XCBG.TO vs. RBO.TO
XCBG.TO (iShares ESG Advanced Canadian Corporate Bond Index ETF) and RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) are both Corporate Bonds funds. XCBG.TO is passively managed, while RBO.TO is actively managed. Over the past 3 years, XCBG.TO returned 5.88%/yr vs 5.31%/yr for RBO.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
XCBG.TO vs. RBO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCBG.TO achieves a 1.23% return, which is significantly lower than RBO.TO's 1.31% return.
XCBG.TO
- 1D
- -0.05%
- 1M
- -0.33%
- 6M
- 0.57%
- YTD
- 1.23%
- 1Y
- 3.87%
- 3Y*
- 5.88%
- 5Y*
- —
- 10Y*
- —
RBO.TO
- 1D
- 0.00%
- 1M
- -0.03%
- 6M
- 0.82%
- YTD
- 1.31%
- 1Y
- 3.34%
- 3Y*
- 5.31%
- 5Y*
- 2.30%
- 10Y*
- 2.38%
XCBG.TO vs. RBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 1.23% | 4.21% | 6.79% | 7.45% | -7.40% | -1.10% |
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 1.31% | 4.23% | 6.06% | 6.16% | -5.32% | -0.53% |
Correlation
The correlation between XCBG.TO and RBO.TO is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021 | 0.47 |
The correlation between XCBG.TO and RBO.TO has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
XCBG.TO vs. RBO.TO — Risk / Return Rank
XCBG.TO
RBO.TO
XCBG.TO vs. RBO.TO - 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 RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XCBG.TO | RBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.92 | 0.00 |
| Martin ratioReturn relative to average drawdown | 6.06 | 6.92 | -0.86 |
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Drawdowns
XCBG.TO vs. RBO.TO - Drawdown Comparison
The maximum XCBG.TO drawdown since its inception was -12.14%, smaller than the maximum RBO.TO drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for XCBG.TO and RBO.TO.
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Drawdown Indicators
| XCBG.TO | RBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.14% | -20.46% | +8.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.03% | -1.75% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -2.26% | -1.75% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.46% | — |
Current DrawdownCurrent decline from peak | -0.71% | -0.27% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -1.34% | -2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.48% | +0.16% |
Volatility
XCBG.TO vs. RBO.TO - Volatility Comparison
iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) has a higher volatility of 0.81% compared to RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) at 0.41%. This indicates that XCBG.TO's price experiences larger fluctuations and is considered to be riskier than RBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCBG.TO | RBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.41% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 1.81% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.01% | 2.18% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.19% | 2.95% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.19% | 7.74% | -3.55% |
Dividends
XCBG.TO vs. RBO.TO - Dividend Comparison
XCBG.TO's dividend yield for the trailing twelve months is around 3.97%, more than RBO.TO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBO.TO RBC 1-5 Year Laddered Canadian Corporate Bond ETF | 3.90% | 3.67% | 3.35% | 2.56% | 2.64% | 2.32% | 2.41% | 2.77% | 2.96% | 3.02% | 3.26% | 3.54% |
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 3.97% | 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 RBO.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and RBC.
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