XIU.TO vs. XLB.TO
XIU.TO (iShares S&P/TSX 60 Index ETF) and XLB.TO (iShares Core Canadian Long Term Bond Index ETF) are both exchange-traded funds - XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index, while XLB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 10+Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, XIU.TO returned 13.04%/yr vs 0.73%/yr for XLB.TO. At a correlation of -0.10, they often move in opposite directions. XIU.TO charges 0.18%/yr vs 0.20%/yr for XLB.TO.
Performance
XIU.TO vs. XLB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIU.TO achieves a 11.35% return, which is significantly higher than XLB.TO's 2.39% return. Over the past 10 years, XIU.TO has outperformed XLB.TO with an annualized return of 13.04%, while XLB.TO has yielded a comparatively lower 0.73% annualized return.
XIU.TO
- 1D
- 0.62%
- 1M
- 4.37%
- YTD
- 11.35%
- 6M
- 12.04%
- 1Y
- 32.43%
- 3Y*
- 22.94%
- 5Y*
- 14.53%
- 10Y*
- 13.04%
XLB.TO
- 1D
- -0.11%
- 1M
- 1.92%
- YTD
- 2.39%
- 6M
- 2.94%
- 1Y
- 3.38%
- 3Y*
- 3.43%
- 5Y*
- -1.77%
- 10Y*
- 0.73%
XIU.TO vs. XLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 11.35% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 2.39% | -0.76% | 0.71% | 9.15% | -21.64% | -4.59% | 11.18% | 12.85% | -0.25% | 7.11% |
Correlation
The correlation between XIU.TO and XLB.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
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 | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2006 | -0.10 |
The correlation between XIU.TO and XLB.TO shifts across timeframes, from -0.10 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XIU.TO vs. XLB.TO — Risk / Return Rank
XIU.TO
XLB.TO
XIU.TO vs. XLB.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 Long Term Bond Index ETF (XLB.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.
| XIU.TO | XLB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.08 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 0.70 | +3.56 |
| Martin ratioReturn relative to average drawdown | 19.57 | 1.34 | +18.24 |
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Drawdowns
XIU.TO vs. XLB.TO - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than XLB.TO's maximum drawdown of -32.97%. Use the drawdown chart below to compare losses from any high point for XIU.TO and XLB.TO.
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Drawdown Indicators
| XIU.TO | XLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.98% | -32.97% | -14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -4.85% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -11.66% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -27.81% | +11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -32.97% | -2.49% |
Current DrawdownCurrent decline from peak | -0.19% | -18.72% | +18.53% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -7.72% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.53% | -0.87% |
Volatility
XIU.TO vs. XLB.TO - Volatility Comparison
iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 4.06% compared to iShares Core Canadian Long Term Bond Index ETF (XLB.TO) at 2.89%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than XLB.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 | XLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.89% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 5.76% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 8.00% | +4.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.83% | 12.36% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 11.67% | +3.35% |
XIU.TO vs. XLB.TO - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is lower than XLB.TO's 0.20% expense ratio. Despite the difference, 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. XLB.TO - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.18%, less than XLB.TO's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.18% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 4.02% | 4.05% | 3.82% | 3.73% | 3.97% | 3.03% | 2.90% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% |
Frequently Asked Questions
XIU.TO and XLB.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.20% for XLB.TO.
XIU.TO is categorized as Canada Equities, while XLB.TO is Canadian Government Bonds. XIU.TO tracks S&P/TSX 60 Index, while XLB.TO tracks Morningstar Can 10+Y Core Bd GR CAD. Their fees differ too: 0.18% for XIU.TO and 0.20% for XLB.TO.
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