XLB.TO vs. XDIV.TO
XLB.TO (iShares Core Canadian Long Term Bond Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index 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 XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, XLB.TO returned 4.63%/yr vs 16.42%/yr for XDIV.TO. At a correlation of -0.01, they often move in opposite directions. XLB.TO charges 0.20%/yr vs 0.11%/yr for XDIV.TO.
Performance
XLB.TO vs. XDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XLB.TO achieves a 2.77% return, which is significantly lower than XDIV.TO's 19.17% 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%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
XLB.TO vs. XDIV.TO - 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% | 0.06% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Correlation
The correlation between XLB.TO and XDIV.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | -0.01 |
The correlation between XLB.TO and XDIV.TO shifts across timeframes, from -0.01 (all time) to 0.19 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XLB.TO vs. XDIV.TO — Risk / Return Rank
XLB.TO
XDIV.TO
XLB.TO vs. XDIV.TO - 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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
| XLB.TO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.58 | ||
| Sortino ratioReturn per unit of downside risk | -6.75 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 2.03 | -0.96 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 16.64 | -16.05 |
| Martin ratioReturn relative to average drawdown | 1.11 | 56.55 | -55.44 |
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 | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 4.94 | -4.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 1.57 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.81 | -0.26 |
Drawdowns
XLB.TO vs. XDIV.TO - Drawdown Comparison
The maximum XLB.TO drawdown since its inception was -24.34%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for XLB.TO and XDIV.TO.
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Drawdown Indicators
| XLB.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.34% | -41.30% | +16.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -2.33% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -10.53% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -17.60% | -6.74% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | — | — |
Current DrawdownCurrent decline from peak | -2.17% | -0.09% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -4.25% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 0.69% | +1.88% |
Volatility
XLB.TO vs. XDIV.TO - Volatility Comparison
iShares Core Canadian Long Term Bond Index ETF (XLB.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) have volatilities of 2.77% and 2.81%, 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.
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Volatility by Period
| XLB.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 2.81% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 5.77% | 6.36% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 7.85% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 10.53% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 16.01% | -4.15% |
XLB.TO vs. XDIV.TO - Expense Ratio Comparison
XLB.TO has a 0.20% expense ratio, which is higher than XDIV.TO's 0.11% 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. XDIV.TO - Dividend Comparison
XLB.TO's dividend yield for the trailing twelve months is around 4.01%, more than XDIV.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% | 0.00% |
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 XDIV.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.20% for XLB.TO.
XLB.TO is categorized as Canadian Government Bonds, while XDIV.TO is Dividend. XLB.TO tracks Morningstar Can 10+Y Core Bd GR CAD, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.20% for XLB.TO and 0.11% for XDIV.TO.
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