XRB.TO vs. XIU.TO

Last updated Jun 4, 2026

XRB.TO (iShares Canadian Real Return Bond Index ETF) and XIU.TO (iShares S&P/TSX 60 Index ETF) are both exchange-traded funds - XRB.TO is a Inflation-Protected Bonds fund tracking the FTSE Canada Real Return Bond Index, while XIU.TO is a Canada Equities fund tracking the S&P/TSX 60 Index. Both are passively managed. Over the past 10 years, XRB.TO returned 0.06%/yr vs 12.62%/yr for XIU.TO. At a correlation of -0.07, they often move in opposite directions. XRB.TO charges 0.39%/yr vs 0.18%/yr for XIU.TO.

Performance

XRB.TO vs. XIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Real Return Bond Index ETF (XRB.TO) and iShares S&P/TSX 60 Index ETF (XIU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XRB.TO achieves a 2.56% return, which is significantly lower than XIU.TO's 10.14% return. Over the past 10 years, XRB.TO has underperformed XIU.TO with an annualized return of 0.06%, while XIU.TO has yielded a comparatively higher 12.62% 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%

XIU.TO

• 1D: -0.87%
• 1M: 3.47%
• YTD: 10.14%
• 6M: 12.10%
• 1Y: 31.65%
• 3Y*: 22.48%
• 5Y*: 14.37%
• 10Y*: 12.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XRB.TO vs. XIU.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%
XIU.TO iShares S&P/TSX 60 Index ETF	10.14%	28.89%	20.73%	11.85%	-6.35%	28.06%	5.27%	21.81%	-7.82%	9.58%

Correlation

The correlation between XRB.TO and XIU.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Dec 28, 2005	-0.07

The correlation between XRB.TO and XIU.TO shifts across timeframes, from -0.07 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XRB.TO vs. XIU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XRB.TO

XRB.TO Risk / Return Rank: 16
XRB.TO Sharpe Ratio Rank: 16
XRB.TO Sortino Ratio Rank: 15
XRB.TO Omega Ratio Rank: 14
XRB.TO Calmar Ratio Rank: 20
XRB.TO Martin Ratio Rank: 17

XIU.TO

XIU.TO Risk / Return Rank: 82
XIU.TO Sharpe Ratio Rank: 82
XIU.TO Sortino Ratio Rank: 79
XIU.TO Omega Ratio Rank: 80
XIU.TO Calmar Ratio Rank: 79
XIU.TO Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XRB.TO vs. XIU.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 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.

	XRB.TO	XIU.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.45	2.71	-2.26
Sortino ratio: Return per unit of downside risk	0.68	3.64	-2.96
Omega ratio: Gain probability vs. loss probability	1.08	1.49	-0.41
Calmar ratio: Return relative to maximum drawdown	0.87	4.16	-3.29
Martin ratio: Return relative to average drawdown	1.73	19.30	-17.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XRB.TO vs. XIU.TO - Sharpe Ratio Comparison

The current XRB.TO Sharpe Ratio is 0.45, which is lower than the XIU.TO Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of XRB.TO and XIU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XRB.TO	XIU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	2.71	-2.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	1.13	-1.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	0.85	-0.84
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.51	-0.24

Drawdowns

XRB.TO vs. XIU.TO - Drawdown Comparison

The maximum XRB.TO drawdown since its inception was -26.58%, smaller than the maximum XIU.TO drawdown of -52.31%. Use the drawdown chart below to compare losses from any high point for XRB.TO and XIU.TO.

Drawdown Indicators

	XRB.TO	XIU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-52.31%	+25.73%
Max Drawdown (1Y) Largest decline over 1 year	-3.55%	-7.65%	+4.10%
Max Drawdown (3Y) Largest decline over 3 years	-10.65%	-12.36%	+1.71%
Max Drawdown (5Y) Largest decline over 5 years	-26.58%	-16.36%	-10.22%
Max Drawdown (10Y) Largest decline over 10 years	-26.58%	-35.46%	+8.88%
Current Drawdown Current decline from peak	-13.56%	-0.87%	-12.69%
Average Drawdown Average peak-to-trough decline	-7.09%	-11.63%	+4.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.64%	+0.14%

Volatility

XRB.TO vs. XIU.TO - Volatility Comparison

The current volatility for iShares Canadian Real Return Bond Index ETF (XRB.TO) is 2.72%, while iShares S&P/TSX 60 Index ETF (XIU.TO) has a volatility of 3.28%. This indicates that XRB.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.

Volatility by Period

	XRB.TO	XIU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	3.28%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	5.11%	9.32%	-4.21%
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	11.73%	-4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.91%	12.78%	-0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.35%	15.01%	-3.66%

XRB.TO vs. XIU.TO - Expense Ratio Comparison

XRB.TO has a 0.39% expense ratio, which is higher than XIU.TO's 0.18% expense ratio.

Dividends

XRB.TO vs. XIU.TO - Dividend Comparison

XRB.TO's dividend yield for the trailing twelve months is around 3.63%, more than XIU.TO's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XIU.TO iShares S&P/TSX 60 Index ETF	2.20%	2.39%	2.92%	3.16%	3.02%	2.43%	3.03%	2.87%	3.18%	2.58%	2.65%	3.19%
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

Can I hold both XRB.TO and XIU.TO in my portfolio?

XRB.TO and XIU.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRB.TO or XIU.TO?

On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRB.TO or XIU.TO?

XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.39% for XRB.TO.

What is the main difference between XRB.TO and XIU.TO?

XRB.TO is categorized as Inflation-Protected Bonds, while XIU.TO is Canada Equities. XRB.TO tracks FTSE Canada Real Return Bond Index, while XIU.TO tracks S&P/TSX 60 Index. Their fees differ too: 0.39% for XRB.TO and 0.18% for XIU.TO.