XRB.TO vs. VUN.TO
XRB.TO (iShares Canadian Real Return Bond Index ETF) and VUN.TO (Vanguard U.S. Total Market Index ETF) are both exchange-traded funds - XRB.TO is a Inflation-Protected Bonds fund tracking the FTSE Canada Real Return Bond Index, while VUN.TO is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index CAD. Both are passively managed. Over the past 10 years, XRB.TO returned 0.06%/yr vs 15.43%/yr for VUN.TO. At a correlation of -0.00, they often move in opposite directions. XRB.TO charges 0.39%/yr vs 0.17%/yr for VUN.TO.
Performance
XRB.TO vs. VUN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XRB.TO achieves a 2.56% return, which is significantly lower than VUN.TO's 12.43% return. Over the past 10 years, XRB.TO has underperformed VUN.TO with an annualized return of 0.06%, while VUN.TO has yielded a comparatively higher 15.43% annualized return.
XRB.TO
- 1D
- -0.13%
- 1M
- 1.21%
- YTD
- 2.56%
- 6M
- 0.86%
- 1Y
- 3.06%
- 3Y*
- 1.50%
- 5Y*
- -1.66%
- 10Y*
- 0.06%
VUN.TO
- 1D
- -0.39%
- 1M
- 7.17%
- YTD
- 12.43%
- 6M
- 10.44%
- 1Y
- 29.34%
- 3Y*
- 23.05%
- 5Y*
- 15.50%
- 10Y*
- 15.43%
XRB.TO vs. VUN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRB.TO iShares Canadian Real Return Bond Index ETF | 2.56% | 0.05% | 3.95% | -2.15% | -15.01% | -1.30% | 12.11% | 5.93% | -1.23% | -0.11% |
VUN.TO Vanguard U.S. Total Market Index ETF | 12.43% | 11.43% | 33.76% | 23.00% | -14.20% | 24.54% | 18.22% | 23.99% | 2.35% | 13.01% |
Correlation
The correlation between XRB.TO and VUN.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2013 | -0.00 |
The correlation between XRB.TO and VUN.TO shifts across timeframes, from -0.00 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XRB.TO vs. VUN.TO — Risk / Return Rank
XRB.TO
VUN.TO
XRB.TO vs. VUN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Real Return Bond Index ETF (XRB.TO) and Vanguard U.S. Total Market Index ETF (VUN.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.
| XRB.TO | VUN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.45 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.46 | -2.60 |
| Martin ratioReturn relative to average drawdown | 1.73 | 12.96 | -11.24 |
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
| XRB.TO | VUN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 2.47 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 1.01 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.93 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.01 | -0.74 |
Drawdowns
XRB.TO vs. VUN.TO - Drawdown Comparison
The maximum XRB.TO drawdown since its inception was -26.58%, smaller than the maximum VUN.TO drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for XRB.TO and VUN.TO.
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Drawdown Indicators
| XRB.TO | VUN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -28.19% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -8.51% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -19.88% | +9.23% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -23.67% | -2.91% |
Max Drawdown (10Y)Largest decline over 10 years | -26.58% | -28.19% | +1.61% |
Current DrawdownCurrent decline from peak | -13.56% | -0.39% | -13.17% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -3.80% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.27% | -0.49% |
Volatility
XRB.TO vs. VUN.TO - Volatility Comparison
The current volatility for iShares Canadian Real Return Bond Index ETF (XRB.TO) is 2.72%, while Vanguard U.S. Total Market Index ETF (VUN.TO) has a volatility of 3.04%. This indicates that XRB.TO experiences smaller price fluctuations and is considered to be less risky than VUN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRB.TO | VUN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.04% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 8.81% | -3.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 11.97% | -5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 15.43% | -3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 16.70% | -5.35% |
XRB.TO vs. VUN.TO - Expense Ratio Comparison
XRB.TO has a 0.39% expense ratio, which is higher than VUN.TO's 0.17% expense ratio.
Dividends
XRB.TO vs. VUN.TO - Dividend Comparison
XRB.TO's dividend yield for the trailing twelve months is around 3.63%, more than VUN.TO's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUN.TO Vanguard U.S. Total Market Index ETF | 0.74% | 0.84% | 0.93% | 1.10% | 1.21% | 0.97% | 1.15% | 1.45% | 1.52% | 1.39% | 1.49% | 1.49% |
XRB.TO iShares Canadian Real Return Bond Index ETF | 3.63% | 3.73% | 2.36% | 2.36% | 1.83% | 1.23% | 1.36% | 1.72% | 1.74% | 1.69% | 1.58% | 1.61% |
Frequently Asked Questions
XRB.TO and VUN.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUN.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUN.TO is cheaper with a 0.17% expense ratio, compared with 0.39% for XRB.TO.
XRB.TO is categorized as Inflation-Protected Bonds, while VUN.TO is Large Cap Blend Equities. XRB.TO tracks FTSE Canada Real Return Bond Index, while VUN.TO tracks CRSP US Total Market Index CAD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for XRB.TO and 0.17% for VUN.TO.
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