that XAGG.TO's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XAGG.TO	BOND	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	1.48%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	4.22%	4.29%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	5.87%	5.47%	+0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.62%	7.39%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.62%	7.58%	+2.04%

XAGG.TO vs. BOND - Expense Ratio Comparison

XAGG.TO has a 0.10% expense ratio, which is lower than BOND's 0.54% expense ratio.

Dividends

XAGG.TO vs. BOND - Dividend Comparison

XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, less than BOND's 5.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOND PIMCO Active Bond ETF	5.19%	5.11%	5.02%	4.06%	3.44%	2.58%	2.66%	3.38%	3.18%	2.87%	2.85%	4.14%
XAGG.TO iShares U.S. Aggregate Bond Index ETF	4.10%	3.86%	3.07%	2.59%	1.67%	1.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAGG.TO and BOND in my portfolio?

XAGG.TO and BOND have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XAGG.TO or BOND?

On fees, XAGG.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, XAGG.TO or BOND?

XAGG.TO is cheaper with a 0.10% expense ratio, compared with 0.54% for BOND.

What is the main difference between XAGG.TO and BOND?

XAGG.TO is categorized as Total Bond Market, while BOND is Intermediate Core-Plus Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.10% for XAGG.TO and 0.54% for BOND.