XEI.TO vs. BND.TO
XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) and BND.TO (Purpose Global Bond Fund) are both exchange-traded funds - XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index, while BND.TO is a Global Bonds fund. XEI.TO is passively managed, while BND.TO is actively managed. Over the past 10 years, XEI.TO returned 12.00%/yr vs 3.04%/yr for BND.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
XEI.TO vs. BND.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEI.TO achieves a 23.00% return, which is significantly higher than BND.TO's 1.55% return. Over the past 10 years, XEI.TO has outperformed BND.TO with an annualized return of 12.00%, while BND.TO has yielded a comparatively lower 3.04% annualized return.
XEI.TO
- 1D
- -0.66%
- 1M
- 0.20%
- YTD
- 23.00%
- 6M
- 21.19%
- 1Y
- 38.28%
- 3Y*
- 22.55%
- 5Y*
- 14.58%
- 10Y*
- 12.00%
BND.TO
- 1D
- 0.00%
- 1M
- 0.66%
- YTD
- 1.55%
- 6M
- 1.70%
- 1Y
- 5.66%
- 3Y*
- 7.48%
- 5Y*
- 3.21%
- 10Y*
- 3.04%
XEI.TO vs. BND.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 23.00% | 20.86% | 15.26% | 6.59% | 0.32% | 35.76% | -7.60% | 25.30% | -10.95% | 7.14% |
BND.TO Purpose Global Bond Fund | 1.55% | 7.26% | 7.49% | 8.45% | -7.80% | 2.62% | 6.14% | 4.16% | -0.91% | 1.72% |
Correlation
The correlation between XEI.TO and BND.TO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2015 | 0.14 |
The correlation between XEI.TO and BND.TO shifts across timeframes, from 0.01 (1 year) to 0.21 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XEI.TO vs. BND.TO — Risk / Return Rank
XEI.TO
BND.TO
XEI.TO vs. BND.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and Purpose Global Bond Fund (BND.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.
| XEI.TO | BND.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +4.02 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.35 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 9.12 | 1.98 | +7.14 |
| Martin ratioReturn relative to average drawdown | 40.65 | 8.16 | +32.49 |
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Drawdowns
XEI.TO vs. BND.TO - Drawdown Comparison
The maximum XEI.TO drawdown since its inception was -45.52%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for XEI.TO and BND.TO.
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Drawdown Indicators
| XEI.TO | BND.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.52% | -16.55% | -28.97% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -2.87% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -9.96% | -4.46% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -17.35% | -12.43% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -45.52% | -16.55% | -28.97% |
Current DrawdownCurrent decline from peak | -1.06% | -0.11% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -2.10% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.70% | +0.24% |
Volatility
XEI.TO vs. BND.TO - Volatility Comparison
iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) has a higher volatility of 2.56% compared to Purpose Global Bond Fund (BND.TO) at 1.20%. This indicates that XEI.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEI.TO | BND.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 1.20% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.70% | 2.72% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 3.13% | +4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.29% | 5.10% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 5.15% | +10.86% |
Dividends
XEI.TO vs. BND.TO - Dividend Comparison
XEI.TO's dividend yield for the trailing twelve months is around 3.57%, less than BND.TO's 5.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.82% | 5.70% | 5.24% | 5.20% | 4.14% | 3.67% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 3.57% | 4.47% | 5.45% | 4.97% | 4.68% | 3.58% | 5.03% | 4.62% | 5.42% | 4.29% | 4.41% | 5.64% |
Frequently Asked Questions
XEI.TO and BND.TO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XEI.TO is categorized as Canada Equities, while BND.TO is Global Bonds.
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