XFR.TO vs. VUSB
XFR.TO (iShares Floating Rate Index ETF) and VUSB (Vanguard Ultra-Short Bond ETF) are both exchange-traded funds - XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while VUSB is a Ultrashort Bond fund actively managed by Vanguard. XFR.TO is passively managed, while VUSB is actively managed. Over the past 5 years, XFR.TO returned 3.20%/yr vs 6.31%/yr for VUSB. At a 0.01 correlation, their price movements are largely independent. XFR.TO charges 0.14%/yr vs 0.10%/yr for VUSB.
Performance
XFR.TO vs. VUSB - Performance Comparison
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Different Trading Currencies
XFR.TO is traded in CAD, while VUSB is traded in USD. To make them comparable, the VUSB values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XFR.TO achieves a 1.00% return, which is significantly lower than VUSB's 2.29% return.
XFR.TO
- 1D
- -0.05%
- 1M
- 0.21%
- YTD
- 1.00%
- 6M
- 1.33%
- 1Y
- 2.96%
- 3Y*
- 3.98%
- 5Y*
- 3.20%
- 10Y*
- 2.24%
VUSB
- 1D
- 0.00%
- 1M
- 2.01%
- YTD
- 2.29%
- 6M
- 0.97%
- 1Y
- 5.53%
- 3Y*
- 6.43%
- 5Y*
- 6.31%
- 10Y*
- —
XFR.TO vs. VUSB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 1.00% | 3.33% | 4.57% | 5.29% | 1.82% | 0.11% |
VUSB Vanguard Ultra-Short Bond ETF | 2.69% | 0.38% | 14.76% | 3.19% | 6.74% | 0.28% |
Correlation
The correlation between XFR.TO and VUSB is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021 | 0.01 |
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Return for Risk
XFR.TO vs. VUSB — Risk / Return Rank
XFR.TO
VUSB
XFR.TO vs. VUSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.TO) and Vanguard Ultra-Short Bond ETF (VUSB). 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.
| XFR.TO | VUSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.91 | ||
| Sortino ratioReturn per unit of downside risk | +5.31 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.22 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 29.79 | 1.55 | +28.24 |
| Martin ratioReturn relative to average drawdown | 88.61 | 4.27 | +84.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XFR.TO | VUSB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.12 | 1.21 | +2.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.92 | 1.02 | +2.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.84 | +0.34 |
Drawdowns
XFR.TO vs. VUSB - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum VUSB drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for XFR.TO and VUSB.
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Drawdown Indicators
| XFR.TO | VUSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -5.16% | +1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -3.58% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -5.16% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -0.30% | -5.16% | +4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -1.57% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.30% | -1.27% |
Volatility
XFR.TO vs. VUSB - Volatility Comparison
The current volatility for iShares Floating Rate Index ETF (XFR.TO) is 0.18%, while Vanguard Ultra-Short Bond ETF (VUSB) has a volatility of 0.71%. This indicates that XFR.TO experiences smaller price fluctuations and is considered to be less risky than VUSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFR.TO | VUSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.71% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 0.48% | 3.45% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 4.59% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 6.24% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.85% | 6.23% | -4.38% |
XFR.TO vs. VUSB - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is higher than VUSB's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XFR.TO vs. VUSB - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 2.77%, less than VUSB's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUSB Vanguard Ultra-Short Bond ETF | 4.39% | 4.63% | 5.16% | 4.45% | 1.56% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% |
Frequently Asked Questions
XFR.TO and VUSB have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSB is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSB is cheaper with a 0.10% expense ratio, compared with 0.14% for XFR.TO.
XFR.TO is categorized as Canadian Government Bonds, while VUSB is Ultrashort Bond. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.14% for XFR.TO and 0.10% for VUSB.
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