XRB.TO vs. XSTH.TO
XRB.TO (iShares Canadian Real Return Bond Index ETF) and XSTH.TO (iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)) are both Inflation-Protected Bonds funds from iShares - XRB.TO tracks the FTSE Canada Real Return Bond Index while XSTH.TO tracks the Morningstar Gbl Core Bd GR CAD. Both are passively managed. Over the past 3 years, XRB.TO returned 1.50%/yr vs 3.85%/yr for XSTH.TO. At a 0.33 correlation, their price movements are largely independent. XRB.TO charges 0.39%/yr vs 0.16%/yr for XSTH.TO.
Performance
XRB.TO vs. XSTH.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 higher than XSTH.TO's 1.24% 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%
XSTH.TO
- 1D
- -0.03%
- 1M
- -0.13%
- YTD
- 1.24%
- 6M
- 1.11%
- 1Y
- 2.77%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
XRB.TO vs. XSTH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XRB.TO iShares Canadian Real Return Bond Index ETF | 2.56% | 0.05% | 3.95% | -2.15% | -15.01% | 2.73% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 1.24% | 4.20% | 3.68% | 3.90% | -3.36% | 1.76% |
Correlation
The correlation between XRB.TO and XSTH.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.33 |
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Return for Risk
XRB.TO vs. XSTH.TO — Risk / Return Rank
XRB.TO
XSTH.TO
XRB.TO vs. XSTH.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 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.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 | XSTH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.28 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.86 | -1.00 |
| Martin ratioReturn relative to average drawdown | 1.73 | 7.42 | -5.69 |
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 | XSTH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.28 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
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 | 0.64 | -0.36 |
Drawdowns
XRB.TO vs. XSTH.TO - Drawdown Comparison
The maximum XRB.TO drawdown since its inception was -26.58%, which is greater than XSTH.TO's maximum drawdown of -5.98%. Use the drawdown chart below to compare losses from any high point for XRB.TO and XSTH.TO.
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Drawdown Indicators
| XRB.TO | XSTH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.58% | -5.98% | -20.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -1.49% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | -10.65% | -1.49% | -9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.58% | — | — |
Current DrawdownCurrent decline from peak | -13.56% | -0.19% | -13.37% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -1.56% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 0.37% | +1.41% |
Volatility
XRB.TO vs. XSTH.TO - Volatility Comparison
iShares Canadian Real Return Bond Index ETF (XRB.TO) has a higher volatility of 2.72% compared to iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) at 0.43%. This indicates that XRB.TO's price experiences larger fluctuations and is considered to be riskier than XSTH.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 | XSTH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 0.43% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 5.11% | 1.52% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 2.18% | +4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.91% | 3.64% | +8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 3.64% | +7.71% |
XRB.TO vs. XSTH.TO - Expense Ratio Comparison
XRB.TO has a 0.39% expense ratio, which is higher than XSTH.TO's 0.16% expense ratio.
Dividends
XRB.TO vs. XSTH.TO - Dividend Comparison
XRB.TO's dividend yield for the trailing twelve months is around 3.63%, more than XSTH.TO's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 3.55% | 3.94% | 2.53% | 3.15% | 6.07% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XRB.TO and XSTH.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTH.TO is cheaper with a 0.16% expense ratio, compared with 0.39% for XRB.TO.
XRB.TO tracks FTSE Canada Real Return Bond Index, while XSTH.TO tracks Morningstar Gbl Core Bd GR CAD. Their fees differ too: 0.39% for XRB.TO and 0.16% for XSTH.TO.
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