XSH.TO vs. VSCSX
XSH.TO (iShares Core Canadian Short Term Corporate Bond Index ETF) and VSCSX (Vanguard Short-Term Corporate Bond Index Fund Admiral Shares) are both funds - XSH.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while VSCSX is a Corporate Bonds fund managed by Vanguard. Over the past 10 years, XSH.TO returned 2.82%/yr vs 3.43%/yr for VSCSX. At a 0.15 correlation, their price movements are largely independent. XSH.TO charges 0.10%/yr vs 0.07%/yr for VSCSX.
Performance
XSH.TO vs. VSCSX - Performance Comparison
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Different Trading Currencies
XSH.TO is traded in CAD, while VSCSX is traded in USD. To make them comparable, the VSCSX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSH.TO achieves a 1.33% return, which is significantly lower than VSCSX's 1.57% return. Over the past 10 years, XSH.TO has underperformed VSCSX with an annualized return of 2.82%, while VSCSX has yielded a comparatively higher 3.43% annualized return.
XSH.TO
- 1D
- 0.00%
- 1M
- 1.13%
- YTD
- 1.33%
- 6M
- 1.34%
- 1Y
- 3.85%
- 3Y*
- 6.05%
- 5Y*
- 2.86%
- 10Y*
- 2.82%
VSCSX
- 1D
- 0.31%
- 1M
- 1.91%
- YTD
- 1.57%
- 6M
- 0.19%
- 1Y
- 5.54%
- 3Y*
- 6.75%
- 5Y*
- 5.18%
- 10Y*
- 3.43%
XSH.TO vs. VSCSX - 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 | 1.33% | 4.61% | 7.11% | 6.80% | -4.52% | -0.81% | 6.28% | 5.02% | 1.28% | 0.78% |
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 1.57% | 1.85% | 14.42% | 3.77% | 1.00% | -1.33% | 3.28% | 1.59% | 9.43% | -4.06% |
Correlation
The correlation between XSH.TO and VSCSX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2011 | 0.15 |
The correlation between XSH.TO and VSCSX shifts across timeframes, from 0.10 (1 year) to 0.23 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XSH.TO vs. VSCSX — Risk / Return Rank
XSH.TO
VSCSX
XSH.TO vs. VSCSX - 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 Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX). 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 | VSCSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.51 | +1.05 |
| Martin ratioReturn relative to average drawdown | 10.05 | 3.78 | +6.26 |
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 | VSCSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.26 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.84 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.52 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.59 | +0.15 |
Drawdowns
XSH.TO vs. VSCSX - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, which is greater than VSCSX's maximum drawdown of -12.84%. Use the drawdown chart below to compare losses from any high point for XSH.TO and VSCSX.
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Drawdown Indicators
| XSH.TO | VSCSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -12.84% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -3.75% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -5.09% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -7.80% | -7.92% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -14.24% | -12.45% | -1.79% |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -3.95% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 1.50% | -1.12% |
Volatility
XSH.TO vs. VSCSX - Volatility Comparison
iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) has a higher volatility of 0.80% compared to Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) at 0.75%. This indicates that XSH.TO's price experiences larger fluctuations and is considered to be riskier than VSCSX 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 | VSCSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.75% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 3.46% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 4.52% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 6.20% | -3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 6.65% | -2.23% |
XSH.TO vs. VSCSX - Expense Ratio Comparison
XSH.TO has a 0.10% expense ratio, which is higher than VSCSX's 0.07% 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%.
Dividends
XSH.TO vs. VSCSX - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.89%, less than VSCSX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSCSX Vanguard Short-Term Corporate Bond Index Fund Admiral Shares | 4.42% | 4.32% | 4.27% | 3.07% | 1.98% | 1.78% | 2.25% | 2.85% | 2.66% | 2.26% | 1.93% | 2.21% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.89% | 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 VSCSX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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