XRB.TO vs. XIC.TO
XRB.TO (iShares Canadian Real Return Bond Index ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) are both exchange-traded funds - XRB.TO is a Inflation-Protected Bonds fund tracking the FTSE Canada Real Return Bond Index, while XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. Both are passively managed. Over the past 10 years, XRB.TO returned 0.06%/yr vs 12.48%/yr for XIC.TO. At a correlation of -0.06, they often move in opposite directions. XRB.TO charges 0.39%/yr vs 0.06%/yr for XIC.TO.
Performance
XRB.TO vs. XIC.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 XIC.TO's 10.75% return. Over the past 10 years, XRB.TO has underperformed XIC.TO with an annualized return of 0.06%, while XIC.TO has yielded a comparatively higher 12.48% 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%
XIC.TO
- 1D
- -1.05%
- 1M
- 3.59%
- YTD
- 10.75%
- 6M
- 12.90%
- 1Y
- 34.79%
- 3Y*
- 23.62%
- 5Y*
- 14.60%
- 10Y*
- 12.48%
XRB.TO vs. XIC.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% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 10.75% | 31.51% | 21.48% | 11.73% | -5.82% | 23.42% | 5.61% | 22.76% | -8.72% | 8.99% |
Correlation
The correlation between XRB.TO and XIC.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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2005 | -0.06 |
The correlation between XRB.TO and XIC.TO shifts across timeframes, from -0.06 (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. XIC.TO — Risk / Return Rank
XRB.TO
XIC.TO
XRB.TO vs. XIC.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 S&P/TSX Capped Composite Index ETF (XIC.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 | XIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.50 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.76 | -2.90 |
| Martin ratioReturn relative to average drawdown | 1.73 | 17.44 | -15.71 |
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 | XIC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 2.76 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 1.12 | -1.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.84 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.54 | -0.27 |
Drawdowns
XRB.TO vs. XIC.TO - Drawdown Comparison
The maximum XRB.TO drawdown since its inception was -26.58%, smaller than the maximum XIC.TO drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for XRB.TO and XIC.TO.
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Drawdown Indicators
| XRB.TO | XIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -48.21% | +21.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -9.29% | +5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -12.27% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -16.24% | -10.34% |
Max Drawdown (10Y)Largest decline over 10 years | -26.58% | -37.21% | +10.63% |
Current DrawdownCurrent decline from peak | -13.56% | -1.05% | -12.51% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -7.04% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.00% | -0.22% |
Volatility
XRB.TO vs. XIC.TO - Volatility Comparison
The current volatility for iShares Canadian Real Return Bond Index ETF (XRB.TO) is 2.72%, while iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a volatility of 3.48%. This indicates that XRB.TO experiences smaller price fluctuations and is considered to be less risky than XIC.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 | XIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.48% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 10.33% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 12.67% | -5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 13.13% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 14.96% | -3.61% |
XRB.TO vs. XIC.TO - Expense Ratio Comparison
XRB.TO has a 0.39% expense ratio, which is higher than XIC.TO's 0.06% expense ratio.
Dividends
XRB.TO vs. XIC.TO - Dividend Comparison
XRB.TO's dividend yield for the trailing twelve months is around 3.63%, more than XIC.TO's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.02% | 2.23% | 2.64% | 2.95% | 3.10% | 2.44% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% |
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 XIC.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, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.39% for XRB.TO.
XRB.TO is categorized as Inflation-Protected Bonds, while XIC.TO is Canada Equities. XRB.TO tracks FTSE Canada Real Return Bond Index, while XIC.TO tracks S&P/TSX Capped Composite Index. Their fees differ too: 0.39% for XRB.TO and 0.06% for XIC.TO.
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