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XEN.TO vs. XSTB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEN.TO vs. XSTB.TO

Last updated Jun 5, 2026

XEN.TO (iShares Jantzi Social Index ETF) and XSTB.TO (iShares ESG Aware Canadian Short Term Bond Index ETF) are both exchange-traded funds - XEN.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XSTB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 5 years, XEN.TO returned 15.45%/yr vs 1.95%/yr for XSTB.TO. At a 0.09 correlation, their price movements are largely independent. XEN.TO charges 0.55%/yr vs 0.17%/yr for XSTB.TO.

Performance

XEN.TO vs. XSTB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Jantzi Social Index ETF (XEN.TO) and iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XEN.TO achieves a 10.45% return, which is significantly higher than XSTB.TO's 0.99% return.

XEN.TO

1D
0.70%
1M
4.07%
YTD
10.45%
6M
10.76%
1Y
35.69%
3Y*
23.12%
5Y*
15.45%
10Y*
12.35%

XSTB.TO

1D
0.10%
1M
0.80%
YTD
0.99%
6M
0.83%
1Y
2.73%
3Y*
4.57%
5Y*
1.95%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEN.TO vs. XSTB.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XEN.TO
iShares Jantzi Social Index ETF		10.45%34.17%16.91%12.18%-3.37%28.00%-0.30%2.53%
XSTB.TO
iShares ESG Aware Canadian Short Term Bond Index ETF		0.99%3.60%5.28%4.86%-3.91%-1.12%4.95%1.18%

Correlation

The correlation between XEN.TO and XSTB.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.19

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Apr 11, 2019

0.09

Over the past year, XEN.TO and XSTB.TO have become more correlated (0.36) than their long-term average of 0.09, meaning their price movements have been converging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Jantzi Social Index ETF

iShares ESG Aware Canadian Short Term Bond Index ETF

Often compared with XEN.TO:
XEN.TO vs. GEQT.TOXEN.TO vs. XCSR.TOXEN.TO vs. XDSR.TOXEN.TO vs. VFV.TOXEN.TO vs. DMEC.TOXEN.TO vs. XIU.TOXEN.TO vs. ^GSPC
Often compared with XSTB.TO:
XSTB.TO vs. XSTH.TOXSTB.TO vs. XSAB.TOXSTB.TO vs. BNDXSTB.TO vs. XCSR.TOXSTB.TO vs. XSHG.TOXSTB.TO vs. ZST.TOXSTB.TO vs. GCNS.TO

Return for Risk

XEN.TO vs. XSTB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEN.TO
XEN.TO Risk / Return Rank: 8686
Overall Rank
XEN.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XEN.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
XEN.TO Omega Ratio Rank: 8888
Omega Ratio Rank
XEN.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
XEN.TO Martin Ratio Rank: 8888
Martin Ratio Rank
XSTB.TO
XSTB.TO Risk / Return Rank: 4242
Overall Rank
XSTB.TO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
XSTB.TO Sortino Ratio Rank: 4040
Sortino Ratio Rank
XSTB.TO Omega Ratio Rank: 4747
Omega Ratio Rank
XSTB.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
XSTB.TO Martin Ratio Rank: 3939
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XEN.TO vs. XSTB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Jantzi Social Index ETF (XEN.TO) and iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.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.

XEN.TOXSTB.TODifference
Sharpe ratioReturn per unit of total volatility
2.91
1.47

+1.44

Sortino ratioReturn per unit of downside risk
3.87
2.02

+1.85

Omega ratioGain probability vs. loss probability

1.54

1.29

+0.24

Calmar ratioReturn relative to maximum drawdown

4.19

2.03

+2.17

Martin ratioReturn relative to average drawdown

18.92

6.14

+12.78

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEN.TO vs. XSTB.TO - Sharpe Ratio Comparison

The current XEN.TO Sharpe Ratio is 2.91, which is higher than the XSTB.TO Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of XEN.TO and XSTB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XEN.TOXSTB.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.91

1.47

+1.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

0.77

+0.34

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.80

-0.36

Drawdowns

XEN.TO vs. XSTB.TO - Drawdown Comparison

The maximum XEN.TO drawdown since its inception was -49.69%, which is greater than XSTB.TO's maximum drawdown of -6.92%. Use the drawdown chart below to compare losses from any high point for XEN.TO and XSTB.TO.

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Drawdown Indicators

XEN.TOXSTB.TODifference

Max Drawdown

Largest peak-to-trough decline

-49.69%

-6.92%

-42.77%

Max Drawdown (1Y)

Largest decline over 1 year

-8.55%

-1.35%

-7.20%

Max Drawdown (3Y)

Largest decline over 3 years

-13.31%

-1.35%

-11.96%

Max Drawdown (5Y)

Largest decline over 5 years

-17.79%

-6.76%

-11.03%

Max Drawdown (10Y)

Largest decline over 10 years

-36.24%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.14%

+0.14%

Average Drawdown

Average peak-to-trough decline

-7.65%

-1.42%

-6.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

0.45%

+1.44%

Volatility

XEN.TO vs. XSTB.TO - Volatility Comparison

iShares Jantzi Social Index ETF (XEN.TO) has a higher volatility of 2.53% compared to iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.TO) at 0.69%. This indicates that XEN.TO's price experiences larger fluctuations and is considered to be riskier than XSTB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEN.TOXSTB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.53%

0.69%

+1.84%

Volatility (6M)

Calculated over the trailing 6-month period

9.88%

1.51%

+8.37%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

1.86%

+10.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.91%

2.53%

+11.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

2.72%

+12.35%

XEN.TO vs. XSTB.TO - Expense Ratio Comparison

XEN.TO has a 0.55% expense ratio, which is higher than XSTB.TO's 0.17% expense ratio.

Dividends

XEN.TO vs. XSTB.TO - Dividend Comparison

XEN.TO's dividend yield for the trailing twelve months is around 1.67%, less than XSTB.TO's 2.88% yield.

PositionTTM20252024202320222021202020192018201720162015
XEN.TO
iShares Jantzi Social Index ETF		1.67%1.83%2.29%2.46%2.60%1.73%3.72%2.13%2.31%1.75%2.07%2.57%
XSTB.TO
iShares ESG Aware Canadian Short Term Bond Index ETF		2.88%2.88%2.64%2.22%1.93%1.82%2.10%1.83%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XEN.TO and XSTB.TO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XSTB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSTB.TO is cheaper with a 0.17% expense ratio, compared with 0.55% for XEN.TO.

XEN.TO is categorized as Canada Equities, while XSTB.TO is Canadian Government Bonds. XEN.TO tracks Morningstar Canada GR CAD, while XSTB.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.55% for XEN.TO and 0.17% for XSTB.TO.

Portfolio Optimizer

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