XIU.TO vs. XBB.TO
XIU.TO (iShares S&P/TSX 60 Index ETF) and XBB.TO (iShares Core Canadian Universe Bond Index ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while XBB.TO is a Intermediate Core Bond fund tracking the FTSE Canada Universe Bond Index. Both are passively managed. Over the past 10 years, XIU.TO returned 12.76%/yr vs 1.55%/yr for XBB.TO. At a correlation of -0.11, they often move in opposite directions. XIU.TO charges 0.18%/yr vs 0.10%/yr for XBB.TO.
Performance
XIU.TO vs. XBB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIU.TO achieves a 9.69% return, which is significantly higher than XBB.TO's 0.89% return. Over the past 10 years, XIU.TO has outperformed XBB.TO with an annualized return of 12.76%, while XBB.TO has yielded a comparatively lower 1.55% 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%
XBB.TO
- 1D
- -0.39%
- 1M
- 0.01%
- YTD
- 0.89%
- 6M
- 1.29%
- 1Y
- 2.87%
- 3Y*
- 4.23%
- 5Y*
- 0.54%
- 10Y*
- 1.55%
XIU.TO vs. XBB.TO - 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% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 0.89% | 2.59% | 4.00% | 6.64% | -11.66% | -2.81% | 8.58% | 7.28% | 1.00% | 2.42% |
Correlation
The correlation between XIU.TO and XBB.TO 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | -0.11 |
The correlation between XIU.TO and XBB.TO shifts across timeframes, from -0.11 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XIU.TO vs. XBB.TO — Risk / Return Rank
XIU.TO
XBB.TO
XIU.TO vs. XBB.TO - 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 iShares Core Canadian Universe Bond Index ETF (XBB.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.
| XIU.TO | XBB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.11 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 1.06 | +3.04 |
| Martin ratioReturn relative to average drawdown | 18.93 | 2.47 | +16.45 |
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 | XBB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 0.66 | +1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.08 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.23 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.60 | -0.06 |
Drawdowns
XIU.TO vs. XBB.TO - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than XBB.TO's maximum drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for XIU.TO and XBB.TO.
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Drawdown Indicators
| XIU.TO | XBB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.98% | -18.16% | -28.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -2.73% | -4.92% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -5.42% | -6.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -15.90% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -18.16% | -17.30% |
Current DrawdownCurrent decline from peak | -1.68% | -1.98% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -3.07% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.16% | +0.49% |
Volatility
XIU.TO vs. XBB.TO - Volatility Comparison
iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 3.96% compared to iShares Core Canadian Universe Bond Index ETF (XBB.TO) at 1.54%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than XBB.TO 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 | XBB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 1.54% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.56% | 3.42% | +6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.97% | 4.37% | +7.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 6.63% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 6.70% | +8.32% |
XIU.TO vs. XBB.TO - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is higher than XBB.TO's 0.10% 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. XBB.TO - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.21%, less than XBB.TO's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.43% | 3.39% | 3.25% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% |
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 XBB.TO 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, XBB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XBB.TO is cheaper with a 0.10% expense ratio, compared with 0.18% for XIU.TO.
XIU.TO is categorized as Canada Equities, while XBB.TO is Intermediate Core Bond. XIU.TO tracks S&P/TSX 60 Index, while XBB.TO tracks FTSE Canada Universe Bond Index. Their fees differ too: 0.18% for XIU.TO and 0.10% for XBB.TO.
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