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XCBG.TO vs. IGSB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCBG.TO vs. IGSB

Last updated Jun 4, 2026

XCBG.TO (iShares ESG Advanced Canadian Corporate Bond Index ETF) and IGSB (iShares Short-Term Corporate Bond ETF) are both Corporate Bonds funds from iShares - XCBG.TO tracks the Morningstar Can Corp Bd GR CAD while IGSB tracks the ICE BofAML 1-5 Year US Corporate Index. Both are passively managed. Over the past 3 years, XCBG.TO returned 5.93%/yr vs 6.89%/yr for IGSB. At a 0.18 correlation, their price movements are largely independent. XCBG.TO charges 0.17%/yr vs 0.06%/yr for IGSB.

Performance

XCBG.TO vs. IGSB - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) and iShares Short-Term Corporate Bond ETF (IGSB). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XCBG.TO is traded in CAD, while IGSB is traded in USD. To make them comparable, the IGSB values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCBG.TO achieves a 1.59% return, which is significantly lower than IGSB's 2.00% return.

XCBG.TO

1D
-0.08%
1M
1.47%
YTD
1.59%
6M
1.49%
1Y
3.86%
3Y*
5.93%
5Y*
—
10Y*
—

IGSB

1D
0.35%
1M
2.27%
YTD
2.00%
6M
0.61%
1Y
6.07%
3Y*
6.89%
5Y*
5.35%
10Y*
3.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCBG.TO vs. IGSB - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index ETF		1.59%4.21%6.79%7.45%-7.40%-1.10%
IGSB
iShares Short-Term Corporate Bond ETF		2.00%2.05%13.99%4.06%1.09%-0.58%

Correlation

The correlation between XCBG.TO and IGSB is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.17

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

0.22

Correlation (All Time)
Calculated using the full available price history since Jul 28, 2021

0.18

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares ESG Advanced Canadian Corporate Bond Index ETF

iShares Short-Term Corporate Bond ETF

Often compared with XCBG.TO:
XCBG.TO vs. XCB.TOXCBG.TO vs. XHB.TOXCBG.TO vs. ZMMK.TOXCBG.TO vs. XSTH.TOXCBG.TO vs. GEQT.TOXCBG.TO vs. XSHG.TOXCBG.TO vs. ZAG.TO
Often compared with IGSB:
IGSB vs. VCSHIGSB vs. LQDIGSB vs. SPSBIGSB vs. IGIBIGSB vs. SLQDIGSB vs. FLDRIGSB vs. AGG

Return for Risk

XCBG.TO vs. IGSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCBG.TO
XCBG.TO Risk / Return Rank: 3737
Overall Rank
XCBG.TO Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XCBG.TO Sortino Ratio Rank: 3636
Sortino Ratio Rank
XCBG.TO Omega Ratio Rank: 3737
Omega Ratio Rank
XCBG.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
XCBG.TO Martin Ratio Rank: 3838
Martin Ratio Rank
IGSB
IGSB Risk / Return Rank: 7575
Overall Rank
IGSB Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
IGSB Sortino Ratio Rank: 8484
Sortino Ratio Rank
IGSB Omega Ratio Rank: 8181
Omega Ratio Rank
IGSB Calmar Ratio Rank: 6565
Calmar Ratio Rank
IGSB Martin Ratio Rank: 7070
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.

XCBG.TO vs. IGSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) and iShares Short-Term Corporate Bond ETF (IGSB). 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.

XCBG.TOIGSBDifference
Sharpe ratioReturn per unit of total volatility
1.31
1.33

-0.02

Sortino ratioReturn per unit of downside risk
1.88
1.88

0.00

Omega ratioGain probability vs. loss probability

1.25

1.24

+0.01

Calmar ratioReturn relative to maximum drawdown

1.91

1.66

+0.25

Martin ratioReturn relative to average drawdown

5.93

4.18

+1.75

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCBG.TO vs. IGSB - Sharpe Ratio Comparison

The current XCBG.TO Sharpe Ratio is 1.31, which is comparable to the IGSB Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of XCBG.TO and IGSB, 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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Sharpe Ratios by Period

XCBG.TOIGSBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.31

1.33

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.88

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.51

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.45

+0.08

Drawdowns

XCBG.TO vs. IGSB - Drawdown Comparison

The maximum XCBG.TO drawdown since its inception was -12.14%, smaller than the maximum IGSB drawdown of -14.21%. Use the drawdown chart below to compare losses from any high point for XCBG.TO and IGSB.

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Drawdown Indicators

XCBG.TOIGSBDifference

Max Drawdown

Largest peak-to-trough decline

-12.14%

-14.21%

+2.07%

Max Drawdown (1Y)

Largest decline over 1 year

-2.03%

-3.68%

+1.65%

Max Drawdown (3Y)

Largest decline over 3 years

-2.26%

-5.00%

+2.74%

Max Drawdown (5Y)

Largest decline over 5 years

—

-8.02%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-12.72%

—

Current Drawdown

Current decline from peak

-0.08%

-0.38%

+0.30%

Average Drawdown

Average peak-to-trough decline

-3.53%

-5.12%

+1.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.65%

1.45%

-0.80%

Volatility

XCBG.TO vs. IGSB - Volatility Comparison

iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) has a higher volatility of 1.07% compared to iShares Short-Term Corporate Bond ETF (IGSB) at 0.82%. This indicates that XCBG.TO's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCBG.TOIGSBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.07%

0.82%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

2.37%

3.50%

-1.13%

Volatility (1Y)

Calculated over the trailing 1-year period

2.95%

4.58%

-1.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.21%

6.13%

-1.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.21%

6.88%

-2.67%

XCBG.TO vs. IGSB - Expense Ratio Comparison

XCBG.TO has a 0.17% expense ratio, which is higher than IGSB's 0.06% 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

XCBG.TO vs. IGSB - Dividend Comparison

XCBG.TO's dividend yield for the trailing twelve months is around 3.93%, less than IGSB's 4.58% yield.

PositionTTM20252024202320222021202020192018201720162015
IGSB
iShares Short-Term Corporate Bond ETF		4.58%4.44%4.02%3.26%2.07%1.82%2.36%3.06%2.46%1.65%1.45%1.18%
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index ETF		3.93%3.84%3.61%3.19%2.99%0.87%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XCBG.TO and IGSB have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IGSB is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IGSB is cheaper with a 0.06% expense ratio, compared with 0.17% for XCBG.TO.

XCBG.TO tracks Morningstar Can Corp Bd GR CAD, while IGSB tracks ICE BofAML 1-5 Year US Corporate Index. Their fees differ too: 0.17% for XCBG.TO and 0.06% for IGSB.

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