PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XFLB.TO vs. CLG.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XFLB.TO vs. CLG.TO

Last updated Jun 4, 2026

XFLB.TO (iShares Core Canadian 15+ Year Federal Bond Index ETF) and CLG.TO (iShares 1-10 Year Laddered Government Bond Index ETF) are both Canadian Government Bonds funds from iShares - XFLB.TO tracks the Morningstar Can 10+Y Core Bd GR CAD while CLG.TO tracks the Morningstar Can Core Bd GR CAD. Both are passively managed. Over the past 3 years, XFLB.TO returned -1.06%/yr vs 4.04%/yr for CLG.TO. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.17% expense ratio.

Performance

XFLB.TO vs. CLG.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB.TO) and iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XFLB.TO achieves a 2.42% return, which is significantly higher than CLG.TO's 1.12% return.

XFLB.TO

1D
0.11%
1M
3.14%
YTD
2.42%
6M
-0.48%
1Y
-0.95%
3Y*
-1.06%
5Y*
—
10Y*
—

CLG.TO

1D
-0.06%
1M
1.14%
YTD
1.12%
6M
0.59%
1Y
2.87%
3Y*
4.04%
5Y*
1.34%
10Y*
1.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XFLB.TO vs. CLG.TO - Yearly Performance Comparison

2026 (YTD)202520242023
XFLB.TO
iShares Core Canadian 15+ Year Federal Bond Index ETF		2.42%-6.17%-2.12%4.63%
CLG.TO
iShares 1-10 Year Laddered Government Bond Index ETF		1.12%3.35%4.30%3.55%

Correlation

The correlation between XFLB.TO and CLG.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.55

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

0.61

Correlation (All Time)
Calculated using the full available price history since Feb 8, 2023

0.62

The correlation between XFLB.TO and CLG.TO has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

iShares Core Canadian 15+ Year Federal Bond Index ETF

iShares 1-10 Year Laddered Government Bond Index ETF

Often compared with XFLB.TO:
XFLB.TO vs. XLB.TOXFLB.TO vs. XSH.TOXFLB.TO vs. VFV.TOXFLB.TO vs. XEQT.TOXFLB.TO vs. ZFL.TOXFLB.TO vs. CORE.TOXFLB.TO vs. TCSH.TO
Often compared with CLG.TO:
CLG.TO vs. ASACLG.TO vs. GC=FCLG.TO vs. TDB.TOCLG.TO vs. SRU-UN.TOCLG.TO vs. TCLB.TOCLG.TO vs. CBIL.TOCLG.TO vs. VAB.TO

Return for Risk

XFLB.TO vs. CLG.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XFLB.TO
XFLB.TO Risk / Return Rank: 77
Overall Rank
XFLB.TO Sharpe Ratio Rank: 88
Sharpe Ratio Rank
XFLB.TO Sortino Ratio Rank: 77
Sortino Ratio Rank
XFLB.TO Omega Ratio Rank: 77
Omega Ratio Rank
XFLB.TO Calmar Ratio Rank: 88
Calmar Ratio Rank
XFLB.TO Martin Ratio Rank: 88
Martin Ratio Rank
CLG.TO
CLG.TO Risk / Return Rank: 2727
Overall Rank
CLG.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
CLG.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
CLG.TO Omega Ratio Rank: 2626
Omega Ratio Rank
CLG.TO Calmar Ratio Rank: 3131
Calmar Ratio Rank
CLG.TO Martin Ratio Rank: 2727
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.

XFLB.TO vs. CLG.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB.TO) and iShares 1-10 Year Laddered Government Bond Index ETF (CLG.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.

XFLB.TOCLG.TODifference
Sharpe ratioReturn per unit of total volatility
-0.09
0.96

-1.05

Sortino ratioReturn per unit of downside risk
-0.06
1.32

-1.38

Omega ratioGain probability vs. loss probability

0.99

1.18

-0.18

Calmar ratioReturn relative to maximum drawdown

-0.14

1.49

-1.63

Martin ratioReturn relative to average drawdown

-0.23

3.71

-3.95

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

XFLB.TO vs. CLG.TO - Sharpe Ratio Comparison

The current XFLB.TO Sharpe Ratio is -0.09, which is lower than the CLG.TO Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of XFLB.TO and CLG.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.

Loading charts...

Sharpe Ratios by Period

XFLB.TOCLG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.09

0.96

-1.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.31

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.35

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.03

0.54

-0.57

Drawdowns

XFLB.TO vs. CLG.TO - Drawdown Comparison

The maximum XFLB.TO drawdown since its inception was -20.54%, which is greater than CLG.TO's maximum drawdown of -10.74%. Use the drawdown chart below to compare losses from any high point for XFLB.TO and CLG.TO.

Loading charts...

Drawdown Indicators

XFLB.TOCLG.TODifference

Max Drawdown

Largest peak-to-trough decline

-20.54%

-10.74%

-9.80%

Max Drawdown (1Y)

Largest decline over 1 year

-7.04%

-1.93%

-5.11%

Max Drawdown (3Y)

Largest decline over 3 years

-15.61%

-3.38%

-12.23%

Max Drawdown (5Y)

Largest decline over 5 years

—

-9.96%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-10.74%

—

Current Drawdown

Current decline from peak

-9.31%

-0.56%

-8.75%

Average Drawdown

Average peak-to-trough decline

-8.16%

-2.00%

-6.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.09%

0.77%

+3.32%

Volatility

XFLB.TO vs. CLG.TO - Volatility Comparison

iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB.TO) has a higher volatility of 3.80% compared to iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO) at 1.13%. This indicates that XFLB.TO's price experiences larger fluctuations and is considered to be riskier than CLG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XFLB.TOCLG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

1.13%

+2.67%

Volatility (6M)

Calculated over the trailing 6-month period

8.15%

2.34%

+5.81%

Volatility (1Y)

Calculated over the trailing 1-year period

10.27%

3.00%

+7.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.65%

4.31%

+11.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.65%

4.34%

+11.31%

XFLB.TO vs. CLG.TO - Expense Ratio Comparison

Both XFLB.TO and CLG.TO have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XFLB.TO vs. CLG.TO - Dividend Comparison

XFLB.TO's dividend yield for the trailing twelve months is around 3.06%, more than CLG.TO's 2.54% yield.

PositionTTM20252024202320222021202020192018201720162015
CLG.TO
iShares 1-10 Year Laddered Government Bond Index ETF		2.54%2.54%2.53%2.51%2.55%2.61%2.59%2.88%3.02%3.17%3.25%3.34%
XFLB.TO
iShares Core Canadian 15+ Year Federal Bond Index ETF		3.06%3.05%2.72%2.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XFLB.TO and CLG.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.17% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XFLB.TO and CLG.TO have the same expense ratio: 0.17% per year.

XFLB.TO tracks Morningstar Can 10+Y Core Bd GR CAD, while CLG.TO tracks Morningstar Can Core Bd GR CAD.

Portfolio Optimizer

Find the right allocation for XFLB.TO and CLG.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer