XSTB.TO vs. ESGD
XSTB.TO (iShares ESG Aware Canadian Short Term Bond Index ETF) and ESGD (iShares ESG Aware MSCI EAFE ETF) are both exchange-traded funds - XSTB.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while ESGD is a Foreign Large Cap Equities fund tracking the MSCI EAFE Extended ESG Focus Index. Both are passively managed. Over the past 5 years, XSTB.TO returned 1.96%/yr vs 11.13%/yr for ESGD. At a 0.13 correlation, their price movements are largely independent. XSTB.TO charges 0.17%/yr vs 0.20%/yr for ESGD.
Performance
XSTB.TO vs. ESGD - Performance Comparison
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Different Trading Currencies
XSTB.TO is traded in CAD, while ESGD is traded in USD. To make them comparable, the ESGD values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSTB.TO achieves a 1.09% return, which is significantly lower than ESGD's 11.34% return.
XSTB.TO
- 1D
- 0.00%
- 1M
- 0.64%
- YTD
- 1.09%
- 6M
- 1.39%
- 1Y
- 3.07%
- 3Y*
- 4.74%
- 5Y*
- 1.96%
- 10Y*
- —
ESGD
- 1D
- 0.44%
- 1M
- 3.64%
- YTD
- 11.34%
- 6M
- 12.07%
- 1Y
- 24.26%
- 3Y*
- 17.28%
- 5Y*
- 11.13%
- 10Y*
- —
XSTB.TO vs. ESGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XSTB.TO iShares ESG Aware Canadian Short Term Bond Index ETF | 1.09% | 3.60% | 5.28% | 4.86% | -3.91% | -1.12% | 4.95% | 1.59% |
ESGD iShares ESG Aware MSCI EAFE ETF | 11.34% | 23.72% | 12.76% | 15.72% | -9.80% | 11.74% | 5.63% | 9.05% |
Correlation
The correlation between XSTB.TO and ESGD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019 | 0.13 |
Over the past year, XSTB.TO and ESGD have become more correlated (0.37) than their long-term average of 0.13, meaning their price movements have been converging.
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Return for Risk
XSTB.TO vs. ESGD — Risk / Return Rank
XSTB.TO
ESGD
XSTB.TO vs. ESGD - 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 ESG Aware MSCI EAFE ETF (ESGD). 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.
| XSTB.TO | ESGD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.95 | +0.33 |
| Martin ratioReturn relative to average drawdown | 6.93 | 7.29 | -0.37 |
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Drawdowns
XSTB.TO vs. ESGD - Drawdown Comparison
The maximum XSTB.TO drawdown since its inception was -6.92%, smaller than the maximum ESGD drawdown of -29.34%. Use the drawdown chart below to compare losses from any high point for XSTB.TO and ESGD.
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Drawdown Indicators
| XSTB.TO | ESGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.92% | -29.34% | +22.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -11.36% | +10.01% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -14.37% | +13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -6.76% | -24.27% | +17.51% |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -4.24% | +2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 3.05% | -2.61% |
Volatility
XSTB.TO vs. ESGD - Volatility Comparison
The current volatility for iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.TO) is 0.68%, while iShares ESG Aware MSCI EAFE ETF (ESGD) has a volatility of 5.71%. This indicates that XSTB.TO experiences smaller price fluctuations and is considered to be less risky than ESGD 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 | ESGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 5.71% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 13.66% | -12.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 16.30% | -14.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 17.76% | -15.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 18.10% | -15.39% |
XSTB.TO vs. ESGD - Expense Ratio Comparison
XSTB.TO has a 0.17% expense ratio, which is lower than ESGD's 0.20% 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%.
Dividends
XSTB.TO vs. ESGD - Dividend Comparison
XSTB.TO's dividend yield for the trailing twelve months is around 2.87%, less than ESGD's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGD iShares ESG Aware MSCI EAFE ETF | 3.30% | 3.60% | 3.23% | 3.02% | 2.59% | 2.75% | 1.63% | 2.57% | 2.69% | 2.65% | 0.09% |
XSTB.TO iShares ESG Aware Canadian Short Term Bond Index ETF | 2.87% | 2.88% | 2.64% | 2.22% | 1.93% | 1.82% | 2.10% | 1.83% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSTB.TO and ESGD have a correlation of 0.37, 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 0.20% for ESGD.
XSTB.TO is categorized as Canadian Government Bonds, while ESGD is Foreign Large Cap Equities. XSTB.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while ESGD tracks MSCI EAFE Extended ESG Focus Index. Their fees differ too: 0.17% for XSTB.TO and 0.20% for ESGD.
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