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XAGG.TO vs. QPON.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XAGG.TO vs. QPON.AX

Last updated Jul 18, 2026
Documentation

XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and QPON.AX (BetaShares Australian Bank Senior Floating Rate Bond ETF) are both Total Bond Market funds - XAGG.TO tracks the Bloomberg US Aggregate Bond Index while QPON.AX tracks the BetaShares Australian Bank Senior Floating Rate Bond Index. Both are passively managed. Over the past 3 years, XAGG.TO returned 5.35%/yr vs 7.76%/yr for QPON.AX. At a correlation of -0.06, they often move in opposite directions.

Performance

XAGG.TO vs. QPON.AX - 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 BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XAGG.TO is traded in CAD, while QPON.AX is traded in AUD. To make them comparable, the QPON.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 QPON.AX's 9.56% return.

XAGG.TO

1D
0.03%
1M
-0.68%
6M
0.83%
YTD
2.48%
1Y
6.31%
3Y*
5.35%
5Y*
—
10Y*
—

QPON.AX

1D
-0.35%
1M
0.10%
6M
7.54%
YTD
9.56%
1Y
14.37%
3Y*
7.76%
5Y*
4.54%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XAGG.TO vs. QPON.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XAGG.TO
iShares U.S. Aggregate Bond Index ETF		2.48%1.66%10.15%1.14%-6.66%1.36%
QPON.AX
BetaShares Australian Bank Senior Floating Rate Bond ETF		9.56%7.38%3.60%2.42%0.63%-0.35%

Correlation

The correlation between XAGG.TO and QPON.AX is -0.09, 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

-0.09

Correlation (3Y)
Calculated over the trailing 3-year period

-0.10

Correlation (All Time)
Calculated using the full available price history since Jul 27, 2021

-0.06

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Aggregate Bond Index ETF

BetaShares Australian Bank Senior Floating Rate Bond ETF

Often compared with XAGG.TO:
XAGG.TO vs. DXBB.TOXAGG.TO vs. BTOTXAGG.TO vs. HBB.TOXAGG.TO vs. SGOVXAGG.TO vs. AGGXAGG.TO vs. OOSPXAGG.TO vs. GCOR
Often compared with QPON.AX:
QPON.AX vs. BNDS.AXQPON.AX vs. BOND.AXQPON.AX vs. IAF.AXQPON.AX vs. IHEB.AXQPON.AX vs. IHHY.AXQPON.AX vs. VAF.AXQPON.AX vs. VEFI.AX

Return for Risk

XAGG.TO vs. QPON.AX — 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: 4444
Overall Rank
XAGG.TO Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
XAGG.TO Sortino Ratio Rank: 4646
Sortino Ratio Rank
XAGG.TO Omega Ratio Rank: 5656
Omega Ratio Rank
XAGG.TO Calmar Ratio Rank: 4040
Calmar Ratio Rank
XAGG.TO Martin Ratio Rank: 3232
Martin Ratio Rank
QPON.AX
QPON.AX Risk / Return Rank: 9696
Overall Rank
QPON.AX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
QPON.AX Sortino Ratio Rank: 9696
Sortino Ratio Rank
QPON.AX Omega Ratio Rank: 9797
Omega Ratio Rank
QPON.AX Calmar Ratio Rank: 9696
Calmar Ratio Rank
QPON.AX Martin Ratio Rank: 9595
Martin Ratio Rank
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. QPON.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 BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.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.TOQPON.AXDifference
Sharpe ratioReturn per unit of total volatility
1.26
1.61

-0.35

Sortino ratioReturn per unit of downside risk
1.83
2.37

-0.54

Omega ratioGain probability vs. loss probability

1.27

1.28

-0.01

Calmar ratioReturn relative to maximum drawdown

1.59

4.97

-3.38

Martin ratioReturn relative to average drawdown

3.58

14.64

-11.06

XAGG.TO vs. QPON.AX - Sharpe Ratio Comparison

The current XAGG.TO Sharpe Ratio is 1.26, which is comparable to the QPON.AX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of XAGG.TO and QPON.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XAGG.TO vs. QPON.AX - Drawdown Comparison

The maximum XAGG.TO drawdown since its inception was -12.65%, smaller than the maximum QPON.AX drawdown of -17.69%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and QPON.AX.

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Drawdown Indicators

XAGG.TOQPON.AXDifference

Max Drawdown

Largest peak-to-trough decline

-12.65%

-17.69%

+5.04%

Max Drawdown (1Y)

Largest decline over 1 year

-4.32%

-2.83%

-1.49%

Max Drawdown (3Y)

Largest decline over 3 years

-6.64%

-8.08%

+1.44%

Max Drawdown (5Y)

Largest decline over 5 years

—

-9.15%

—

Current Drawdown

Current decline from peak

-2.01%

-1.09%

-0.92%

Average Drawdown

Average peak-to-trough decline

-5.22%

-4.96%

-0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.92%

0.97%

+0.95%

Volatility

XAGG.TO vs. QPON.AX - Volatility Comparison

The current volatility for iShares U.S. Aggregate Bond Index ETF (XAGG.TO) is 1.46%, while BetaShares Australian Bank Senior Floating Rate Bond ETF (QPON.AX) has a volatility of 2.01%. This indicates that XAGG.TO experiences smaller price fluctuations and is considered to be less risky than QPON.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.TOQPON.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.46%

2.01%

-0.55%

Volatility (6M)

Calculated over the trailing 6-month period

4.17%

7.23%

-3.06%

Volatility (1Y)

Calculated over the trailing 1-year period

5.47%

8.79%

-3.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.03%

11.90%

-4.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.03%

11.60%

-4.57%

Dividends

XAGG.TO vs. QPON.AX - Dividend Comparison

XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, more than QPON.AX's 2.87% yield.

PositionTTM202520242023202220212020201920182017
QPON.AX
BetaShares Australian Bank Senior Floating Rate Bond ETF		2.87%3.83%4.65%3.69%1.69%0.93%0.99%2.22%2.43%1.14%
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%

Frequently Asked Questions

XAGG.TO and QPON.AX have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XAGG.TO tracks Bloomberg US Aggregate Bond Index, while QPON.AX tracks BetaShares Australian Bank Senior Floating Rate Bond Index. They also come from different issuers: iShares and BetaShares.

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