XDG.TO vs. XSH.TO
XDG.TO (iShares Core MSCI Global Quality Dividend Index ETF) and XSH.TO (iShares Core Canadian Short Term Corporate Bond Index ETF) are both exchange-traded funds - XDG.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD, while XSH.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 5 years, XDG.TO returned 11.34%/yr vs 2.86%/yr for XSH.TO. At a 0.12 correlation, their price movements are largely independent. XDG.TO charges 0.22%/yr vs 0.10%/yr for XSH.TO.
Performance
XDG.TO vs. XSH.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XDG.TO achieves a 9.07% return, which is significantly higher than XSH.TO's 1.33% return.
XDG.TO
- 1D
- 0.00%
- 1M
- 3.72%
- YTD
- 9.07%
- 6M
- 8.39%
- 1Y
- 19.79%
- 3Y*
- 15.60%
- 5Y*
- 11.34%
- 10Y*
- —
XSH.TO
- 1D
- 0.00%
- 1M
- 1.13%
- YTD
- 1.33%
- 6M
- 1.34%
- 1Y
- 3.85%
- 3Y*
- 6.05%
- 5Y*
- 2.86%
- 10Y*
- 2.82%
XDG.TO vs. XSH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF | 9.07% | 13.74% | 17.44% | 7.06% | 1.78% | 15.16% | -1.68% | 17.32% | 0.98% | 2.14% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 1.33% | 4.61% | 7.11% | 6.80% | -4.52% | -0.81% | 6.28% | 5.02% | 1.28% | -0.34% |
Correlation
The correlation between XDG.TO and XSH.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017 | 0.12 |
The correlation between XDG.TO and XSH.TO shifts across timeframes, from 0.12 (all time) to 0.23 (3 years), 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
XDG.TO vs. XSH.TO — Risk / Return Rank
XDG.TO
XSH.TO
XDG.TO vs. XSH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) and iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.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.
| XDG.TO | XSH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.57 | -0.04 |
| Martin ratioReturn relative to average drawdown | 9.02 | 10.05 | -1.03 |
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
| XDG.TO | XSH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 1.79 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | 1.02 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.74 | -0.04 |
Drawdowns
XDG.TO vs. XSH.TO - Drawdown Comparison
The maximum XDG.TO drawdown since its inception was -27.08%, which is greater than XSH.TO's maximum drawdown of -14.24%. Use the drawdown chart below to compare losses from any high point for XDG.TO and XSH.TO.
Loading charts...
Drawdown Indicators
| XDG.TO | XSH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.08% | -14.24% | -12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -1.51% | -6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.33% | -1.51% | -10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -12.33% | -7.80% | -4.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -1.95% | 0.00% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -0.93% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 0.38% | +1.82% |
Volatility
XDG.TO vs. XSH.TO - Volatility Comparison
iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) has a higher volatility of 3.12% compared to iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) at 0.80%. This indicates that XDG.TO's price experiences larger fluctuations and is considered to be riskier than XSH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XDG.TO | XSH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 0.80% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 1.83% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 2.16% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 2.83% | +7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.14% | 4.42% | +8.72% |
XDG.TO vs. XSH.TO - Expense Ratio Comparison
XDG.TO has a 0.22% expense ratio, which is higher than XSH.TO's 0.10% 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
XDG.TO vs. XSH.TO - Dividend Comparison
XDG.TO's dividend yield for the trailing twelve months is around 2.82%, less than XSH.TO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF | 2.82% | 2.89% | 2.90% | 3.13% | 3.27% | 2.97% | 3.27% | 3.18% | 3.47% | 1.67% | 0.00% | 0.00% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.89% | 3.82% | 3.64% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% |
Frequently Asked Questions
XDG.TO and XSH.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSH.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSH.TO is cheaper with a 0.10% expense ratio, compared with 0.22% for XDG.TO.
XDG.TO is categorized as Global Equities, while XSH.TO is Canadian Government Bonds. XDG.TO tracks Morningstar Gbl GR CAD, while XSH.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.22% for XDG.TO and 0.10% for XSH.TO.
Find the right allocation for XDG.TO and XSH.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