XAGH.TO vs. BTC-USD

Last updated Apr 2, 2026

Compare and contrast key facts about iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) and Bitcoin (BTC-USD).

XAGH.TO is a passively managed fund by iShares that tracks the performance of the Bloomberg US Aggregate Bond Index (CAD-Hedged). It was launched on Aug 6, 2021.

Performance

XAGH.TO vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

XAGH.TO vs. BTC-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	-0.42%	5.24%	0.01%	4.10%	-13.15%	-0.86%
BTC-USD Bitcoin	-20.64%	-10.57%	139.80%	149.06%	-61.52%	17.45%

Different Trading Currencies

XAGH.TO is traded in CAD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XAGH.TO achieves a -0.42% return, which is significantly higher than BTC-USD's -20.98% return.

XAGH.TO

• 1D: -0.12%
• 1M: -1.49%
• YTD: -0.42%
• 6M: -0.20%
• 1Y: 2.16%
• 3Y*: 2.15%
• 5Y*: —
• 10Y*: —

BTC-USD

• 1D: 0.00%
• 1M: 0.81%
• YTD: -20.98%
• 6M: -42.62%
• 1Y: -22.11%
• 3Y*: 35.59%
• 5Y*: 5.05%
• 10Y*: 67.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

XAGH.TO vs. BTC-USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XAGH.TO

XAGH.TO Risk / Return Rank: 24
XAGH.TO Sharpe Ratio Rank: 24
XAGH.TO Sortino Ratio Rank: 21
XAGH.TO Omega Ratio Rank: 21
XAGH.TO Calmar Ratio Rank: 29
XAGH.TO Martin Ratio Rank: 24

BTC-USD

BTC-USD Risk / Return Rank: 43
BTC-USD Sharpe Ratio Rank: 61
BTC-USD Sortino Ratio Rank: 55
BTC-USD Omega Ratio Rank: 51
BTC-USD Calmar Ratio Rank: 43
BTC-USD Martin Ratio Rank: 4

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.

XAGH.TO vs. BTC-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) and Bitcoin (BTC-USD). 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.

	XAGH.TO	BTC-USD	Difference
Sharpe ratio Return per unit of total volatility	0.45	-0.51	+0.95
Sortino ratio Return per unit of downside risk	0.63	-0.48	+1.11
Omega ratio Gain probability vs. loss probability	1.08	0.95	+0.14
Calmar ratio Return relative to maximum drawdown	0.79	-1.06	+1.85
Martin ratio Return relative to average drawdown	1.89	-1.91	+3.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XAGH.TO vs. BTC-USD - Sharpe Ratio Comparison

The current XAGH.TO Sharpe Ratio is 0.45, which is higher than the BTC-USD Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of XAGH.TO and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XAGH.TO	BTC-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	-0.51	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	1.24	-1.45

Correlation

The correlation between XAGH.TO and BTC-USD is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

XAGH.TO vs. BTC-USD - Drawdown Comparison

The maximum XAGH.TO drawdown since its inception was -18.26%, smaller than the maximum BTC-USD drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for XAGH.TO and BTC-USD.

Drawdown Indicators

	XAGH.TO	BTC-USD	Difference
Max Drawdown Largest peak-to-trough decline	-18.26%	-85.30%	+67.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-49.65%	+46.94%
Max Drawdown (5Y) Largest decline over 5 years	—	-76.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.80%	—
Current Drawdown Current decline from peak	-6.52%	-45.02%	+38.50%
Average Drawdown Average peak-to-trough decline	-9.59%	-41.99%	+32.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	27.60%	-26.47%

Volatility

XAGH.TO vs. BTC-USD - Volatility Comparison

The current volatility for iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) is 1.66%, while Bitcoin (BTC-USD) has a volatility of 14.06%. This indicates that XAGH.TO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XAGH.TO	BTC-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.66%	14.06%	-12.40%
Volatility (6M) Calculated over the trailing 6-month period	2.84%	35.89%	-33.05%
Volatility (1Y) Calculated over the trailing 1-year period	4.86%	36.39%	-31.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.48%	45.57%	-39.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.48%	55.26%	-48.78%