XSB.TO vs. ^GSPC
XSB.TO (iShares Core Canadian Short Term Bond Index ETF) is Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, XSB.TO returned 1.96%/yr vs 14.52%/yr for ^GSPC. At a correlation of -0.03, they often move in opposite directions.
Performance
XSB.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XSB.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSB.TO achieves a 1.03% return, which is significantly lower than ^GSPC's 12.12% return. Over the past 10 years, XSB.TO has underperformed ^GSPC with an annualized return of 1.96%, while ^GSPC has yielded a comparatively higher 14.52% annualized return.
XSB.TO
- 1D
- 0.04%
- 1M
- 0.93%
- YTD
- 1.03%
- 6M
- 0.80%
- 1Y
- 2.95%
- 3Y*
- 4.75%
- 5Y*
- 2.02%
- 10Y*
- 1.96%
^GSPC
- 1D
- 0.00%
- 1M
- 7.35%
- YTD
- 12.12%
- 6M
- 10.22%
- 1Y
- 28.58%
- 3Y*
- 22.37%
- 5Y*
- 15.58%
- 10Y*
- 14.52%
XSB.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.03% | 3.70% | 5.87% | 4.67% | -4.04% | -1.11% | 5.20% | 3.20% | 1.60% | 0.13% |
^GSPC S&P 500 Index | 11.75% | 11.05% | 33.90% | 21.49% | -13.70% | 25.75% | 14.29% | 22.54% | 1.71% | 11.82% |
Correlation
The correlation between XSB.TO and ^GSPC is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | -0.03 |
The correlation between XSB.TO and ^GSPC shifts across timeframes, from -0.03 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSB.TO vs. ^GSPC — Risk / Return Rank
XSB.TO
^GSPC
XSB.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) and S&P 500 Index (^GSPC). 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.
| XSB.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.47 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.24 | -1.23 |
| Martin ratioReturn relative to average drawdown | 6.68 | 12.23 | -5.55 |
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
| XSB.TO | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.46 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 1.05 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.89 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.99 | +0.12 |
Drawdowns
XSB.TO vs. ^GSPC - Drawdown Comparison
The maximum XSB.TO drawdown since its inception was -8.65%, smaller than the maximum ^GSPC drawdown of -27.59%. Use the drawdown chart below to compare losses from any high point for XSB.TO and ^GSPC.
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Drawdown Indicators
| XSB.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.65% | -27.59% | +18.94% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -8.86% | +7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -19.23% | +17.76% |
Max Drawdown (5Y)Largest decline over 5 years | -6.99% | -22.60% | +15.61% |
Max Drawdown (10Y)Largest decline over 10 years | -8.65% | -27.59% | +18.94% |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -3.51% | +2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.34% | -1.90% |
Volatility
XSB.TO vs. ^GSPC - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) is 0.78%, while S&P 500 Index (^GSPC) has a volatility of 2.69%. This indicates that XSB.TO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSB.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 2.69% | -1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 8.85% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 11.70% | -9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.72% | 14.99% | -12.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.40% | 16.33% | -12.93% |
Frequently Asked Questions
XSB.TO and ^GSPC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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