XRB.TO vs. XEQT.TO
XRB.TO (iShares Canadian Real Return Bond Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XRB.TO is a Inflation-Protected Bonds fund tracking the FTSE Canada Real Return Bond Index, while XEQT.TO is a Global Equities fund actively managed by iShares. XRB.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XRB.TO returned -1.66%/yr vs 13.72%/yr for XEQT.TO. At a 0.09 correlation, their price movements are largely independent. XRB.TO charges 0.39%/yr vs 0.20%/yr for XEQT.TO.
Performance
XRB.TO vs. XEQT.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 XEQT.TO's 12.29% 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%
XEQT.TO
- 1D
- -0.56%
- 1M
- 5.98%
- YTD
- 12.29%
- 6M
- 11.20%
- 1Y
- 29.24%
- 3Y*
- 21.78%
- 5Y*
- 13.72%
- 10Y*
- —
XRB.TO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XRB.TO iShares Canadian Real Return Bond Index ETF | 2.56% | 0.05% | 3.95% | -2.15% | -15.01% | -1.30% | 12.11% | -5.22% |
XEQT.TO iShares Core Equity ETF Portfolio | 12.29% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Correlation
The correlation between XRB.TO and XEQT.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.09 |
Over the past year, XRB.TO and XEQT.TO have become more correlated (0.31) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
XRB.TO vs. XEQT.TO — Risk / Return Rank
XRB.TO
XEQT.TO
XRB.TO vs. XEQT.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 Equity ETF Portfolio (XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.47 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.56 | -2.69 |
| Martin ratioReturn relative to average drawdown | 1.73 | 15.50 | -13.78 |
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 | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 2.53 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 1.05 | -1.19 |
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 | 0.95 | -0.68 |
Drawdowns
XRB.TO vs. XEQT.TO - Drawdown Comparison
The maximum XRB.TO drawdown since its inception was -26.58%, smaller than the maximum XEQT.TO drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XRB.TO and XEQT.TO.
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Drawdown Indicators
| XRB.TO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -29.74% | +3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -8.25% | +4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -15.08% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -19.56% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -26.58% | — | — |
Current DrawdownCurrent decline from peak | -13.56% | -0.56% | -13.00% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -4.11% | -2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.89% | -0.11% |
Volatility
XRB.TO vs. XEQT.TO - Volatility Comparison
The current volatility for iShares Canadian Real Return Bond Index ETF (XRB.TO) is 2.72%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XRB.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.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 | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.70% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 9.38% | -4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 11.63% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 13.12% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 15.56% | -4.21% |
XRB.TO vs. XEQT.TO - Expense Ratio Comparison
XRB.TO has a 0.39% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Dividends
XRB.TO vs. XEQT.TO - Dividend Comparison
XRB.TO's dividend yield for the trailing twelve months is around 3.63%, more than XEQT.TO's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEQT.TO iShares Core Equity ETF Portfolio | 1.48% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 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 XEQT.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.39% for XRB.TO.
XRB.TO is categorized as Inflation-Protected Bonds, while XEQT.TO is Global Equities. Their fees differ too: 0.39% for XRB.TO and 0.20% for XEQT.TO.
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