XBB.TO vs. VSBIX
XBB.TO (iShares Core Canadian Universe Bond Index ETF) and VSBIX (Vanguard Short-Term Treasury Index Fund Institutional Shares) are both funds - XBB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while VSBIX is a Government Bonds fund managed by Vanguard. Over the past 10 years, XBB.TO returned 1.63%/yr vs 2.46%/yr for VSBIX. At a 0.26 correlation, their price movements are largely independent. XBB.TO charges 0.10%/yr vs 0.05%/yr for VSBIX.
Performance
XBB.TO vs. VSBIX - Performance Comparison
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Different Trading Currencies
XBB.TO is traded in CAD, while VSBIX is traded in USD. To make them comparable, the VSBIX 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 1.51% return, which is significantly higher than VSBIX's 1.39% return. Over the past 10 years, XBB.TO has underperformed VSBIX with an annualized return of 1.63%, while VSBIX has yielded a comparatively higher 2.46% annualized return.
XBB.TO
- 1D
- -0.18%
- 1M
- 1.59%
- YTD
- 1.51%
- 6M
- 0.69%
- 1Y
- 3.09%
- 3Y*
- 4.17%
- 5Y*
- 0.71%
- 10Y*
- 1.63%
VSBIX
- 1D
- 0.31%
- 1M
- 1.69%
- YTD
- 1.39%
- 6M
- 0.01%
- 1Y
- 4.39%
- 3Y*
- 5.36%
- 5Y*
- 4.65%
- 10Y*
- 2.46%
XBB.TO vs. VSBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBB.TO iShares Core Canadian Universe Bond Index ETF | 1.51% | 2.59% | 4.00% | 6.64% | -11.66% | -2.81% | 8.58% | 7.28% | 1.00% | 2.42% |
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 1.39% | 0.29% | 13.34% | 1.99% | 2.98% | -1.57% | 1.37% | -1.56% | 10.12% | -6.00% |
Correlation
The correlation between XBB.TO and VSBIX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2009 | 0.26 |
The correlation between XBB.TO and VSBIX shifts across timeframes, from 0.12 (3 years) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XBB.TO vs. VSBIX — Risk / Return Rank
XBB.TO
VSBIX
XBB.TO vs. VSBIX - 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 Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX). 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.
| XBB.TO | VSBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.13 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.65 | 2.86 | -0.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XBB.TO | VSBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.98 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.74 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.37 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.40 | +0.31 |
Drawdowns
XBB.TO vs. VSBIX - Drawdown Comparison
The maximum XBB.TO drawdown since its inception was -18.16%, which is greater than VSBIX's maximum drawdown of -16.42%. Use the drawdown chart below to compare losses from any high point for XBB.TO and VSBIX.
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Drawdown Indicators
| XBB.TO | VSBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.16% | -16.42% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -3.92% | +1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | -5.36% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -15.90% | -6.33% | -9.57% |
Max Drawdown (10Y)Largest decline over 10 years | -18.16% | -16.42% | -1.74% |
Current DrawdownCurrent decline from peak | -1.39% | -1.03% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -6.24% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.54% | -0.37% |
Volatility
XBB.TO vs. VSBIX - Volatility Comparison
iShares Core Canadian Universe Bond Index ETF (XBB.TO) has a higher volatility of 1.54% compared to Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) at 0.70%. This indicates that XBB.TO's price experiences larger fluctuations and is considered to be riskier than VSBIX 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 | VSBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 0.70% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 3.40% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 4.50% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 6.30% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 6.77% | -0.08% |
XBB.TO vs. VSBIX - Expense Ratio Comparison
XBB.TO has a 0.10% expense ratio, which is higher than VSBIX's 0.05% 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%.
Dividends
XBB.TO vs. VSBIX - Dividend Comparison
XBB.TO's dividend yield for the trailing twelve months is around 3.41%, less than VSBIX's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares | 3.87% | 3.99% | 4.52% | 3.31% | 1.14% | 0.65% | 1.74% | 2.28% | 1.81% | 1.11% | 0.80% | 0.74% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.41% | 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 VSBIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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