XHB.TO vs. XINC.TO
XHB.TO (iShares Canadian HYBrid Corporate Bond Index ETF) and XINC.TO (iShares Core Income Balanced ETF Portfolio) are both exchange-traded funds - XHB.TO is a Corporate Bonds fund tracking the Morningstar Can Corp Bd GR CAD, while XINC.TO is a Diversified Portfolio fund actively managed by iShares. XHB.TO is passively managed, while XINC.TO is actively managed. Over the past 5 years, XHB.TO returned 5.68%/yr vs 3.17%/yr for XINC.TO. At a 0.36 correlation, their price movements are largely independent. XHB.TO charges 0.50%/yr vs 0.20%/yr for XINC.TO.
Performance
XHB.TO vs. XINC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XHB.TO achieves a 2.17% return, which is significantly lower than XINC.TO's 3.43% 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%
XINC.TO
- 1D
- -0.14%
- 1M
- 1.69%
- YTD
- 3.43%
- 6M
- 3.01%
- 1Y
- 8.23%
- 3Y*
- 7.62%
- 5Y*
- 3.17%
- 10Y*
- —
XHB.TO vs. XINC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF | 2.17% | 5.34% | 11.53% | 14.52% | -6.53% | 2.10% | 11.03% | 0.66% |
XINC.TO iShares Core Income Balanced ETF Portfolio | 3.43% | 6.71% | 7.76% | 8.51% | -11.25% | 1.27% | 9.16% | 1.23% |
Correlation
The correlation between XHB.TO and XINC.TO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.36 |
Over the past year, XHB.TO and XINC.TO have become more correlated (0.58) than their long-term average of 0.36, meaning their price movements have been converging.
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Return for Risk
XHB.TO vs. XINC.TO — Risk / Return Rank
XHB.TO
XINC.TO
XHB.TO vs. XINC.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 Income Balanced ETF Portfolio (XINC.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 | XINC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.27 | +0.19 |
| Martin ratioReturn relative to average drawdown | 8.07 | 8.55 | -0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XHB.TO | XINC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 1.68 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.50 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.55 | +0.03 |
Drawdowns
XHB.TO vs. XINC.TO - Drawdown Comparison
The maximum XHB.TO drawdown since its inception was -26.03%, which is greater than XINC.TO's maximum drawdown of -15.40%. Use the drawdown chart below to compare losses from any high point for XHB.TO and XINC.TO.
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Drawdown Indicators
| XHB.TO | XINC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.03% | -15.40% | -10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.42% | -3.65% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -2.42% | -4.36% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -11.83% | -15.40% | +3.57% |
Max Drawdown (10Y)Largest decline over 10 years | -26.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.14% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -3.75% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.97% | -0.24% |
Volatility
XHB.TO vs. XINC.TO - Volatility Comparison
The current volatility for iShares Canadian HYBrid Corporate Bond Index ETF (XHB.TO) is 1.17%, while iShares Core Income Balanced ETF Portfolio (XINC.TO) has a volatility of 2.00%. This indicates that XHB.TO experiences smaller price fluctuations and is considered to be less risky than XINC.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.TO | XINC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 2.00% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 4.13% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 4.93% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.61% | 6.43% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.05% | 6.73% | +4.32% |
XHB.TO vs. XINC.TO - Expense Ratio Comparison
XHB.TO has a 0.50% expense ratio, which is higher than XINC.TO's 0.20% expense ratio.
Dividends
XHB.TO vs. XINC.TO - Dividend Comparison
XHB.TO's dividend yield for the trailing twelve months is around 4.52%, more than XINC.TO's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XINC.TO iShares Core Income Balanced ETF Portfolio | 3.19% | 3.16% | 2.81% | 2.87% | 2.54% | 2.02% | 2.40% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHB.TO and XINC.TO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XINC.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XINC.TO is cheaper with a 0.20% expense ratio, compared with 0.50% for XHB.TO.
XHB.TO is categorized as Corporate Bonds, while XINC.TO is Diversified Portfolio. Their fees differ too: 0.50% for XHB.TO and 0.20% for XINC.TO.
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