XIG.TO vs. DCBC.TO

Last updated Jun 5, 2026

XIG.TO (iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and DCBC.TO (Desjardins Canadian Corporate Bond Index ETF) are both Corporate Bonds funds - XIG.TO tracks the Markit iBoxx USD Liquid Investment Grade Total Return Index Hedged in CAD while DCBC.TO tracks the Solactive Canadian Bond Universe Corporate TR Index. Both are passively managed. Over the past year, XIG.TO returned 3.57% vs 3.99% for DCBC.TO. At a 0.40 correlation, their price movements are largely independent. XIG.TO charges 0.32%/yr vs 0.17%/yr for DCBC.TO.

Performance

XIG.TO vs. DCBC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO) and Desjardins Canadian Corporate Bond Index ETF (DCBC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIG.TO achieves a -0.11% return, which is significantly lower than DCBC.TO's 2.01% return.

XIG.TO

• 1D: 0.18%
• 1M: 0.44%
• YTD: -0.11%
• 6M: -0.46%
• 1Y: 3.57%
• 3Y*: 3.45%
• 5Y*: -1.19%
• 10Y*: 1.47%

DCBC.TO

• 1D: 0.19%
• 1M: 1.46%
• YTD: 2.01%
• 6M: 1.53%
• 1Y: 3.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XIG.TO vs. DCBC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XIG.TO iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)	-0.11%	5.93%	4.28%
DCBC.TO Desjardins Canadian Corporate Bond Index ETF	2.01%	3.94%	820.93%

Correlation

The correlation between XIG.TO and DCBC.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (All Time) Calculated using the full available price history since Apr 19, 2024	0.40

The correlation between XIG.TO and DCBC.TO shifts across timeframes, from 0.28 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XIG.TO vs. DCBC.TO — Risk / Return Rank

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

XIG.TO

XIG.TO Risk / Return Rank: 20
XIG.TO Sharpe Ratio Rank: 20
XIG.TO Sortino Ratio Rank: 19
XIG.TO Omega Ratio Rank: 19
XIG.TO Calmar Ratio Rank: 22
XIG.TO Martin Ratio Rank: 22

DCBC.TO

DCBC.TO Risk / Return Rank: 33
DCBC.TO Sharpe Ratio Rank: 32
DCBC.TO Sortino Ratio Rank: 31
DCBC.TO Omega Ratio Rank: 34
DCBC.TO Calmar Ratio Rank: 34
DCBC.TO Martin Ratio Rank: 35

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.

XIG.TO vs. DCBC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO) and Desjardins Canadian Corporate Bond Index ETF (DCBC.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.

	XIG.TO	DCBC.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.65	1.16	-0.50
Sortino ratio: Return per unit of downside risk	0.95	1.62	-0.67
Omega ratio: Gain probability vs. loss probability	1.11	1.22	-0.11
Calmar ratio: Return relative to maximum drawdown	0.98	1.64	-0.66
Martin ratio: Return relative to average drawdown	2.54	5.10	-2.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIG.TO vs. DCBC.TO - Sharpe Ratio Comparison

The current XIG.TO Sharpe Ratio is 0.65, which is lower than the DCBC.TO Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of XIG.TO and DCBC.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XIG.TO	DCBC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	1.16	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.37	+0.08

Drawdowns

XIG.TO vs. DCBC.TO - Drawdown Comparison

The maximum XIG.TO drawdown since its inception was -25.49%, which is greater than DCBC.TO's maximum drawdown of -2.57%. Use the drawdown chart below to compare losses from any high point for XIG.TO and DCBC.TO.

Drawdown Indicators

	XIG.TO	DCBC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-25.49%	-2.57%	-22.92%
Max Drawdown (1Y) Largest decline over 1 year	-3.66%	-2.57%	-1.09%
Max Drawdown (3Y) Largest decline over 3 years	-8.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.49%	—	—
Current Drawdown Current decline from peak	-9.22%	-0.01%	-9.21%
Average Drawdown Average peak-to-trough decline	-5.39%	-0.60%	-4.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	0.82%	+0.59%

Volatility

XIG.TO vs. DCBC.TO - Volatility Comparison

iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIG.TO) has a higher volatility of 1.75% compared to Desjardins Canadian Corporate Bond Index ETF (DCBC.TO) at 0.89%. This indicates that XIG.TO's price experiences larger fluctuations and is considered to be riskier than DCBC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIG.TO	DCBC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.75%	0.89%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	4.10%	2.71%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	5.53%	3.64%	+1.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.48%	521.61%	-513.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.92%	521.61%	-512.69%

XIG.TO vs. DCBC.TO - Expense Ratio Comparison

XIG.TO has a 0.32% expense ratio, which is higher than DCBC.TO's 0.17% expense ratio.

Dividends

XIG.TO vs. DCBC.TO - Dividend Comparison

XIG.TO's dividend yield for the trailing twelve months is around 4.33%, more than DCBC.TO's 3.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DCBC.TO Desjardins Canadian Corporate Bond Index ETF	3.81%	3.55%	2.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XIG.TO iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)	4.33%	4.33%	4.45%	3.88%	3.23%	2.21%	2.62%	3.07%	3.42%	2.87%	3.27%	3.10%

Frequently Asked Questions

Can I hold both XIG.TO and DCBC.TO in my portfolio?

XIG.TO and DCBC.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XIG.TO or DCBC.TO?

On fees, DCBC.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XIG.TO or DCBC.TO?

DCBC.TO is cheaper with a 0.17% expense ratio, compared with 0.32% for XIG.TO.

What is the main difference between XIG.TO and DCBC.TO?

XIG.TO tracks Markit iBoxx USD Liquid Investment Grade Total Return Index Hedged in CAD, while DCBC.TO tracks Solactive Canadian Bond Universe Corporate TR Index. They also come from different issuers: iShares and Desjardins. Their fees differ too: 0.32% for XIG.TO and 0.17% for DCBC.TO.