XSHG.TO vs. CCBI.TO
XSHG.TO (iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF) and CCBI.TO (CIBC Canadian Bond Index ETF) are both exchange-traded funds - XSHG.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while CCBI.TO is a Total Bond Market fund tracking the FTSE Canada Universe Bond Index. Both are passively managed. Over the past 5 years, XSHG.TO returned 2.73%/yr vs 0.23%/yr for CCBI.TO. Their 0.40 correlation means their historical movements had little consistent relationship. XSHG.TO charges 0.17%/yr vs 0.07%/yr for CCBI.TO.
Performance
XSHG.TO vs. CCBI.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSHG.TO achieves a 1.14% return, which is significantly higher than CCBI.TO's 0.72% return.
XSHG.TO
- 1D
- -0.20%
- 1M
- -0.35%
- 6M
- 0.59%
- YTD
- 1.14%
- 1Y
- 2.85%
- 3Y*
- 5.80%
- 5Y*
- 2.73%
- 10Y*
- —
- ALL TIME*
- 2.73%
CCBI.TO
- 1D
- -0.39%
- 1M
- -1.26%
- 6M
- 0.01%
- YTD
- 0.72%
- 1Y
- 2.31%
- 3Y*
- 4.22%
- 5Y*
- 0.23%
- 10Y*
- —
- ALL TIME*
- 0.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CCBI.TO CIBC Canadian Bond Index ETF | CA$238.27K | CA$302.42K | CA$297.80K |
| CA$27.54K | CA$39.03K | CA$69.28K |
XSHG.TO vs. CCBI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSHG.TO iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF | 1.14% | 4.53% | 6.86% | 6.41% | -4.26% | -0.58% |
CCBI.TO CIBC Canadian Bond Index ETF | 0.72% | 2.17% | 4.26% | 4.11% | -9.05% | -4.08% |
Correlation
The correlation between XSHG.TO and CCBI.TO is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021 | 0.40 |
Over the past year, XSHG.TO and CCBI.TO have become more correlated (0.63) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
XSHG.TO vs. CCBI.TO — Risk / Return Rank
XSHG.TO
CCBI.TO
XSHG.TO vs. CCBI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF (XSHG.TO) and CIBC Canadian Bond Index ETF (CCBI.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.
| XSHG.TO | CCBI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.13 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 1.02 | +1.09 |
| Martin ratioReturn relative to average drawdown | 8.02 | 2.49 | +5.53 |
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Drawdowns
XSHG.TO vs. CCBI.TO - Drawdown Comparison
The maximum XSHG.TO drawdown since its inception was -7.40%, smaller than the maximum CCBI.TO drawdown of -17.72%. Use the drawdown chart below to compare losses from any high point for XSHG.TO and CCBI.TO.
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Drawdown Indicators
| XSHG.TO | CCBI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.40% | -17.72% | +10.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -2.72% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -1.44% | -4.04% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | -7.40% | -15.08% | +7.68% |
Current DrawdownCurrent decline from peak | -0.40% | -2.75% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -1.80% | -7.88% | +6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 1.12% | -0.74% |
Volatility
XSHG.TO vs. CCBI.TO - Volatility Comparison
The current volatility for iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF (XSHG.TO) is 0.52%, while CIBC Canadian Bond Index ETF (CCBI.TO) has a volatility of 1.35%. This indicates that XSHG.TO experiences smaller price fluctuations and is considered to be less risky than CCBI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSHG.TO | CCBI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.52% | 1.35% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 3.42% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 4.26% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 6.60% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.77% | 6.96% | -4.19% |
XSHG.TO vs. CCBI.TO - Expense Ratio Comparison
XSHG.TO has a 0.17% expense ratio, which is higher than CCBI.TO'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
XSHG.TO vs. CCBI.TO - Dividend Comparison
XSHG.TO's dividend yield for the trailing twelve months is around 3.77%, more than CCBI.TO's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CCBI.TO CIBC Canadian Bond Index ETF | 3.39% | 3.22% | 2.85% | 2.78% | 2.60% | 1.78% |
XSHG.TO iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF | 3.77% | 3.64% | 3.39% | 2.87% | 2.69% | 0.81% |
Frequently Asked Questions
XSHG.TO and CCBI.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CCBI.TO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CCBI.TO is cheaper with a 0.07% expense ratio, compared with 0.17% for XSHG.TO.
XSHG.TO is categorized as Canadian Government Bonds, while CCBI.TO is Total Bond Market. XSHG.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while CCBI.TO tracks FTSE Canada Universe Bond Index. They also come from different issuers: iShares and CIBC. Their fees differ too: 0.17% for XSHG.TO and 0.07% for CCBI.TO.
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