XEG.TO vs. XTLH.TO
XEG.TO (iShares S&P/TSX Capped Energy Index ETF) and XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) are both exchange-traded funds - XEG.TO is a Energy Equities fund tracking the S&P/TSX Capped Energy Index, while XTLH.TO is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged). Both are passively managed. Over the past year, XEG.TO returned 47.18% vs 2.20% for XTLH.TO. At a correlation of -0.14, they often move in opposite directions. XEG.TO charges 0.60%/yr vs 0.18%/yr for XTLH.TO.
Performance
XEG.TO vs. XTLH.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 XTLH.TO's -0.61% 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%
XTLH.TO
- 1D
- -0.03%
- 1M
- 2.76%
- YTD
- -0.61%
- 6M
- -0.52%
- 1Y
- 2.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEG.TO vs. XTLH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 34.92% | 16.72% | 14.04% | -0.89% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | -0.61% | 2.61% | -9.55% | -1.06% |
Correlation
The correlation between XEG.TO and XTLH.TO is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | -0.14 |
The correlation between XEG.TO and XTLH.TO shifts across timeframes, from -0.26 (1 year) to -0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XEG.TO vs. XTLH.TO — Risk / Return Rank
XEG.TO
XTLH.TO
XEG.TO vs. XTLH.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 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.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 | XTLH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.05 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 0.26 | +4.00 |
| Martin ratioReturn relative to average drawdown | 11.99 | 0.63 | +11.35 |
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Drawdowns
XEG.TO vs. XTLH.TO - Drawdown Comparison
The maximum XEG.TO drawdown since its inception was -87.51%, which is greater than XTLH.TO's maximum drawdown of -15.86%. Use the drawdown chart below to compare losses from any high point for XEG.TO and XTLH.TO.
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Drawdown Indicators
| XEG.TO | XTLH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.51% | -15.86% | -71.65% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -8.37% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -25.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.66% | — | — |
Current DrawdownCurrent decline from peak | -10.27% | -11.50% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -34.55% | -9.14% | -25.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.49% | +0.46% |
Volatility
XEG.TO vs. XTLH.TO - Volatility Comparison
iShares S&P/TSX Capped Energy Index ETF (XEG.TO) has a higher volatility of 9.33% compared to iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) at 3.04%. This indicates that XEG.TO's price experiences larger fluctuations and is considered to be riskier than XTLH.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 | XTLH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.33% | 3.04% | +6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 19.83% | 6.56% | +13.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 9.51% | +13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.75% | 12.41% | +16.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.42% | 12.41% | +21.01% |
XEG.TO vs. XTLH.TO - Expense Ratio Comparison
XEG.TO has a 0.60% expense ratio, which is higher than XTLH.TO's 0.18% expense ratio.
Dividends
XEG.TO vs. XTLH.TO - Dividend Comparison
XEG.TO's dividend yield for the trailing twelve months is around 2.84%, less than XTLH.TO's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEG.TO iShares S&P/TSX Capped Energy Index ETF | 2.84% | 3.63% | 3.46% | 4.26% | 3.31% | 1.64% | 2.96% | 2.70% | 2.25% | 1.41% | 1.40% | 3.58% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 4.60% | 4.42% | 4.32% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XEG.TO and XTLH.TO have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTLH.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTLH.TO is cheaper with a 0.18% expense ratio, compared with 0.60% for XEG.TO.
XEG.TO is categorized as Energy Equities, while XTLH.TO is Government Bonds. XEG.TO tracks S&P/TSX Capped Energy Index, while XTLH.TO tracks ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged). Their fees differ too: 0.60% for XEG.TO and 0.18% for XTLH.TO.
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