XSAB.TO vs. HYXF
XSAB.TO (iShares ESG Aware Canadian Aggregate Bond Index ETF) and HYXF (iShares ESG Advanced High Yield Corporate Bond ETF) are both exchange-traded funds - XSAB.TO is a Canadian Government Bonds fund tracking the Morningstar Can Core Bd GR CAD, while HYXF is a High Yield Bonds fund tracking the Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Both are passively managed. Over the past 5 years, XSAB.TO returned 0.23%/yr vs 5.84%/yr for HYXF. At a 0.18 correlation, their price movements are largely independent. XSAB.TO charges 0.17%/yr vs 0.35%/yr for HYXF.
Performance
XSAB.TO vs. HYXF - Performance Comparison
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Different Trading Currencies
XSAB.TO is traded in CAD, while HYXF is traded in USD. To make them comparable, the HYXF values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSAB.TO achieves a 1.10% return, which is significantly lower than HYXF's 3.85% return.
XSAB.TO
- 1D
- -0.11%
- 1M
- -0.72%
- 6M
- 0.38%
- YTD
- 1.10%
- 1Y
- 3.96%
- 3Y*
- 4.06%
- 5Y*
- 0.23%
- 10Y*
- —
HYXF
- 1D
- -0.16%
- 1M
- 0.24%
- 6M
- 1.91%
- YTD
- 3.85%
- 1Y
- 7.37%
- 3Y*
- 10.42%
- 5Y*
- 5.84%
- 10Y*
- 5.61%
XSAB.TO vs. HYXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XSAB.TO iShares ESG Aware Canadian Aggregate Bond Index ETF | 1.10% | 2.22% | 4.03% | 6.35% | -11.42% | -2.71% | 7.79% | 2.30% |
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 3.85% | 3.91% | 17.52% | 9.21% | -6.32% | 2.55% | 3.55% | 4.94% |
Correlation
The correlation between XSAB.TO and HYXF is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2019 | 0.18 |
The correlation between XSAB.TO and HYXF shifts across timeframes, from 0.18 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSAB.TO vs. HYXF — Risk / Return Rank
XSAB.TO
HYXF
XSAB.TO vs. HYXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Canadian Aggregate Bond Index ETF (XSAB.TO) and iShares ESG Advanced High Yield Corporate Bond ETF (HYXF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XSAB.TO | HYXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.88 | -0.42 |
| Martin ratioReturn relative to average drawdown | 3.58 | 5.08 | -1.50 |
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Drawdowns
XSAB.TO vs. HYXF - Drawdown Comparison
The maximum XSAB.TO drawdown since its inception was -17.96%, which is greater than HYXF's maximum drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for XSAB.TO and HYXF.
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Drawdown Indicators
| XSAB.TO | HYXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.96% | -15.68% | -2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.94% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.03% | -7.38% | +2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -15.66% | -15.68% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.68% | — |
Current DrawdownCurrent decline from peak | -2.36% | -1.47% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -2.98% | -3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 1.45% | -0.34% |
Volatility
XSAB.TO vs. HYXF - Volatility Comparison
The current volatility for iShares ESG Aware Canadian Aggregate Bond Index ETF (XSAB.TO) is 1.24%, while iShares ESG Advanced High Yield Corporate Bond ETF (HYXF) has a volatility of 1.52%. This indicates that XSAB.TO experiences smaller price fluctuations and is considered to be less risky than HYXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSAB.TO | HYXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.52% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 3.30% | 4.31% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 5.63% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 10.27% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.62% | 10.47% | -3.85% |
XSAB.TO vs. HYXF - Expense Ratio Comparison
XSAB.TO has a 0.17% expense ratio, which is lower than HYXF's 0.35% expense ratio.
Dividends
XSAB.TO vs. HYXF - Dividend Comparison
XSAB.TO's dividend yield for the trailing twelve months is around 3.29%, less than HYXF's 6.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HYXF iShares ESG Advanced High Yield Corporate Bond ETF | 6.06% | 6.19% | 6.40% | 5.93% | 5.37% | 4.56% | 4.96% | 5.29% | 6.14% | 5.85% | 3.16% |
XSAB.TO iShares ESG Aware Canadian Aggregate Bond Index ETF | 3.29% | 3.20% | 3.01% | 2.81% | 2.75% | 2.35% | 2.49% | 2.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSAB.TO and HYXF have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSAB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSAB.TO is cheaper with a 0.17% expense ratio, compared with 0.35% for HYXF.
XSAB.TO is categorized as Canadian Government Bonds, while HYXF is High Yield Bonds. XSAB.TO tracks Morningstar Can Core Bd GR CAD, while HYXF tracks Bloomberg MSCI US High Yield Corporate Choice ESG Screened. Their fees differ too: 0.17% for XSAB.TO and 0.35% for HYXF.
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