XIGS.TO vs. ESGB.TO
XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and ESGB.TO (BMO ESG Corporate Bond Index ETF) are both Corporate Bonds funds. Over the past 5 years, XIGS.TO returned 1.33%/yr vs 1.90%/yr for ESGB.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
XIGS.TO vs. ESGB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIGS.TO achieves a -0.01% return, which is significantly lower than ESGB.TO's 1.16% return.
XIGS.TO
- 1D
- 0.16%
- 1M
- -0.01%
- 6M
- -0.13%
- YTD
- -0.01%
- 1Y
- 2.22%
- 3Y*
- 4.03%
- 5Y*
- 1.33%
- 10Y*
- —
ESGB.TO
- 1D
- -0.04%
- 1M
- -0.57%
- 6M
- 0.84%
- YTD
- 1.16%
- 1Y
- 4.55%
- 3Y*
- 6.00%
- 5Y*
- 1.90%
- 10Y*
- —
XIGS.TO vs. ESGB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | -0.01% | 4.82% | 3.76% | 5.39% | -5.89% | -0.97% |
ESGB.TO BMO ESG Corporate Bond Index ETF | 1.16% | 4.18% | 6.92% | 7.89% | -9.31% | -0.37% |
Correlation
The correlation between XIGS.TO and ESGB.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 (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.34 |
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Return for Risk
XIGS.TO vs. ESGB.TO — Risk / Return Rank
XIGS.TO
ESGB.TO
XIGS.TO vs. ESGB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) and BMO ESG Corporate Bond Index ETF (ESGB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XIGS.TO | ESGB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.85 | -0.47 |
| Martin ratioReturn relative to average drawdown | 3.93 | 5.36 | -1.43 |
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Drawdowns
XIGS.TO vs. ESGB.TO - Drawdown Comparison
The maximum XIGS.TO drawdown since its inception was -10.12%, smaller than the maximum ESGB.TO drawdown of -15.18%. Use the drawdown chart below to compare losses from any high point for XIGS.TO and ESGB.TO.
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Drawdown Indicators
| XIGS.TO | ESGB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -15.18% | +5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -2.47% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -2.54% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -10.12% | -13.96% | +3.84% |
Current DrawdownCurrent decline from peak | -0.73% | -1.46% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -4.25% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.85% | -0.29% |
Volatility
XIGS.TO vs. ESGB.TO - Volatility Comparison
The current volatility for iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) is 0.74%, while BMO ESG Corporate Bond Index ETF (ESGB.TO) has a volatility of 1.73%. This indicates that XIGS.TO experiences smaller price fluctuations and is considered to be less risky than ESGB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIGS.TO | ESGB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.73% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 3.14% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.17% | 4.05% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 5.40% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 5.99% | -2.69% |
Dividends
XIGS.TO vs. ESGB.TO - Dividend Comparison
XIGS.TO's dividend yield for the trailing twelve months is around 4.54%, more than ESGB.TO's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGB.TO BMO ESG Corporate Bond Index ETF | 4.02% | 3.82% | 3.52% | 3.56% | 3.39% | 2.98% | 2.83% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.54% | 4.10% | 3.71% | 3.03% | 1.75% | 0.84% | 0.00% |
Frequently Asked Questions
XIGS.TO and ESGB.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.
They also come from different issuers: iShares and BMO.
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