XHB.TO vs. XBAL.TO
XHB.TO (iShares Canadian HYBrid Corporate Bond Index ETF) and XBAL.TO (iShares Core Balanced ETF Portfolio) are both exchange-traded funds - XHB.TO is a Corporate Bonds fund tracking the Morningstar Can Corp Bd GR CAD, while XBAL.TO is a Diversified Portfolio fund actively managed by iShares. XHB.TO is passively managed, while XBAL.TO is actively managed. Over the past 10 years, XHB.TO returned 5.63%/yr vs 7.69%/yr for XBAL.TO. At a 0.12 correlation, their price movements are largely independent. XHB.TO charges 0.50%/yr vs 0.20%/yr for XBAL.TO.
Performance
XHB.TO vs. XBAL.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XHB.TO achieves a 2.17% return, which is significantly lower than XBAL.TO's 7.81% return. Over the past 10 years, XHB.TO has underperformed XBAL.TO with an annualized return of 5.63%, while XBAL.TO has yielded a comparatively higher 7.69% 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%
XBAL.TO
- 1D
- -0.36%
- 1M
- 4.13%
- YTD
- 7.81%
- 6M
- 6.00%
- 1Y
- 17.48%
- 3Y*
- 14.21%
- 5Y*
- 8.15%
- 10Y*
- 7.69%
XHB.TO vs. XBAL.TO - 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% |
XBAL.TO iShares Core Balanced ETF Portfolio | 7.81% | 11.87% | 15.76% | 13.01% | -11.19% | 10.11% | 10.67% | 15.28% | -2.80% | 5.48% |
Correlation
The correlation between XHB.TO and XBAL.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2010 | 0.12 |
Over the past year, XHB.TO and XBAL.TO have become more correlated (0.40) than their long-term average of 0.12, meaning their price movements have been converging.
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. XBAL.TO — Risk / Return Rank
XHB.TO
XBAL.TO
XHB.TO vs. XBAL.TO - 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 Core Balanced ETF Portfolio (XBAL.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.
| XHB.TO | XBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.89 | -0.44 |
| Martin ratioReturn relative to average drawdown | 8.07 | 12.15 | -4.08 |
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 | XBAL.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 2.06 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.93 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.82 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.68 | -0.10 |
Drawdowns
XHB.TO vs. XBAL.TO - Drawdown Comparison
The maximum XHB.TO drawdown since its inception was -26.03%, smaller than the maximum XBAL.TO drawdown of -28.83%. Use the drawdown chart below to compare losses from any high point for XHB.TO and XBAL.TO.
Loading charts...
Drawdown Indicators
| XHB.TO | XBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -28.83% | +2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -6.06% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -2.42% | -9.35% | +6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -17.12% | +5.29% |
Max Drawdown (10Y)Largest decline over 10 years | -26.03% | -20.93% | -5.10% |
Current DrawdownCurrent decline from peak | 0.00% | -0.36% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -3.39% | +1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.44% | -0.71% |
Volatility
XHB.TO vs. XBAL.TO - Volatility Comparison
The current volatility for iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) is 1.17%, while iShares Core Balanced ETF Portfolio (XBAL.TO) has a volatility of 3.14%. This indicates that XHB.TO experiences smaller price fluctuations and is considered to be less risky than XBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XHB.TO | XBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 3.14% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 7.21% | -4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 8.51% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.61% | 8.79% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.05% | 9.37% | +1.68% |
XHB.TO vs. XBAL.TO - Expense Ratio Comparison
XHB.TO has a 0.50% expense ratio, which is higher than XBAL.TO's 0.20% expense ratio.
Dividends
XHB.TO vs. XBAL.TO - Dividend Comparison
XHB.TO's dividend yield for the trailing twelve months is around 4.52%, more than XBAL.TO's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBAL.TO iShares Core Balanced ETF Portfolio | 2.10% | 2.24% | 2.68% | 2.40% | 2.09% | 1.74% | 1.99% | 2.26% | 3.39% | 2.93% | 3.64% | 3.29% |
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 XBAL.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XBAL.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBAL.TO is cheaper with a 0.20% expense ratio, compared with 0.50% for XHB.TO.
XHB.TO is categorized as Corporate Bonds, while XBAL.TO is Diversified Portfolio. Their fees differ too: 0.50% for XHB.TO and 0.20% for XBAL.TO.
Find the right allocation for XHB.TO and XBAL.TO
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