XBB.TO vs. XIU.TO
XBB.TO (iShares Core Canadian Universe Bond Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - XBB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, XBB.TO returned 1.63%/yr vs 12.62%/yr for XIU.TO. At a correlation of -0.12, they often move in opposite directions. XBB.TO charges 0.10%/yr vs 0.18%/yr for XIU.TO.
Performance
XBB.TO vs. XIU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XBB.TO achieves a 1.51% return, which is significantly lower than XIU.TO's 10.14% return. Over the past 10 years, XBB.TO has underperformed XIU.TO with an annualized return of 1.63%, while XIU.TO has yielded a comparatively higher 12.62% 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%
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
XBB.TO vs. XIU.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% |
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
Correlation
The correlation between XBB.TO and XIU.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2000 | -0.12 |
The correlation between XBB.TO and XIU.TO shifts across timeframes, from -0.12 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XBB.TO vs. XIU.TO — Risk / Return Rank
XBB.TO
XIU.TO
XBB.TO vs. XIU.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 60 Index ETF (XIU.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 | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.49 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 4.16 | -3.02 |
| Martin ratioReturn relative to average drawdown | 2.65 | 19.30 | -16.65 |
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 | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 2.71 | -2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.13 | -1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.85 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.51 | +0.21 |
Drawdowns
XBB.TO vs. XIU.TO - Drawdown Comparison
The maximum XBB.TO drawdown since its inception was -18.16%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XBB.TO and XIU.TO.
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Drawdown Indicators
| XBB.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.16% | -52.31% | +34.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -7.65% | +4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | -12.36% | +6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -15.90% | -16.36% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -18.16% | -35.46% | +17.30% |
Current DrawdownCurrent decline from peak | -1.39% | -0.87% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -2.76% | -11.63% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.64% | -0.47% |
Volatility
XBB.TO vs. XIU.TO - Volatility Comparison
The current volatility for iShares Core Canadian Universe Bond Index ETF (XBB.TO) is 1.54%, while iShares S&P/TSX 60 Index ETF (XIU.TO) has a volatility of 3.28%. This indicates that XBB.TO experiences smaller price fluctuations and is considered to be less risky than XIU.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 | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 3.28% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 9.32% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 11.73% | -7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 12.78% | -6.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.69% | 15.01% | -8.32% |
XBB.TO vs. XIU.TO - Expense Ratio Comparison
XBB.TO has a 0.10% expense ratio, which is lower than XIU.TO's 0.18% 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. XIU.TO - Dividend Comparison
XBB.TO's dividend yield for the trailing twelve months is around 3.41%, more than XIU.TO's 2.20% 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% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
Frequently Asked Questions
XBB.TO and XIU.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 0.18% for XIU.TO.
XBB.TO is categorized as Canadian Government Bonds, while XIU.TO is Canada Equities. XBB.TO tracks Morningstar Can Core Bd GR CAD, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.10% for XBB.TO and 0.18% for XIU.TO.
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