XSTB.TO vs. CBO.TO
XSTB.TO (iShares ESG Aware Canadian Short Term Bond Index ETF) and CBO.TO (iShares 1-5 Year Laddered Corporate Bond Index ETF) are both Canadian Government Bonds funds from iShares tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 5 years, XSTB.TO returned 1.93%/yr vs 2.60%/yr for CBO.TO. A 0.57 correlation means they provide meaningful diversification when combined. XSTB.TO charges 0.17%/yr vs 0.28%/yr for CBO.TO.
Performance
XSTB.TO vs. CBO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSTB.TO achieves a 0.89% return, which is significantly lower than CBO.TO's 1.02% return.
XSTB.TO
- 1D
- -0.08%
- 1M
- 0.80%
- YTD
- 0.89%
- 6M
- 0.62%
- 1Y
- 2.70%
- 3Y*
- 4.44%
- 5Y*
- 1.93%
- 10Y*
- —
CBO.TO
- 1D
- -0.05%
- 1M
- 0.94%
- YTD
- 1.02%
- 6M
- 1.01%
- 1Y
- 3.73%
- 3Y*
- 5.68%
- 5Y*
- 2.60%
- 10Y*
- 2.50%
XSTB.TO vs. CBO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XSTB.TO iShares ESG Aware Canadian Short Term Bond Index ETF | 0.89% | 3.60% | 5.28% | 4.86% | -3.91% | -1.12% | 4.95% | 1.18% |
CBO.TO iShares 1-5 Year Laddered Corporate Bond Index ETF | 1.02% | 4.69% | 6.82% | 6.47% | -4.89% | -1.04% | 5.84% | 2.11% |
Correlation
The correlation between XSTB.TO and CBO.TO is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2019 | 0.57 |
The correlation between XSTB.TO and CBO.TO shifts across timeframes, from 0.57 (all time) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XSTB.TO vs. CBO.TO — Risk / Return Rank
XSTB.TO
CBO.TO
XSTB.TO vs. CBO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.TO) and iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO.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.
| XSTB.TO | CBO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 2.32 | -0.32 |
| Martin ratioReturn relative to average drawdown | 6.08 | 8.72 | -2.64 |
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
| XSTB.TO | CBO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.57 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.88 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.94 | -0.15 |
Drawdowns
XSTB.TO vs. CBO.TO - Drawdown Comparison
The maximum XSTB.TO drawdown since its inception was -6.92%, smaller than the maximum CBO.TO drawdown of -11.67%. Use the drawdown chart below to compare losses from any high point for XSTB.TO and CBO.TO.
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Drawdown Indicators
| XSTB.TO | CBO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.92% | -11.67% | +4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -1.61% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -1.61% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -6.76% | -8.22% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.67% | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.05% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -0.96% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.43% | +0.02% |
Volatility
XSTB.TO vs. CBO.TO - Volatility Comparison
The current volatility for iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.TO) is 0.69%, while iShares 1-5 Year Laddered Corporate Bond Index ETF (CBO.TO) has a volatility of 0.83%. This indicates that XSTB.TO experiences smaller price fluctuations and is considered to be less risky than CBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSTB.TO | CBO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.69% | 0.83% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 1.86% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 2.39% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.53% | 2.97% | -0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.72% | 3.59% | -0.87% |
XSTB.TO vs. CBO.TO - Expense Ratio Comparison
XSTB.TO has a 0.17% expense ratio, which is lower than CBO.TO's 0.28% expense ratio.
Dividends
XSTB.TO vs. CBO.TO - Dividend Comparison
XSTB.TO's dividend yield for the trailing twelve months is around 2.88%, less than CBO.TO's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBO.TO iShares 1-5 Year Laddered Corporate Bond Index ETF | 3.45% | 3.37% | 3.09% | 2.81% | 2.67% | 2.55% | 2.55% | 2.65% | 2.74% | 2.80% | 3.03% | 3.86% |
XSTB.TO iShares ESG Aware Canadian Short Term Bond Index ETF | 2.88% | 2.88% | 2.64% | 2.22% | 1.93% | 1.82% | 2.10% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSTB.TO and CBO.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTB.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTB.TO is cheaper with a 0.17% expense ratio, compared with 0.28% for CBO.TO.
Both ETFs track Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.17% for XSTB.TO and 0.28% for CBO.TO.
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