XLB.TO vs. VT
XLB.TO (iShares Core Canadian Long Term Bond Index ETF) and VT (Vanguard Total World Stock ETF) are both exchange-traded funds - XLB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 10+Y Core Bd GR CAD, while VT is a Global Equities fund tracking the FTSE Global All Cap Index. Both are passively managed. Over the past 10 years, XLB.TO returned 4.56%/yr vs 13.55%/yr for VT. At a correlation of -0.08, they often move in opposite directions. XLB.TO charges 0.20%/yr vs 0.06%/yr for VT.
Performance
XLB.TO vs. VT - Performance Comparison
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Different Trading Currencies
XLB.TO is traded in CAD, while VT is traded in USD. To make them comparable, the VT 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 2.77% return, which is significantly lower than VT's 13.67% return. Over the past 10 years, XLB.TO has underperformed VT with an annualized return of 4.56%, while VT has yielded a comparatively higher 13.55% annualized return.
XLB.TO
- 1D
- -0.11%
- 1M
- 3.02%
- YTD
- 2.77%
- 6M
- 0.93%
- 1Y
- 2.84%
- 3Y*
- 8.16%
- 5Y*
- 4.63%
- 10Y*
- 4.56%
VT
- 1D
- -0.47%
- 1M
- 7.00%
- YTD
- 13.67%
- 6M
- 12.70%
- 1Y
- 30.90%
- 3Y*
- 22.34%
- 5Y*
- 14.16%
- 10Y*
- 13.55%
XLB.TO vs. VT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 2.77% | -0.76% | 9.49% | 19.21% | -14.38% | 1.26% | 16.52% | 12.85% | -0.25% | 7.11% |
VT Vanguard Total World Stock ETF | 13.67% | 16.82% | 26.50% | 19.33% | -12.16% | 17.20% | 14.62% | 20.58% | -2.11% | 16.57% |
Correlation
The correlation between XLB.TO and VT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | -0.08 |
The correlation between XLB.TO and VT shifts across timeframes, from -0.08 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XLB.TO vs. VT — Risk / Return Rank
XLB.TO
VT
XLB.TO vs. VT - 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 Vanguard Total World Stock ETF (VT). 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.
| XLB.TO | VT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.49 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 3.87 | -3.28 |
| Martin ratioReturn relative to average drawdown | 1.11 | 15.72 | -14.62 |
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
| XLB.TO | VT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 2.56 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 1.05 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.91 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.91 | -0.36 |
Drawdowns
XLB.TO vs. VT - Drawdown Comparison
The maximum XLB.TO drawdown since its inception was -24.34%, smaller than the maximum VT drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for XLB.TO and VT.
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Drawdown Indicators
| XLB.TO | VT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.34% | -28.07% | +3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -8.03% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -16.40% | +6.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -21.17% | -3.17% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -28.07% | +3.73% |
Current DrawdownCurrent decline from peak | -2.17% | -0.47% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -3.54% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.97% | +0.60% |
Volatility
XLB.TO vs. VT - Volatility Comparison
The current volatility for iShares Core Canadian Long Term Bond Index ETF (XLB.TO) is 2.77%, while Vanguard Total World Stock ETF (VT) has a volatility of 3.71%. This indicates that XLB.TO experiences smaller price fluctuations and is considered to be less risky than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XLB.TO | VT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 3.71% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 5.77% | 9.76% | -3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 12.13% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 13.58% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 14.95% | -3.09% |
XLB.TO vs. VT - Expense Ratio Comparison
XLB.TO has a 0.20% expense ratio, which is higher than VT's 0.06% 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
XLB.TO vs. VT - Dividend Comparison
XLB.TO's dividend yield for the trailing twelve months is around 4.01%, more than VT's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VT Vanguard Total World Stock ETF | 1.59% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 4.01% | 4.05% | 12.10% | 12.22% | 13.13% | 8.82% | 7.43% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% |
Frequently Asked Questions
XLB.TO and VT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VT is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VT is cheaper with a 0.06% expense ratio, compared with 0.20% for XLB.TO.
XLB.TO is categorized as Canadian Government Bonds, while VT is Global Equities. XLB.TO tracks Morningstar Can 10+Y Core Bd GR CAD, while VT tracks FTSE Global All Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for XLB.TO and 0.06% for VT.
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