XSH.TO vs. NNRG.NEO
XSH.TO (iShares Core Canadian Short Term Corporate Bond Index ETF) and NNRG.NEO (Ninepoint Energy ETF) are both exchange-traded funds - XSH.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while NNRG.NEO is a Energy Equities fund tracking the S&P/TSX Capped Energy Total Return Index. Both are passively managed. Over the past 5 years, XSH.TO returned 2.85%/yr vs 34.11%/yr for NNRG.NEO. At a correlation of -0.09, they often move in opposite directions. XSH.TO charges 0.10%/yr vs 1.79%/yr for NNRG.NEO.
Performance
XSH.TO vs. NNRG.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XSH.TO achieves a 1.28% return, which is significantly lower than NNRG.NEO's 47.23% return.
XSH.TO
- 1D
- -0.05%
- 1M
- 0.91%
- YTD
- 1.28%
- 6M
- 1.34%
- 1Y
- 3.85%
- 3Y*
- 6.03%
- 5Y*
- 2.85%
- 10Y*
- 2.82%
NNRG.NEO
- 1D
- 1.12%
- 1M
- -0.66%
- YTD
- 47.23%
- 6M
- 39.75%
- 1Y
- 71.20%
- 3Y*
- 26.98%
- 5Y*
- 34.11%
- 10Y*
- —
XSH.TO vs. NNRG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 1.28% | 4.61% | 7.11% | 6.80% | -4.52% | -0.42% |
NNRG.NEO Ninepoint Energy ETF | 47.23% | 19.14% | 13.26% | -4.21% | 66.18% | 55.91% |
Correlation
The correlation between XSH.TO and NNRG.NEO is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | -0.09 |
The correlation between XSH.TO and NNRG.NEO shifts across timeframes, from -0.29 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSH.TO vs. NNRG.NEO — Risk / Return Rank
XSH.TO
NNRG.NEO
XSH.TO vs. NNRG.NEO - 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 Ninepoint Energy ETF (NNRG.NEO). 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.
| XSH.TO | NNRG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.48 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 6.60 | -4.03 |
| Martin ratioReturn relative to average drawdown | 10.05 | 13.91 | -3.86 |
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
| XSH.TO | NNRG.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.92 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.99 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.08 | -0.34 |
Drawdowns
XSH.TO vs. NNRG.NEO - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, smaller than the maximum NNRG.NEO drawdown of -35.78%. Use the drawdown chart below to compare losses from any high point for XSH.TO and NNRG.NEO.
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Drawdown Indicators
| XSH.TO | NNRG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -35.78% | +21.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -10.84% | +9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -23.52% | +22.01% |
Max Drawdown (5Y)Largest decline over 5 years | -7.80% | -35.78% | +27.98% |
Max Drawdown (10Y)Largest decline over 10 years | -14.24% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -3.63% | +3.58% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -9.58% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 5.14% | -4.76% |
Volatility
XSH.TO vs. NNRG.NEO - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) is 0.80%, while Ninepoint Energy ETF (NNRG.NEO) has a volatility of 10.30%. This indicates that XSH.TO experiences smaller price fluctuations and is considered to be less risky than NNRG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSH.TO | NNRG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 10.30% | -9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 20.65% | -18.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 24.55% | -22.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 34.60% | -31.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 34.55% | -30.13% |
XSH.TO vs. NNRG.NEO - Expense Ratio Comparison
XSH.TO has a 0.10% expense ratio, which is lower than NNRG.NEO's 1.79% expense ratio.
Dividends
XSH.TO vs. NNRG.NEO - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.90%, more than NNRG.NEO's 0.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NNRG.NEO Ninepoint Energy ETF | 0.51% | 0.37% | 0.39% | 0.38% | 9.08% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.90% | 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 NNRG.NEO have a correlation of -0.29, 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 1.79% for NNRG.NEO.
XSH.TO is categorized as Canadian Government Bonds, while NNRG.NEO is Energy Equities. XSH.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while NNRG.NEO tracks S&P/TSX Capped Energy Total Return Index. They also come from different issuers: iShares and Ninepoint. Their fees differ too: 0.10% for XSH.TO and 1.79% for NNRG.NEO.
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