XFLI.TO vs. NHYB.TO
XFLI.TO (iShares Flexible Monthly Income ETF CAD) and NHYB.TO (NBI High Yield Bond ETF) are both High Yield Bonds funds. Both are actively managed. Over the past year, XFLI.TO returned 8.64% vs 3.81% for NHYB.TO. At a correlation of -0.04, they often move in opposite directions.
Performance
XFLI.TO vs. NHYB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XFLI.TO achieves a 4.52% return, which is significantly higher than NHYB.TO's 1.07% return.
XFLI.TO
- 1D
- 0.05%
- 1M
- 2.66%
- 6M
- 4.52%
- YTD
- 4.52%
- 1Y
- 8.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NHYB.TO
- 1D
- 0.19%
- 1M
- 0.79%
- 6M
- 1.44%
- YTD
- 1.07%
- 1Y
- 3.81%
- 3Y*
- 7.83%
- 5Y*
- 3.08%
- 10Y*
- —
XFLI.TO vs. NHYB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFLI.TO iShares Flexible Monthly Income ETF CAD | 4.52% | 2.07% | 6.23% |
NHYB.TO NBI High Yield Bond ETF | 1.07% | 7.23% | 0.60% |
Correlation
The correlation between XFLI.TO and NHYB.TO is -0.02, 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 | -0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024 | -0.04 |
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Return for Risk
XFLI.TO vs. NHYB.TO — Risk / Return Rank
XFLI.TO
NHYB.TO
XFLI.TO vs. NHYB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Flexible Monthly Income ETF CAD (XFLI.TO) and NBI High Yield Bond ETF (NHYB.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.
| XFLI.TO | NHYB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.13 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.48 | +0.61 |
| Martin ratioReturn relative to average drawdown | 4.51 | 5.24 | -0.73 |
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Drawdowns
XFLI.TO vs. NHYB.TO - Drawdown Comparison
The maximum XFLI.TO drawdown since its inception was -6.92%, smaller than the maximum NHYB.TO drawdown of -21.70%. Use the drawdown chart below to compare losses from any high point for XFLI.TO and NHYB.TO.
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Drawdown Indicators
| XFLI.TO | NHYB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.92% | -21.70% | +14.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -2.42% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.85% | — |
Current DrawdownCurrent decline from peak | -0.82% | 0.00% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -3.81% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 0.69% | +1.23% |
Volatility
XFLI.TO vs. NHYB.TO - Volatility Comparison
iShares Flexible Monthly Income ETF CAD (XFLI.TO) has a higher volatility of 2.22% compared to NBI High Yield Bond ETF (NHYB.TO) at 0.90%. This indicates that XFLI.TO's price experiences larger fluctuations and is considered to be riskier than NHYB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFLI.TO | NHYB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 0.90% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 3.70% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.56% | 5.34% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.36% | 8.31% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.36% | 11.89% | -5.53% |
Dividends
XFLI.TO vs. NHYB.TO - Dividend Comparison
XFLI.TO's dividend yield for the trailing twelve months is around 5.38%, less than NHYB.TO's 5.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
NHYB.TO NBI High Yield Bond ETF | 5.49% | 5.52% | 5.65% | 6.06% | 6.23% | 5.80% | 3.55% |
XFLI.TO iShares Flexible Monthly Income ETF CAD | 5.38% | 5.69% | 2.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XFLI.TO and NHYB.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and National Bank Investments.
Find the right allocation for XFLI.TO and NHYB.TO
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