XIU.TO vs. VCSH
XIU.TO (iShares S&P/TSX 60 Index ETF) and VCSH (Vanguard Short-Term Corporate Bond ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while VCSH is a Corporate Bonds fund tracking the Bloomberg U.S. 1-5 Year Corporate Bond Index. Both are passively managed. Over the past 10 years, XIU.TO returned 12.76%/yr vs 3.60%/yr for VCSH. At a correlation of -0.00, they often move in opposite directions. XIU.TO charges 0.18%/yr vs 0.04%/yr for VCSH.
Performance
XIU.TO vs. VCSH - Performance Comparison
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Different Trading Currencies
XIU.TO is traded in CAD, while VCSH is traded in USD. To make them comparable, the VCSH 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 VCSH's 2.27% return. Over the past 10 years, XIU.TO has outperformed VCSH with an annualized return of 12.76%, while VCSH has yielded a comparatively lower 3.60% 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%
VCSH
- 1D
- 0.30%
- 1M
- 1.81%
- YTD
- 2.27%
- 6M
- 1.72%
- 1Y
- 6.69%
- 3Y*
- 7.07%
- 5Y*
- 5.19%
- 10Y*
- 3.60%
XIU.TO vs. VCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VCSH Vanguard Short-Term Corporate Bond ETF | 2.27% | 1.90% | 13.80% | 3.67% | 0.36% | -0.68% | 2.64% | 2.61% | 9.41% | -4.74% |
Correlation
The correlation between XIU.TO and VCSH is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | -0.00 |
The correlation between XIU.TO and VCSH shifts across timeframes, from -0.00 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XIU.TO vs. VCSH — Risk / Return Rank
XIU.TO
VCSH
XIU.TO vs. VCSH - 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 Short-Term Corporate Bond ETF (VCSH). 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.TO | VCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.24 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 1.84 | +2.25 |
| Martin ratioReturn relative to average drawdown | 18.93 | 4.41 | +14.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XIU.TO | VCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 1.38 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.75 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.49 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.59 | -0.04 |
Drawdowns
XIU.TO vs. VCSH - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than VCSH's maximum drawdown of -13.31%. Use the drawdown chart below to compare losses from any high point for XIU.TO and VCSH.
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Drawdown Indicators
| XIU.TO | VCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.98% | -13.31% | -33.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -3.65% | -4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -5.50% | -6.86% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -8.39% | -7.97% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -13.31% | -22.15% |
Current DrawdownCurrent decline from peak | -1.68% | -0.38% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -3.98% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.52% | +0.13% |
Volatility
XIU.TO vs. VCSH - Volatility Comparison
iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 3.96% compared to Vanguard Short-Term Corporate Bond ETF (VCSH) at 1.07%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than VCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIU.TO | VCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 1.07% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 3.47% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.97% | 4.89% | +7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 6.93% | +5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 7.31% | +7.71% |
XIU.TO vs. VCSH - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is higher than VCSH's 0.04% 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. VCSH - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.21%, less than VCSH's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCSH Vanguard Short-Term Corporate Bond ETF | 4.46% | 4.35% | 3.96% | 3.09% | 2.01% | 1.81% | 2.27% | 2.87% | 2.65% | 2.26% | 2.10% | 2.08% |
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 VCSH have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VCSH is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VCSH is cheaper with a 0.04% expense ratio, compared with 0.18% for XIU.TO.
XIU.TO is categorized as Canada Equities, while VCSH is Corporate Bonds. XIU.TO tracks S&P/TSX 60 Index, while VCSH tracks Bloomberg U.S. 1-5 Year Corporate Bond Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for XIU.TO and 0.04% for VCSH.
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