XEG.TO vs. XBB.TO
XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and XBB.TO (iShares Core Canadian Universe Bond Index ETF) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while XBB.TO is a Intermediate Core Bond fund tracking the FTSE Canada Universe Bond Index. Both are passively managed. Over the past 10 years, XEG.TO returned 11.38%/yr vs 1.63%/yr for XBB.TO. At a correlation of -0.21, they often move in opposite directions. XEG.TO charges 0.60%/yr vs 0.10%/yr for XBB.TO.
Performance
XEG.TO vs. XBB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEG.TO achieves a 34.92% return, which is significantly higher than XBB.TO's 1.72% return. Over the past 10 years, XEG.TO has outperformed XBB.TO with an annualized return of 11.38%, while XBB.TO has yielded a comparatively lower 1.63% annualized return.
XEG.TO
- 1D
- -2.61%
- 1M
- -8.19%
- YTD
- 34.92%
- 6M
- 35.69%
- 1Y
- 47.18%
- 3Y*
- 25.66%
- 5Y*
- 27.13%
- 10Y*
- 11.38%
XBB.TO
- 1D
- 0.07%
- 1M
- 2.10%
- YTD
- 1.72%
- 6M
- 1.94%
- 1Y
- 4.05%
- 3Y*
- 4.40%
- 5Y*
- 0.73%
- 10Y*
- 1.63%
XEG.TO vs. XBB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 34.92% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 1.72% | 2.59% | 4.00% | 6.64% | -11.66% | -2.81% | 8.58% | 7.28% | 1.00% | 2.42% |
Correlation
The correlation between XEG.TO and XBB.TO is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | -0.21 |
The correlation between XEG.TO and XBB.TO shifts across timeframes, from -0.30 (1 year) to -0.13 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XEG.TO vs. XBB.TO — Risk / Return Rank
XEG.TO
XBB.TO
XEG.TO vs. XBB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Capped Energy Index ETF (XEG.TO) and iShares Core Canadian Universe Bond Index ETF (XBB.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.
| XEG.TO | XBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.16 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 1.49 | +2.77 |
| Martin ratioReturn relative to average drawdown | 11.99 | 3.47 | +8.51 |
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Drawdowns
XEG.TO vs. XBB.TO - Drawdown Comparison
The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than XBB.TO's maximum drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for XEG.TO and XBB.TO.
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Drawdown Indicators
| XEG.TO | XBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -18.16% | -69.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -2.73% | -8.39% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -5.42% | -20.25% |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | -15.90% | -12.52% |
Max Drawdown (10Y)Largest decline over 10 years | -79.66% | -18.16% | -61.50% |
Current DrawdownCurrent decline from peak | -10.27% | -1.18% | -9.09% |
Average DrawdownAverage peak-to-trough decline | -34.55% | -3.07% | -31.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 1.17% | +2.78% |
Volatility
XEG.TO vs. XBB.TO - Volatility Comparison
iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 9.33% compared to iShares Core Canadian Universe Bond Index ETF (XBB.TO) at 1.44%. This indicates that XEG.TO's price experiences larger fluctuations and is considered to be riskier than XBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEG.TO | XBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.33% | 1.44% | +7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.83% | 3.26% | +16.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 4.37% | +18.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.75% | 6.63% | +22.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.42% | 6.70% | +26.72% |
XEG.TO vs. XBB.TO - Expense Ratio Comparison
XEG.TO has a 0.60% expense ratio, which is higher than XBB.TO's 0.10% expense ratio.
Dividends
XEG.TO vs. XBB.TO - Dividend Comparison
XEG.TO's dividend yield for the trailing twelve months is around 2.84%, less than XBB.TO's 3.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.40% | 3.39% | 3.25% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% |
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.84% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
Frequently Asked Questions
XEG.TO and XBB.TO have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBB.TO is cheaper with a 0.10% expense ratio, compared with 0.60% for XEG.TO.
XEG.TO is categorized as Energy Equities, while XBB.TO is Intermediate Core Bond. XEG.TO tracks S&P/TSX Capped Energy Index, while XBB.TO tracks FTSE Canada Universe Bond Index. Their fees differ too: 0.60% for XEG.TO and 0.10% for XBB.TO.
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