XSB.TO vs. GDMN
XSB.TO (iShares Core Canadian Short Term Bond Index ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - XSB.TO is a Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index, while GDMN is a Commodities fund actively managed by WisdomTree. XSB.TO is passively managed, while GDMN is actively managed. Over the past 3 years, XSB.TO returned 4.91%/yr vs 60.36%/yr for GDMN. At a 0.27 correlation, their price movements are largely independent. XSB.TO charges 0.10%/yr vs 0.45%/yr for GDMN.
Performance
XSB.TO vs. GDMN - Performance Comparison
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Different Trading Currencies
XSB.TO is traded in CAD, while GDMN is traded in USD. To make them comparable, the GDMN 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 1.25% return, which is significantly higher than GDMN's -8.69% return.
XSB.TO
- 1D
- 0.00%
- 1M
- 0.63%
- YTD
- 1.25%
- 6M
- 1.36%
- 1Y
- 3.15%
- 3Y*
- 4.91%
- 5Y*
- 2.14%
- 10Y*
- 2.01%
GDMN
- 1D
- -1.84%
- 1M
- -8.26%
- YTD
- -8.69%
- 6M
- -11.55%
- 1Y
- 70.50%
- 3Y*
- 60.36%
- 5Y*
- —
- 10Y*
- —
XSB.TO vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.25% | 3.70% | 5.87% | 4.67% | -4.04% | 0.13% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -8.69% | 221.70% | 39.09% | 10.28% | -9.21% | 6.16% |
Correlation
The correlation between XSB.TO and GDMN is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.27 |
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Return for Risk
XSB.TO vs. GDMN — Risk / Return Rank
XSB.TO
GDMN
XSB.TO vs. GDMN - 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 WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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.
| XSB.TO | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.45 | +0.78 |
| Martin ratioReturn relative to average drawdown | 7.37 | 3.76 | +3.61 |
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Drawdowns
XSB.TO vs. GDMN - Drawdown Comparison
The maximum XSB.TO drawdown since its inception was -8.65%, smaller than the maximum GDMN drawdown of -49.51%. Use the drawdown chart below to compare losses from any high point for XSB.TO and GDMN.
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Drawdown Indicators
| XSB.TO | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.65% | -49.51% | +40.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -47.54% | +46.07% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -47.54% | +46.07% |
Max Drawdown (5Y)Largest decline over 5 years | -6.99% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -8.65% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -39.77% | +39.77% |
Average DrawdownAverage peak-to-trough decline | -0.79% | -17.03% | +16.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 18.22% | -17.78% |
Volatility
XSB.TO vs. GDMN - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) is 0.54%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 22.04%. This indicates that XSB.TO experiences smaller price fluctuations and is considered to be less risky than GDMN 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 | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 22.04% | -21.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 54.88% | -53.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 63.69% | -61.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.72% | 48.33% | -45.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.40% | 48.33% | -44.93% |
XSB.TO vs. GDMN - Expense Ratio Comparison
XSB.TO has a 0.10% expense ratio, which is lower than GDMN's 0.45% expense ratio.
Dividends
XSB.TO vs. GDMN - Dividend Comparison
XSB.TO's dividend yield for the trailing twelve months is around 3.10%, more than GDMN's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 3.05% | 2.70% | 9.44% | 7.69% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.10% | 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 GDMN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSB.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSB.TO is cheaper with a 0.10% expense ratio, compared with 0.45% for GDMN.
XSB.TO is categorized as Short-Term Bond, while GDMN is Commodities. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.10% for XSB.TO and 0.45% for GDMN.
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