XMU.TO vs. XSB.TO
XMU.TO (iShares MSCI Min Vol USA Index ETF) and XSB.TO (iShares Core Canadian Short Term Bond Index ETF) are both exchange-traded funds - XMU.TO is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while XSB.TO is a Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. Both are passively managed. Over the past 10 years, XMU.TO returned 8.80%/yr vs 1.96%/yr for XSB.TO. At a 0.10 correlation, their price movements are largely independent. XMU.TO charges 0.33%/yr vs 0.10%/yr for XSB.TO.
Performance
XMU.TO vs. XSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XMU.TO achieves a 5.16% return, which is significantly higher than XSB.TO's 1.06% return. Over the past 10 years, XMU.TO has outperformed XSB.TO with an annualized return of 8.80%, while XSB.TO has yielded a comparatively lower 1.96% annualized return.
XMU.TO
- 1D
- 0.39%
- 1M
- 1.31%
- 6M
- 3.43%
- YTD
- 5.16%
- 1Y
- 3.64%
- 3Y*
- 10.29%
- 5Y*
- 6.78%
- 10Y*
- 8.80%
XSB.TO
- 1D
- -0.11%
- 1M
- -0.08%
- 6M
- 0.76%
- YTD
- 1.06%
- 1Y
- 3.22%
- 3Y*
- 4.79%
- 5Y*
- 2.05%
- 10Y*
- 1.96%
XMU.TO vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMU.TO iShares MSCI Min Vol USA Index ETF | 5.16% | -0.80% | 22.08% | 6.68% | -3.58% | 17.10% | 3.13% | 20.92% | 9.19% | 10.94% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.06% | 3.70% | 5.87% | 4.67% | -4.04% | -1.11% | 5.20% | 3.20% | 1.60% | 0.13% |
Correlation
The correlation between XMU.TO and XSB.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012 | 0.10 |
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Return for Risk
XMU.TO vs. XSB.TO — Risk / Return Rank
XMU.TO
XSB.TO
XMU.TO vs. XSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Min Vol USA Index ETF (XMU.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XMU.TO | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.31 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.19 | -1.76 |
| Martin ratioReturn relative to average drawdown | 0.89 | 7.40 | -6.52 |
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Drawdowns
XMU.TO vs. XSB.TO - Drawdown Comparison
The maximum XMU.TO drawdown since its inception was -27.31%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for XMU.TO and XSB.TO.
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Drawdown Indicators
| XMU.TO | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.31% | -8.65% | -18.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -1.47% | -6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -10.97% | -1.47% | -9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -6.99% | -13.60% |
Max Drawdown (10Y)Largest decline over 10 years | -27.31% | -8.65% | -18.66% |
Current DrawdownCurrent decline from peak | -3.23% | -0.45% | -2.78% |
Average DrawdownAverage peak-to-trough decline | -4.53% | -0.79% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 0.44% | +3.68% |
Volatility
XMU.TO vs. XSB.TO - Volatility Comparison
iShares MSCI Min Vol USA Index ETF (XMU.TO) has a higher volatility of 3.65% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.61%. This indicates that XMU.TO's price experiences larger fluctuations and is considered to be riskier than XSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMU.TO | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 0.61% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 1.70% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 2.02% | +8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.70% | 2.73% | +11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 3.40% | +13.69% |
XMU.TO vs. XSB.TO - Expense Ratio Comparison
XMU.TO has a 0.33% expense ratio, which is higher than XSB.TO's 0.10% expense ratio.
Dividends
XMU.TO vs. XSB.TO - Dividend Comparison
XMU.TO's dividend yield for the trailing twelve months is around 1.15%, less than XSB.TO's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMU.TO iShares MSCI Min Vol USA Index ETF | 1.15% | 1.13% | 1.19% | 1.41% | 1.17% | 1.09% | 1.72% | 1.47% | 1.51% | 1.63% | 1.87% | 1.46% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.11% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
Frequently Asked Questions
XMU.TO and XSB.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSB.TO is cheaper with a 0.10% expense ratio, compared with 0.33% for XMU.TO.
XMU.TO is categorized as Large Cap Blend Equities, while XSB.TO is Short-Term Bond. XMU.TO tracks MSCI USA Minimum Volatility Index, while XSB.TO tracks FTSE Canada Short Term Overall Bond Index. Their fees differ too: 0.33% for XMU.TO and 0.10% for XSB.TO.
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