XBB.TO vs. XEG.TO
XBB.TO (iShares Core Canadian Universe Bond Index ETF) and XEG.TO (iShares S&P/TSX Capped Energy Index ETF) are both exchange-traded funds - XBB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index. Both are passively managed. Over the past 10 years, XBB.TO returned 1.63%/yr vs 11.85%/yr for XEG.TO. At a correlation of -0.17, they often move in opposite directions. XBB.TO charges 0.10%/yr vs 0.61%/yr for XEG.TO.
Performance
XBB.TO vs. XEG.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XBB.TO achieves a 1.51% return, which is significantly lower than XEG.TO's 44.34% return. Over the past 10 years, XBB.TO has underperformed XEG.TO with an annualized return of 1.63%, while XEG.TO has yielded a comparatively higher 11.85% 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%
XEG.TO
- 1D
- 1.17%
- 1M
- -0.04%
- YTD
- 44.34%
- 6M
- 39.73%
- 1Y
- 70.40%
- 3Y*
- 28.08%
- 5Y*
- 29.48%
- 10Y*
- 11.85%
XBB.TO vs. XEG.TO - 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% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 44.34% | 16.72% | 14.08% | 3.52% | 53.25% | 83.71% | -34.41% | 8.98% | -27.05% | -11.18% |
Correlation
The correlation between XBB.TO and XEG.TO is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2001 | -0.17 |
The correlation between XBB.TO and XEG.TO shifts across timeframes, from -0.31 (1 year) to -0.14 (3 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.
Return for Risk
XBB.TO vs. XEG.TO — Risk / Return Rank
XBB.TO
XEG.TO
XBB.TO vs. XEG.TO - 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 S&P/TSX Capped Energy Index ETF (XEG.TO). 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 | XEG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.49 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 6.36 | -5.22 |
| Martin ratioReturn relative to average drawdown | 2.65 | 19.02 | -16.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XBB.TO | XEG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 3.11 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.04 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.36 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.28 | +0.43 |
Drawdowns
XBB.TO vs. XEG.TO - Drawdown Comparison
The maximum XBB.TO drawdown since its inception was -18.16%, smaller than the maximum XEG.TO drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for XBB.TO and XEG.TO.
Loading charts...
Drawdown Indicators
| XBB.TO | XEG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.16% | -87.74% | +69.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -11.12% | +8.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | -25.67% | +20.25% |
Max Drawdown (5Y)Largest decline over 5 years | -15.90% | -28.42% | +12.52% |
Max Drawdown (10Y)Largest decline over 10 years | -18.16% | -79.66% | +61.50% |
Current DrawdownCurrent decline from peak | -1.39% | -4.00% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -29.19% | +26.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.71% | -2.54% |
Volatility
XBB.TO vs. XEG.TO - Volatility Comparison
The current volatility for iShares Core Canadian Universe Bond Index ETF (XBB.TO) is 1.54%, while iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a volatility of 9.31%. This indicates that XBB.TO experiences smaller price fluctuations and is considered to be less risky than XEG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XBB.TO | XEG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 9.31% | -7.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 18.99% | -15.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 22.76% | -18.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 28.62% | -21.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 33.41% | -26.72% |
XBB.TO vs. XEG.TO - Expense Ratio Comparison
XBB.TO has a 0.10% expense ratio, which is lower than XEG.TO's 0.61% expense ratio.
Dividends
XBB.TO vs. XEG.TO - Dividend Comparison
XBB.TO's dividend yield for the trailing twelve months is around 3.41%, more than XEG.TO's 2.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.65% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
XBB.TO and XEG.TO have a correlation of -0.31, 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 0.61% for XEG.TO.
XBB.TO is categorized as Canadian Government Bonds, while XEG.TO is Energy Equities. XBB.TO tracks Morningstar Can Core Bd GR CAD, while XEG.TO tracks S&P/TSX Capped Energy Index. Their fees differ too: 0.10% for XBB.TO and 0.61% for XEG.TO.
Find the right allocation for XBB.TO and XEG.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer