XIGS.TO vs. RQO.TO
XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) and RQO.TO (RBC Target 2026 Corporate Bond Index ETF) are both Corporate Bonds funds. XIGS.TO is passively managed, while RQO.TO is actively managed. Over the past 5 years, XIGS.TO returned 1.33%/yr vs 1.59%/yr for RQO.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
XIGS.TO vs. RQO.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XIGS.TO achieves a -0.01% return, which is significantly lower than RQO.TO's 1.23% 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*
- —
RQO.TO
- 1D
- 0.05%
- 1M
- 0.24%
- 6M
- 1.17%
- YTD
- 1.23%
- 1Y
- 2.90%
- 3Y*
- 5.11%
- 5Y*
- 1.59%
- 10Y*
- —
XIGS.TO vs. RQO.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% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.23% | 3.57% | 5.40% | 6.86% | -7.50% | -0.79% |
Correlation
The correlation between XIGS.TO and RQO.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.40 |
Over the past year, the correlation between XIGS.TO and RQO.TO has dropped to 0.19 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XIGS.TO vs. RQO.TO — Risk / Return Rank
XIGS.TO
RQO.TO
XIGS.TO vs. RQO.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 RBC Target 2026 Corporate Bond Index ETF (RQO.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 | RQO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -5.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.05 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 27.50 | -26.11 |
| Martin ratioReturn relative to average drawdown | 3.93 | 91.66 | -87.73 |
Loading charts...
Drawdowns
XIGS.TO vs. RQO.TO - Drawdown Comparison
The maximum XIGS.TO drawdown since its inception was -10.12%, smaller than the maximum RQO.TO drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for XIGS.TO and RQO.TO.
Loading charts...
Drawdown Indicators
| XIGS.TO | RQO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.12% | -12.86% | +2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | -0.11% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -1.60% | -0.93% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -10.12% | -11.65% | +1.53% |
Current DrawdownCurrent decline from peak | -0.73% | 0.00% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -3.73% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.03% | +0.53% |
Volatility
XIGS.TO vs. RQO.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 RBC Target 2026 Corporate Bond Index ETF (RQO.TO) at 0.15%. This indicates that XIGS.TO's price experiences larger fluctuations and is considered to be riskier than RQO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XIGS.TO | RQO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.15% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 0.47% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.17% | 0.72% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 2.98% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 2.93% | +0.37% |
Dividends
XIGS.TO vs. RQO.TO - Dividend Comparison
XIGS.TO's dividend yield for the trailing twelve months is around 4.54%, more than RQO.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 3.03% | 2.66% | 2.56% | 1.98% | 1.86% | 1.97% | 0.52% |
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 RQO.TO have a correlation of 0.19, 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 RBC.
Find the right allocation for XIGS.TO and RQO.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer