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

XCBG.TO vs. RUSB.TO

Last updated Jul 18, 2026
Documentation

XCBG.TO (iShares ESG Advanced Canadian Corporate Bond Index ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both exchange-traded funds - XCBG.TO is a Corporate Bonds fund tracking the Morningstar Can Corp Bd GR CAD, while RUSB.TO is a Short-Term Bond fund actively managed by RBC. XCBG.TO is passively managed, while RUSB.TO is actively managed. Over the past 3 years, XCBG.TO returned 5.88%/yr vs 7.50%/yr for RUSB.TO. At a 0.11 correlation, their price movements are largely independent.

Performance

XCBG.TO vs. RUSB.TO - 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 RBC Short Term U.S. Corporate Bond ETF (RUSB.TO). The values are adjusted to include any dividend payments, if applicable.

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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 RUSB.TO's 3.05% return.

XCBG.TO

1D
-0.05%
1M
-0.33%
6M
0.57%
YTD
1.23%
1Y
3.87%
3Y*
5.88%
5Y*
—
10Y*
—

RUSB.TO

1D
-0.09%
1M
-0.28%
6M
1.59%
YTD
3.05%
1Y
6.15%
3Y*
7.50%
5Y*
4.55%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCBG.TO vs. RUSB.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index ETF		1.23%4.21%6.79%7.45%-7.40%-1.10%
RUSB.TO
RBC Short Term U.S. Corporate Bond ETF		3.05%1.61%13.88%3.94%-0.28%1.45%

Correlation

The correlation between XCBG.TO and RUSB.TO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.02

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

0.12

Correlation (All Time)
Calculated using the full available price history since Jul 27, 2021

0.11

The correlation between XCBG.TO and RUSB.TO shifts across timeframes, from -0.02 (1 year) to 0.12 (3 years), reflecting how their relationship changes across market environments.

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iShares ESG Advanced Canadian Corporate Bond Index ETF

RBC Short Term U.S. Corporate Bond ETF

Often compared with XCBG.TO:
XCBG.TO vs. XCB.TOXCBG.TO vs. XHB.TOXCBG.TO vs. ZMMK.TOXCBG.TO vs. XSHG.TOXCBG.TO vs. GEQT.TOXCBG.TO vs. XSTH.TOXCBG.TO vs. ZAG.TO
Often compared with RUSB.TO:
RUSB.TO vs. DCS.TORUSB.TO vs. MCSB.TORUSB.TO vs. QSB.TORUSB.TO vs. RBO.TORUSB.TO vs. RQP.TORUSB.TO vs. TUSB.TORUSB.TO vs. ZSDB.TO

Return for Risk

XCBG.TO vs. RUSB.TO — 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: 4747
Overall Rank
XCBG.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XCBG.TO Sortino Ratio Rank: 4646
Sortino Ratio Rank
XCBG.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XCBG.TO Calmar Ratio Rank: 4848
Calmar Ratio Rank
XCBG.TO Martin Ratio Rank: 4747
Martin Ratio Rank
RUSB.TO
RUSB.TO Risk / Return Rank: 3737
Overall Rank
RUSB.TO Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
RUSB.TO Sortino Ratio Rank: 3333
Sortino Ratio Rank
RUSB.TO Omega Ratio Rank: 4040
Omega Ratio Rank
RUSB.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
RUSB.TO Martin Ratio Rank: 3333
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. RUSB.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 Short Term U.S. Corporate Bond ETF (RUSB.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.TORUSB.TODifference
Sharpe ratioReturn per unit of total volatility
1.30
0.97

+0.33

Sortino ratioReturn per unit of downside risk
1.85
1.38

+0.47

Omega ratioGain probability vs. loss probability

1.24

1.21

+0.03

Calmar ratioReturn relative to maximum drawdown

1.92

1.72

+0.21

Martin ratioReturn relative to average drawdown

6.06

3.74

+2.32

XCBG.TO vs. RUSB.TO - Sharpe Ratio Comparison

The current XCBG.TO Sharpe Ratio is 1.30, which is higher than the RUSB.TO Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of XCBG.TO and RUSB.TO, 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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Drawdowns

XCBG.TO vs. RUSB.TO - Drawdown Comparison

The maximum XCBG.TO drawdown since its inception was -12.14%, smaller than the maximum RUSB.TO drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for XCBG.TO and RUSB.TO.

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Drawdown Indicators

XCBG.TORUSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-12.14%

-14.28%

+2.14%

Max Drawdown (1Y)

Largest decline over 1 year

-2.03%

-3.60%

+1.57%

Max Drawdown (3Y)

Largest decline over 3 years

-2.26%

-5.26%

+3.00%

Max Drawdown (5Y)

Largest decline over 5 years

—

-8.10%

—

Current Drawdown

Current decline from peak

-0.71%

-1.81%

+1.10%

Average Drawdown

Average peak-to-trough decline

-3.47%

-4.11%

+0.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.64%

1.65%

-1.01%

Volatility

XCBG.TO vs. RUSB.TO - Volatility Comparison

The current volatility for iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) is 0.81%, while RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a volatility of 1.69%. This indicates that XCBG.TO experiences smaller price fluctuations and is considered to be less risky than RUSB.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.TORUSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.81%

1.69%

-0.88%

Volatility (6M)

Calculated over the trailing 6-month period

2.37%

4.13%

-1.76%

Volatility (1Y)

Calculated over the trailing 1-year period

3.01%

6.37%

-3.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.19%

6.95%

-2.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.19%

6.95%

-2.76%

Dividends

XCBG.TO vs. RUSB.TO - Dividend Comparison

XCBG.TO's dividend yield for the trailing twelve months is around 3.97%, less than RUSB.TO's 4.14% yield.

PositionTTM202520242023202220212020201920182017
RUSB.TO
RBC Short Term U.S. Corporate Bond ETF		4.14%3.96%3.38%3.26%2.48%2.30%2.78%2.80%1.90%0.41%
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%

Frequently Asked Questions

XCBG.TO and RUSB.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XCBG.TO is categorized as Corporate Bonds, while RUSB.TO is Short-Term Bond. They also come from different issuers: iShares and RBC.

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