XEB.TO vs. IXJ
XEB.TO (iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged)) and IXJ (iShares Global Healthcare ETF) are both exchange-traded funds - XEB.TO is a Emerging Markets Bonds fund tracking the J.P. Morgan EMBI Global Core Hedged in CAD Index, while IXJ is a Health & Biotech Equities fund tracking the S&P Global Healthcare Sector Index. Both are passively managed. Over the past 10 years, XEB.TO returned 1.44%/yr vs 8.81%/yr for IXJ. At a 0.18 correlation, their price movements are largely independent. XEB.TO charges 0.53%/yr vs 0.46%/yr for IXJ.
Performance
XEB.TO vs. IXJ - Performance Comparison
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Different Trading Currencies
XEB.TO is traded in CAD, while IXJ is traded in USD. To make them comparable, the IXJ values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEB.TO achieves a 0.81% return, which is significantly higher than IXJ's -1.04% return. Over the past 10 years, XEB.TO has underperformed IXJ with an annualized return of 1.44%, while IXJ has yielded a comparatively higher 8.81% annualized return.
XEB.TO
- 1D
- 0.18%
- 1M
- 0.79%
- YTD
- 0.81%
- 6M
- 0.94%
- 1Y
- 8.75%
- 3Y*
- 7.28%
- 5Y*
- -0.04%
- 10Y*
- 1.44%
IXJ
- 1D
- 3.14%
- 1M
- 5.17%
- YTD
- -1.04%
- 6M
- -1.57%
- 1Y
- 13.97%
- 3Y*
- 6.59%
- 5Y*
- 7.66%
- 10Y*
- 8.81%
XEB.TO vs. IXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEB.TO iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged) | 0.81% | 11.14% | 3.46% | 8.58% | -19.80% | -3.14% | 2.97% | 13.37% | -7.43% | 8.80% |
IXJ iShares Global Healthcare ETF | -1.04% | 9.71% | 9.19% | 1.34% | 1.84% | 18.52% | 10.84% | 17.17% | 11.55% | 12.77% |
Correlation
The correlation between XEB.TO and IXJ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2011 | 0.18 |
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Return for Risk
XEB.TO vs. IXJ — Risk / Return Rank
XEB.TO
IXJ
XEB.TO vs. IXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged) (XEB.TO) and iShares Global Healthcare ETF (IXJ). 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.
| XEB.TO | IXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.29 | +0.48 |
| Martin ratioReturn relative to average drawdown | 6.91 | 3.18 | +3.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEB.TO | IXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.95 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.58 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.60 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.89 | -0.59 |
Drawdowns
XEB.TO vs. IXJ - Drawdown Comparison
The maximum XEB.TO drawdown since its inception was -29.53%, which is greater than IXJ's maximum drawdown of -20.72%. Use the drawdown chart below to compare losses from any high point for XEB.TO and IXJ.
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Drawdown Indicators
| XEB.TO | IXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.53% | -20.72% | -8.81% |
Max Drawdown (1Y)Largest decline over 1 year | -4.94% | -10.84% | +5.90% |
Max Drawdown (3Y)Largest decline over 3 years | -8.26% | -15.39% | +7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.47% | -15.39% | -14.08% |
Max Drawdown (10Y)Largest decline over 10 years | -29.53% | -20.72% | -8.81% |
Current DrawdownCurrent decline from peak | -2.23% | -5.04% | +2.81% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -4.12% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 4.40% | -3.13% |
Volatility
XEB.TO vs. IXJ - Volatility Comparison
The current volatility for iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged) (XEB.TO) is 2.47%, while iShares Global Healthcare ETF (IXJ) has a volatility of 4.72%. This indicates that XEB.TO experiences smaller price fluctuations and is considered to be less risky than IXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEB.TO | IXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 4.72% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 4.89% | 10.74% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 14.78% | -8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.52% | 13.17% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.21% | 14.62% | -4.41% |
XEB.TO vs. IXJ - Expense Ratio Comparison
XEB.TO has a 0.53% expense ratio, which is higher than IXJ's 0.46% expense ratio.
Dividends
XEB.TO vs. IXJ - Dividend Comparison
XEB.TO's dividend yield for the trailing twelve months is around 4.97%, more than IXJ's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXJ iShares Global Healthcare ETF | 1.43% | 1.40% | 1.50% | 1.38% | 1.17% | 1.12% | 1.27% | 1.42% | 2.11% | 1.46% | 1.73% | 2.85% |
XEB.TO iShares J.P. Morgan USD Emerging Markets Bond Index ETF (CAD-Hedged) | 4.97% | 4.98% | 4.68% | 4.00% | 4.26% | 3.23% | 3.45% | 3.65% | 4.95% | 3.81% | 4.31% | 4.60% |
Frequently Asked Questions
XEB.TO and IXJ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IXJ is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IXJ is cheaper with a 0.46% expense ratio, compared with 0.53% for XEB.TO.
XEB.TO is categorized as Emerging Markets Bonds, while IXJ is Health & Biotech Equities. XEB.TO tracks J.P. Morgan EMBI Global Core Hedged in CAD Index, while IXJ tracks S&P Global Healthcare Sector Index. Their fees differ too: 0.53% for XEB.TO and 0.46% for IXJ.
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