XIGS.TO vs. ISTB
XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and ISTB (iShares Core 1-5 Year USD Bond ETF) are both exchange-traded funds - XIGS.TO is a Corporate Bonds fund tracking the ICE BofA 1-5 Year US Corporate Index (CAD-Hedged), while ISTB is a Short-Term Bond fund tracking the BBG US Universal 1-5 Year Index (USD). Both are passively managed. Over the past 3 years, XIGS.TO returned 4.15%/yr vs 7.82%/yr for ISTB. At a 0.20 correlation, their price movements are largely independent. XIGS.TO charges 0.16%/yr vs 0.06%/yr for ISTB.
Performance
XIGS.TO vs. ISTB - Performance Comparison
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Different Trading Currencies
XIGS.TO is traded in CAD, while ISTB is traded in USD. To make them comparable, the ISTB values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XIGS.TO achieves a -0.04% return, which is significantly lower than ISTB's 4.46% return.
XIGS.TO
- 1D
- 0.16%
- 1M
- -0.27%
- YTD
- -0.04%
- 6M
- 0.05%
- 1Y
- 2.00%
- 3Y*
- 4.15%
- 5Y*
- —
- 10Y*
- —
ISTB
- 1D
- 0.51%
- 1M
- 3.58%
- YTD
- 4.46%
- 6M
- 4.64%
- 1Y
- 7.26%
- 3Y*
- 7.82%
- 5Y*
- 4.89%
- 10Y*
- 3.30%
XIGS.TO vs. ISTB - 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) | -0.04% | 4.82% | 3.76% | 5.39% | -5.89% | -0.97% |
ISTB iShares Core 1-5 Year USD Bond ETF | 4.46% | 1.51% | 13.21% | 3.04% | -0.13% | 0.82% |
Correlation
The correlation between XIGS.TO and ISTB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.20 |
The correlation between XIGS.TO and ISTB shifts across timeframes, from 0.20 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XIGS.TO vs. ISTB — Risk / Return Rank
XIGS.TO
ISTB
XIGS.TO vs. ISTB - 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 iShares Core 1-5 Year USD Bond ETF (ISTB). 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 | ISTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 1.91 | -0.65 |
| Martin ratioReturn relative to average drawdown | 3.56 | 4.57 | -1.01 |
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Drawdowns
XIGS.TO vs. ISTB - Drawdown Comparison
The maximum XIGS.TO drawdown since its inception was -10.12%, smaller than the maximum ISTB drawdown of -14.51%. Use the drawdown chart below to compare losses from any high point for XIGS.TO and ISTB.
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Drawdown Indicators
| XIGS.TO | ISTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -14.51% | +4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -3.82% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -5.59% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.20% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.51% | — |
Current DrawdownCurrent decline from peak | -0.75% | 0.00% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -4.67% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 1.59% | -1.03% |
Volatility
XIGS.TO vs. ISTB - Volatility Comparison
The current volatility for iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) is 0.60%, while iShares Core 1-5 Year USD Bond ETF (ISTB) has a volatility of 1.28%. This indicates that XIGS.TO experiences smaller price fluctuations and is considered to be less risky than ISTB 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 | ISTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 1.28% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 3.45% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.25% | 4.84% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 6.85% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 7.03% | -3.73% |
XIGS.TO vs. ISTB - Expense Ratio Comparison
XIGS.TO has a 0.16% expense ratio, which is higher than ISTB's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XIGS.TO vs. ISTB - Dividend Comparison
XIGS.TO's dividend yield for the trailing twelve months is around 4.46%, more than ISTB's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISTB iShares Core 1-5 Year USD Bond ETF | 4.24% | 4.12% | 3.83% | 2.97% | 2.01% | 1.69% | 2.20% | 2.75% | 2.57% | 2.06% | 1.90% | 1.58% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.46% | 4.10% | 3.71% | 3.03% | 1.75% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XIGS.TO and ISTB have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISTB is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISTB is cheaper with a 0.06% expense ratio, compared with 0.16% for XIGS.TO.
XIGS.TO is categorized as Corporate Bonds, while ISTB is Short-Term Bond. XIGS.TO tracks ICE BofA 1-5 Year US Corporate Index (CAD-Hedged), while ISTB tracks BBG US Universal 1-5 Year Index (USD). Their fees differ too: 0.16% for XIGS.TO and 0.06% for ISTB.
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