XAGG.TO vs. BOND.AX
XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and BOND.AX (State Street SPDR S&P/ASX iBoxx Australian Bond ETF) are both Total Bond Market funds - XAGG.TO tracks the Bloomberg US Aggregate Bond Index while BOND.AX tracks the S&P/ASX iBoxx Australian Fixed Interest Diversified 0+ Index. Both are passively managed. Over the past 3 years, XAGG.TO returned 5.35%/yr vs 6.66%/yr for BOND.AX. At a 0.00 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
XAGG.TO vs. BOND.AX - Performance Comparison
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Different Trading Currencies
XAGG.TO is traded in CAD, while BOND.AX is traded in AUD. To make them comparable, the BOND.AX 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 2.48% return, which is significantly lower than BOND.AX's 9.17% return.
XAGG.TO
- 1D
- 0.03%
- 1M
- -0.68%
- 6M
- 0.83%
- YTD
- 2.48%
- 1Y
- 6.31%
- 3Y*
- 5.35%
- 5Y*
- —
- 10Y*
- —
BOND.AX
- 1D
- -0.39%
- 1M
- -0.45%
- 6M
- 6.78%
- YTD
- 9.17%
- 1Y
- 12.27%
- 3Y*
- 6.66%
- 5Y*
- 0.64%
- 10Y*
- 1.44%
XAGG.TO vs. BOND.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 2.48% | 1.66% | 10.15% | 1.14% | -6.66% | 1.36% |
BOND.AX State Street SPDR S&P/ASX iBoxx Australian Bond ETF | 9.17% | 6.65% | 0.99% | 2.53% | -11.70% | -2.97% |
Correlation
The correlation between XAGG.TO and BOND.AX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021 | 0.00 |
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Return for Risk
XAGG.TO vs. BOND.AX — Risk / Return Rank
XAGG.TO
BOND.AX
XAGG.TO vs. BOND.AX - 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 State Street SPDR S&P/ASX iBoxx Australian Bond ETF (BOND.AX). 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.
| XAGG.TO | BOND.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.68 | -1.09 |
| Martin ratioReturn relative to average drawdown | 3.58 | 8.30 | -4.72 |
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Drawdowns
XAGG.TO vs. BOND.AX - Drawdown Comparison
The maximum XAGG.TO drawdown since its inception was -12.65%, smaller than the maximum BOND.AX drawdown of -26.94%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and BOND.AX.
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Drawdown Indicators
| XAGG.TO | BOND.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.65% | -26.94% | +14.29% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -4.39% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -6.64% | -7.75% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.94% | — |
Current DrawdownCurrent decline from peak | -2.01% | -4.11% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -7.96% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.44% | +0.48% |
Volatility
XAGG.TO vs. BOND.AX - Volatility Comparison
The current volatility for iShares U.S. Aggregate Bond Index ETF (XAGG.TO) is 1.46%, while State Street SPDR S&P/ASX iBoxx Australian Bond ETF (BOND.AX) has a volatility of 2.30%. This indicates that XAGG.TO experiences smaller price fluctuations and is considered to be less risky than BOND.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAGG.TO | BOND.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 2.30% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.17% | 7.66% | -3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 9.24% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 12.53% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 12.25% | -5.22% |
XAGG.TO vs. BOND.AX - Expense Ratio Comparison
Both XAGG.TO and BOND.AX have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XAGG.TO vs. BOND.AX - Dividend Comparison
XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, which matches BOND.AX's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND.AX State Street SPDR S&P/ASX iBoxx Australian Bond ETF | 4.09% | 2.90% | 1.06% | 0.17% | 0.73% | 1.87% | 1.60% | 1.76% | 2.62% | 2.67% | 3.64% | 3.41% |
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 4.10% | 3.87% | 3.07% | 2.59% | 1.67% | 1.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAGG.TO and BOND.AX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XAGG.TO and BOND.AX have the same expense ratio: 0.10% per year.
XAGG.TO tracks Bloomberg US Aggregate Bond Index, while BOND.AX tracks S&P/ASX iBoxx Australian Fixed Interest Diversified 0+ Index. They also come from different issuers: iShares and SPDR.
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