XHB.TO vs. VSBIX

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) and Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX).

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. VSBIX is managed by Vanguard. It was launched on Aug 23, 2010.

Performance

XHB.TO vs. VSBIX - 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 Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX). The values are adjusted to include any dividend payments, if applicable.

XHB.TO vs. VSBIX - 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%
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares	1.69%	0.29%	13.34%	1.99%	2.98%	-1.57%	1.37%	-1.56%	10.12%	-6.00%

Different Trading Currencies

XHB.TO is traded in CAD, while VSBIX is traded in USD. To make them comparable, the VSBIX 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 VSBIX's 1.69% return. Over the past 10 years, XHB.TO has outperformed VSBIX with an annualized return of 5.74%, while VSBIX has yielded a comparatively lower 2.45% 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%

VSBIX

• 1D: -0.01%
• 1M: 1.44%
• YTD: 1.69%
• 6M: 1.10%
• 1Y: 0.88%
• 3Y*: 5.14%
• 5Y*: 3.99%
• 10Y*: 2.45%

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

XHB.TO vs. VSBIX - Expense Ratio Comparison

XHB.TO has a 0.50% expense ratio, which is higher than VSBIX's 0.05% expense ratio.

XHB.TO

iShares Canadian HYBrid Corporate Bond Index ETF

VSBIX

Vanguard Short-Term Treasury Index Fund Institutional Shares

Return for Risk

XHB.TO vs. VSBIX — 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

VSBIX

VSBIX Risk / Return Rank: 97
VSBIX Sharpe Ratio Rank: 97
VSBIX Sortino Ratio Rank: 98
VSBIX Omega Ratio Rank: 96
VSBIX Calmar Ratio Rank: 98
VSBIX Martin Ratio Rank: 97

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. VSBIX - 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 Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX). 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	VSBIX	Difference
Sharpe ratio Return per unit of total volatility	1.12	0.06	+1.05
Sortino ratio Return per unit of downside risk	1.59	0.12	+1.48
Omega ratio Gain probability vs. loss probability	1.20	1.02	+0.18
Calmar ratio Return relative to maximum drawdown	1.66	0.18	+1.48
Martin ratio Return relative to average drawdown	5.52	0.35	+5.17
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. VSBIX - Sharpe Ratio Comparison

The current XHB.TO Sharpe Ratio is 1.12, which is higher than the VSBIX Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of XHB.TO and VSBIX, 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	VSBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	0.06	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.63	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.36	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.41	+0.16

Correlation

The correlation between XHB.TO and VSBIX is 0.11, 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. VSBIX - Dividend Comparison

XHB.TO's dividend yield for the trailing twelve months is around 4.56%, more than VSBIX's 3.59% 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%
VSBIX Vanguard Short-Term Treasury Index Fund Institutional Shares	3.59%	3.99%	4.52%	3.31%	1.14%	0.65%	1.74%	2.28%	1.81%	1.11%	0.80%	0.74%

Drawdowns

XHB.TO vs. VSBIX - Drawdown Comparison

The maximum XHB.TO drawdown since its inception was -26.03%, which is greater than VSBIX's maximum drawdown of -16.42%. Use the drawdown chart below to compare losses from any high point for XHB.TO and VSBIX.

Drawdown Indicators

	XHB.TO	VSBIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.03%	-5.74%	-20.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.42%	-0.81%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-11.83%	-5.74%	-6.09%
Max Drawdown (10Y) Largest decline over 10 years	-26.03%	-5.74%	-20.29%
Current Drawdown Current decline from peak	-1.70%	-0.44%	-1.26%
Average Drawdown Average peak-to-trough decline	-1.59%	-0.59%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	0.21%	+0.52%

Volatility

XHB.TO vs. VSBIX - Volatility Comparison

iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) and Vanguard Short-Term Treasury Index Fund Institutional Shares (VSBIX) have volatilities of 1.43% and 1.41%, 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.

Volatility by Period

	XHB.TO	VSBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	1.41%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.29%	3.49%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	5.32%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.62%	6.36%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.08%	6.87%	+4.21%