XCBG.TO vs. XCB.TO
Compare and contrast key facts about iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) and iShares Core Canadian Corporate Bond Index ETF (XCB.TO).
XCBG.TO and XCB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCBG.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Corp Bd GR CAD. It was launched on Aug 6, 2021. XCB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Corp Bd GR CAD. It was launched on Nov 6, 2006. Both XCBG.TO and XCB.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XCBG.TO or XCB.TO.
Key characteristics
| XCBG.TO | XCB.TO | |
|---|---|---|
| YTD Return | 5.52% | 5.62% |
| 1Y Return | 10.87% | 11.88% |
| 3Y Return (Ann) | 1.64% | 1.56% |
| Sharpe Ratio | 2.52 | 2.37 |
| Sortino Ratio | 4.22 | 3.63 |
| Omega Ratio | 1.54 | 1.46 |
| Calmar Ratio | 1.58 | 1.26 |
| Martin Ratio | 16.91 | 13.97 |
| Ulcer Index | 0.64% | 0.85% |
| Daily Std Dev | 4.31% | 5.01% |
| Max Drawdown | -12.14% | -22.59% |
| Current Drawdown | -0.58% | -0.35% |
Correlation
The correlation between XCBG.TO and XCB.TO is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XCBG.TO vs. XCB.TO - Performance Comparison
The year-to-date returns for both investments are quite close, with XCBG.TO having a 5.52% return and XCB.TO slightly higher at 5.62%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XCBG.TO vs. XCB.TO - Expense Ratio Comparison
Both XCBG.TO and XCB.TO have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XCBG.TO vs. XCB.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) and iShares Core Canadian Corporate Bond Index ETF (XCB.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.
Dividends
XCBG.TO vs. XCB.TO - Dividend Comparison
XCBG.TO's dividend yield for the trailing twelve months is around 3.54%, less than XCB.TO's 3.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 3.54% | 3.19% | 2.99% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XCB.TO iShares Core Canadian Corporate Bond Index ETF | 3.95% | 3.69% | 3.55% | 3.01% | 2.75% | 2.95% | 3.10% | 3.07% | 3.19% | 3.31% | 3.44% | 3.80% |
Drawdowns
XCBG.TO vs. XCB.TO - Drawdown Comparison
The maximum XCBG.TO drawdown since its inception was -12.14%, smaller than the maximum XCB.TO drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for XCBG.TO and XCB.TO. For additional features, visit the drawdowns tool.
Volatility
XCBG.TO vs. XCB.TO - Volatility Comparison
iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) and iShares Core Canadian Corporate Bond Index ETF (XCB.TO) have volatilities of 2.20% and 2.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.