XBB.TO vs. ITA
XBB.TO (iShares Core Canadian Universe Bond Index ETF) and ITA (iShares U.S. Aerospace & Defense ETF) are both exchange-traded funds - XBB.TO is a Intermediate Core Bond fund tracking the FTSE Canada Universe Bond Index, while ITA is a Aerospace & Defense fund tracking the Dow Jones U.S. Select Aerospace & Defense Index. Both are passively managed. Over the past 10 years, XBB.TO returned 1.63%/yr vs 16.45%/yr for ITA. At a correlation of -0.15, they often move in opposite directions. XBB.TO charges 0.10%/yr vs 0.38%/yr for ITA.
Performance
XBB.TO vs. ITA - Performance Comparison
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Different Trading Currencies
XBB.TO is traded in CAD, while ITA is traded in USD. To make them comparable, the ITA values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XBB.TO achieves a 1.72% return, which is significantly lower than ITA's 12.90% return. Over the past 10 years, XBB.TO has underperformed ITA with an annualized return of 1.63%, while ITA has yielded a comparatively higher 16.45% annualized return.
XBB.TO
- 1D
- 0.07%
- 1M
- 2.10%
- YTD
- 1.72%
- 6M
- 1.94%
- 1Y
- 4.05%
- 3Y*
- 4.40%
- 5Y*
- 0.73%
- 10Y*
- 1.63%
ITA
- 1D
- 1.55%
- 1M
- 11.25%
- YTD
- 12.90%
- 6M
- 15.01%
- 1Y
- 36.10%
- 3Y*
- 30.29%
- 5Y*
- 20.65%
- 10Y*
- 16.45%
XBB.TO vs. ITA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBB.TO iShares Core Canadian Universe Bond Index ETF | 1.72% | 2.59% | 4.00% | 6.64% | -11.66% | -2.81% | 8.58% | 7.28% | 1.00% | 2.42% |
ITA iShares U.S. Aerospace & Defense ETF | 12.90% | 41.86% | 25.62% | 11.61% | 16.93% | 9.34% | -15.62% | 25.13% | 0.58% | 26.09% |
Correlation
The correlation between XBB.TO and ITA is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | -0.15 |
The correlation between XBB.TO and ITA shifts across timeframes, from -0.15 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XBB.TO vs. ITA — Risk / Return Rank
XBB.TO
ITA
XBB.TO vs. ITA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Universe Bond Index ETF (XBB.TO) and iShares U.S. Aerospace & Defense ETF (ITA). 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.
| XBB.TO | ITA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 2.43 | -0.94 |
| Martin ratioReturn relative to average drawdown | 3.47 | 6.14 | -2.67 |
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Drawdowns
XBB.TO vs. ITA - Drawdown Comparison
The maximum XBB.TO drawdown since its inception was -18.16%, smaller than the maximum ITA drawdown of -47.26%. Use the drawdown chart below to compare losses from any high point for XBB.TO and ITA.
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Drawdown Indicators
| XBB.TO | ITA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.16% | -47.26% | +29.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -14.91% | +12.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | -17.29% | +11.87% |
Max Drawdown (5Y)Largest decline over 5 years | -15.90% | -17.29% | +1.39% |
Max Drawdown (10Y)Largest decline over 10 years | -18.16% | -46.69% | +28.53% |
Current DrawdownCurrent decline from peak | -1.18% | -3.08% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -8.88% | +5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 5.89% | -4.72% |
Volatility
XBB.TO vs. ITA - Volatility Comparison
The current volatility for iShares Core Canadian Universe Bond Index ETF (XBB.TO) is 1.44%, while iShares U.S. Aerospace & Defense ETF (ITA) has a volatility of 9.26%. This indicates that XBB.TO experiences smaller price fluctuations and is considered to be less risky than ITA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBB.TO | ITA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 9.26% | -7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 3.26% | 19.10% | -15.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.37% | 22.39% | -18.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 21.34% | -14.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.70% | 24.04% | -17.34% |
XBB.TO vs. ITA - Expense Ratio Comparison
XBB.TO has a 0.10% expense ratio, which is lower than ITA's 0.38% expense ratio.
Dividends
XBB.TO vs. ITA - Dividend Comparison
XBB.TO's dividend yield for the trailing twelve months is around 3.40%, more than ITA's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITA iShares U.S. Aerospace & Defense ETF | 0.52% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.40% | 3.39% | 3.25% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% |
Frequently Asked Questions
XBB.TO and ITA have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBB.TO is cheaper with a 0.10% expense ratio, compared with 0.38% for ITA.
XBB.TO is categorized as Intermediate Core Bond, while ITA is Aerospace & Defense. XBB.TO tracks FTSE Canada Universe Bond Index, while ITA tracks Dow Jones U.S. Select Aerospace & Defense Index. Their fees differ too: 0.10% for XBB.TO and 0.38% for ITA.
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