XLB.TO vs. XEQT.TO
XLB.TO (iShares Core Canadian Long Term Bond Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XLB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 10+Y Core Bd GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XLB.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XLB.TO returned 4.63%/yr vs 13.72%/yr for XEQT.TO. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
XLB.TO vs. XEQT.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 XEQT.TO's 12.29% 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%
XEQT.TO
- 1D
- -0.56%
- 1M
- 5.98%
- YTD
- 12.29%
- 6M
- 11.20%
- 1Y
- 29.24%
- 3Y*
- 21.78%
- 5Y*
- 13.72%
- 10Y*
- —
XLB.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 2.77% | -0.76% | 9.49% | 19.21% | -14.38% | 1.26% | 16.52% | -3.92% |
XEQT.TO iShares Core Equity ETF Portfolio | 12.29% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Correlation
The correlation between XLB.TO and XEQT.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.11 |
Over the past year, XLB.TO and XEQT.TO have become more correlated (0.37) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
XLB.TO vs. XEQT.TO — Risk / Return Rank
XLB.TO
XEQT.TO
XLB.TO vs. XEQT.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 Equity ETF Portfolio (XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.47 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 3.56 | -2.97 |
| Martin ratioReturn relative to average drawdown | 1.11 | 15.50 | -14.40 |
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 | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 2.53 | -2.17 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.95 | -0.40 |
Drawdowns
XLB.TO vs. XEQT.TO - Drawdown Comparison
The maximum XLB.TO drawdown since its inception was -24.34%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XLB.TO and XEQT.TO.
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Drawdown Indicators
| XLB.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.34% | -29.74% | +5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -8.25% | +3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -15.08% | +5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -19.56% | -4.78% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | — | — |
Current DrawdownCurrent decline from peak | -2.17% | -0.56% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -4.11% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.89% | +0.68% |
Volatility
XLB.TO vs. XEQT.TO - Volatility Comparison
The current volatility for iShares Core Canadian Long Term Bond Index ETF (XLB.TO) is 2.77%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XLB.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO 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 | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 3.70% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 5.77% | 9.38% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 11.63% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 13.12% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 15.56% | -3.70% |
XLB.TO vs. XEQT.TO - Expense Ratio Comparison
Both XLB.TO and XEQT.TO have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XLB.TO vs. XEQT.TO - Dividend Comparison
XLB.TO's dividend yield for the trailing twelve months is around 4.01%, more than XEQT.TO's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 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 XEQT.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XLB.TO and XEQT.TO have the same expense ratio: 0.20% per year.
XLB.TO is categorized as Canadian Government Bonds, while XEQT.TO is Global Equities.
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