XHB.TO vs. FLOT

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) and iShares Floating Rate Bond ETF (FLOT).

XHB.TO and FLOT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Corp Bd GR CAD. It was launched on Sep 22, 2010. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011. Both XHB.TO and FLOT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XHB.TO vs. FLOT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) and iShares Floating Rate Bond ETF (FLOT). The values are adjusted to include any dividend payments, if applicable.

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	0.16%	5.34%	11.53%	14.52%	-6.53%	2.10%	11.03%	10.73%	0.59%	4.49%
FLOT iShares Floating Rate Bond ETF	2.02%	0.10%	15.68%	4.09%	8.50%	-0.46%	-0.84%	-1.14%	10.09%	-4.83%

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 0.16% return, which is significantly lower than FLOT's 2.02% return. Over the past 10 years, XHB.TO has outperformed FLOT with an annualized return of 5.74%, while FLOT has yielded a comparatively lower 3.65% annualized return.

XHB.TO

• 1D: 0.03%
• 1M: -1.19%
• YTD: 0.16%
• 6M: 0.68%
• 1Y: 3.82%
• 3Y*: 8.88%
• 5Y*: 5.43%
• 10Y*: 5.74%

FLOT

• 1D: -0.24%
• 1M: 1.73%
• YTD: 2.02%
• 6M: 1.57%
• 1Y: 1.48%
• 3Y*: 6.86%
• 5Y*: 6.16%
• 10Y*: 3.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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.

XHB.TO

iShares Canadian HYBrid Corporate Bond Index ETF

FLOT

iShares Floating Rate Bond ETF

Return for Risk

XHB.TO vs. FLOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHB.TO

XHB.TO Risk / Return Rank: 57
XHB.TO Sharpe Ratio Rank: 61
XHB.TO Sortino Ratio Rank: 60
XHB.TO Omega Ratio Rank: 49
XHB.TO Calmar Ratio Rank: 62
XHB.TO Martin Ratio Rank: 54

FLOT

FLOT Risk / Return Rank: 93
FLOT Sharpe Ratio Rank: 91
FLOT Sortino Ratio Rank: 90
FLOT Omega Ratio Rank: 98
FLOT Calmar Ratio Rank: 88
FLOT Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	1.12	0.28	+0.84
Sortino ratio Return per unit of downside risk	1.59	0.40	+1.19
Omega ratio Gain probability vs. loss probability	1.20	1.05	+0.14
Calmar ratio Return relative to maximum drawdown	1.66	0.22	+1.44
Martin ratio Return relative to average drawdown	5.52	0.44	+5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHB.TO vs. FLOT - Sharpe Ratio Comparison

The current XHB.TO Sharpe Ratio is 1.12, which is higher than the FLOT Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of XHB.TO and FLOT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XHB.TO	FLOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	0.28	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.96	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.49	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.61	-0.04

Correlation

The correlation between XHB.TO and FLOT is 0.07, 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.

Dividends

XHB.TO vs. FLOT - Dividend Comparison

XHB.TO's dividend yield for the trailing twelve months is around 4.56%, less than FLOT's 4.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF	4.56%	4.48%	7.49%	8.06%	7.74%	5.57%	5.47%	5.75%	4.07%	4.08%	4.35%	4.78%
FLOT iShares Floating Rate Bond ETF	4.68%	4.84%	5.82%	5.66%	2.06%	0.43%	1.25%	2.78%	2.41%	1.46%	0.97%	0.53%

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.

Drawdown Indicators

	XHB.TO	FLOT	Difference
Max Drawdown Largest peak-to-trough decline	-26.03%	-13.54%	-12.49%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	-1.57%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-11.83%	-2.36%	-9.47%
Max Drawdown (10Y) Largest decline over 10 years	-26.03%	-13.54%	-12.49%
Current Drawdown Current decline from peak	-1.70%	-0.16%	-1.54%
Average Drawdown Average peak-to-trough decline	-1.59%	-0.21%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	0.20%	+0.53%

Volatility

XHB.TO vs. FLOT - Volatility Comparison

iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) has a higher volatility of 1.43% compared to iShares Floating Rate Bond ETF (FLOT) at 1.36%. 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.

Volatility by Period

	XHB.TO	FLOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.36%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	2.29%	3.47%	-1.18%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	5.40%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	6.44%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.08%	7.43%	+3.65%