XDIV.TO vs. XSB.TO
XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while XSB.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, XDIV.TO returned 17.21%/yr vs 2.05%/yr for XSB.TO. At a 0.05 correlation, their price movements are largely independent. XDIV.TO charges 0.11%/yr vs 0.10%/yr for XSB.TO.
Performance
XDIV.TO vs. XSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDIV.TO achieves a 21.85% return, which is significantly higher than XSB.TO's 1.18% return.
XDIV.TO
- 1D
- 0.57%
- 1M
- 4.75%
- YTD
- 21.85%
- 6M
- 20.22%
- 1Y
- 40.47%
- 3Y*
- 24.13%
- 5Y*
- 17.21%
- 10Y*
- —
XSB.TO
- 1D
- 0.00%
- 1M
- 0.82%
- YTD
- 1.18%
- 6M
- 1.40%
- 1Y
- 3.30%
- 3Y*
- 4.97%
- 5Y*
- 2.05%
- 10Y*
- 1.97%
XDIV.TO vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 21.85% | 25.04% | 19.84% | 11.95% | 0.49% | 33.31% | -7.53% | 25.14% | -9.81% | 8.00% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.18% | 3.70% | 5.87% | 4.67% | -4.04% | -1.11% | 5.20% | 3.20% | 1.60% | -0.76% |
Correlation
The correlation between XDIV.TO and XSB.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017 | 0.05 |
The correlation between XDIV.TO and XSB.TO shifts across timeframes, from 0.05 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDIV.TO vs. XSB.TO — Risk / Return Rank
XDIV.TO
XSB.TO
XDIV.TO vs. XSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.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.
| XDIV.TO | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.52 | ||
| Sortino ratioReturn per unit of downside risk | +5.28 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.32 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 17.55 | 2.20 | +15.36 |
| Martin ratioReturn relative to average drawdown | 59.35 | 7.28 | +52.06 |
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Drawdowns
XDIV.TO vs. XSB.TO - Drawdown Comparison
The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and XSB.TO.
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Drawdown Indicators
| XDIV.TO | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.29% | -8.65% | -32.64% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -1.47% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -10.53% | -1.47% | -9.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.33% | -6.99% | -10.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.65% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -0.79% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 0.44% | +0.25% |
Volatility
XDIV.TO vs. XSB.TO - Volatility Comparison
iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) has a higher volatility of 2.47% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.71%. This indicates that XDIV.TO's price experiences larger fluctuations and is considered to be riskier than XSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDIV.TO | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 0.71% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 1.61% | +4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.95% | 2.00% | +5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 2.72% | +7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 3.40% | +12.93% |
XDIV.TO vs. XSB.TO - Expense Ratio Comparison
XDIV.TO has a 0.11% expense ratio, which is higher than XSB.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
XDIV.TO vs. XSB.TO - Dividend Comparison
XDIV.TO's dividend yield for the trailing twelve months is around 3.25%, more than XSB.TO's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.25% | 3.90% | 4.50% | 4.42% | 4.15% | 3.76% | 4.85% | 4.24% | 5.13% | 1.92% | 0.00% | 0.00% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.10% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
Frequently Asked Questions
XDIV.TO and XSB.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSB.TO is cheaper with a 0.10% expense ratio, compared with 0.11% for XDIV.TO.
XDIV.TO is categorized as Dividend, while XSB.TO is Canadian Government Bonds. XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while XSB.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.11% for XDIV.TO and 0.10% for XSB.TO.
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