XGB.TO vs. VOO
Compare and contrast key facts about iShares Core Canadian Government Bond Index ETF (XGB.TO) and Vanguard S&P 500 ETF (VOO).
XGB.TO and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XGB.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 6, 2006. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both XGB.TO and VOO 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: XGB.TO or VOO.
Key characteristics
| XGB.TO | VOO | |
|---|---|---|
| YTD Return | 3.33% | 27.15% |
| 1Y Return | 9.65% | 39.90% |
| 3Y Return (Ann) | -0.86% | 10.28% |
| 5Y Return (Ann) | 0.09% | 16.00% |
| 10Y Return (Ann) | 1.59% | 13.43% |
| Sharpe Ratio | 1.36 | 3.15 |
| Sortino Ratio | 2.00 | 4.19 |
| Omega Ratio | 1.24 | 1.59 |
| Calmar Ratio | 0.52 | 4.60 |
| Martin Ratio | 4.24 | 21.00 |
| Ulcer Index | 2.04% | 1.85% |
| Daily Std Dev | 6.37% | 12.34% |
| Max Drawdown | -19.53% | -33.99% |
| Current Drawdown | -8.42% | 0.00% |
Correlation
The correlation between XGB.TO and VOO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XGB.TO vs. VOO - Performance Comparison
In the year-to-date period, XGB.TO achieves a 3.33% return, which is significantly lower than VOO's 27.15% return. Over the past 10 years, XGB.TO has underperformed VOO with an annualized return of 1.59%, while VOO has yielded a comparatively higher 13.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XGB.TO vs. VOO - Expense Ratio Comparison
XGB.TO has a 0.13% expense ratio, which is higher than VOO's 0.03% 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
XGB.TO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Government Bond Index ETF (XGB.TO) and Vanguard S&P 500 ETF (VOO). 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
XGB.TO vs. VOO - Dividend Comparison
XGB.TO's dividend yield for the trailing twelve months is around 2.91%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGB.TO iShares Core Canadian Government Bond Index ETF | 2.91% | 2.73% | 2.64% | 2.25% | 2.12% | 2.32% | 2.44% | 2.41% | 2.53% | 2.62% | 2.74% | 3.03% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
XGB.TO vs. VOO - Drawdown Comparison
The maximum XGB.TO drawdown since its inception was -19.53%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XGB.TO and VOO. For additional features, visit the drawdowns tool.
Volatility
XGB.TO vs. VOO - Volatility Comparison
The current volatility for iShares Core Canadian Government Bond Index ETF (XGB.TO) is 2.56%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.95%. This indicates that XGB.TO experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.