XLB.TO vs. XFLB.TO
XLB.TO (iShares Core Canadian Long Term Bond Index ETF) and XFLB.TO (iShares Core Canadian 15+ Year Federal Bond Index ETF) are both Canadian Government Bonds funds from iShares tracking the Morningstar Can 10+Y Core Bd GR CAD. Both are passively managed. Over the past 3 years, XLB.TO returned 8.16%/yr vs -1.06%/yr for XFLB.TO. A 0.67 correlation means they provide meaningful diversification when combined. XLB.TO charges 0.20%/yr vs 0.17%/yr for XFLB.TO.
Performance
XLB.TO vs. XFLB.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XLB.TO achieves a 2.77% return, which is significantly higher than XFLB.TO's 2.42% 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%
XFLB.TO
- 1D
- 0.11%
- 1M
- 3.14%
- YTD
- 2.42%
- 6M
- -0.48%
- 1Y
- -0.95%
- 3Y*
- -1.06%
- 5Y*
- —
- 10Y*
- —
XLB.TO vs. XFLB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 2.77% | -0.76% | 9.49% | 15.47% |
XFLB.TO iShares Core Canadian 15+ Year Federal Bond Index ETF | 2.42% | -6.17% | -2.12% | 4.63% |
Correlation
The correlation between XLB.TO and XFLB.TO is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2023 | 0.67 |
The correlation between XLB.TO and XFLB.TO has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XLB.TO vs. XFLB.TO — Risk / Return Rank
XLB.TO
XFLB.TO
XLB.TO vs. XFLB.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 Canadian 15+ Year Federal Bond Index ETF (XFLB.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 | XFLB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.99 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | -0.14 | +0.72 |
| Martin ratioReturn relative to average drawdown | 1.11 | -0.23 | +1.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XLB.TO | XFLB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | -0.09 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
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 | -0.03 | +0.58 |
Drawdowns
XLB.TO vs. XFLB.TO - Drawdown Comparison
The maximum XLB.TO drawdown since its inception was -24.34%, which is greater than XFLB.TO's maximum drawdown of -20.54%. Use the drawdown chart below to compare losses from any high point for XLB.TO and XFLB.TO.
Loading charts...
Drawdown Indicators
| XLB.TO | XFLB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.34% | -20.54% | -3.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -7.04% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -15.61% | +5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | — | — |
Current DrawdownCurrent decline from peak | -2.17% | -9.31% | +7.14% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -8.16% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 4.09% | -1.52% |
Volatility
XLB.TO vs. XFLB.TO - Volatility Comparison
The current volatility for iShares Core Canadian Long Term Bond Index ETF (XLB.TO) is 2.77%, while iShares Core Canadian 15+ Year Federal Bond Index ETF (XFLB.TO) has a volatility of 3.80%. This indicates that XLB.TO experiences smaller price fluctuations and is considered to be less risky than XFLB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XLB.TO | XFLB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 3.80% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.77% | 8.15% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 10.27% | -2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 15.65% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 15.65% | -3.79% |
XLB.TO vs. XFLB.TO - Expense Ratio Comparison
XLB.TO has a 0.20% expense ratio, which is higher than XFLB.TO's 0.17% 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. XFLB.TO - Dividend Comparison
XLB.TO's dividend yield for the trailing twelve months is around 4.01%, more than XFLB.TO's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFLB.TO iShares Core Canadian 15+ Year Federal Bond Index ETF | 3.06% | 3.05% | 2.72% | 2.27% | 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 | 4.01% | 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 XFLB.TO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFLB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFLB.TO is cheaper with a 0.17% expense ratio, compared with 0.20% for XLB.TO.
Both ETFs track Morningstar Can 10+Y Core Bd GR CAD. Their fees differ too: 0.20% for XLB.TO and 0.17% for XFLB.TO.
Find the right allocation for XLB.TO and XFLB.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer