XGB.TO vs. XIU.TO
XGB.TO (iShares Core Canadian Government Bond Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - XGB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, XGB.TO returned 1.06%/yr vs 12.74%/yr for XIU.TO. At a correlation of -0.12, they often move in opposite directions. XGB.TO charges 0.13%/yr vs 0.18%/yr for XIU.TO.
Performance
XGB.TO vs. XIU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XGB.TO achieves a 1.57% return, which is significantly lower than XIU.TO's 11.56% return. Over the past 10 years, XGB.TO has underperformed XIU.TO with an annualized return of 1.06%, while XIU.TO has yielded a comparatively higher 12.74% annualized 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%
XIU.TO
- 1D
- 1.29%
- 1M
- 5.10%
- YTD
- 11.56%
- 6M
- 12.35%
- 1Y
- 33.92%
- 3Y*
- 23.20%
- 5Y*
- 14.66%
- 10Y*
- 12.74%
XGB.TO vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGB.TO iShares Core Canadian Government Bond Index ETF | 1.57% | 1.65% | 3.54% | 5.57% | -12.25% | -3.11% | 8.14% | 6.10% | 1.34% | 1.71% |
XIU.TO iShares S&P/TSX 60 Index ETF | 11.56% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
Correlation
The correlation between XGB.TO and XIU.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2006 | -0.12 |
The correlation between XGB.TO and XIU.TO shifts across timeframes, from -0.12 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGB.TO vs. XIU.TO — Risk / Return Rank
XGB.TO
XIU.TO
XGB.TO vs. XIU.TO - 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 iShares S&P/TSX 60 Index ETF (XIU.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.
| XGB.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.52 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 4.45 | -3.59 |
| Martin ratioReturn relative to average drawdown | 1.86 | 20.69 | -18.83 |
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 | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.89 | -2.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 1.15 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.85 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.51 | +0.01 |
Drawdowns
XGB.TO vs. XIU.TO - Drawdown Comparison
The maximum XGB.TO drawdown since its inception was -19.53%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XGB.TO and XIU.TO.
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Drawdown Indicators
| XGB.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.53% | -52.31% | +32.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -7.65% | +4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -5.83% | -12.36% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -16.36% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -19.53% | -35.46% | +15.93% |
Current DrawdownCurrent decline from peak | -5.25% | 0.00% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -11.62% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.64% | -0.31% |
Volatility
XGB.TO vs. XIU.TO - Volatility Comparison
The current volatility for iShares Core Canadian Government Bond Index ETF (XGB.TO) is 1.71%, while iShares S&P/TSX 60 Index ETF (XIU.TO) has a volatility of 3.43%. This indicates that XGB.TO experiences smaller price fluctuations and is considered to be less risky than XIU.TO 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 | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 3.43% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 9.39% | -5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.52% | 11.79% | -7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.92% | 12.79% | -5.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.99% | 15.01% | -9.02% |
XGB.TO vs. XIU.TO - Expense Ratio Comparison
XGB.TO has a 0.13% expense ratio, which is lower than XIU.TO's 0.18% 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
XGB.TO vs. XIU.TO - Dividend Comparison
XGB.TO's dividend yield for the trailing twelve months is around 3.11%, more than XIU.TO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.17% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
Frequently Asked Questions
XGB.TO and XIU.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGB.TO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGB.TO is cheaper with a 0.13% expense ratio, compared with 0.18% for XIU.TO.
XGB.TO is categorized as Canadian Government Bonds, while XIU.TO is Canada Equities. XGB.TO tracks Morningstar Can Core Bd GR CAD, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.13% for XGB.TO and 0.18% for XIU.TO.
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