XRB.TO vs. XDIV.TO
XRB.TO (iShares Canadian Real Return Bond Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - XRB.TO is a Inflation-Protected Bonds fund tracking the FTSE Canada Real Return Bond Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, XRB.TO returned -1.66%/yr vs 16.42%/yr for XDIV.TO. At a correlation of -0.00, they often move in opposite directions. XRB.TO charges 0.39%/yr vs 0.11%/yr for XDIV.TO.
Performance
XRB.TO vs. XDIV.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XRB.TO achieves a 2.56% return, which is significantly lower than XDIV.TO's 19.17% 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%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
XRB.TO vs. XDIV.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% | 0.34% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Correlation
The correlation between XRB.TO and XDIV.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | -0.00 |
The correlation between XRB.TO and XDIV.TO shifts across timeframes, from -0.00 (all time) to 0.16 (3 years), reflecting how their relationship changes across market environments.
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
XRB.TO vs. XDIV.TO — Risk / Return Rank
XRB.TO
XDIV.TO
XRB.TO vs. XDIV.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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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 | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.49 | ||
| Sortino ratioReturn per unit of downside risk | -6.61 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 2.03 | -0.95 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 16.64 | -15.77 |
| Martin ratioReturn relative to average drawdown | 1.73 | 56.55 | -54.82 |
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
| XRB.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 4.94 | -4.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 1.57 | -1.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.81 | -0.54 |
Drawdowns
XRB.TO vs. XDIV.TO - Drawdown Comparison
The maximum XRB.TO drawdown since its inception was -26.58%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for XRB.TO and XDIV.TO.
Loading charts...
Drawdown Indicators
| XRB.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -41.30% | +14.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -2.33% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -10.53% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -17.60% | -8.98% |
Max Drawdown (10Y)Largest decline over 10 years | -26.58% | — | — |
Current DrawdownCurrent decline from peak | -13.56% | -0.09% | -13.47% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -4.25% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.69% | +1.09% |
Volatility
XRB.TO vs. XDIV.TO - Volatility Comparison
iShares Canadian Real Return Bond Index ETF (XRB.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) have volatilities of 2.72% and 2.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XRB.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.81% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 6.36% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 7.85% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 10.53% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 16.01% | -4.66% |
XRB.TO vs. XDIV.TO - Expense Ratio Comparison
XRB.TO has a 0.39% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Dividends
XRB.TO vs. XDIV.TO - Dividend Comparison
XRB.TO's dividend yield for the trailing twelve months is around 3.63%, more than XDIV.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% | 0.00% |
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 XDIV.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.39% for XRB.TO.
XRB.TO is categorized as Inflation-Protected Bonds, while XDIV.TO is Dividend. XRB.TO tracks FTSE Canada Real Return Bond Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.39% for XRB.TO and 0.11% for XDIV.TO.
Find the right allocation for XRB.TO and XDIV.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