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XHB.TO vs. XCBG.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XHB.TO vs. XCBG.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) and iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO).

XHB.TO and XCBG.TO 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. XCBG.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Corp Bd GR CAD. It was launched on Aug 6, 2021. Both XHB.TO and XCBG.TO 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. XCBG.TO - 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 ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO). The values are adjusted to include any dividend payments, if applicable.

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XHB.TO vs. XCBG.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
XHB.TO
iShares Canadian HYBrid Corporate Bond Index ETF		0.13%5.34%11.53%14.52%-6.53%0.79%
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index ETF		0.14%4.21%6.79%7.45%-7.40%-1.10%

Returns By Period

In the year-to-date period, XHB.TO achieves a 0.13% return, which is significantly lower than XCBG.TO's 0.14% return.

XHB.TO

1D
0.20%
1M
-1.61%
YTD
0.13%
6M
0.41%
1Y
4.00%
3Y*
8.87%
5Y*
5.42%
10Y*
5.74%

XCBG.TO

1D
0.16%
1M
-1.35%
YTD
0.14%
6M
0.34%
1Y
2.70%
3Y*
5.37%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares Canadian HYBrid Corporate Bond Index ETF

iShares ESG Advanced Canadian Corporate Bond Index ETF

Often compared with XHB.TO:
XHB.TO vs. XCB.TOXHB.TO vs. XLB.TOXHB.TO vs. XBB.TOXHB.TO vs. VSBIXXHB.TO vs. SPYXHB.TO vs. XHY.TOXHB.TO vs. FLOT
Often compared with XCBG.TO:
XCBG.TO vs. XCB.TOXCBG.TO vs. ZMMK.TOXCBG.TO vs. GEQT.TOXCBG.TO vs. ZAG.TOXCBG.TO vs. XSTH.TOXCBG.TO vs. XSHG.TOXCBG.TO vs. BRHYX

XHB.TO vs. XCBG.TO - Expense Ratio Comparison

XHB.TO has a 0.50% expense ratio, which is higher than XCBG.TO's 0.17% expense ratio.

XHB.TO
iShares Canadian HYBrid Corporate Bond Index ETF
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index ETF

Return for Risk

XHB.TO vs. XCBG.TO — 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: 6363
Overall Rank
XHB.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XHB.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
XHB.TO Omega Ratio Rank: 5656
Omega Ratio Rank
XHB.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
XHB.TO Martin Ratio Rank: 5858
Martin Ratio Rank
XCBG.TO
XCBG.TO Risk / Return Rank: 4848
Overall Rank
XCBG.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XCBG.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
XCBG.TO Omega Ratio Rank: 4242
Omega Ratio Rank
XCBG.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
XCBG.TO Martin Ratio Rank: 4949
Martin Ratio Rank
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. XCBG.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 ESG Advanced Canadian Corporate Bond Index ETF (XCBG.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.TOXCBG.TODifference

Sharpe ratio

Return per unit of total volatility

1.17

0.88

+0.29

Sortino ratio

Return per unit of downside risk

1.67

1.24

+0.43

Omega ratio

Gain probability vs. loss probability

1.21

1.17

+0.04

Calmar ratio

Return relative to maximum drawdown

1.68

1.41

+0.27

Martin ratio

Return relative to average drawdown

5.62

4.72

+0.90

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. XCBG.TO - Sharpe Ratio Comparison

The current XHB.TO Sharpe Ratio is 1.17, which is higher than the XCBG.TO Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of XHB.TO and XCBG.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XHB.TOXCBG.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.17

0.88

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.47

+0.10

Correlation

The correlation between XHB.TO and XCBG.TO is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XHB.TO vs. XCBG.TO - Dividend Comparison

XHB.TO's dividend yield for the trailing twelve months is around 4.57%, more than XCBG.TO's 3.92% yield.

TTM20252024202320222021202020192018201720162015
XHB.TO
iShares Canadian HYBrid Corporate Bond Index ETF		4.57%4.48%7.49%8.06%7.74%5.57%5.47%5.75%4.07%4.08%4.35%4.78%
XCBG.TO
iShares ESG Advanced Canadian Corporate Bond Index ETF		3.92%3.84%3.61%3.19%2.99%0.87%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

XHB.TO vs. XCBG.TO - Drawdown Comparison

The maximum XHB.TO drawdown since its inception was -26.03%, which is greater than XCBG.TO's maximum drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for XHB.TO and XCBG.TO.

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Drawdown Indicators

XHB.TOXCBG.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.03%

-12.14%

-13.89%

Max Drawdown (1Y)

Largest decline over 1 year

-2.42%

-2.03%

-0.39%

Max Drawdown (5Y)

Largest decline over 5 years

-11.83%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-26.03%

—

—

Current Drawdown

Current decline from peak

-1.72%

-1.39%

-0.33%

Average Drawdown

Average peak-to-trough decline

-1.59%

-3.64%

+2.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.72%

0.61%

+0.11%

Volatility

XHB.TO vs. XCBG.TO - Volatility Comparison

iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) has a higher volatility of 1.43% compared to iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) at 1.32%. This indicates that XHB.TO's price experiences larger fluctuations and is considered to be riskier than XCBG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XHB.TOXCBG.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.43%

1.32%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

2.31%

2.05%

+0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

3.44%

3.08%

+0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.63%

4.22%

+1.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.08%

4.22%

+6.86%