XSH.TO vs. FSB.TO
XSH.TO (iShares Core Canadian Short Term Corporate Bond Index ETF) and FSB.TO (CI Enhanced Short Duration Bond Fund) are both Short-Term Bond funds. XSH.TO is passively managed, while FSB.TO is actively managed. Over the past 5 years, XSH.TO returned 2.84%/yr vs 2.51%/yr for FSB.TO. Their 0.31 correlation means their historical movements had little consistent relationship. XSH.TO charges 0.10%/yr vs 0.73%/yr for FSB.TO.
Performance
XSH.TO vs. FSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSH.TO achieves a 1.42% return, which is significantly higher than FSB.TO's 1.09% return.
XSH.TO
- 1D
- -0.11%
- 1M
- -0.19%
- 6M
- 0.83%
- YTD
- 1.42%
- 1Y
- 3.11%
- 3Y*
- 6.10%
- 5Y*
- 2.84%
- 10Y*
- 2.79%
- ALL TIME*
- 2.84%
FSB.TO
- 1D
- -0.11%
- 1M
- -0.29%
- 6M
- 0.86%
- YTD
- 1.09%
- 1Y
- 2.45%
- 3Y*
- 4.19%
- 5Y*
- 2.51%
- 10Y*
- —
- ALL TIME*
- 2.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$70.38K | CA$51.61K | CA$80.24K | |
| CA$1.66M | CA$1.41M | CA$1.29M |
XSH.TO vs. FSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 1.42% | 4.61% | 7.11% | 6.80% | -4.52% | -0.81% | 6.28% | 5.02% | 1.28% | 0.91% |
FSB.TO CI Enhanced Short Duration Bond Fund | 1.09% | 3.84% | 4.40% | 5.21% | -1.97% | 0.67% | 4.09% | 3.49% | 0.91% | 0.80% |
Correlation
The correlation between XSH.TO and FSB.TO is 0.26, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.26 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.31 |
The correlation between XSH.TO and FSB.TO shifts across timeframes, from 0.26 (1 year) to 0.40 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XSH.TO vs. FSB.TO — Risk / Return Rank
XSH.TO
FSB.TO
XSH.TO vs. FSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) and CI Enhanced Short Duration Bond Fund (FSB.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.
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.
| XSH.TO | FSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.91 | -0.69 |
| Martin ratioReturn relative to average drawdown | 8.67 | 10.97 | -2.31 |
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Drawdowns
XSH.TO vs. FSB.TO - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, which is greater than FSB.TO's maximum drawdown of -5.94%. Use the drawdown chart below to compare losses from any high point for XSH.TO and FSB.TO.
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Drawdown Indicators
| XSH.TO | FSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -5.94% | -8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -0.81% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -1.24% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -7.80% | -3.99% | -3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -14.24% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.50% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -0.47% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.21% | +0.17% |
Volatility
XSH.TO vs. FSB.TO - Volatility Comparison
iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) and CI Enhanced Short Duration Bond Fund (FSB.TO) have volatilities of 0.59% and 0.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSH.TO | FSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.62% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 1.67% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 2.36% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.85% | 2.63% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 2.61% | +1.81% |
XSH.TO vs. FSB.TO - Expense Ratio Comparison
XSH.TO has a 0.10% expense ratio, which is lower than FSB.TO's 0.73% expense ratio.
Dividends
XSH.TO vs. FSB.TO - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.94%, less than FSB.TO's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSB.TO CI Enhanced Short Duration Bond Fund | 4.04% | 3.99% | 3.98% | 3.99% | 2.25% | 1.87% | 2.68% | 2.42% | 2.44% | 1.20% | 0.00% | 0.00% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.94% | 3.82% | 3.64% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% |
Frequently Asked Questions
XSH.TO and FSB.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSH.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSH.TO is cheaper with a 0.10% expense ratio, compared with 0.73% for FSB.TO.
They also come from different issuers: iShares and CI. Their fees differ too: 0.10% for XSH.TO and 0.73% for FSB.TO.
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