XSTP.TO vs. XSTH.TO
XSTP.TO (iShares 0-5 Year TIPS Bond Index ETF) and XSTH.TO (iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)) are both Inflation-Protected Bonds funds from iShares tracking the Morningstar Gbl Core Bd GR CAD. Both are passively managed. Over the past 3 years, XSTP.TO returned 6.18%/yr vs 3.85%/yr for XSTH.TO. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.16% expense ratio.
Performance
XSTP.TO vs. XSTH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSTP.TO achieves a 3.35% return, which is significantly higher than XSTH.TO's 1.24% return.
XSTP.TO
- 1D
- 0.51%
- 1M
- 2.16%
- YTD
- 3.35%
- 6M
- 1.23%
- 1Y
- 5.54%
- 3Y*
- 6.18%
- 5Y*
- —
- 10Y*
- —
XSTH.TO
- 1D
- -0.03%
- 1M
- -0.13%
- YTD
- 1.24%
- 6M
- 1.11%
- 1Y
- 2.77%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
XSTP.TO vs. XSTH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF | 3.35% | 0.64% | 13.59% | 2.31% | 17.76% | 4.89% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 1.24% | 4.20% | 3.68% | 3.90% | -3.36% | 1.76% |
Correlation
The correlation between XSTP.TO and XSTH.TO is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.08 |
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Return for Risk
XSTP.TO vs. XSTH.TO — Risk / Return Rank
XSTP.TO
XSTH.TO
XSTP.TO vs. XSTH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO) and iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.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.
| XSTP.TO | XSTH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.86 | -0.69 |
| Martin ratioReturn relative to average drawdown | 2.84 | 7.42 | -4.58 |
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
| XSTP.TO | XSTH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 1.28 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.64 | +0.34 |
Drawdowns
XSTP.TO vs. XSTH.TO - Drawdown Comparison
The maximum XSTP.TO drawdown since its inception was -5.68%, smaller than the maximum XSTH.TO drawdown of -5.98%. Use the drawdown chart below to compare losses from any high point for XSTP.TO and XSTH.TO.
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Drawdown Indicators
| XSTP.TO | XSTH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.68% | -5.98% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -4.76% | -1.49% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -1.49% | -4.19% |
Current DrawdownCurrent decline from peak | -0.33% | -0.19% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -1.56% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 0.37% | +1.59% |
Volatility
XSTP.TO vs. XSTH.TO - Volatility Comparison
iShares 0-5 Year TIPS Bond Index ETF (XSTP.TO) has a higher volatility of 0.94% compared to iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) at 0.43%. This indicates that XSTP.TO's price experiences larger fluctuations and is considered to be riskier than XSTH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSTP.TO | XSTH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 0.43% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 3.50% | 1.52% | +1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 2.18% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.13% | 3.64% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 3.64% | +5.49% |
XSTP.TO vs. XSTH.TO - Expense Ratio Comparison
Both XSTP.TO and XSTH.TO have an expense ratio of 0.16%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XSTP.TO vs. XSTH.TO - Dividend Comparison
XSTP.TO's dividend yield for the trailing twelve months is around 3.57%, which matches XSTH.TO's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 3.55% | 3.94% | 2.53% | 3.15% | 6.07% | 2.05% |
XSTP.TO iShares 0-5 Year TIPS Bond Index ETF | 3.57% | 4.06% | 2.41% | 3.08% | 5.70% | 2.35% |
Frequently Asked Questions
XSTP.TO and XSTH.TO have a correlation of 0.10, 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 0.16% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XSTP.TO and XSTH.TO have the same expense ratio: 0.16% per year.
Both ETFs track Morningstar Gbl Core Bd GR CAD.
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