XAGH.TO vs. FSHBX

Last updated Jun 26, 2026

XAGH.TO (iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)) and FSHBX (Fidelity Short-Term Bond Fund) are both Total Bond Market funds. At a 0.21 correlation, their price movements are largely independent. XAGH.TO charges 0.18%/yr vs 0.45%/yr for FSHBX.

Performance

XAGH.TO vs. FSHBX - 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 Fidelity Short-Term Bond Fund (FSHBX). The values are adjusted to include any dividend payments, if applicable.

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

XAGH.TO

• 1D: 0.02%
• 1M: 0.72%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSHBX

• 1D: 0.48%
• 1M: 3.16%
• YTD: 4.22%
• 6M: 4.64%
• 1Y: 6.89%
• 3Y*: 7.58%
• 5Y*: 5.22%
• 10Y*: 3.13%

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

XAGH.TO vs. FSHBX - Yearly Performance Comparison

	2026 (YTD)
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	0.21%
FSHBX Fidelity Short-Term Bond Fund	3.01%

Correlation

The correlation between XAGH.TO and FSHBX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026	0.21

Return for Risk

XAGH.TO vs. FSHBX — Risk / Return Rank

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

XAGH.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FSHBX

FSHBX Risk / Return Rank: 65
FSHBX Sharpe Ratio Rank: 46
FSHBX Sortino Ratio Rank: 73
FSHBX Omega Ratio Rank: 74
FSHBX Calmar Ratio Rank: 69
FSHBX Martin Ratio Rank: 60

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. 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.

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.

	XAGH.TO	FSHBX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.43	—
Sortino ratio: Return per unit of downside risk	—	2.04	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	1.95	—
Martin ratio: Return relative to average drawdown	—	4.75	—

Drawdowns

XAGH.TO vs. FSHBX - Drawdown Comparison

The maximum XAGH.TO drawdown since its inception was -3.18%, smaller than the maximum FSHBX drawdown of -27.85%. Use the drawdown chart below to compare losses from any high point for XAGH.TO and FSHBX.

Drawdown Indicators

	XAGH.TO	FSHBX	Difference
Max Drawdown Largest peak-to-trough decline	-3.18%	-27.85%	+24.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.54%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-13.56%	—
Current Drawdown Current decline from peak	-1.47%	0.00%	-1.47%
Average Drawdown Average peak-to-trough decline	-1.36%	-8.51%	+7.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.45%	—

Volatility

Volatility by Period

	XAGH.TO	FSHBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.01%	4.83%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.01%	6.57%	-1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	6.79%	-1.78%

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.

Dividends

XAGH.TO vs. FSHBX - Dividend Comparison

XAGH.TO's dividend yield for the trailing twelve months is around 1.89%, less than FSHBX's 4.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSHBX Fidelity Short-Term Bond Fund	4.18%	4.26%	4.00%	3.00%	0.83%	1.04%	2.62%	2.13%	1.78%	1.27%	1.12%	0.88%
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)	1.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAGH.TO and FSHBX in my portfolio?

XAGH.TO and FSHBX 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.