XSB.TO vs. ZAG.TO
Compare and contrast key facts about iShares Core Canadian Short Term Bond Index ETF (XSB.TO) and BMO Aggregate Bond Index ETF (ZAG.TO).
XSB.TO and ZAG.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Nov 20, 2000. ZAG.TO is a passively managed fund by BMO that tracks the performance of the FTSE Canada Universe Bond Index. It was launched on Jan 19, 2010. Both XSB.TO and ZAG.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XSB.TO or ZAG.TO.
Key characteristics
| XSB.TO | ZAG.TO | |
|---|---|---|
| YTD Return | 4.63% | 2.91% |
| 1Y Return | 7.06% | 8.62% |
| 3Y Return (Ann) | 1.74% | -0.49% |
| 5Y Return (Ann) | 1.83% | 0.49% |
| 10Y Return (Ann) | 1.76% | 1.94% |
| Sharpe Ratio | 2.88 | 1.48 |
| Sortino Ratio | 4.58 | 2.19 |
| Omega Ratio | 1.59 | 1.26 |
| Calmar Ratio | 2.14 | 0.63 |
| Martin Ratio | 24.50 | 5.15 |
| Ulcer Index | 0.29% | 1.75% |
| Daily Std Dev | 2.49% | 6.09% |
| Max Drawdown | -8.65% | -18.03% |
| Current Drawdown | -0.47% | -6.31% |
Correlation
The correlation between XSB.TO and ZAG.TO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XSB.TO vs. ZAG.TO - Performance Comparison
In the year-to-date period, XSB.TO achieves a 4.63% return, which is significantly higher than ZAG.TO's 2.91% return. Over the past 10 years, XSB.TO has underperformed ZAG.TO with an annualized return of 1.76%, while ZAG.TO has yielded a comparatively higher 1.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XSB.TO vs. ZAG.TO - Expense Ratio Comparison
XSB.TO has a 0.10% expense ratio, which is higher than ZAG.TO's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XSB.TO vs. ZAG.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) and BMO Aggregate Bond Index ETF (ZAG.TO). 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.
Dividends
XSB.TO vs. ZAG.TO - Dividend Comparison
XSB.TO's dividend yield for the trailing twelve months is around 3.03%, less than ZAG.TO's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.03% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% | 2.59% | 2.69% |
ZAG.TO BMO Aggregate Bond Index ETF | 3.47% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% | 3.23% | 3.63% |
Drawdowns
XSB.TO vs. ZAG.TO - Drawdown Comparison
The maximum XSB.TO drawdown since its inception was -8.65%, smaller than the maximum ZAG.TO drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for XSB.TO and ZAG.TO. For additional features, visit the drawdowns tool.
Volatility
XSB.TO vs. ZAG.TO - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Bond Index ETF (XSB.TO) is 1.40%, while BMO Aggregate Bond Index ETF (ZAG.TO) has a volatility of 2.02%. This indicates that XSB.TO experiences smaller price fluctuations and is considered to be less risky than ZAG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.