XIGS.TO vs. ESGF.TO
XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and ESGF.TO (BMO ESG US Corporate Bond Hedged to CAD Index ETF) are both Corporate Bonds funds. Over the past 5 years, XIGS.TO returned 1.33%/yr vs -1.73%/yr for ESGF.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
XIGS.TO vs. ESGF.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 higher than ESGF.TO's -0.85% 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*
- —
ESGF.TO
- 1D
- 0.60%
- 1M
- -0.89%
- 6M
- -1.38%
- YTD
- -0.85%
- 1Y
- 2.17%
- 3Y*
- 2.01%
- 5Y*
- -1.73%
- 10Y*
- —
XIGS.TO vs. ESGF.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% |
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | -0.85% | 5.25% | -2.92% | 7.28% | -15.76% | -1.66% |
Correlation
The correlation between XIGS.TO and ESGF.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.19 |
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Return for Risk
XIGS.TO vs. ESGF.TO — Risk / Return Rank
XIGS.TO
ESGF.TO
XIGS.TO vs. ESGF.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 US Corporate Bond Hedged to CAD Index ETF (ESGF.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 | ESGF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.08 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.75 | +0.64 |
| Martin ratioReturn relative to average drawdown | 3.93 | 1.61 | +2.32 |
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Drawdowns
XIGS.TO vs. ESGF.TO - Drawdown Comparison
The maximum XIGS.TO drawdown since its inception was -10.12%, smaller than the maximum ESGF.TO drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for XIGS.TO and ESGF.TO.
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Drawdown Indicators
| XIGS.TO | ESGF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -23.55% | +13.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -2.92% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -8.77% | +7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -10.12% | -23.18% | +13.06% |
Current DrawdownCurrent decline from peak | -0.73% | -11.30% | +10.57% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -10.59% | +7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 1.35% | -0.79% |
Volatility
XIGS.TO vs. ESGF.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 US Corporate Bond Hedged to CAD Index ETF (ESGF.TO) has a volatility of 2.13%. This indicates that XIGS.TO experiences smaller price fluctuations and is considered to be less risky than ESGF.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 | ESGF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 2.13% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 3.83% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.17% | 5.00% | -2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 15.25% | -11.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 15.69% | -12.39% |
Dividends
XIGS.TO vs. ESGF.TO - Dividend Comparison
XIGS.TO's dividend yield for the trailing twelve months is around 4.54%, more than ESGF.TO's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ESGF.TO BMO ESG US Corporate Bond Hedged to CAD Index ETF | 4.42% | 4.14% | 4.08% | 4.06% | 3.77% | 2.93% | 2.75% |
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 ESGF.TO have a correlation of 0.29, 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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