XGI.TO vs. VSB.TO
XGI.TO (iShares S&P Global Industrials Index ETF (CAD-Hedged)) and VSB.TO (Vanguard Canadian Short Term Bond) are both exchange-traded funds - XGI.TO is a Industrials Equities fund tracking the Morningstar Gbl GR CAD, while VSB.TO is a Canadian Government Bonds fund tracking the FTSE Canada Short Term Government Bond Index. Both are passively managed. Over the past 10 years, XGI.TO returned 13.13%/yr vs 1.96%/yr for VSB.TO. At a correlation of -0.01, they often move in opposite directions. XGI.TO charges 0.68%/yr vs 0.15%/yr for VSB.TO.
Performance
XGI.TO vs. VSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XGI.TO achieves a 13.77% return, which is significantly higher than VSB.TO's 1.32% return. Over the past 10 years, XGI.TO has outperformed VSB.TO with an annualized return of 13.13%, while VSB.TO has yielded a comparatively lower 1.96% annualized return.
XGI.TO
- 1D
- 1.30%
- 1M
- 3.02%
- YTD
- 13.77%
- 6M
- 14.10%
- 1Y
- 26.45%
- 3Y*
- 20.31%
- 5Y*
- 12.62%
- 10Y*
- 13.13%
VSB.TO
- 1D
- 0.00%
- 1M
- 0.53%
- YTD
- 1.32%
- 6M
- 1.34%
- 1Y
- 3.07%
- 3Y*
- 4.87%
- 5Y*
- 2.15%
- 10Y*
- 1.96%
XGI.TO vs. VSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged) | 13.77% | 20.93% | 16.18% | 21.83% | -8.79% | 14.92% | 4.64% | 26.41% | -11.83% | 20.23% |
VSB.TO Vanguard Canadian Short Term Bond | 1.32% | 3.66% | 5.54% | 4.92% | -3.93% | -1.15% | 5.29% | 3.06% | 1.67% | -0.36% |
Correlation
The correlation between XGI.TO and VSB.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2013 | -0.01 |
The correlation between XGI.TO and VSB.TO shifts across timeframes, from -0.01 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XGI.TO vs. VSB.TO — Risk / Return Rank
XGI.TO
VSB.TO
XGI.TO vs. VSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) and Vanguard Canadian Short Term Bond (VSB.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.
| XGI.TO | VSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.17 | +0.10 |
| Martin ratioReturn relative to average drawdown | 9.10 | 7.18 | +1.92 |
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Drawdowns
XGI.TO vs. VSB.TO - Drawdown Comparison
The maximum XGI.TO drawdown since its inception was -42.61%, which is greater than VSB.TO's maximum drawdown of -8.38%. Use the drawdown chart below to compare losses from any high point for XGI.TO and VSB.TO.
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Drawdown Indicators
| XGI.TO | VSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.61% | -8.38% | -34.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -1.43% | -10.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.14% | -1.43% | -14.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -6.88% | -17.90% |
Max Drawdown (10Y)Largest decline over 10 years | -42.61% | -8.38% | -34.23% |
Current DrawdownCurrent decline from peak | -0.43% | 0.00% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -0.95% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 0.43% | +2.48% |
Volatility
XGI.TO vs. VSB.TO - Volatility Comparison
iShares S&P Global Industrials Index ETF (CAD-Hedged) (XGI.TO) has a higher volatility of 5.00% compared to Vanguard Canadian Short Term Bond (VSB.TO) at 0.59%. This indicates that XGI.TO's price experiences larger fluctuations and is considered to be riskier than VSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XGI.TO | VSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 0.59% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 1.56% | +11.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.29% | 1.94% | +13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 2.58% | +14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 3.48% | +20.59% |
XGI.TO vs. VSB.TO - Expense Ratio Comparison
XGI.TO has a 0.68% expense ratio, which is higher than VSB.TO's 0.15% expense ratio.
Dividends
XGI.TO vs. VSB.TO - Dividend Comparison
XGI.TO's dividend yield for the trailing twelve months is around 1.22%, less than VSB.TO's 2.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSB.TO Vanguard Canadian Short Term Bond | 2.99% | 3.04% | 3.04% | 2.66% | 2.24% | 2.02% | 2.24% | 2.31% | 2.29% | 2.34% | 2.45% | 2.38% |
XGI.TO iShares S&P Global Industrials Index ETF (CAD-Hedged) | 1.22% | 1.54% | 2.69% | 1.24% | 1.34% | 0.91% | 0.96% | 1.30% | 1.88% | 1.15% | 1.39% | 1.46% |
Frequently Asked Questions
XGI.TO and VSB.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VSB.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VSB.TO is cheaper with a 0.15% expense ratio, compared with 0.68% for XGI.TO.
XGI.TO is categorized as Industrials Equities, while VSB.TO is Canadian Government Bonds. XGI.TO tracks Morningstar Gbl GR CAD, while VSB.TO tracks FTSE Canada Short Term Government Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.68% for XGI.TO and 0.15% for VSB.TO.
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