XSHG.TO vs. CLG.TO
XSHG.TO (iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF) and CLG.TO (iShares 1-10 Year Laddered Government Bond Index ETF) are both Canadian Government Bonds funds from iShares - XSHG.TO tracks the Morningstar Can 1-5Y Core Bd GR CAD while CLG.TO tracks the Morningstar Can Core Bd GR CAD. Both are passively managed. Over the past 3 years, XSHG.TO returned 5.72%/yr vs 4.04%/yr for CLG.TO. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.17% expense ratio.
Performance
XSHG.TO vs. CLG.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XSHG.TO having a 1.14% return and CLG.TO slightly lower at 1.12%.
XSHG.TO
- 1D
- -0.03%
- 1M
- 0.96%
- YTD
- 1.14%
- 6M
- 1.23%
- 1Y
- 3.54%
- 3Y*
- 5.72%
- 5Y*
- —
- 10Y*
- —
CLG.TO
- 1D
- -0.06%
- 1M
- 1.14%
- YTD
- 1.12%
- 6M
- 0.59%
- 1Y
- 2.87%
- 3Y*
- 4.04%
- 5Y*
- 1.34%
- 10Y*
- 1.52%
XSHG.TO vs. CLG.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% |
CLG.TO iShares 1-10 Year Laddered Government Bond Index ETF | 1.12% | 3.35% | 4.30% | 4.82% | -6.21% | -1.22% |
Correlation
The correlation between XSHG.TO and CLG.TO is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.55 |
The correlation between XSHG.TO and CLG.TO shifts across timeframes, from 0.55 (all time) to 0.73 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XSHG.TO vs. CLG.TO — Risk / Return Rank
XSHG.TO
CLG.TO
XSHG.TO vs. CLG.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 iShares 1-10 Year Laddered Government Bond Index ETF (CLG.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.
| XSHG.TO | CLG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.18 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.49 | +0.98 |
| Martin ratioReturn relative to average drawdown | 9.54 | 3.71 | +5.83 |
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
| XSHG.TO | CLG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 0.96 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.31 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.54 | +0.48 |
Drawdowns
XSHG.TO vs. CLG.TO - Drawdown Comparison
The maximum XSHG.TO drawdown since its inception was -7.40%, smaller than the maximum CLG.TO drawdown of -10.74%. Use the drawdown chart below to compare losses from any high point for XSHG.TO and CLG.TO.
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Drawdown Indicators
| XSHG.TO | CLG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.40% | -10.74% | +3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -1.93% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -1.44% | -3.38% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -10.74% | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.56% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -2.00% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.77% | -0.40% |
Volatility
XSHG.TO vs. CLG.TO - Volatility Comparison
The current volatility for iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF (XSHG.TO) is 0.68%, while iShares 1-10 Year Laddered Government Bond Index ETF (CLG.TO) has a volatility of 1.13%. This indicates that XSHG.TO experiences smaller price fluctuations and is considered to be less risky than CLG.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 | CLG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 1.13% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 2.34% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.82% | 3.00% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.79% | 4.31% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.79% | 4.34% | -1.55% |
XSHG.TO vs. CLG.TO - Expense Ratio Comparison
Both XSHG.TO and CLG.TO have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XSHG.TO vs. CLG.TO - Dividend Comparison
XSHG.TO's dividend yield for the trailing twelve months is around 3.72%, more than CLG.TO's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLG.TO iShares 1-10 Year Laddered Government Bond Index ETF | 2.54% | 2.54% | 2.53% | 2.51% | 2.55% | 2.61% | 2.59% | 2.88% | 3.02% | 3.17% | 3.25% | 3.34% |
XSHG.TO iShares ESG Advanced 1-5 Year Canadian Corporate Bond Index ETF | 3.72% | 3.64% | 3.39% | 2.87% | 2.69% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSHG.TO and CLG.TO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.17% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XSHG.TO and CLG.TO have the same expense ratio: 0.17% per year.
XSHG.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while CLG.TO tracks Morningstar Can Core Bd GR CAD.
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