XBAL.TO vs. SPY
Compare and contrast key facts about iShares Core Balanced ETF Portfolio (XBAL.TO) and SPDR S&P 500 ETF (SPY).
XBAL.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBAL.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBAL.TO or SPY.
Key characteristics
| XBAL.TO | SPY | |
|---|---|---|
| YTD Return | 15.47% | 27.16% |
| 1Y Return | 22.20% | 37.73% |
| 3Y Return (Ann) | 4.91% | 10.28% |
| 5Y Return (Ann) | 7.45% | 15.97% |
| 10Y Return (Ann) | 6.61% | 13.38% |
| Sharpe Ratio | 3.55 | 3.25 |
| Sortino Ratio | 5.23 | 4.32 |
| Omega Ratio | 1.70 | 1.61 |
| Calmar Ratio | 3.56 | 4.74 |
| Martin Ratio | 28.72 | 21.51 |
| Ulcer Index | 0.80% | 1.85% |
| Daily Std Dev | 6.46% | 12.20% |
| Max Drawdown | -28.78% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XBAL.TO and SPY is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XBAL.TO vs. SPY - Performance Comparison
In the year-to-date period, XBAL.TO achieves a 15.47% return, which is significantly lower than SPY's 27.16% return. Over the past 10 years, XBAL.TO has underperformed SPY with an annualized return of 6.61%, while SPY has yielded a comparatively higher 13.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XBAL.TO vs. SPY - Expense Ratio Comparison
XBAL.TO has a 0.20% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XBAL.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Balanced ETF Portfolio (XBAL.TO) and SPDR S&P 500 ETF (SPY). 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.
Dividends
XBAL.TO vs. SPY - Dividend Comparison
XBAL.TO's dividend yield for the trailing twelve months is around 2.39%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 2.39% | 2.43% | 2.12% | 1.77% | 2.02% | 2.30% | 3.44% | 2.97% | 3.69% | 3.34% | 6.60% | 2.81% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XBAL.TO vs. SPY - Drawdown Comparison
The maximum XBAL.TO drawdown since its inception was -28.78%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XBAL.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
XBAL.TO vs. SPY - Volatility Comparison
The current volatility for iShares Core Balanced ETF Portfolio (XBAL.TO) is 2.28%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.92%. This indicates that XBAL.TO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.