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XCB.TO vs. MFT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCB.TO vs. MFT.TO

Last updated Jul 16, 2026
Documentation

XCB.TO (iShares Core Canadian Corporate Bond Index ETF) and MFT.TO (Mackenzie Floating Rate Income ETF) are both Corporate Bonds funds. XCB.TO is passively managed, while MFT.TO is actively managed. Over the past 10 years, XCB.TO returned 2.67%/yr vs 4.41%/yr for MFT.TO. At a 0.05 correlation, their price movements are largely independent.

Performance

XCB.TO vs. MFT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Canadian Corporate Bond Index ETF (XCB.TO) and Mackenzie Floating Rate Income ETF (MFT.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XCB.TO achieves a 1.34% return, which is significantly lower than MFT.TO's 2.53% return. Over the past 10 years, XCB.TO has underperformed MFT.TO with an annualized return of 2.67%, while MFT.TO has yielded a comparatively higher 4.41% annualized return.

XCB.TO

1D
0.25%
1M
-0.59%
6M
0.84%
YTD
1.34%
1Y
4.90%
3Y*
6.01%
5Y*
2.01%
10Y*
2.67%

MFT.TO

1D
0.00%
1M
0.67%
6M
2.08%
YTD
2.53%
1Y
2.43%
3Y*
5.49%
5Y*
3.71%
10Y*
4.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCB.TO vs. MFT.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XCB.TO
iShares Core Canadian Corporate Bond Index ETF		1.34%4.45%6.72%8.30%-9.79%-1.81%8.36%7.90%0.39%2.75%
MFT.TO
Mackenzie Floating Rate Income ETF		2.53%0.81%8.84%11.99%-6.31%5.56%-0.64%6.00%2.29%5.89%

Correlation

The correlation between XCB.TO and MFT.TO is -0.11, 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

-0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.00

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (10Y)
Calculated over the trailing 10-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2016

0.05

The correlation between XCB.TO and MFT.TO shifts across timeframes, from -0.11 (1 year) to 0.05 (5 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.

iShares Core Canadian Corporate Bond Index ETF

Mackenzie Floating Rate Income ETF

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Return for Risk

XCB.TO vs. MFT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCB.TO
XCB.TO Risk / Return Rank: 4545
Overall Rank
XCB.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
XCB.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
XCB.TO Omega Ratio Rank: 4444
Omega Ratio Rank
XCB.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
XCB.TO Martin Ratio Rank: 4444
Martin Ratio Rank
MFT.TO
MFT.TO Risk / Return Rank: 3333
Overall Rank
MFT.TO Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
MFT.TO Sortino Ratio Rank: 3030
Sortino Ratio Rank
MFT.TO Omega Ratio Rank: 2828
Omega Ratio Rank
MFT.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
MFT.TO Martin Ratio Rank: 3434
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCB.TO vs. MFT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Corporate Bond Index ETF (XCB.TO) and Mackenzie Floating Rate Income ETF (MFT.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XCB.TOMFT.TODifference
Sharpe ratioReturn per unit of total volatility
1.29
0.95

+0.34

Sortino ratioReturn per unit of downside risk
1.87
1.39

+0.48

Omega ratioGain probability vs. loss probability

1.23

1.16

+0.07

Calmar ratioReturn relative to maximum drawdown

1.97

1.84

+0.14

Martin ratioReturn relative to average drawdown

5.90

4.39

+1.51

XCB.TO vs. MFT.TO - Sharpe Ratio Comparison

The current XCB.TO Sharpe Ratio is 1.29, which is higher than the MFT.TO Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of XCB.TO and MFT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XCB.TO vs. MFT.TO - Drawdown Comparison

The maximum XCB.TO drawdown since its inception was -22.59%, which is greater than MFT.TO's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for XCB.TO and MFT.TO.

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Drawdown Indicators

XCB.TOMFT.TODifference

Max Drawdown

Largest peak-to-trough decline

-22.59%

-20.87%

-1.72%

Max Drawdown (1Y)

Largest decline over 1 year

-2.49%

-1.33%

-1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-3.56%

-3.40%

-0.16%

Max Drawdown (5Y)

Largest decline over 5 years

-14.17%

-7.45%

-6.72%

Max Drawdown (10Y)

Largest decline over 10 years

-22.59%

-20.87%

-1.72%

Current Drawdown

Current decline from peak

-0.79%

0.00%

-0.79%

Average Drawdown

Average peak-to-trough decline

-2.11%

-1.38%

-0.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.83%

0.55%

+0.28%

Volatility

XCB.TO vs. MFT.TO - Volatility Comparison

iShares Core Canadian Corporate Bond Index ETF (XCB.TO) has a higher volatility of 1.06% compared to Mackenzie Floating Rate Income ETF (MFT.TO) at 0.79%. This indicates that XCB.TO's price experiences larger fluctuations and is considered to be riskier than MFT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCB.TOMFT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.06%

0.79%

+0.27%

Volatility (6M)

Calculated over the trailing 6-month period

3.08%

1.80%

+1.28%

Volatility (1Y)

Calculated over the trailing 1-year period

3.86%

2.61%

+1.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.68%

3.71%

+1.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.23%

5.10%

+2.13%

Dividends

XCB.TO vs. MFT.TO - Dividend Comparison

XCB.TO's dividend yield for the trailing twelve months is around 4.17%, less than MFT.TO's 8.29% yield.

PositionTTM20252024202320222021202020192018201720162015
MFT.TO
Mackenzie Floating Rate Income ETF		8.29%8.57%9.44%10.40%6.26%3.89%6.18%6.97%6.14%4.84%3.94%0.00%
XCB.TO
iShares Core Canadian Corporate Bond Index ETF		4.17%4.10%4.00%3.69%3.55%3.01%2.75%2.95%3.10%3.07%3.19%3.31%

Frequently Asked Questions

XCB.TO and MFT.TO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: iShares and Mackenzie.

Portfolio Optimizer

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