XCB.TO vs. XIU.TO
XCB.TO (iShares Core Canadian Corporate Bond Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - XCB.TO is a Corporate Bonds fund tracking the Morningstar Can Corp 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, XCB.TO returned 2.77%/yr vs 12.62%/yr for XIU.TO. At a correlation of -0.03, they often move in opposite directions. XCB.TO charges 0.17%/yr vs 0.18%/yr for XIU.TO.
Performance
XCB.TO vs. XIU.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XCB.TO achieves a 1.75% return, which is significantly lower than XIU.TO's 10.14% return. Over the past 10 years, XCB.TO has underperformed XIU.TO with an annualized return of 2.77%, while XIU.TO has yielded a comparatively higher 12.62% 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%
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%
XCB.TO vs. XIU.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% |
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 XCB.TO and XIU.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2006 | -0.03 |
The correlation between XCB.TO and XIU.TO shifts across timeframes, from -0.03 (all time) to 0.35 (1 year), 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.
Return for Risk
XCB.TO vs. XIU.TO — Risk / Return Rank
XCB.TO
XIU.TO
XCB.TO vs. XIU.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 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.
| XCB.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.49 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 4.16 | -2.44 |
| Martin ratioReturn relative to average drawdown | 5.08 | 19.30 | -14.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XCB.TO | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.71 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.13 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.85 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.51 | +0.13 |
Drawdowns
XCB.TO vs. XIU.TO - Drawdown Comparison
The maximum XCB.TO drawdown since its inception was -22.59%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XCB.TO and XIU.TO.
Loading charts...
Drawdown Indicators
| XCB.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -52.31% | +29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -7.65% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.56% | -12.36% | +8.80% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -16.36% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -22.59% | -35.46% | +12.87% |
Current DrawdownCurrent decline from peak | -0.10% | -0.87% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -11.63% | +9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 1.64% | -0.80% |
Volatility
XCB.TO vs. XIU.TO - Volatility Comparison
The current volatility for iShares Core Canadian Corporate Bond Index ETF (XCB.TO) is 1.45%, while iShares S&P/TSX 60 Index ETF (XIU.TO) has a volatility of 3.28%. This indicates that XCB.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.
Loading charts...
Volatility by Period
| XCB.TO | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 3.28% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 9.32% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 11.73% | -7.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.67% | 12.78% | -7.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.23% | 15.01% | -7.78% |
XCB.TO vs. XIU.TO - Expense Ratio Comparison
XCB.TO has a 0.17% 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
XCB.TO vs. XIU.TO - Dividend Comparison
XCB.TO's dividend yield for the trailing twelve months is around 4.13%, more than XIU.TO's 2.20% 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% |
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
XCB.TO and XIU.TO have a correlation of 0.35, 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 0.18% for XIU.TO.
XCB.TO is categorized as Corporate Bonds, while XIU.TO is Canada Equities. XCB.TO tracks Morningstar Can Corp Bd GR CAD, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.17% for XCB.TO and 0.18% for XIU.TO.
Find the right allocation for XCB.TO and XIU.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer