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XIU.TO vs. BNDX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIU.TO vs. BNDX

Last updated Jun 9, 2026

XIU.TO (iShares S&P/TSX 60 Index ETF) and BNDX (Vanguard Total International Bond ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while BNDX is a Global Bonds fund tracking the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). Both are passively managed. Over the past 10 years, XIU.TO returned 12.76%/yr vs 2.58%/yr for BNDX. At a 0.02 correlation, their price movements are largely independent. XIU.TO charges 0.18%/yr vs 0.07%/yr for BNDX.

Performance

XIU.TO vs. BNDX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX 60 Index ETF (XIU.TO) and Vanguard Total International Bond ETF (BNDX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XIU.TO is traded in CAD, while BNDX is traded in USD. To make them comparable, the BNDX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XIU.TO achieves a 9.69% return, which is significantly higher than BNDX's 2.16% return. Over the past 10 years, XIU.TO has outperformed BNDX with an annualized return of 12.76%, while BNDX has yielded a comparatively lower 2.58% annualized return.

XIU.TO

1D
0.26%
1M
2.33%
YTD
9.69%
6M
11.69%
1Y
31.18%
3Y*
22.55%
5Y*
14.33%
10Y*
12.76%

BNDX

1D
0.11%
1M
1.88%
YTD
2.16%
6M
1.31%
1Y
3.89%
3Y*
5.49%
5Y*
3.10%
10Y*
2.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XIU.TO vs. BNDX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIU.TO
iShares S&P/TSX 60 Index ETF		9.69%28.89%20.73%11.85%-6.35%28.06%5.27%21.81%-7.82%9.58%
BNDX
Vanguard Total International Bond ETF		2.16%-1.83%12.34%6.18%-7.23%-2.34%2.16%3.42%11.46%-4.54%

Correlation

The correlation between XIU.TO and BNDX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.13

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (10Y)
Calculated over the trailing 10-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Jun 5, 2013

0.02

The correlation between XIU.TO and BNDX shifts across timeframes, from 0.02 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

XIU.TO vs. BNDX - Sectors Allocation Comparison

Sectors
XIU.TO
BNDX

Financial Services

39.4%
0.0%

Energy

18.6%
0.0%

Basic Materials

13.3%

-

Technology

8.8%

-

Industrials

7.9%
0.0%

Consumer Cyclical

4.1%

-

Consumer Defensive

3.2%

-

Utilities

2.6%
0.0%

Communication Services

2.0%
0.0%

Real Estate

0.2%
0.0%

Healthcare

-

0.0%

Financial Services

XIU.TO
39.4%
BNDX
0.0%

Energy

XIU.TO
18.6%
BNDX
0.0%

Basic Materials

XIU.TO
13.3%
BNDX

-

Technology

XIU.TO
8.8%
BNDX

-

Industrials

XIU.TO
7.9%
BNDX
0.0%

Consumer Cyclical

XIU.TO
4.1%
BNDX

-

Consumer Defensive

XIU.TO
3.2%
BNDX

-

Utilities

XIU.TO
2.6%
BNDX
0.0%

Communication Services

XIU.TO
2.0%
BNDX
0.0%

Real Estate

XIU.TO
0.2%
BNDX
0.0%

Healthcare

XIU.TO

-

BNDX
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P/TSX 60 Index ETF

Vanguard Total International Bond ETF

Often compared with XIU.TO:
XIU.TO vs. XIC.TOXIU.TO vs. ZCN.TOXIU.TO vs. XDIV.TOXIU.TO vs. XSP.TOXIU.TO vs. HXT.TOXIU.TO vs. SPYXIU.TO vs. XIT.TO
Often compared with BNDX:
BNDX vs. BNDBNDX vs. BNDWBNDX vs. VTABXBNDX vs. IAGGBNDX vs. FBIIXBNDX vs. IGOVBNDX vs. VWOB

Return for Risk

XIU.TO vs. BNDX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XIU.TO
XIU.TO Risk / Return Rank: 8686
Overall Rank
XIU.TO Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
XIU.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
XIU.TO Omega Ratio Rank: 8585
Omega Ratio Rank
XIU.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
XIU.TO Martin Ratio Rank: 9090
Martin Ratio Rank
BNDX
BNDX Risk / Return Rank: 1818
Overall Rank
BNDX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
BNDX Sortino Ratio Rank: 1717
Sortino Ratio Rank
BNDX Omega Ratio Rank: 1717
Omega Ratio Rank
BNDX Calmar Ratio Rank: 1818
Calmar Ratio Rank
BNDX Martin Ratio Rank: 1818
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XIU.TO vs. BNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and Vanguard Total International Bond ETF (BNDX). 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.

XIU.TOBNDXDifference
Sharpe ratioReturn per unit of total volatility
2.62
0.69

+1.93

Sortino ratioReturn per unit of downside risk
3.49
1.02

+2.48

Omega ratioGain probability vs. loss probability

1.47

1.12

+0.35

Calmar ratioReturn relative to maximum drawdown

4.09

0.89

+3.20

Martin ratioReturn relative to average drawdown

18.93

1.86

+17.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIU.TO vs. BNDX - Sharpe Ratio Comparison

The current XIU.TO Sharpe Ratio is 2.62, which is higher than the BNDX Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of XIU.TO and BNDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XIU.TOBNDXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.62

0.69

+1.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.12

0.39

+0.73

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.33

+0.53

Sharpe Ratio (All Time)

Calculated using the full available price history

0.55

0.59

-0.05

Drawdowns

XIU.TO vs. BNDX - Drawdown Comparison

The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than BNDX's maximum drawdown of -19.59%. Use the drawdown chart below to compare losses from any high point for XIU.TO and BNDX.

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Drawdown Indicators

XIU.TOBNDXDifference

Max Drawdown

Largest peak-to-trough decline

-46.98%

-19.59%

-27.39%

Max Drawdown (1Y)

Largest decline over 1 year

-7.65%

-4.38%

-3.27%

Max Drawdown (3Y)

Largest decline over 3 years

-12.36%

-6.79%

-5.57%

Max Drawdown (5Y)

Largest decline over 5 years

-16.36%

-13.67%

-2.69%

Max Drawdown (10Y)

Largest decline over 10 years

-35.46%

-19.59%

-15.87%

Current Drawdown

Current decline from peak

-1.68%

-2.75%

+1.07%

Average Drawdown

Average peak-to-trough decline

-6.85%

-5.79%

-1.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.65%

2.09%

-0.44%

Volatility

XIU.TO vs. BNDX - Volatility Comparison

iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 3.96% compared to Vanguard Total International Bond ETF (BNDX) at 1.76%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XIU.TOBNDXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

1.76%

+2.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.56%

4.25%

+5.31%

Volatility (1Y)

Calculated over the trailing 1-year period

11.97%

5.69%

+6.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.82%

7.99%

+4.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.02%

7.86%

+7.16%

XIU.TO vs. BNDX - Expense Ratio Comparison

XIU.TO has a 0.18% expense ratio, which is higher than BNDX's 0.07% 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

XIU.TO vs. BNDX - Dividend Comparison

XIU.TO's dividend yield for the trailing twelve months is around 2.21%, less than BNDX's 4.50% yield.

PositionTTM20252024202320222021202020192018201720162015
BNDX
Vanguard Total International Bond ETF		4.50%4.39%4.18%4.42%1.51%3.74%1.11%3.40%3.01%2.23%1.89%1.63%
XIU.TO
iShares S&P/TSX 60 Index ETF		2.21%2.39%2.92%3.16%3.02%2.43%3.03%2.87%3.18%2.58%2.65%3.19%

Frequently Asked Questions

XIU.TO and BNDX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, BNDX is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

BNDX is cheaper with a 0.07% expense ratio, compared with 0.18% for XIU.TO.

XIU.TO is categorized as Canada Equities, while BNDX is Global Bonds. XIU.TO tracks S&P/TSX 60 Index, while BNDX tracks Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for XIU.TO and 0.07% for BNDX.

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