XSH.TO vs. XIC.TO
XSH.TO (iShares Core Canadian Short Term Corporate Bond Index ETF) and XIC.TO (iShares Core S&P/TSX Capped Composite Index 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 XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index. Both are passively managed. Over the past 10 years, XSH.TO returned 2.82%/yr vs 12.48%/yr for XIC.TO. At a 0.04 correlation, their price movements are largely independent. XSH.TO charges 0.10%/yr vs 0.06%/yr for XIC.TO.
Performance
XSH.TO vs. XIC.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XSH.TO achieves a 1.33% return, which is significantly lower than XIC.TO's 10.75% return. Over the past 10 years, XSH.TO has underperformed XIC.TO with an annualized return of 2.82%, while XIC.TO has yielded a comparatively higher 12.48% 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%
XIC.TO
- 1D
- -1.05%
- 1M
- 3.59%
- YTD
- 10.75%
- 6M
- 12.90%
- 1Y
- 34.79%
- 3Y*
- 23.62%
- 5Y*
- 14.60%
- 10Y*
- 12.48%
XSH.TO vs. XIC.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 | 1.33% | 4.61% | 7.11% | 6.80% | -4.52% | -0.81% | 6.28% | 5.02% | 1.28% | 0.78% |
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 10.75% | 31.51% | 21.48% | 11.73% | -5.82% | 23.42% | 5.61% | 22.76% | -8.72% | 8.99% |
Correlation
The correlation between XSH.TO and XIC.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2011 | 0.04 |
Over the past year, XSH.TO and XIC.TO have become more correlated (0.27) than their long-term average of 0.04, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XSH.TO vs. XIC.TO — Risk / Return Rank
XSH.TO
XIC.TO
XSH.TO vs. XIC.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 iShares Core S&P/TSX Capped Composite Index ETF (XIC.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.
| XSH.TO | XIC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.50 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.76 | -1.20 |
| Martin ratioReturn relative to average drawdown | 10.05 | 17.44 | -7.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XSH.TO | XIC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.76 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.12 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.84 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.54 | +0.20 |
Drawdowns
XSH.TO vs. XIC.TO - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, smaller than the maximum XIC.TO drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for XSH.TO and XIC.TO.
Loading charts...
Drawdown Indicators
| XSH.TO | XIC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -48.21% | +33.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -9.29% | +7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -12.27% | +10.76% |
Max Drawdown (5Y)Largest decline over 5 years | -7.80% | -16.24% | +8.44% |
Max Drawdown (10Y)Largest decline over 10 years | -14.24% | -37.21% | +22.97% |
Current DrawdownCurrent decline from peak | 0.00% | -1.05% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -7.04% | +6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 2.00% | -1.62% |
Volatility
XSH.TO vs. XIC.TO - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) is 0.80%, while iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a volatility of 3.48%. This indicates that XSH.TO experiences smaller price fluctuations and is considered to be less risky than XIC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XSH.TO | XIC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 3.48% | -2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | 10.33% | -8.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 12.67% | -10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.83% | 13.13% | -10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 14.96% | -10.54% |
XSH.TO vs. XIC.TO - Expense Ratio Comparison
XSH.TO has a 0.10% expense ratio, which is higher than XIC.TO's 0.06% 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. XIC.TO - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.89%, more than XIC.TO's 2.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF | 2.02% | 2.23% | 2.64% | 2.95% | 3.10% | 2.44% | 3.03% | 3.01% | 3.19% | 2.49% | 2.72% | 3.21% |
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 XIC.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.10% for XSH.TO.
XSH.TO is categorized as Canadian Government Bonds, while XIC.TO is Canada Equities. XSH.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while XIC.TO tracks S&P/TSX Capped Composite Index. Their fees differ too: 0.10% for XSH.TO and 0.06% for XIC.TO.
Find the right allocation for XSH.TO and XIC.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer