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XBAL.TO vs. CASH
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XBAL.TO vs. CASH

Last updated Jun 25, 2026

XBAL.TO (iShares Core Balanced ETF Portfolio) is Diversified Portfolio fund actively managed by iShares, while CASH (Meta Financial Group, Inc.) is a stock. Over the past 10 years, XBAL.TO returned 7.81%/yr vs 19.32%/yr for CASH. At a 0.22 correlation, their price movements are largely independent.

Performance

XBAL.TO vs. CASH - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Balanced ETF Portfolio (XBAL.TO) and Meta Financial Group, Inc. (CASH). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XBAL.TO achieves a 8.27% return, which is significantly lower than CASH's 26.49% return. Over the past 10 years, XBAL.TO has underperformed CASH with an annualized return of 7.81%, while CASH has yielded a comparatively higher 19.32% annualized return.

XBAL.TO

1D
0.03%
1M
0.28%
YTD
8.27%
6M
6.33%
1Y
16.60%
3Y*
14.84%
5Y*
7.99%
10Y*
7.81%

CASH

1D
2.09%
1M
7.84%
YTD
26.49%
6M
20.95%
1Y
17.47%
3Y*
28.02%
5Y*
14.13%
10Y*
19.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XBAL.TO vs. CASH - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XBAL.TO
iShares Core Balanced ETF Portfolio		8.27%11.90%15.80%13.05%-11.16%10.16%10.73%15.34%-2.73%5.55%
CASH
Meta Financial Group, Inc.		26.49%-7.66%51.28%20.51%-22.89%63.74%-1.45%81.86%-31.49%-15.52%

Correlation

The correlation between XBAL.TO and CASH is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

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

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.43

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Jun 21, 2007

0.22

The correlation between XBAL.TO and CASH shifts across timeframes, from 0.22 (all time) to 0.43 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

iShares Core Balanced ETF Portfolio

Meta Financial Group, Inc.

Often compared with XBAL.TO:
XBAL.TO vs. XEQT.TOXBAL.TO vs. VBAL.TOXBAL.TO vs. XCNS.TOXBAL.TO vs. XEI.TOXBAL.TO vs. ZBAL.TOXBAL.TO vs. ZLB.TOXBAL.TO vs. GBAL.TO
Often compared with CASH:
CASH vs. QQQCASH vs. XDIV.TOCASH vs. VOOCASH vs. SPYCASH vs. ARKKCASH vs. TFLOCASH vs. XQQ.TO

Return for Risk

XBAL.TO vs. CASH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XBAL.TO
XBAL.TO Risk / Return Rank: 6363
Overall Rank
XBAL.TO Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
XBAL.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
XBAL.TO Omega Ratio Rank: 6363
Omega Ratio Rank
XBAL.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
XBAL.TO Martin Ratio Rank: 6868
Martin Ratio Rank
CASH
CASH Risk / Return Rank: 5656
Overall Rank
CASH Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
CASH Sortino Ratio Rank: 5151
Sortino Ratio Rank
CASH Omega Ratio Rank: 5353
Omega Ratio Rank
CASH Calmar Ratio Rank: 5757
Calmar Ratio Rank
CASH Martin Ratio Rank: 5757
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.

XBAL.TO vs. CASH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.TO) and Meta Financial Group, Inc. (CASH). 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.

XBAL.TOCASHDifference
Sharpe ratioReturn per unit of total volatility
1.82
0.60

+1.22

Sortino ratioReturn per unit of downside risk
2.56
0.98

+1.58

Omega ratioGain probability vs. loss probability

1.34

1.13

+0.21

Calmar ratioReturn relative to maximum drawdown

2.75

0.82

+1.93

Martin ratioReturn relative to average drawdown

11.26

1.66

+9.60

XBAL.TO vs. CASH - Sharpe Ratio Comparison

The current XBAL.TO Sharpe Ratio is 1.82, which is higher than the CASH Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of XBAL.TO and CASH, 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

XBAL.TO vs. CASH - Drawdown Comparison

The maximum XBAL.TO drawdown since its inception was -28.55%, smaller than the maximum CASH drawdown of -80.41%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and CASH.

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Drawdown Indicators

XBAL.TOCASHDifference

Max Drawdown

Largest peak-to-trough decline

-28.55%

-80.41%

+51.86%

Max Drawdown (1Y)

Largest decline over 1 year

-6.06%

-21.41%

+15.35%

Max Drawdown (3Y)

Largest decline over 3 years

-9.34%

-22.05%

+12.71%

Max Drawdown (5Y)

Largest decline over 5 years

-17.10%

-48.67%

+31.57%

Max Drawdown (10Y)

Largest decline over 10 years

-20.93%

-62.72%

+41.79%

Current Drawdown

Current decline from peak

-2.60%

-10.25%

+7.65%

Average Drawdown

Average peak-to-trough decline

-3.35%

-23.45%

+20.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.48%

10.54%

-9.06%

Volatility

XBAL.TO vs. CASH - Volatility Comparison

The current volatility for iShares Core Balanced ETF Portfolio (XBAL.TO) is 3.86%, while Meta Financial Group, Inc. (CASH) has a volatility of 8.81%. This indicates that XBAL.TO experiences smaller price fluctuations and is considered to be less risky than CASH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XBAL.TOCASHDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.86%

8.81%

-4.95%

Volatility (6M)

Calculated over the trailing 6-month period

7.99%

23.22%

-15.23%

Volatility (1Y)

Calculated over the trailing 1-year period

9.18%

29.06%

-19.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.94%

34.04%

-25.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.80%

41.88%

-32.08%

Dividends

XBAL.TO vs. CASH - Dividend Comparison

XBAL.TO's dividend yield for the trailing twelve months is around 2.10%, more than CASH's 0.23% yield.

PositionTTM20252024202320222021202020192018201720162015
CASH
Meta Financial Group, Inc.		0.23%0.28%0.27%0.38%0.46%0.34%0.55%0.55%0.96%0.56%0.51%1.13%
XBAL.TO
iShares Core Balanced ETF Portfolio		2.10%2.27%2.72%2.43%2.12%1.78%2.04%2.31%3.47%3.00%3.72%3.38%

Frequently Asked Questions

XBAL.TO and CASH have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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