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XSB.TO vs. WMT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSB.TO vs. WMT

Last updated Jun 14, 2026

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 WMT (Walmart Inc.) is a stock. Over the past 10 years, XSB.TO returned 1.97%/yr vs 20.80%/yr for WMT. At a correlation of -0.00, they often move in opposite directions.

Performance

XSB.TO vs. WMT - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Canadian Short Term Bond Index ETF (XSB.TO) and Walmart Inc. (WMT). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XSB.TO is traded in CAD, while WMT is traded in USD. To make them comparable, the WMT 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 1.18% return, which is significantly lower than WMT's 11.29% return. Over the past 10 years, XSB.TO has underperformed WMT with an annualized return of 1.97%, while WMT has yielded a comparatively higher 20.80% annualized return.

XSB.TO

1D
0.00%
1M
0.82%
YTD
1.18%
6M
1.40%
1Y
3.30%
3Y*
4.97%
5Y*
2.05%
10Y*
1.97%

WMT

1D
0.63%
1M
-6.84%
YTD
11.29%
6M
5.62%
1Y
32.81%
3Y*
36.19%
5Y*
26.01%
10Y*
20.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSB.TO vs. WMT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSB.TO
iShares Core Canadian Short Term Bond Index ETF		1.18%3.70%5.87%4.67%-4.04%-1.11%5.20%3.20%1.60%0.13%
WMT
Walmart Inc.		11.29%18.81%88.72%10.20%5.84%1.92%20.40%24.80%4.69%36.64%

Correlation

The correlation between XSB.TO and WMT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.09

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (10Y)
Calculated over the trailing 10-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

-0.00

The correlation between XSB.TO and WMT shifts across timeframes, from -0.00 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.

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iShares Core Canadian Short Term Bond Index ETF

Walmart Inc.

Often compared with XSB.TO:
XSB.TO vs. XBB.TOXSB.TO vs. ZAG.TOXSB.TO vs. VSB.TOXSB.TO vs. XSH.TOXSB.TO vs. XCB.TOXSB.TO vs. XLB.TOXSB.TO vs. ZCS.TO
Often compared with WMT:
WMT vs. COSTWMT vs. TGTWMT vs. VOOWMT vs. KRWMT vs. XLPWMT vs. SCHDWMT vs. ABBV

Return for Risk

XSB.TO vs. WMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSB.TO
XSB.TO Risk / Return Rank: 5454
Overall Rank
XSB.TO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
XSB.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
XSB.TO Omega Ratio Rank: 6060
Omega Ratio Rank
XSB.TO Calmar Ratio Rank: 5050
Calmar Ratio Rank
XSB.TO Martin Ratio Rank: 4949
Martin Ratio Rank
WMT
WMT Risk / Return Rank: 7676
Overall Rank
WMT Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
WMT Sortino Ratio Rank: 7373
Sortino Ratio Rank
WMT Omega Ratio Rank: 7474
Omega Ratio Rank
WMT Calmar Ratio Rank: 7575
Calmar Ratio Rank
WMT Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XSB.TO vs. WMT - 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 Walmart Inc. (WMT). 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.TOWMTDifference
Sharpe ratioReturn per unit of total volatility
1.62
1.30

+0.32

Sortino ratioReturn per unit of downside risk
2.31
1.92

+0.39

Omega ratioGain probability vs. loss probability

1.32

1.25

+0.07

Calmar ratioReturn relative to maximum drawdown

2.20

2.10

+0.10

Martin ratioReturn relative to average drawdown

7.28

6.85

+0.44

XSB.TO vs. WMT - Sharpe Ratio Comparison

The current XSB.TO Sharpe Ratio is 1.62, which is comparable to the WMT Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of XSB.TO and WMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

XSB.TO vs. WMT - Drawdown Comparison

The maximum XSB.TO drawdown since its inception was -8.65%, smaller than the maximum WMT drawdown of -47.96%. Use the drawdown chart below to compare losses from any high point for XSB.TO and WMT.

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Drawdown Indicators

XSB.TOWMTDifference

Max Drawdown

Largest peak-to-trough decline

-8.65%

-47.96%

+39.31%

Max Drawdown (1Y)

Largest decline over 1 year

-1.47%

-15.14%

+13.67%

Max Drawdown (3Y)

Largest decline over 3 years

-1.47%

-22.27%

+20.80%

Max Drawdown (5Y)

Largest decline over 5 years

-6.99%

-24.22%

+17.23%

Max Drawdown (10Y)

Largest decline over 10 years

-8.65%

-24.22%

+15.57%

Current Drawdown

Current decline from peak

0.00%

-8.27%

+8.27%

Average Drawdown

Average peak-to-trough decline

-0.79%

-13.52%

+12.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.44%

4.63%

-4.19%

Volatility

XSB.TO vs. WMT - Volatility Comparison

The current volatility for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) is 0.71%, while Walmart Inc. (WMT) has a volatility of 10.08%. This indicates that XSB.TO experiences smaller price fluctuations and is considered to be less risky than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XSB.TOWMTDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.71%

10.08%

-9.37%

Volatility (6M)

Calculated over the trailing 6-month period

1.61%

19.04%

-17.43%

Volatility (1Y)

Calculated over the trailing 1-year period

2.00%

24.44%

-22.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.72%

22.53%

-19.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.40%

22.81%

-19.41%

Dividends

XSB.TO vs. WMT - Dividend Comparison

XSB.TO's dividend yield for the trailing twelve months is around 3.10%, more than WMT's 0.80% yield.

PositionTTM20252024202320222021202020192018201720162015
WMT
Walmart Inc.		0.80%0.84%0.92%1.45%1.58%1.52%1.50%1.78%2.23%2.07%2.89%3.20%
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 WMT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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