XCB.TO vs. XGRO.TO
XCB.TO (iShares Core Canadian Corporate Bond Index ETF) and XGRO.TO (iShares Core Growth ETF Portfolio) are both exchange-traded funds - XCB.TO is a Corporate Bonds fund tracking the Morningstar Can Corp Bd GR CAD, while XGRO.TO is a Diversified Portfolio fund actively managed by iShares. XCB.TO is passively managed, while XGRO.TO is actively managed. Over the past 10 years, XCB.TO returned 2.77%/yr vs 10.20%/yr for XGRO.TO. At a 0.04 correlation, their price movements are largely independent. XCB.TO charges 0.17%/yr vs 0.20%/yr for XGRO.TO.
Performance
XCB.TO vs. XGRO.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 XGRO.TO's 10.38% return. Over the past 10 years, XCB.TO has underperformed XGRO.TO with an annualized return of 2.77%, while XGRO.TO has yielded a comparatively higher 10.20% annualized 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%
XGRO.TO
- 1D
- -0.18%
- 1M
- 5.42%
- YTD
- 10.38%
- 6M
- 8.74%
- 1Y
- 23.44%
- 3Y*
- 17.87%
- 5Y*
- 10.83%
- 10Y*
- 10.20%
XCB.TO vs. XGRO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCB.TO iShares Core Canadian Corporate Bond Index ETF | 1.75% | 4.45% | 6.72% | 8.30% | -9.79% | -1.81% | 8.36% | 7.90% | 0.39% | 2.75% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.38% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 11.51% | 17.97% | -6.73% | 11.61% |
Correlation
The correlation between XCB.TO and XGRO.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 | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2007 | 0.04 |
Over the past year, XCB.TO and XGRO.TO have become more correlated (0.44) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
XCB.TO vs. XGRO.TO — Risk / Return Rank
XCB.TO
XGRO.TO
XCB.TO vs. XGRO.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 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.
| XCB.TO | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.41 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 3.30 | -1.59 |
| Martin ratioReturn relative to average drawdown | 5.08 | 14.67 | -9.59 |
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 | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.18 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.99 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.84 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.35 | +0.28 |
Drawdowns
XCB.TO vs. XGRO.TO - Drawdown Comparison
The maximum XCB.TO drawdown since its inception was -22.59%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for XCB.TO and XGRO.TO.
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Drawdown Indicators
| XCB.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -47.97% | +25.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -7.12% | +4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -12.47% | +8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -18.40% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -25.85% | +3.26% |
Current DrawdownCurrent decline from peak | -0.10% | -0.18% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -8.49% | +6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.60% | -0.76% |
Volatility
XCB.TO vs. XGRO.TO - Volatility Comparison
The current volatility for iShares Core Canadian Corporate Bond Index ETF (XCB.TO) is 1.45%, while iShares Core Growth ETF Portfolio (XGRO.TO) has a volatility of 3.43%. This indicates that XCB.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
| XCB.TO | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 3.43% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 9.19% | -6.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 10.78% | -7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 11.05% | -5.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.23% | 12.26% | -5.03% |
XCB.TO vs. XGRO.TO - Expense Ratio Comparison
XCB.TO has a 0.17% 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
XCB.TO vs. XGRO.TO - Dividend Comparison
XCB.TO's dividend yield for the trailing twelve months is around 4.13%, more than XGRO.TO's 1.76% 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% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.76% | 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
XCB.TO and XGRO.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 XGRO.TO.
XCB.TO is categorized as Corporate Bonds, while XGRO.TO is Diversified Portfolio. Their fees differ too: 0.17% for XCB.TO and 0.20% for XGRO.TO.
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