XBB.TO vs. XGRO.TO
XBB.TO (iShares Core Canadian Universe Bond Index ETF) and XGRO.TO (iShares Core Growth ETF Portfolio) are both exchange-traded funds - XBB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while XGRO.TO is a Diversified Portfolio fund actively managed by iShares. XBB.TO is passively managed, while XGRO.TO is actively managed. Over the past 10 years, XBB.TO returned 1.67%/yr vs 10.17%/yr for XGRO.TO. At a correlation of -0.02, they often move in opposite directions. XBB.TO charges 0.10%/yr vs 0.20%/yr for XGRO.TO.
Performance
XBB.TO vs. XGRO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XBB.TO achieves a 1.58% return, which is significantly lower than XGRO.TO's 10.70% return. Over the past 10 years, XBB.TO has underperformed XGRO.TO with an annualized return of 1.67%, while XGRO.TO has yielded a comparatively higher 10.17% annualized return.
XBB.TO
- 1D
- 0.07%
- 1M
- 1.55%
- YTD
- 1.58%
- 6M
- 1.08%
- 1Y
- 2.98%
- 3Y*
- 4.28%
- 5Y*
- 0.72%
- 10Y*
- 1.67%
XGRO.TO
- 1D
- 0.29%
- 1M
- 5.00%
- YTD
- 10.70%
- 6M
- 8.71%
- 1Y
- 23.83%
- 3Y*
- 18.10%
- 5Y*
- 10.89%
- 10Y*
- 10.17%
XBB.TO vs. XGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBB.TO iShares Core Canadian Universe Bond Index ETF | 1.58% | 2.59% | 4.00% | 6.64% | -11.66% | -2.81% | 8.58% | 7.28% | 1.00% | 2.42% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.70% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 11.51% | 17.97% | -6.73% | 11.61% |
Correlation
The correlation between XBB.TO and XGRO.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2007 | -0.02 |
The correlation between XBB.TO and XGRO.TO shifts across timeframes, from -0.02 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XBB.TO vs. XGRO.TO — Risk / Return Rank
XBB.TO
XGRO.TO
XBB.TO vs. XGRO.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 Core Growth ETF Portfolio (XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.42 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.36 | -2.26 |
| Martin ratioReturn relative to average drawdown | 2.56 | 14.92 | -12.36 |
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 | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 2.22 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.99 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.83 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.36 | +0.36 |
Drawdowns
XBB.TO vs. XGRO.TO - Drawdown Comparison
The maximum XBB.TO drawdown since its inception was -18.16%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for XBB.TO and XGRO.TO.
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Drawdown Indicators
| XBB.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.16% | -47.97% | +29.81% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -7.12% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | -12.47% | +7.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.90% | -18.40% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -18.16% | -25.85% | +7.69% |
Current DrawdownCurrent decline from peak | -1.32% | 0.00% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -8.49% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.60% | -0.43% |
Volatility
XBB.TO vs. XGRO.TO - Volatility Comparison
The current volatility for iShares Core Canadian Universe Bond Index ETF (XBB.TO) is 1.54%, while iShares Core Growth ETF Portfolio (XGRO.TO) has a volatility of 3.40%. This indicates that XBB.TO experiences smaller price fluctuations and is considered to be less risky than XGRO.TO 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 | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 3.40% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 9.20% | -5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 10.78% | -6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 11.05% | -4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 12.26% | -5.57% |
XBB.TO vs. XGRO.TO - Expense Ratio Comparison
XBB.TO has a 0.10% expense ratio, which is lower than XGRO.TO's 0.20% 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%.
Dividends
XBB.TO vs. XGRO.TO - Dividend Comparison
XBB.TO's dividend yield for the trailing twelve months is around 3.40%, more than XGRO.TO's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.75% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
Frequently Asked Questions
XBB.TO and XGRO.TO have a correlation of 0.39, 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 0.20% for XGRO.TO.
XBB.TO is categorized as Canadian Government Bonds, while XGRO.TO is Diversified Portfolio. Their fees differ too: 0.10% for XBB.TO and 0.20% for XGRO.TO.
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