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XLB.TO vs. BRK-B
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XLB.TO vs. BRK-B

Last updated Jun 13, 2026

XLB.TO (iShares Core Canadian Long Term Bond Index ETF) is Canadian Government Bonds fund tracking the Morningstar Can 10+Y Core Bd GR CAD, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, XLB.TO returned 0.73%/yr vs 14.21%/yr for BRK-B. At a correlation of -0.14, they often move in opposite directions.

Performance

XLB.TO vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Canadian Long Term Bond Index ETF (XLB.TO) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XLB.TO achieves a 2.39% return, which is significantly higher than BRK-B's -0.59% return. Over the past 10 years, XLB.TO has underperformed BRK-B with an annualized return of 0.73%, while BRK-B has yielded a comparatively higher 14.21% annualized return.

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%

BRK-B

1D
1.00%
1M
2.90%
YTD
-0.59%
6M
-0.55%
1Y
2.12%
3Y*
15.04%
5Y*
14.56%
10Y*
14.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XLB.TO vs. BRK-B - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
BRK-B
Berkshire Hathaway Inc.		-0.59%5.83%37.85%12.71%9.86%28.89%-0.06%6.36%11.67%13.39%

Correlation

The correlation between XLB.TO and BRK-B 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

0.09

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

0.03

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

-0.09

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2006

-0.14

The correlation between XLB.TO and BRK-B shifts across timeframes, from -0.14 (all time) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares Core Canadian Long Term Bond Index ETF

Berkshire Hathaway Inc.

Often compared with XLB.TO:
XLB.TO vs. XBB.TOXLB.TO vs. XSB.TOXLB.TO vs. TLTXLB.TO vs. XTLT.TOXLB.TO vs. XCB.TOXLB.TO vs. ZFL.TOXLB.TO vs. XHB.TO
Often compared with BRK-B:
BRK-B vs. SPYBRK-B vs. VOOBRK-B vs. BRK-ABRK-B vs. QQQBRK-B vs. ^NDXBRK-B vs. VTIBRK-B vs. VGT

Return for Risk

XLB.TO vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XLB.TO
XLB.TO Risk / Return Rank: 1616
Overall Rank
XLB.TO Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
XLB.TO Sortino Ratio Rank: 1515
Sortino Ratio Rank
XLB.TO Omega Ratio Rank: 1515
Omega Ratio Rank
XLB.TO Calmar Ratio Rank: 1919
Calmar Ratio Rank
XLB.TO Martin Ratio Rank: 1616
Martin Ratio Rank
BRK-B
BRK-B Risk / Return Rank: 3939
Overall Rank
BRK-B Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
BRK-B Sortino Ratio Rank: 3434
Sortino Ratio Rank
BRK-B Omega Ratio Rank: 3333
Omega Ratio Rank
BRK-B Calmar Ratio Rank: 4242
Calmar Ratio Rank
BRK-B Martin Ratio Rank: 4242
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.

XLB.TO vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Long Term Bond Index ETF (XLB.TO) and Berkshire Hathaway Inc. (BRK-B). 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.

XLB.TOBRK-BDifference
Sharpe ratioReturn per unit of total volatility
0.42
0.14

+0.29

Sortino ratioReturn per unit of downside risk
0.63
0.29

+0.34

Omega ratioGain probability vs. loss probability

1.08

1.04

+0.04

Calmar ratioReturn relative to maximum drawdown

0.70

0.18

+0.52

Martin ratioReturn relative to average drawdown

1.34

0.37

+0.96

XLB.TO vs. BRK-B - Sharpe Ratio Comparison

The current XLB.TO Sharpe Ratio is 0.42, which is higher than the BRK-B Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of XLB.TO and BRK-B, 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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Drawdowns

XLB.TO vs. BRK-B - Drawdown Comparison

The maximum XLB.TO drawdown since its inception was -32.97%, smaller than the maximum BRK-B drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for XLB.TO and BRK-B.

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Drawdown Indicators

XLB.TOBRK-BDifference

Max Drawdown

Largest peak-to-trough decline

-32.97%

-41.13%

+8.16%

Max Drawdown (1Y)

Largest decline over 1 year

-4.85%

-12.05%

+7.20%

Max Drawdown (3Y)

Largest decline over 3 years

-11.66%

-17.69%

+6.03%

Max Drawdown (5Y)

Largest decline over 5 years

-27.81%

-23.03%

-4.78%

Max Drawdown (10Y)

Largest decline over 10 years

-32.97%

-23.14%

-9.83%

Current Drawdown

Current decline from peak

-18.72%

-10.96%

-7.76%

Average Drawdown

Average peak-to-trough decline

-7.72%

-9.95%

+2.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

5.68%

-3.15%

Volatility

XLB.TO vs. BRK-B - Volatility Comparison

The current volatility for iShares Core Canadian Long Term Bond Index ETF (XLB.TO) is 2.89%, while Berkshire Hathaway Inc. (BRK-B) has a volatility of 4.37%. This indicates that XLB.TO experiences smaller price fluctuations and is considered to be less risky than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XLB.TOBRK-BDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

4.37%

-1.48%

Volatility (6M)

Calculated over the trailing 6-month period

5.76%

11.47%

-5.71%

Volatility (1Y)

Calculated over the trailing 1-year period

8.00%

15.33%

-7.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.36%

18.07%

-5.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.67%

20.44%

-8.77%

Dividends

XLB.TO vs. BRK-B - Dividend Comparison

XLB.TO's dividend yield for the trailing twelve months is around 4.02%, while BRK-B has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BRK-B
Berkshire Hathaway Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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

XLB.TO and BRK-B 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.

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