XIGS.TO vs. PSB.TO
XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and PSB.TO (Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF) are both Corporate Bonds funds - XIGS.TO tracks the ICE BofA 1-5 Year US Corporate Index (CAD-Hedged) while PSB.TO tracks the FTSE Canada Investment Grade 1-5 Year Laddered Corporate Bond Index. Both are passively managed. Over the past 5 years, XIGS.TO returned 1.33%/yr vs 2.95%/yr for PSB.TO. At a 0.47 correlation, their price movements are largely independent. XIGS.TO charges 0.16%/yr vs 0.28%/yr for PSB.TO.
Performance
XIGS.TO vs. PSB.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 PSB.TO's 1.60% 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*
- —
PSB.TO
- 1D
- 0.11%
- 1M
- -0.01%
- 6M
- 1.04%
- YTD
- 1.60%
- 1Y
- 4.40%
- 3Y*
- 6.06%
- 5Y*
- 2.95%
- 10Y*
- 2.71%
XIGS.TO vs. PSB.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% |
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF | 1.60% | 4.68% | 7.08% | 6.44% | -3.89% | -0.45% |
Correlation
The correlation between XIGS.TO and PSB.TO is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.47 |
The correlation between XIGS.TO and PSB.TO has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
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Return for Risk
XIGS.TO vs. PSB.TO — Risk / Return Rank
XIGS.TO
PSB.TO
XIGS.TO vs. PSB.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 Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.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 | PSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 3.20 | -1.81 |
| Martin ratioReturn relative to average drawdown | 3.93 | 9.77 | -5.84 |
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Drawdowns
XIGS.TO vs. PSB.TO - Drawdown Comparison
The maximum XIGS.TO drawdown since its inception was -10.12%, smaller than the maximum PSB.TO drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for XIGS.TO and PSB.TO.
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Drawdown Indicators
| XIGS.TO | PSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -13.24% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -1.38% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -1.89% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -10.12% | -7.93% | -2.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.24% | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.17% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -1.00% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.45% | +0.11% |
Volatility
XIGS.TO vs. PSB.TO - Volatility Comparison
iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) has a higher volatility of 0.74% compared to Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) at 0.67%. This indicates that XIGS.TO's price experiences larger fluctuations and is considered to be riskier than PSB.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 | PSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.67% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 1.96% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.17% | 2.76% | -0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 3.32% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 4.85% | -1.55% |
XIGS.TO vs. PSB.TO - Expense Ratio Comparison
XIGS.TO has a 0.16% expense ratio, which is lower than PSB.TO's 0.28% expense ratio.
Dividends
XIGS.TO vs. PSB.TO - Dividend Comparison
XIGS.TO's dividend yield for the trailing twelve months is around 4.54%, more than PSB.TO's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF | 3.20% | 3.18% | 3.12% | 3.09% | 3.13% | 2.91% | 2.74% | 3.00% | 3.37% | 3.61% | 4.01% | 4.04% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XIGS.TO and PSB.TO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIGS.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIGS.TO is cheaper with a 0.16% expense ratio, compared with 0.28% for PSB.TO.
XIGS.TO tracks ICE BofA 1-5 Year US Corporate Index (CAD-Hedged), while PSB.TO tracks FTSE Canada Investment Grade 1-5 Year Laddered Corporate Bond Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.16% for XIGS.TO and 0.28% for PSB.TO.
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