XSB.TO vs. XBB
XSB.TO (iShares Core Canadian Short Term Bond Index ETF) and XBB (BondBloxx BB Rated USD High Yield Corporate Bond ETF) are both exchange-traded funds - XSB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while XBB is a High Yield Bonds fund tracking the ICE BofA BB US Cash Pay High Yield Constrained Index. Both are passively managed. Over the past 3 years, XSB.TO returned 4.75%/yr vs 8.89%/yr for XBB. At a 0.34 correlation, their price movements are largely independent. XSB.TO charges 0.10%/yr vs 0.20%/yr for XBB.
Performance
XSB.TO vs. XBB - Performance Comparison
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Different Trading Currencies
XSB.TO is traded in CAD, while XBB is traded in USD. To make them comparable, the XBB 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 XBB's 2.61% 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%
XBB
- 1D
- -0.01%
- 1M
- 2.44%
- YTD
- 2.61%
- 6M
- 1.13%
- 1Y
- 7.76%
- 3Y*
- 8.89%
- 5Y*
- —
- 10Y*
- —
XSB.TO vs. XBB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.03% | 3.70% | 5.87% | 4.67% | -0.58% |
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 2.61% | 3.61% | 15.55% | 8.20% | 2.03% |
Correlation
The correlation between XSB.TO and XBB is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.34 |
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Return for Risk
XSB.TO vs. XBB — Risk / Return Rank
XSB.TO
XBB
XSB.TO vs. XBB - 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 BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB). 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 | XBB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.28 | -0.27 |
| Martin ratioReturn relative to average drawdown | 6.68 | 5.69 | +0.98 |
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 | XBB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.44 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 1.14 | -0.04 |
Drawdowns
XSB.TO vs. XBB - Drawdown Comparison
The maximum XSB.TO drawdown since its inception was -8.65%, which is greater than XBB's maximum drawdown of -7.05%. Use the drawdown chart below to compare losses from any high point for XSB.TO and XBB.
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Drawdown Indicators
| XSB.TO | XBB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.65% | -7.05% | -1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -3.42% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.47% | -6.88% | +5.41% |
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 | -0.12% | -0.01% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -1.40% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.37% | -0.93% |
Volatility
XSB.TO vs. XBB - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) is 0.78%, while BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) has a volatility of 1.27%. This indicates that XSB.TO experiences smaller price fluctuations and is considered to be less risky than XBB 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 | XBB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 1.27% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 4.11% | -2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.00% | 5.42% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.72% | 6.94% | -4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.40% | 6.94% | -3.54% |
XSB.TO vs. XBB - Expense Ratio Comparison
XSB.TO has a 0.10% expense ratio, which is lower than XBB's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSB.TO vs. XBB - Dividend Comparison
XSB.TO's dividend yield for the trailing twelve months is around 3.11%, less than XBB's 5.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 5.56% | 5.42% | 6.35% | 6.15% | 3.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.11% | 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 XBB have a correlation of 0.25, 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 0.20% for XBB.
XSB.TO is categorized as Canadian Government Bonds, while XBB is High Yield Bonds. XSB.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while XBB tracks ICE BofA BB US Cash Pay High Yield Constrained Index. They also come from different issuers: iShares and BondBloxx. Their fees differ too: 0.10% for XSB.TO and 0.20% for XBB.
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