XLB.TO vs. XGRO.TO
XLB.TO (iShares Core Canadian Long Term Bond Index ETF) and XGRO.TO (iShares Core Growth 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 XGRO.TO is a Diversified Portfolio fund actively managed by iShares. XLB.TO is passively managed, while XGRO.TO is actively managed. Over the past 10 years, XLB.TO returned 4.56%/yr vs 10.20%/yr for XGRO.TO. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.20% expense ratio.
Performance
XLB.TO vs. XGRO.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 XGRO.TO's 10.38% return. Over the past 10 years, XLB.TO has underperformed XGRO.TO with an annualized return of 4.56%, while XGRO.TO has yielded a comparatively higher 10.20% 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%
XGRO.TO
- 1D
- -0.18%
- 1M
- 5.42%
- YTD
- 10.38%
- 6M
- 8.74%
- 1Y
- 23.44%
- 3Y*
- 17.87%
- 5Y*
- 10.83%
- 10Y*
- 10.20%
XLB.TO vs. XGRO.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% | 7.11% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.38% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 11.51% | 17.97% | -6.73% | 11.61% |
Correlation
The correlation between XLB.TO and XGRO.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2007 | -0.01 |
The correlation between XLB.TO and XGRO.TO shifts across timeframes, from -0.01 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XLB.TO vs. XGRO.TO — Risk / Return Rank
XLB.TO
XGRO.TO
XLB.TO vs. XGRO.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 Growth ETF Portfolio (XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.41 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 3.30 | -2.72 |
| Martin ratioReturn relative to average drawdown | 1.11 | 14.67 | -13.56 |
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 | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 2.18 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.99 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.84 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.35 | +0.20 |
Drawdowns
XLB.TO vs. XGRO.TO - Drawdown Comparison
The maximum XLB.TO drawdown since its inception was -24.34%, smaller than the maximum XGRO.TO drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for XLB.TO and XGRO.TO.
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Drawdown Indicators
| XLB.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.34% | -47.97% | +23.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.85% | -7.12% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -9.74% | -12.47% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -18.40% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -25.85% | +1.51% |
Current DrawdownCurrent decline from peak | -2.17% | -0.18% | -1.99% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -8.49% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.60% | +0.97% |
Volatility
XLB.TO vs. XGRO.TO - Volatility Comparison
The current volatility for iShares Core Canadian Long Term Bond Index ETF (XLB.TO) is 2.77%, while iShares Core Growth ETF Portfolio (XGRO.TO) has a volatility of 3.43%. This indicates that XLB.TO experiences smaller price fluctuations and is considered to be less risky than XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 3.43% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 5.77% | 9.19% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 10.78% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 11.05% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.86% | 12.26% | -0.40% |
XLB.TO vs. XGRO.TO - Expense Ratio Comparison
Both XLB.TO and XGRO.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. XGRO.TO - Dividend Comparison
XLB.TO's dividend yield for the trailing twelve months is around 4.01%, more than XGRO.TO's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XGRO.TO iShares Core Growth ETF Portfolio | 1.76% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
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 XGRO.TO have a correlation of 0.36, 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 XGRO.TO have the same expense ratio: 0.20% per year.
XLB.TO is categorized as Canadian Government Bonds, while XGRO.TO is Diversified Portfolio.
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