XAGG.TO vs. BTOT
XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and BTOT (iShares Total USD Fixed Income Market ETF) are both Total Bond Market funds from iShares - XAGG.TO tracks the Bloomberg US Aggregate Bond Index while BTOT tracks the Bloomberg US Total Fixed Income Market Index. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. XAGG.TO charges 0.10%/yr vs 0.09%/yr for BTOT.
Performance
XAGG.TO vs. BTOT - Performance Comparison
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Different Trading Currencies
XAGG.TO is traded in CAD, while BTOT is traded in USD. To make them comparable, the BTOT 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 BTOT's 1.67% return.
XAGG.TO
- 1D
- 0.00%
- 1M
- 1.87%
- YTD
- 0.76%
- 6M
- -0.88%
- 1Y
- 5.87%
- 3Y*
- 4.71%
- 5Y*
- —
- 10Y*
- —
BTOT
- 1D
- 0.20%
- 1M
- 2.30%
- YTD
- 1.67%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAGG.TO vs. BTOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 0.76% | -0.16% |
BTOT iShares Total USD Fixed Income Market ETF | 1.67% | -0.03% |
Correlation
The correlation between XAGG.TO and BTOT is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025 | 0.69 |
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Return for Risk
XAGG.TO vs. BTOT — Risk / Return Rank
XAGG.TO
BTOT
XAGG.TO vs. BTOT - 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 iShares Total USD Fixed Income Market ETF (BTOT). 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 | BTOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | — | — |
| Martin ratioReturn relative to average drawdown | 3.67 | — | — |
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
| XAGG.TO | BTOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.61 | -0.39 |
Drawdowns
XAGG.TO vs. BTOT - Drawdown Comparison
The maximum XAGG.TO drawdown since its inception was -12.43%, which is greater than BTOT's maximum drawdown of -3.02%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and BTOT.
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Drawdown Indicators
| XAGG.TO | BTOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -3.02% | -9.41% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.98% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | 0.00% | -2.01% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -1.08% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | — | — |
Volatility
XAGG.TO vs. BTOT - Volatility Comparison
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Volatility by Period
| XAGG.TO | BTOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 5.78% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 5.78% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.62% | 5.78% | +3.84% |
XAGG.TO vs. BTOT - Expense Ratio Comparison
XAGG.TO has a 0.10% expense ratio, which is higher than BTOT's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XAGG.TO vs. BTOT - Dividend Comparison
XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, more than BTOT's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 2.13% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
XAGG.TO iShares U.S. Aggregate Bond Index ETF | 4.10% | 3.86% | 3.07% | 2.59% | 1.67% | 1.04% |
Frequently Asked Questions
XAGG.TO and BTOT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTOT is cheaper with a 0.09% expense ratio, compared with 0.10% for XAGG.TO.
XAGG.TO tracks Bloomberg US Aggregate Bond Index, while BTOT tracks Bloomberg US Total Fixed Income Market Index. Their fees differ too: 0.10% for XAGG.TO and 0.09% for BTOT.
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