XEG.TO vs. XSB.TO
XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while XSB.TO is a Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. Both are passively managed. Over the past 10 years, XEG.TO returned 11.01%/yr vs 1.96%/yr for XSB.TO. At a correlation of -0.16, they often move in opposite directions. XEG.TO charges 0.60%/yr vs 0.10%/yr for XSB.TO.
Performance
XEG.TO vs. XSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEG.TO achieves a 36.97% return, which is significantly higher than XSB.TO's 1.02% return. Over the past 10 years, XEG.TO has outperformed XSB.TO with an annualized return of 11.01%, while XSB.TO has yielded a comparatively lower 1.96% annualized return.
XEG.TO
- 1D
- 3.17%
- 1M
- -1.12%
- 6M
- 36.90%
- YTD
- 36.97%
- 1Y
- 53.60%
- 3Y*
- 25.33%
- 5Y*
- 29.44%
- 10Y*
- 11.01%
XSB.TO
- 1D
- -0.15%
- 1M
- -0.15%
- 6M
- 0.83%
- YTD
- 1.02%
- 1Y
- 3.02%
- 3Y*
- 4.82%
- 5Y*
- 2.06%
- 10Y*
- 1.96%
XEG.TO vs. XSB.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 | 36.97% | 16.72% | 14.04% | 3.55% | 53.25% | 83.71% | -34.44% | 9.04% | -27.05% | -11.17% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.02% | 3.70% | 5.87% | 4.67% | -4.04% | -1.11% | 5.20% | 3.20% | 1.60% | 0.13% |
Correlation
The correlation between XEG.TO and XSB.TO is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2006 | -0.16 |
Over the past year, the inverse relationship between XEG.TO and XSB.TO has strengthened: their correlation has moved from -0.16 to -0.38, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
XEG.TO vs. XSB.TO — Risk / Return Rank
XEG.TO
XSB.TO
XEG.TO vs. XSB.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 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.
| XEG.TO | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.06 | +1.21 |
| Martin ratioReturn relative to average drawdown | 10.24 | 7.00 | +3.24 |
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Drawdowns
XEG.TO vs. XSB.TO - Drawdown Comparison
The maximum XEG.TO drawdown since its inception was -87.51%, 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 XEG.TO and XSB.TO.
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Drawdown Indicators
| XEG.TO | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -8.65% | -78.86% |
Max Drawdown (1Y)Largest decline over 1 year | -16.47% | -1.47% | -15.00% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | -1.47% | -24.20% |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | -6.99% | -21.43% |
Max Drawdown (10Y)Largest decline over 10 years | -79.66% | -8.65% | -71.01% |
Current DrawdownCurrent decline from peak | -8.90% | -0.48% | -8.42% |
Average DrawdownAverage peak-to-trough decline | -34.56% | -0.79% | -33.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 0.43% | +4.82% |
Volatility
XEG.TO vs. XSB.TO - Volatility Comparison
iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 8.38% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.59%. This indicates that XEG.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
| XEG.TO | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.38% | 0.59% | +7.79% |
Volatility (6M)Calculated over the trailing 6-month period | 20.07% | 1.69% | +18.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 2.03% | +21.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.70% | 2.73% | +25.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.41% | 3.40% | +30.01% |
XEG.TO vs. XSB.TO - Expense Ratio Comparison
XEG.TO has a 0.60% expense ratio, which is higher than XSB.TO's 0.10% expense ratio.
Dividends
XEG.TO vs. XSB.TO - Dividend Comparison
XEG.TO's dividend yield for the trailing twelve months is around 2.69%, less than XSB.TO's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.69% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.11% | 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
XEG.TO and XSB.TO have a correlation of -0.38, 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 0.60% for XEG.TO.
XEG.TO is categorized as Energy Equities, while XSB.TO is Short-Term Bond. XEG.TO tracks S&P/TSX Capped Energy Index, while XSB.TO tracks FTSE Canada Short Term Overall Bond Index. Their fees differ too: 0.60% for XEG.TO and 0.10% for XSB.TO.
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