XCB.TO vs. XIGS.TO
XCB.TO (iShares Core Canadian Corporate Bond Index ETF) and XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) are both Corporate Bonds funds from iShares - XCB.TO tracks the Morningstar Can Corp Bd GR CAD while XIGS.TO tracks the ICE BofA 1-5 Year US Corporate Index (CAD-Hedged). Both are passively managed. Over the past 3 years, XCB.TO returned 6.23%/yr vs 4.01%/yr for XIGS.TO. At a 0.47 correlation, their price movements are largely independent. XCB.TO charges 0.17%/yr vs 0.16%/yr for XIGS.TO.
Performance
XCB.TO vs. XIGS.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 higher than XIGS.TO's -0.14% 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%
XIGS.TO
- 1D
- -0.03%
- 1M
- 0.08%
- YTD
- -0.14%
- 6M
- -0.01%
- 1Y
- 2.52%
- 3Y*
- 4.01%
- 5Y*
- —
- 10Y*
- —
XCB.TO vs. XIGS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCB.TO iShares Core Canadian Corporate Bond Index ETF | 1.75% | 4.45% | 6.72% | 8.30% | -9.79% | 0.43% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | -0.14% | 4.82% | 3.76% | 5.39% | -5.89% | -0.97% |
Correlation
The correlation between XCB.TO and XIGS.TO is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.47 |
The correlation between XCB.TO and XIGS.TO has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
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Return for Risk
XCB.TO vs. XIGS.TO — Risk / Return Rank
XCB.TO
XIGS.TO
XCB.TO vs. XIGS.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 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.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 | XIGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.58 | +0.14 |
| Martin ratioReturn relative to average drawdown | 5.08 | 4.82 | +0.26 |
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 | XIGS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.07 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
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 | 0.40 | +0.23 |
Drawdowns
XCB.TO vs. XIGS.TO - Drawdown Comparison
The maximum XCB.TO drawdown since its inception was -22.59%, which is greater than XIGS.TO's maximum drawdown of -10.12%. Use the drawdown chart below to compare losses from any high point for XCB.TO and XIGS.TO.
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Drawdown Indicators
| XCB.TO | XIGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -10.12% | -12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -1.60% | -0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -1.60% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.86% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -2.92% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 0.52% | +0.32% |
Volatility
XCB.TO vs. XIGS.TO - Volatility Comparison
iShares Core Canadian Corporate Bond Index ETF (XCB.TO) has a higher volatility of 1.45% compared to iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) at 0.95%. This indicates that XCB.TO's price experiences larger fluctuations and is considered to be riskier than XIGS.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 | XIGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 0.95% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 1.59% | +1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 2.36% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 3.31% | +2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.23% | 3.31% | +3.92% |
XCB.TO vs. XIGS.TO - Expense Ratio Comparison
XCB.TO has a 0.17% expense ratio, which is higher than XIGS.TO's 0.16% expense ratio. However, 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. XIGS.TO - Dividend Comparison
XCB.TO's dividend yield for the trailing twelve months is around 4.13%, less than XIGS.TO's 4.47% 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% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.47% | 4.10% | 3.71% | 3.03% | 1.75% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCB.TO and XIGS.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIGS.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIGS.TO is cheaper with a 0.16% expense ratio, compared with 0.17% for XCB.TO.
XCB.TO tracks Morningstar Can Corp Bd GR CAD, while XIGS.TO tracks ICE BofA 1-5 Year US Corporate Index (CAD-Hedged). Their fees differ too: 0.17% for XCB.TO and 0.16% for XIGS.TO.
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