XSTB.TO vs. XEN.TO
XSTB.TO (iShares ESG Aware Canadian Short Term Bond Index ETF) and XEN.TO (iShares Jantzi Social Index 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 XEN.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD. Both are passively managed. Over the past 5 years, XSTB.TO returned 1.96%/yr vs 14.69%/yr for XEN.TO. At a 0.09 correlation, their price movements are largely independent. XSTB.TO charges 0.17%/yr vs 0.55%/yr for XEN.TO.
Performance
XSTB.TO vs. XEN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSTB.TO achieves a 1.09% return, which is significantly lower than XEN.TO's 7.42% 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*
- —
XEN.TO
- 1D
- -0.02%
- 1M
- -0.17%
- YTD
- 7.42%
- 6M
- 8.02%
- 1Y
- 30.37%
- 3Y*
- 22.08%
- 5Y*
- 14.69%
- 10Y*
- 12.24%
XSTB.TO vs. XEN.TO - 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% |
XEN.TO iShares Jantzi Social Index ETF | 7.42% | 34.17% | 16.91% | 12.18% | -3.38% | 28.00% | -0.30% | 4.08% |
Correlation
The correlation between XSTB.TO and XEN.TO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2019 | 0.09 |
Over the past year, XSTB.TO and XEN.TO have become more correlated (0.36) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
XSTB.TO vs. XEN.TO — Risk / Return Rank
XSTB.TO
XEN.TO
XSTB.TO vs. XEN.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 Jantzi Social Index ETF (XEN.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.
| XSTB.TO | XEN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 3.56 | -1.28 |
| Martin ratioReturn relative to average drawdown | 6.93 | 15.82 | -8.89 |
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Drawdowns
XSTB.TO vs. XEN.TO - Drawdown Comparison
The maximum XSTB.TO drawdown since its inception was -6.92%, smaller than the maximum XEN.TO drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for XSTB.TO and XEN.TO.
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Drawdown Indicators
| XSTB.TO | XEN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.92% | -49.97% | +43.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -8.55% | +7.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.35% | -13.31% | +11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -6.76% | -17.79% | +11.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.24% | — |
Current DrawdownCurrent decline from peak | -0.04% | -2.74% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -7.76% | +6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 1.92% | -1.48% |
Volatility
XSTB.TO vs. XEN.TO - Volatility Comparison
The current volatility for iShares ESG Aware Canadian Short Term Bond Index ETF (XSTB.TO) is 0.68%, while iShares Jantzi Social Index ETF (XEN.TO) has a volatility of 3.10%. This indicates that XSTB.TO experiences smaller price fluctuations and is considered to be less risky than XEN.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 | XEN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.68% | 3.10% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 9.98% | -8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.88% | 12.46% | -10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 13.95% | -11.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.71% | 15.07% | -12.36% |
XSTB.TO vs. XEN.TO - Expense Ratio Comparison
XSTB.TO has a 0.17% expense ratio, which is lower than XEN.TO's 0.55% expense ratio.
Dividends
XSTB.TO vs. XEN.TO - Dividend Comparison
XSTB.TO's dividend yield for the trailing twelve months is around 2.87%, more than XEN.TO's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEN.TO iShares Jantzi Social Index ETF | 1.72% | 1.83% | 2.29% | 2.46% | 2.60% | 1.74% | 3.72% | 2.13% | 2.31% | 1.75% | 2.07% | 2.56% |
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% | 0.00% |
Frequently Asked Questions
XSTB.TO and XEN.TO have a correlation of 0.36, 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 0.55% for XEN.TO.
XSTB.TO is categorized as Canadian Government Bonds, while XEN.TO is Canada Equities. XSTB.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while XEN.TO tracks Morningstar Canada GR CAD. Their fees differ too: 0.17% for XSTB.TO and 0.55% for XEN.TO.
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