XSH.TO vs. XFR.TO
Compare and contrast key facts about iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) and iShares Floating Rate Index ETF (XFR.TO).
XSH.TO and XFR.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSH.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 Sep 13, 2011. XFR.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 Dec 6, 2011. Both XSH.TO and XFR.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: XSH.TO or XFR.TO.
Key characteristics
| XSH.TO | XFR.TO | |
|---|---|---|
| YTD Return | 5.60% | 3.42% |
| 1Y Return | 10.95% | 4.86% |
| 3Y Return (Ann) | 2.26% | 3.54% |
| 5Y Return (Ann) | 2.74% | 2.47% |
| 10Y Return (Ann) | 2.61% | 1.82% |
| Sharpe Ratio | 3.71 | 5.35 |
| Daily Std Dev | 2.86% | 0.91% |
| Max Drawdown | -14.24% | -4.12% |
| Current Drawdown | -0.05% | 0.00% |
Correlation
The correlation between XSH.TO and XFR.TO is 0.92, 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
XSH.TO vs. XFR.TO - Performance Comparison
In the year-to-date period, XSH.TO achieves a 5.60% return, which is significantly higher than XFR.TO's 3.42% return. Over the past 10 years, XSH.TO has outperformed XFR.TO with an annualized return of 2.61%, while XFR.TO has yielded a comparatively lower 1.82% 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.
XSH.TO vs. XFR.TO - Expense Ratio Comparison
XSH.TO has a 0.10% expense ratio, which is lower than XFR.TO's 0.14% 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%.
Risk-Adjusted Performance
XSH.TO vs. XFR.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) and iShares Floating Rate Index ETF (XFR.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
XSH.TO vs. XFR.TO - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.51%, less than XFR.TO's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.51% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% | 3.17% | 3.28% |
XFR.TO iShares Floating Rate Index ETF | 5.15% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% | 1.22% | 1.27% |
Drawdowns
XSH.TO vs. XFR.TO - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for XSH.TO and XFR.TO. For additional features, visit the drawdowns tool.
Volatility
XSH.TO vs. XFR.TO - Volatility Comparison
iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) has a higher volatility of 1.50% compared to iShares Floating Rate Index ETF (XFR.TO) at 1.38%. This indicates that XSH.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.