XFR.TO vs. XSTB.TO
XFR.TO (iShares Floating Rate Index ETF) and XSTB.TO (iShares ESG Aware Canadian Short Term Bond Index ETF) are both Canadian Government Bonds funds from iShares tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 5 years, XFR.TO returned 3.29%/yr vs 1.98%/yr for XSTB.TO. At a 0.03 correlation, their price movements are largely independent. XFR.TO charges 0.14%/yr vs 0.17%/yr for XSTB.TO.
Performance
XFR.TO vs. XSTB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XFR.TO achieves a 1.36% return, which is significantly higher than XSTB.TO's 1.02% return.
XFR.TO
- 1D
- 0.05%
- 1M
- 0.21%
- 6M
- 1.31%
- YTD
- 1.36%
- 1Y
- 2.87%
- 3Y*
- 3.91%
- 5Y*
- 3.29%
- 10Y*
- 2.27%
XSTB.TO
- 1D
- 0.05%
- 1M
- -0.07%
- 6M
- 0.77%
- YTD
- 1.02%
- 1Y
- 2.85%
- 3Y*
- 4.63%
- 5Y*
- 1.98%
- 10Y*
- —
XFR.TO vs. XSTB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 1.36% | 3.33% | 4.57% | 5.29% | 1.81% | 0.15% | 0.98% | 1.45% |
XSTB.TO iShares ESG Aware Canadian Short Term Bond Index ETF | 1.02% | 3.60% | 5.28% | 4.86% | -3.91% | -1.12% | 4.95% | 1.59% |
Correlation
The correlation between XFR.TO and XSTB.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019 | 0.03 |
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Return for Risk
XFR.TO vs. XSTB.TO — Risk / Return Rank
XFR.TO
XSTB.TO
XFR.TO vs. XSTB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.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.
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.
| XFR.TO | XSTB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.46 | ||
| Sortino ratioReturn per unit of downside risk | +4.61 | ||
| Omega ratioGain probability vs. loss probability | 1.97 | 1.32 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 28.86 | 2.12 | +26.74 |
| Martin ratioReturn relative to average drawdown | 86.00 | 6.69 | +79.30 |
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Drawdowns
XFR.TO vs. XSTB.TO - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum XSTB.TO drawdown of -6.92%. Use the drawdown chart below to compare losses from any high point for XFR.TO and XSTB.TO.
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Drawdown Indicators
| XFR.TO | XSTB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -6.92% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -1.35% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -1.35% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -0.30% | -6.76% | +6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.35% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -1.38% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.43% | -0.40% |
Volatility
XFR.TO vs. XSTB.TO - Volatility Comparison
The current volatility for iShares Floating Rate Index ETF (XFR.TO) is 0.21%, while iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.TO) has a volatility of 0.40%. This indicates that XFR.TO experiences smaller price fluctuations and is considered to be less risky 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
| XFR.TO | XSTB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.40% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 0.44% | 1.46% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.71% | 1.82% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.84% | 2.54% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.86% | 2.70% | -0.84% |
XFR.TO vs. XSTB.TO - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is lower than XSTB.TO's 0.17% expense ratio. Despite the difference, 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. XSTB.TO - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 2.73%, less than XSTB.TO's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 2.73% | 3.23% | 4.93% | 4.91% | 1.84% | 0.30% | 1.07% | 1.99% | 1.64% | 0.92% | 0.65% | 0.95% |
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
XFR.TO and XSTB.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.17% for XSTB.TO.
Both ETFs track Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.14% for XFR.TO and 0.17% for XSTB.TO.
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