XAGH.TO vs. FSHBX
Compare and contrast key facts about iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) and Fidelity Short-Term Bond Fund (FSHBX).
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. FSHBX is managed by Fidelity. It was launched on Sep 15, 1986.
Performance
XAGH.TO vs. FSHBX - Performance Comparison
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XAGH.TO vs. FSHBX - 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% |
FSHBX Fidelity Short-Term Bond Fund | 1.33% | 0.65% | 13.72% | 3.03% | 2.99% | -0.36% |
Different Trading Currencies
XAGH.TO is traded in CAD, while FSHBX is traded in USD. To make them comparable, the FSHBX 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 lower than FSHBX's 1.33% return.
XAGH.TO
- 1D
- -0.12%
- 1M
- -1.49%
- YTD
- -0.42%
- 6M
- -0.20%
- 1Y
- 2.16%
- 3Y*
- 2.15%
- 5Y*
- —
- 10Y*
- —
FSHBX
- 1D
- 0.06%
- 1M
- 1.05%
- YTD
- 1.33%
- 6M
- 0.79%
- 1Y
- 0.77%
- 3Y*
- 5.65%
- 5Y*
- 4.31%
- 10Y*
- 2.79%
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XAGH.TO vs. FSHBX - Expense Ratio Comparison
XAGH.TO has a 0.18% expense ratio, which is lower than FSHBX's 0.45% expense ratio.
Return for Risk
XAGH.TO vs. FSHBX — Risk / Return Rank
XAGH.TO
FSHBX
XAGH.TO vs. FSHBX - 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 Fidelity Short-Term Bond Fund (FSHBX). 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 | FSHBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.05 | +0.39 |
Sortino ratioReturn per unit of downside risk | 0.63 | 0.11 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.23 | +0.55 |
Martin ratioReturn relative to average drawdown | 1.89 | 0.46 | +1.43 |
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
| XAGH.TO | FSHBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.05 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 0.37 | -0.58 |
Correlation
The correlation between XAGH.TO and FSHBX is 0.03, 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.
Dividends
XAGH.TO vs. FSHBX - Dividend Comparison
XAGH.TO's dividend yield for the trailing twelve months is around 3.92%, more than FSHBX's 3.88% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) | 3.92% | 3.78% | 3.51% | 3.05% | 1.91% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSHBX Fidelity Short-Term Bond Fund | 3.88% | 4.26% | 4.00% | 3.00% | 0.83% | 1.04% | 2.62% | 2.13% | 1.78% | 1.27% | 1.12% | 0.88% |
Drawdowns
XAGH.TO vs. FSHBX - Drawdown Comparison
The maximum XAGH.TO drawdown since its inception was -18.26%, which is greater than FSHBX's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for XAGH.TO and FSHBX.
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Drawdown Indicators
| XAGH.TO | FSHBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.26% | -8.80% | -9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -1.17% | -1.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.51% | — |
Current DrawdownCurrent decline from peak | -6.52% | -0.82% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -1.05% | -8.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.30% | +0.83% |
Volatility
XAGH.TO vs. FSHBX - Volatility Comparison
iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) has a higher volatility of 1.66% compared to Fidelity Short-Term Bond Fund (FSHBX) at 1.40%. This indicates that XAGH.TO's price experiences larger fluctuations and is considered to be riskier than FSHBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAGH.TO | FSHBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.40% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.67% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.86% | 5.53% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.48% | 6.42% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.48% | 6.84% | -0.36% |