XQB.TO vs. XIU.TO
XQB.TO (iShares High Quality Canadian Bond Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - XQB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, XQB.TO returned 1.64%/yr vs 12.74%/yr for XIU.TO. At a correlation of -0.05, they often move in opposite directions. XQB.TO charges 0.13%/yr vs 0.18%/yr for XIU.TO.
Performance
XQB.TO vs. XIU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XQB.TO achieves a 1.49% return, which is significantly lower than XIU.TO's 11.56% return. Over the past 10 years, XQB.TO has underperformed XIU.TO with an annualized return of 1.64%, while XIU.TO has yielded a comparatively higher 12.74% annualized return.
XQB.TO
- 1D
- -0.11%
- 1M
- 1.68%
- YTD
- 1.49%
- 6M
- 0.82%
- 1Y
- 3.20%
- 3Y*
- 4.37%
- 5Y*
- 0.97%
- 10Y*
- 1.64%
XIU.TO
- 1D
- 1.29%
- 1M
- 5.10%
- YTD
- 11.56%
- 6M
- 12.35%
- 1Y
- 33.92%
- 3Y*
- 23.20%
- 5Y*
- 14.66%
- 10Y*
- 12.74%
XQB.TO vs. XIU.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XQB.TO iShares High Quality Canadian Bond Index ETF | 1.49% | 3.16% | 4.17% | 6.51% | -10.61% | -2.84% | 8.32% | 6.05% | 1.38% | 1.61% |
XIU.TO iShares S&P/TSX 60 Index ETF | 11.56% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
Correlation
The correlation between XQB.TO and XIU.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2009 | -0.05 |
The correlation between XQB.TO and XIU.TO shifts across timeframes, from -0.05 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XQB.TO vs. XIU.TO — Risk / Return Rank
XQB.TO
XIU.TO
XQB.TO vs. XIU.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares High Quality Canadian Bond Index ETF (XQB.TO) and iShares S&P/TSX 60 Index ETF (XIU.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.
| XQB.TO | XIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.52 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 4.45 | -3.26 |
| Martin ratioReturn relative to average drawdown | 2.93 | 20.69 | -17.75 |
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
| XQB.TO | XIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.89 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | 1.15 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.85 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.51 | +0.02 |
Drawdowns
XQB.TO vs. XIU.TO - Drawdown Comparison
The maximum XQB.TO drawdown since its inception was -16.57%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XQB.TO and XIU.TO.
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Drawdown Indicators
| XQB.TO | XIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.57% | -52.31% | +35.74% |
Max Drawdown (1Y)Largest decline over 1 year | -2.70% | -7.65% | +4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -4.25% | -12.36% | +8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -16.36% | +1.77% |
Max Drawdown (10Y)Largest decline over 10 years | -16.57% | -35.46% | +18.89% |
Current DrawdownCurrent decline from peak | -0.50% | 0.00% | -0.50% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -11.62% | +8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.64% | -0.55% |
Volatility
XQB.TO vs. XIU.TO - Volatility Comparison
The current volatility for iShares High Quality Canadian Bond Index ETF (XQB.TO) is 1.54%, while iShares S&P/TSX 60 Index ETF (XIU.TO) has a volatility of 3.43%. This indicates that XQB.TO experiences smaller price fluctuations and is considered to be less risky than XIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XQB.TO | XIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 3.43% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 3.31% | 9.39% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.10% | 11.79% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 12.79% | -6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.78% | 15.01% | -9.23% |
XQB.TO vs. XIU.TO - Expense Ratio Comparison
XQB.TO has a 0.13% expense ratio, which is lower than XIU.TO's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XQB.TO vs. XIU.TO - Dividend Comparison
XQB.TO's dividend yield for the trailing twelve months is around 3.41%, more than XIU.TO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 2.17% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
XQB.TO iShares High Quality Canadian Bond Index ETF | 3.41% | 3.39% | 3.24% | 2.93% | 2.75% | 2.37% | 2.37% | 2.53% | 2.59% | 2.54% | 2.67% | 2.80% |
Frequently Asked Questions
XQB.TO and XIU.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XQB.TO is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XQB.TO is cheaper with a 0.13% expense ratio, compared with 0.18% for XIU.TO.
XQB.TO is categorized as Canadian Government Bonds, while XIU.TO is Canada Equities. XQB.TO tracks Morningstar Can Core Bd GR CAD, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.13% for XQB.TO and 0.18% for XIU.TO.
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