XGB.TO vs. XBB.TO
Compare and contrast key facts about iShares Core Canadian Government Bond Index ETF (XGB.TO) and iShares Core Canadian Universe Bond Index ETF (XBB.TO).
XGB.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. 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. 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 XGB.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: XGB.TO or XBB.TO.
Key characteristics
| XGB.TO | XBB.TO | |
|---|---|---|
| YTD Return | 2.17% | 2.80% |
| 1Y Return | 7.02% | 8.13% |
| 3Y Return (Ann) | -0.96% | -0.27% |
| 5Y Return (Ann) | -0.32% | 0.34% |
| 10Y Return (Ann) | 1.43% | 1.92% |
| Sharpe Ratio | 1.34 | 1.53 |
| Sortino Ratio | 1.99 | 2.22 |
| Omega Ratio | 1.23 | 1.27 |
| Calmar Ratio | 0.54 | 0.66 |
| Martin Ratio | 4.18 | 5.35 |
| Ulcer Index | 2.04% | 1.70% |
| Daily Std Dev | 6.34% | 5.93% |
| Max Drawdown | -19.53% | -18.16% |
| Current Drawdown | -9.45% | -6.40% |
Correlation
The correlation between XGB.TO and XBB.TO is 0.94, 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
XGB.TO vs. XBB.TO - Performance Comparison
In the year-to-date period, XGB.TO achieves a 2.17% return, which is significantly lower than XBB.TO's 2.80% return. Over the past 10 years, XGB.TO has underperformed XBB.TO with an annualized return of 1.43%, while XBB.TO has yielded a comparatively higher 1.92% 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. XBB.TO - Expense Ratio Comparison
XGB.TO has a 0.13% 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
XGB.TO vs. XBB.TO - 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 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
XGB.TO vs. XBB.TO - Dividend Comparison
XGB.TO's dividend yield for the trailing twelve months is around 2.95%, less than XBB.TO's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGB.TO iShares Core Canadian Government Bond Index ETF | 2.95% | 2.73% | 2.64% | 2.25% | 2.12% | 2.32% | 2.44% | 2.41% | 2.53% | 2.62% | 2.74% | 3.03% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.23% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% | 3.04% | 3.32% |
Drawdowns
XGB.TO vs. XBB.TO - Drawdown Comparison
The maximum XGB.TO drawdown since its inception was -19.53%, which is greater than XBB.TO's maximum drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for XGB.TO and XBB.TO. For additional features, visit the drawdowns tool.
Volatility
XGB.TO vs. XBB.TO - Volatility Comparison
iShares Core Canadian Government Bond Index ETF (XGB.TO) and iShares Core Canadian Universe Bond Index ETF (XBB.TO) have volatilities of 2.73% and 2.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.