XHB.TO vs. FLOT
XHB.TO (iShares Canadian HYBrid Corporate Bond Index ETF) and FLOT (iShares Floating Rate Bond ETF) are both Corporate Bonds funds from iShares - XHB.TO tracks the Morningstar Can Corp Bd GR CAD while FLOT tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 10 years, XHB.TO returned 5.63%/yr vs 3.78%/yr for FLOT. At a 0.07 correlation, their price movements are largely independent. XHB.TO charges 0.50%/yr vs 0.20%/yr for FLOT.
Performance
XHB.TO vs. FLOT - Performance Comparison
Loading charts...
Different Trading Currencies
XHB.TO is traded in CAD, while FLOT is traded in USD. To make them comparable, the FLOT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XHB.TO achieves a 2.17% return, which is significantly lower than FLOT's 3.18% return. Over the past 10 years, XHB.TO has outperformed FLOT with an annualized return of 5.63%, while FLOT has yielded a comparatively lower 3.78% annualized return.
XHB.TO
- 1D
- 0.00%
- 1M
- 1.76%
- YTD
- 2.17%
- 6M
- 2.20%
- 1Y
- 5.90%
- 3Y*
- 9.70%
- 5Y*
- 5.68%
- 10Y*
- 5.63%
FLOT
- 1D
- 0.45%
- 1M
- 2.51%
- YTD
- 3.18%
- 6M
- 1.82%
- 1Y
- 6.26%
- 3Y*
- 6.88%
- 5Y*
- 7.18%
- 10Y*
- 3.78%
XHB.TO vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF | 2.17% | 5.34% | 11.53% | 14.52% | -6.53% | 2.10% | 11.03% | 10.73% | 0.59% | 4.49% |
FLOT iShares Floating Rate Bond ETF | 3.18% | 0.10% | 15.68% | 4.09% | 8.50% | -0.46% | -0.84% | -1.14% | 10.09% | -4.83% |
Correlation
The correlation between XHB.TO and FLOT is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2011 | 0.07 |
The correlation between XHB.TO and FLOT shifts across timeframes, from -0.06 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XHB.TO vs. FLOT — Risk / Return Rank
XHB.TO
FLOT
XHB.TO vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) and iShares Floating Rate Bond ETF (FLOT). 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.
| XHB.TO | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.73 | +0.72 |
| Martin ratioReturn relative to average drawdown | 8.07 | 4.94 | +3.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XHB.TO | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.35 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.13 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.52 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.62 | -0.03 |
Drawdowns
XHB.TO vs. FLOT - Drawdown Comparison
The maximum XHB.TO drawdown since its inception was -26.03%, which is greater than FLOT's maximum drawdown of -14.58%. Use the drawdown chart below to compare losses from any high point for XHB.TO and FLOT.
Loading charts...
Drawdown Indicators
| XHB.TO | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -14.58% | -11.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.63% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.42% | -5.15% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -5.15% | -6.68% |
Max Drawdown (10Y)Largest decline over 10 years | -26.03% | -12.96% | -13.07% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -3.95% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.27% | -0.54% |
Volatility
XHB.TO vs. FLOT - Volatility Comparison
iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) has a higher volatility of 1.17% compared to iShares Floating Rate Bond ETF (FLOT) at 0.82%. This indicates that XHB.TO's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XHB.TO | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.82% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 3.49% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 4.66% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.61% | 6.38% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.05% | 7.34% | +3.71% |
XHB.TO vs. FLOT - Expense Ratio Comparison
XHB.TO has a 0.50% expense ratio, which is higher than FLOT's 0.20% expense ratio.
Dividends
XHB.TO vs. FLOT - Dividend Comparison
XHB.TO's dividend yield for the trailing twelve months is around 4.52%, which matches FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF | 4.52% | 4.48% | 7.49% | 8.06% | 7.74% | 5.57% | 5.47% | 5.75% | 4.07% | 4.08% | 4.35% | 4.78% |
Frequently Asked Questions
XHB.TO and FLOT have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOT is cheaper with a 0.20% expense ratio, compared with 0.50% for XHB.TO.
XHB.TO tracks Morningstar Can Corp Bd GR CAD, while FLOT tracks Bloomberg US Floating Rate Notes (<5 Y). Their fees differ too: 0.50% for XHB.TO and 0.20% for FLOT.
Find the right allocation for XHB.TO and FLOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer