XGB.TO vs. VGVF.DE
XGB.TO (iShares Core Canadian Government Bond Index ETF) and VGVF.DE (Vanguard FTSE Developed World UCITS ETF Acc) are both exchange-traded funds - XGB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while VGVF.DE is a Global Equities fund tracking the FTSE Developed. Both are passively managed. Over the past 5 years, XGB.TO returned 0.13%/yr vs 15.32%/yr for VGVF.DE. At a 0.09 correlation, their price movements are largely independent. XGB.TO charges 0.13%/yr vs 0.12%/yr for VGVF.DE.
Performance
XGB.TO vs. VGVF.DE - Performance Comparison
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Different Trading Currencies
XGB.TO is traded in CAD, while VGVF.DE is traded in EUR. To make them comparable, the VGVF.DE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XGB.TO achieves a 1.57% return, which is significantly lower than VGVF.DE's 13.02% return.
XGB.TO
- 1D
- 0.00%
- 1M
- 1.53%
- YTD
- 1.57%
- 6M
- 0.83%
- 1Y
- 2.46%
- 3Y*
- 3.58%
- 5Y*
- 0.13%
- 10Y*
- 1.06%
VGVF.DE
- 1D
- 0.07%
- 1M
- 6.72%
- YTD
- 13.02%
- 6M
- 12.63%
- 1Y
- 30.77%
- 3Y*
- 22.86%
- 5Y*
- 15.32%
- 10Y*
- —
XGB.TO vs. VGVF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGB.TO iShares Core Canadian Government Bond Index ETF | 1.57% | 1.65% | 3.54% | 5.57% | -12.25% | -3.11% | 5.31% |
VGVF.DE Vanguard FTSE Developed World UCITS ETF Acc | 13.02% | 17.41% | 27.46% | 21.42% | -13.19% | 21.10% | 10.41% |
Correlation
The correlation between XGB.TO and VGVF.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.09 |
Over the past year, XGB.TO and VGVF.DE have become more correlated (0.31) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
XGB.TO vs. VGVF.DE — Risk / Return Rank
XGB.TO
VGVF.DE
XGB.TO vs. VGVF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Government Bond Index ETF (XGB.TO) and Vanguard FTSE Developed World UCITS ETF Acc (VGVF.DE). 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.
| XGB.TO | VGVF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.47 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 4.25 | -3.39 |
| Martin ratioReturn relative to average drawdown | 1.86 | 16.94 | -15.08 |
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
| XGB.TO | VGVF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.62 | -2.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 1.11 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.95 | -0.43 |
Drawdowns
XGB.TO vs. VGVF.DE - Drawdown Comparison
The maximum XGB.TO drawdown since its inception was -19.53%, smaller than the maximum VGVF.DE drawdown of -27.72%. Use the drawdown chart below to compare losses from any high point for XGB.TO and VGVF.DE.
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Drawdown Indicators
| XGB.TO | VGVF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.53% | -27.72% | +8.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -7.20% | +4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.83% | -19.14% | +13.31% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -21.36% | +4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -19.53% | — | — |
Current DrawdownCurrent decline from peak | -5.25% | -0.20% | -5.05% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -4.57% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.81% | -0.48% |
Volatility
XGB.TO vs. VGVF.DE - Volatility Comparison
The current volatility for iShares Core Canadian Government Bond Index ETF (XGB.TO) is 1.71%, while Vanguard FTSE Developed World UCITS ETF Acc (VGVF.DE) has a volatility of 3.07%. This indicates that XGB.TO experiences smaller price fluctuations and is considered to be less risky than VGVF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGB.TO | VGVF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 3.07% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 8.59% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 11.69% | -7.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 13.64% | -6.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 15.27% | -9.28% |
XGB.TO vs. VGVF.DE - Expense Ratio Comparison
XGB.TO has a 0.13% expense ratio, which is higher than VGVF.DE's 0.12% 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
XGB.TO vs. VGVF.DE - Dividend Comparison
XGB.TO's dividend yield for the trailing twelve months is around 3.11%, while VGVF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGVF.DE Vanguard FTSE Developed World UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XGB.TO iShares Core Canadian Government Bond Index ETF | 3.11% | 3.11% | 2.95% | 2.73% | 2.64% | 2.25% | 2.12% | 2.32% | 2.44% | 2.41% | 2.53% | 2.62% |
Frequently Asked Questions
XGB.TO and VGVF.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGVF.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVF.DE is cheaper with a 0.12% expense ratio, compared with 0.13% for XGB.TO.
XGB.TO is categorized as Canadian Government Bonds, while VGVF.DE is Global Equities. XGB.TO tracks Morningstar Can Core Bd GR CAD, while VGVF.DE tracks FTSE Developed. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.13% for XGB.TO and 0.12% for VGVF.DE.
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