XBAL.TO vs. DJIA
XBAL.TO (iShares Core Balanced ETF Portfolio) and DJIA (Global X Dow 30 Covered Call ETF) are both exchange-traded funds - XBAL.TO is a Diversified Portfolio fund actively managed by iShares, while DJIA is a Derivative Income fund tracking the DJIA Cboe BuyWrite v2 Index. XBAL.TO is actively managed, while DJIA is passively managed. Over the past 3 years, XBAL.TO returned 14.84%/yr vs 13.45%/yr for DJIA. At a 0.47 correlation, their price movements are largely independent. XBAL.TO charges 0.20%/yr vs 0.60%/yr for DJIA.
Performance
XBAL.TO vs. DJIA - Performance Comparison
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Different Trading Currencies
XBAL.TO is traded in CAD, while DJIA is traded in USD. To make them comparable, the DJIA 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 higher than DJIA's 7.73% 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%
DJIA
- 1D
- 0.45%
- 1M
- 4.37%
- YTD
- 7.73%
- 6M
- 7.22%
- 1Y
- 17.39%
- 3Y*
- 13.45%
- 5Y*
- —
- 10Y*
- —
XBAL.TO vs. DJIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 8.27% | 11.90% | 15.80% | 13.05% | -5.21% |
DJIA Global X Dow 30 Covered Call ETF | 7.73% | 4.13% | 24.22% | 6.56% | 5.29% |
Correlation
The correlation between XBAL.TO and DJIA is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.47 |
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Return for Risk
XBAL.TO vs. DJIA — Risk / Return Rank
XBAL.TO
DJIA
XBAL.TO vs. DJIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.TO) and Global X Dow 30 Covered Call ETF (DJIA). 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.TO | DJIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.70 | +0.05 |
| Martin ratioReturn relative to average drawdown | 11.26 | 8.82 | +2.44 |
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Drawdowns
XBAL.TO vs. DJIA - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.55%, which is greater than DJIA's maximum drawdown of -13.99%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and DJIA.
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Drawdown Indicators
| XBAL.TO | DJIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -13.99% | -14.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -6.47% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -9.34% | -13.99% | +4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -17.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -20.93% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | 0.00% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -2.90% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.98% | -0.50% |
Volatility
XBAL.TO vs. DJIA - Volatility Comparison
iShares Core Balanced ETF Portfolio (XBAL.TO) has a higher volatility of 3.86% compared to Global X Dow 30 Covered Call ETF (DJIA) at 1.70%. This indicates that XBAL.TO's price experiences larger fluctuations and is considered to be riskier than DJIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAL.TO | DJIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 1.70% | +2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 7.10% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.18% | 8.32% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.94% | 12.31% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.80% | 12.31% | -2.51% |
XBAL.TO vs. DJIA - Expense Ratio Comparison
XBAL.TO has a 0.20% expense ratio, which is lower than DJIA's 0.60% expense ratio.
Dividends
XBAL.TO vs. DJIA - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.10%, less than DJIA's 10.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJIA Global X Dow 30 Covered Call ETF | 10.76% | 10.60% | 11.44% | 7.16% | 9.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 DJIA have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAL.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAL.TO is cheaper with a 0.20% expense ratio, compared with 0.60% for DJIA.
XBAL.TO is categorized as Diversified Portfolio, while DJIA is Derivative Income. They also come from different issuers: iShares and Global X. Their fees differ too: 0.20% for XBAL.TO and 0.60% for DJIA.
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