XFR.TO vs. XBB.TO
Compare and contrast key facts about iShares Floating Rate Index ETF (XFR.TO) and iShares Core Canadian Universe Bond Index ETF (XBB.TO).
XFR.TO and XBB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XFR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Dec 6, 2011. XBB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Core Bd GR CAD. It was launched on Nov 20, 2000. Both XFR.TO and XBB.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XFR.TO or XBB.TO.
Key characteristics
| XFR.TO | XBB.TO | |
|---|---|---|
| YTD Return | 3.42% | 3.84% |
| 1Y Return | 4.86% | 11.65% |
| 3Y Return (Ann) | 3.54% | -0.61% |
| 5Y Return (Ann) | 2.47% | 0.52% |
| 10Y Return (Ann) | 1.82% | 2.15% |
| Sharpe Ratio | 5.35 | 1.64 |
| Daily Std Dev | 0.91% | 6.60% |
| Max Drawdown | -4.12% | -18.16% |
| Current Drawdown | 0.00% | -5.44% |
Correlation
The correlation between XFR.TO and XBB.TO is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XFR.TO vs. XBB.TO - Performance Comparison
In the year-to-date period, XFR.TO achieves a 3.42% return, which is significantly lower than XBB.TO's 3.84% return. Over the past 10 years, XFR.TO has underperformed XBB.TO with an annualized return of 1.82%, while XBB.TO has yielded a comparatively higher 2.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XFR.TO vs. XBB.TO - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is higher than XBB.TO'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%.
Risk-Adjusted Performance
XFR.TO vs. XBB.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.TO) and iShares Core Canadian Universe Bond Index ETF (XBB.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.
Dividends
XFR.TO vs. XBB.TO - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 5.15%, more than XBB.TO's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 5.15% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% | 1.22% | 1.27% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.14% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% | 3.04% | 3.32% |
Drawdowns
XFR.TO vs. XBB.TO - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum XBB.TO drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for XFR.TO and XBB.TO. For additional features, visit the drawdowns tool.
Volatility
XFR.TO vs. XBB.TO - Volatility Comparison
The current volatility for iShares Floating Rate Index ETF (XFR.TO) is 1.38%, while iShares Core Canadian Universe Bond Index ETF (XBB.TO) has a volatility of 2.03%. This indicates that XFR.TO experiences smaller price fluctuations and is considered to be less risky than XBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.