XLB.TO vs. SPY
Compare and contrast key facts about iShares Core Canadian Long Term Bond Index ETF (XLB.TO) and SPDR S&P 500 ETF (SPY).
XLB.TO and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 10+Y Core Bd GR CAD. It was launched on Nov 6, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XLB.TO and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XLB.TO or SPY.
Key characteristics
| XLB.TO | SPY | |
|---|---|---|
| YTD Return | 0.99% | 26.77% |
| 1Y Return | 12.00% | 37.43% |
| 3Y Return (Ann) | -3.08% | 10.15% |
| 5Y Return (Ann) | -1.87% | 15.86% |
| 10Y Return (Ann) | 2.00% | 13.33% |
| Sharpe Ratio | 1.05 | 3.06 |
| Sortino Ratio | 1.55 | 4.08 |
| Omega Ratio | 1.18 | 1.58 |
| Calmar Ratio | 0.43 | 4.44 |
| Martin Ratio | 2.55 | 20.11 |
| Ulcer Index | 4.83% | 1.85% |
| Daily Std Dev | 11.67% | 12.18% |
| Max Drawdown | -32.96% | -55.19% |
| Current Drawdown | -19.79% | -0.31% |
Correlation
The correlation between XLB.TO and SPY is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XLB.TO vs. SPY - Performance Comparison
In the year-to-date period, XLB.TO achieves a 0.99% return, which is significantly lower than SPY's 26.77% return. Over the past 10 years, XLB.TO has underperformed SPY with an annualized return of 2.00%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XLB.TO vs. SPY - Expense Ratio Comparison
XLB.TO has a 0.20% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
XLB.TO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Long Term Bond Index ETF (XLB.TO) and SPDR S&P 500 ETF (SPY). 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.
Dividends
XLB.TO vs. SPY - Dividend Comparison
XLB.TO's dividend yield for the trailing twelve months is around 3.80%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 3.80% | 3.73% | 3.97% | 3.03% | 2.90% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% | 3.90% | 4.14% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XLB.TO vs. SPY - Drawdown Comparison
The maximum XLB.TO drawdown since its inception was -32.96%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XLB.TO and SPY. For additional features, visit the drawdowns tool.
Volatility
XLB.TO vs. SPY - Volatility Comparison
iShares Core Canadian Long Term Bond Index ETF (XLB.TO) and SPDR S&P 500 ETF (SPY) have volatilities of 4.05% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.