XAGG.TO vs. NUBD
XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and NUBD (Nuveen ESG U.S. Aggregate Bond ETF) are both exchange-traded funds - XAGG.TO is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index, while NUBD is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Select Index. Both are passively managed. Over the past 3 years, XAGG.TO returned 4.71%/yr vs 4.98%/yr for NUBD. At a 0.42 correlation, their price movements are largely independent. XAGG.TO charges 0.10%/yr vs 0.15%/yr for NUBD.
Performance
XAGG.TO vs. NUBD - Performance Comparison
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Different Trading Currencies
XAGG.TO is traded in CAD, while NUBD is traded in USD. To make them comparable, the NUBD 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 NUBD's 1.48% return.
XAGG.TO
- 1D
- 0.00%
- 1M
- 1.87%
- YTD
- 0.76%
- 6M
- -0.88%
- 1Y
- 5.87%
- 3Y*
- 4.71%
- 5Y*
- —
- 10Y*
- —
NUBD
- 1D
- 0.23%
- 1M
- 2.32%
- YTD
- 1.48%
- 6M
- -0.29%
- 1Y
- 6.32%
- 3Y*
- 4.98%
- 5Y*
- 2.79%
- 10Y*
- —
XAGG.TO vs. NUBD - 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% |
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 1.48% | 1.85% | 10.01% | 3.10% | -6.69% | -2.57% |
Correlation
The correlation between XAGG.TO and NUBD is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2021 | 0.42 |
Over the past year, XAGG.TO and NUBD have become more correlated (0.63) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
XAGG.TO vs. NUBD — Risk / Return Rank
XAGG.TO
NUBD
XAGG.TO vs. NUBD - 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 Nuveen ESG U.S. Aggregate Bond ETF (NUBD). 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 | NUBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.47 | +0.28 |
| Martin ratioReturn relative to average drawdown | 3.67 | 3.34 | +0.32 |
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 | NUBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 1.19 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.36 | -0.14 |
Drawdowns
XAGG.TO vs. NUBD - Drawdown Comparison
The maximum XAGG.TO drawdown since its inception was -12.43%, smaller than the maximum NUBD drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and NUBD.
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Drawdown Indicators
| XAGG.TO | NUBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.43% | -21.13% | +8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.06% | -4.31% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.98% | -6.55% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.76% | — |
Current DrawdownCurrent decline from peak | -2.01% | -3.69% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -8.63% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.90% | +1.66% |
Volatility
XAGG.TO vs. NUBD - Volatility Comparison
iShares U.S. Aggregate Bond Index ETF (XAGG.TO) has a higher volatility of 1.83% compared to Nuveen ESG U.S. Aggregate Bond ETF (NUBD) at 1.30%. This indicates that XAGG.TO's price experiences larger fluctuations and is considered to be riskier than NUBD 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 | NUBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.30% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.15% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.87% | 5.36% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.62% | 7.74% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.62% | 7.67% | +1.95% |
XAGG.TO vs. NUBD - Expense Ratio Comparison
XAGG.TO has a 0.10% expense ratio, which is lower than NUBD's 0.15% 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
XAGG.TO vs. NUBD - Dividend Comparison
XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, more than NUBD's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NUBD Nuveen ESG U.S. Aggregate Bond ETF | 3.99% | 3.90% | 3.51% | 2.99% | 2.83% | 2.05% | 2.21% | 2.66% | 3.08% | 0.58% |
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% |
Frequently Asked Questions
XAGG.TO and NUBD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XAGG.TO is cheaper with a 0.10% expense ratio, compared with 0.15% for NUBD.
XAGG.TO is categorized as Total Bond Market, while NUBD is Intermediate Core Bond. XAGG.TO tracks Bloomberg US Aggregate Bond Index, while NUBD tracks Bloomberg MSCI U.S. Aggregate ESG Select Index. They also come from different issuers: iShares and Nuveen. Their fees differ too: 0.10% for XAGG.TO and 0.15% for NUBD.
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