XBB.TO vs. XGB.TO
Compare and contrast key facts about iShares Core Canadian Universe Bond Index ETF (XBB.TO) and iShares Core Canadian Government Bond Index ETF (XGB.TO).
XBB.TO and XGB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Core Bd GR CAD. It was launched on Nov 20, 2000. XGB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Core Bd GR CAD. It was launched on Nov 6, 2006. Both XBB.TO and XGB.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XBB.TO or XGB.TO.
Key characteristics
| XBB.TO | XGB.TO | |
|---|---|---|
| YTD Return | 3.34% | 2.96% |
| 1Y Return | 8.95% | 8.25% |
| 3Y Return (Ann) | -0.25% | -0.84% |
| 5Y Return (Ann) | 0.61% | 0.02% |
| 10Y Return (Ann) | 1.99% | 1.54% |
| Sharpe Ratio | 1.57 | 1.35 |
| Sortino Ratio | 2.27 | 1.99 |
| Omega Ratio | 1.28 | 1.24 |
| Calmar Ratio | 0.65 | 0.52 |
| Martin Ratio | 5.55 | 4.22 |
| Ulcer Index | 1.69% | 2.04% |
| Daily Std Dev | 5.97% | 6.37% |
| Max Drawdown | -18.16% | -19.53% |
| Current Drawdown | -5.90% | -8.75% |
Correlation
The correlation between XBB.TO and XGB.TO is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XBB.TO vs. XGB.TO - Performance Comparison
In the year-to-date period, XBB.TO achieves a 3.34% return, which is significantly higher than XGB.TO's 2.96% return. Over the past 10 years, XBB.TO has outperformed XGB.TO with an annualized return of 1.99%, while XGB.TO has yielded a comparatively lower 1.54% 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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XBB.TO vs. XGB.TO - Expense Ratio Comparison
XBB.TO has a 0.10% expense ratio, which is lower than XGB.TO's 0.13% expense ratio. Despite the difference, 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
XBB.TO vs. XGB.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Universe Bond Index ETF (XBB.TO) and iShares Core Canadian Government Bond Index ETF (XGB.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.
Dividends
XBB.TO vs. XGB.TO - Dividend Comparison
XBB.TO's dividend yield for the trailing twelve months is around 3.21%, more than XGB.TO's 2.92% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.21% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% | 3.04% | 3.32% |
XGB.TO iShares Core Canadian Government Bond Index ETF | 2.92% | 2.73% | 2.64% | 2.25% | 2.12% | 2.32% | 2.44% | 2.41% | 2.53% | 2.62% | 2.74% | 3.03% |
Drawdowns
XBB.TO vs. XGB.TO - Drawdown Comparison
The maximum XBB.TO drawdown since its inception was -18.16%, smaller than the maximum XGB.TO drawdown of -19.53%. Use the drawdown chart below to compare losses from any high point for XBB.TO and XGB.TO. For additional features, visit the drawdowns tool.
Volatility
XBB.TO vs. XGB.TO - Volatility Comparison
iShares Core Canadian Universe Bond Index ETF (XBB.TO) and iShares Core Canadian Government Bond Index ETF (XGB.TO) have volatilities of 2.57% and 2.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.