XCB.TO vs. XEQT.TO
XCB.TO (iShares Core Canadian Corporate Bond Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XCB.TO is a Corporate Bonds fund tracking the Morningstar Can Corp Bd GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XCB.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XCB.TO returned 2.30%/yr vs 13.72%/yr for XEQT.TO. At a 0.18 correlation, their price movements are largely independent. XCB.TO charges 0.17%/yr vs 0.20%/yr for XEQT.TO.
Performance
XCB.TO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCB.TO achieves a 1.75% return, which is significantly lower than XEQT.TO's 12.29% return.
XCB.TO
- 1D
- -0.10%
- 1M
- 1.66%
- YTD
- 1.75%
- 6M
- 1.49%
- 1Y
- 4.27%
- 3Y*
- 6.23%
- 5Y*
- 2.30%
- 10Y*
- 2.77%
XEQT.TO
- 1D
- -0.56%
- 1M
- 5.98%
- YTD
- 12.29%
- 6M
- 11.20%
- 1Y
- 29.24%
- 3Y*
- 21.78%
- 5Y*
- 13.72%
- 10Y*
- —
XCB.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCB.TO iShares Core Canadian Corporate Bond Index ETF | 1.75% | 4.45% | 6.72% | 8.30% | -9.79% | -1.81% | 8.36% | -0.71% |
XEQT.TO iShares Core Equity ETF Portfolio | 12.29% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Correlation
The correlation between XCB.TO and XEQT.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.18 |
Over the past year, XCB.TO and XEQT.TO have become more correlated (0.44) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
XCB.TO vs. XEQT.TO — Risk / Return Rank
XCB.TO
XEQT.TO
XCB.TO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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.
| XCB.TO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.47 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.56 | -1.84 |
| Martin ratioReturn relative to average drawdown | 5.08 | 15.50 | -10.42 |
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
| XCB.TO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.53 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.05 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.95 | -0.32 |
Drawdowns
XCB.TO vs. XEQT.TO - Drawdown Comparison
The maximum XCB.TO drawdown since its inception was -22.59%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XCB.TO and XEQT.TO.
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Drawdown Indicators
| XCB.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -29.74% | +7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -8.25% | +5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -15.08% | +11.52% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -19.56% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.56% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -4.11% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.89% | -1.05% |
Volatility
XCB.TO vs. XEQT.TO - Volatility Comparison
The current volatility for iShares Core Canadian Corporate Bond Index ETF (XCB.TO) is 1.45%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XCB.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.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.TO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 3.70% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 9.38% | -6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 11.63% | -7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 13.12% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.23% | 15.56% | -8.33% |
XCB.TO vs. XEQT.TO - Expense Ratio Comparison
XCB.TO has a 0.17% expense ratio, which is lower than XEQT.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
XCB.TO vs. XEQT.TO - Dividend Comparison
XCB.TO's dividend yield for the trailing twelve months is around 4.13%, more than XEQT.TO's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCB.TO iShares Core Canadian Corporate Bond Index ETF | 4.13% | 4.10% | 4.00% | 3.69% | 3.55% | 3.01% | 2.75% | 2.95% | 3.10% | 3.07% | 3.19% | 3.31% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCB.TO and XEQT.TO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCB.TO is cheaper with a 0.17% expense ratio, compared with 0.20% for XEQT.TO.
XCB.TO is categorized as Corporate Bonds, while XEQT.TO is Global Equities. Their fees differ too: 0.17% for XCB.TO and 0.20% for XEQT.TO.
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