XAGG.TO vs. RLB.TO
XAGG.TO (iShares U.S. Aggregate Bond Index ETF) and RLB.TO (RBC 1-5 Year Laddered Canadian Bond ETF) are both Total Bond Market funds. XAGG.TO is passively managed, while RLB.TO is actively managed. Over the past 3 years, XAGG.TO returned 5.35%/yr vs 5.05%/yr for RLB.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
XAGG.TO vs. RLB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XAGG.TO achieves a 2.48% return, which is significantly higher than RLB.TO's 1.12% return.
XAGG.TO
- 1D
- 0.03%
- 1M
- -0.68%
- 6M
- 0.83%
- YTD
- 2.48%
- 1Y
- 6.31%
- 3Y*
- 5.35%
- 5Y*
- —
- 10Y*
- —
RLB.TO
- 1D
- -0.11%
- 1M
- -0.00%
- 6M
- 0.91%
- YTD
- 1.12%
- 1Y
- 3.13%
- 3Y*
- 5.05%
- 5Y*
- 2.08%
- 10Y*
- 2.14%
XAGG.TO vs. RLB.TO - 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% |
RLB.TO RBC 1-5 Year Laddered Canadian Bond ETF | 1.12% | 3.97% | 5.39% | 5.93% | -5.15% | -0.51% |
Correlation
The correlation between XAGG.TO and RLB.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021 | 0.19 |
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Return for Risk
XAGG.TO vs. RLB.TO — Risk / Return Rank
XAGG.TO
RLB.TO
XAGG.TO vs. RLB.TO - 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 RBC 1-5 Year Laddered Canadian Bond ETF (RLB.TO). 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 | RLB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 2.13 | -0.54 |
| Martin ratioReturn relative to average drawdown | 3.58 | 6.71 | -3.13 |
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Drawdowns
XAGG.TO vs. RLB.TO - Drawdown Comparison
The maximum XAGG.TO drawdown since its inception was -12.65%, smaller than the maximum RLB.TO drawdown of -13.93%. Use the drawdown chart below to compare losses from any high point for XAGG.TO and RLB.TO.
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Drawdown Indicators
| XAGG.TO | RLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.65% | -13.93% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -1.48% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -6.64% | -1.48% | -5.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.93% | — |
Current DrawdownCurrent decline from peak | -2.01% | -0.27% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -1.52% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.47% | +1.45% |
Volatility
XAGG.TO vs. RLB.TO - Volatility Comparison
iShares U.S. Aggregate Bond Index ETF (XAGG.TO) has a higher volatility of 1.46% compared to RBC 1-5 Year Laddered Canadian Bond ETF (RLB.TO) at 0.52%. This indicates that XAGG.TO's price experiences larger fluctuations and is considered to be riskier than RLB.TO 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 | RLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.52% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.17% | 1.97% | +2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 2.34% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.03% | 3.01% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 4.40% | +2.63% |
Dividends
XAGG.TO vs. RLB.TO - Dividend Comparison
XAGG.TO's dividend yield for the trailing twelve months is around 4.10%, more than RLB.TO's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RLB.TO RBC 1-5 Year Laddered Canadian Bond ETF | 3.48% | 3.25% | 2.99% | 2.65% | 2.54% | 2.27% | 2.44% | 2.66% | 2.81% | 2.95% | 2.32% |
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% |
Frequently Asked Questions
XAGG.TO and RLB.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and RBC.
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