XSB.TO vs. AAPL
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 AAPL (Apple Inc) is a stock. Over the past 10 years, XSB.TO returned 1.96%/yr vs 31.22%/yr for AAPL. At a 0.02 correlation, their price movements are largely independent.
Performance
XSB.TO vs. AAPL - Performance Comparison
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Different Trading Currencies
XSB.TO is traded in CAD, while AAPL is traded in USD. To make them comparable, the AAPL 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 AAPL's 17.16% return. Over the past 10 years, XSB.TO has underperformed AAPL with an annualized return of 1.96%, while AAPL has yielded a comparatively higher 31.22% 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%
AAPL
- 1D
- 0.00%
- 1M
- 15.77%
- YTD
- 17.16%
- 6M
- 10.26%
- 1Y
- 57.05%
- 3Y*
- 22.12%
- 5Y*
- 24.12%
- 10Y*
- 31.22%
XSB.TO vs. AAPL - 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% |
AAPL Apple Inc | 15.79% | 4.05% | 41.93% | 45.73% | -21.16% | 33.43% | 79.23% | 79.67% | 2.63% | 39.01% |
Correlation
The correlation between XSB.TO and AAPL is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | 0.02 |
The correlation between XSB.TO and AAPL shifts across timeframes, from 0.02 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSB.TO vs. AAPL — Risk / Return Rank
XSB.TO
AAPL
XSB.TO vs. AAPL - 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 Apple Inc (AAPL). 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 | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.46 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 3.82 | -1.81 |
| Martin ratioReturn relative to average drawdown | 6.68 | 9.03 | -2.36 |
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 | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.56 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.92 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 1.13 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.15 | -0.04 |
Drawdowns
XSB.TO vs. AAPL - Drawdown Comparison
The maximum XSB.TO drawdown since its inception was -8.65%, smaller than the maximum AAPL drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for XSB.TO and AAPL.
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Drawdown Indicators
| XSB.TO | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.65% | -40.80% | +32.15% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -15.00% | +13.53% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -34.02% | +32.55% |
Max Drawdown (5Y)Largest decline over 5 years | -6.99% | -34.02% | +27.03% |
Max Drawdown (10Y)Largest decline over 10 years | -8.65% | -36.10% | +27.45% |
Current DrawdownCurrent decline from peak | -0.12% | 0.00% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -8.85% | +8.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 6.33% | -5.89% |
Volatility
XSB.TO vs. AAPL - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) is 0.78%, while Apple Inc (AAPL) has a volatility of 4.94%. This indicates that XSB.TO experiences smaller price fluctuations and is considered to be less risky than AAPL 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 | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 4.94% | -4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 16.24% | -14.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 22.43% | -20.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.72% | 26.36% | -23.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.40% | 27.80% | -24.40% |
Dividends
XSB.TO vs. AAPL - Dividend Comparison
XSB.TO's dividend yield for the trailing twelve months is around 3.11%, more than AAPL's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.11% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
Frequently Asked Questions
XSB.TO and AAPL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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