XTLH.TO vs. FGO.TO
XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) and FGO.TO (CI Enhanced Government Bond ETF) are both Government Bonds funds. XTLH.TO is passively managed, while FGO.TO is actively managed. Over the past year, XTLH.TO returned 1.14% vs 2.14% for FGO.TO. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
XTLH.TO vs. FGO.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTLH.TO achieves a 0.62% return, which is significantly lower than FGO.TO's 1.63% return.
XTLH.TO
- 1D
- -0.79%
- 1M
- 1.67%
- YTD
- 0.62%
- 6M
- -0.16%
- 1Y
- 1.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FGO.TO
- 1D
- -0.20%
- 1M
- 0.38%
- YTD
- 1.63%
- 6M
- 1.42%
- 1Y
- 2.14%
- 3Y*
- 3.04%
- 5Y*
- 0.29%
- 10Y*
- —
XTLH.TO vs. FGO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 0.62% | 2.61% | -9.55% | -1.06% |
FGO.TO CI Enhanced Government Bond ETF | 1.63% | 3.02% | 1.37% | -0.20% |
Correlation
The correlation between XTLH.TO and FGO.TO is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | 0.76 |
The correlation between XTLH.TO and FGO.TO has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XTLH.TO vs. FGO.TO — Risk / Return Rank
XTLH.TO
FGO.TO
XTLH.TO vs. FGO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) and CI Enhanced Government Bond ETF (FGO.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.
| XTLH.TO | FGO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.09 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.76 | -0.62 |
| Martin ratioReturn relative to average drawdown | 0.32 | 1.72 | -1.40 |
Loading charts...
Drawdowns
XTLH.TO vs. FGO.TO - Drawdown Comparison
The maximum XTLH.TO drawdown since its inception was -15.86%, which is greater than FGO.TO's maximum drawdown of -14.83%. Use the drawdown chart below to compare losses from any high point for XTLH.TO and FGO.TO.
Loading charts...
Drawdown Indicators
| XTLH.TO | FGO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.86% | -14.83% | -1.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -2.82% | -5.55% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.26% | — |
Current DrawdownCurrent decline from peak | -10.40% | -1.54% | -8.86% |
Average DrawdownAverage peak-to-trough decline | -9.16% | -4.66% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.30% | +2.28% |
Volatility
XTLH.TO vs. FGO.TO - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) has a higher volatility of 3.03% compared to CI Enhanced Government Bond ETF (FGO.TO) at 1.05%. This indicates that XTLH.TO's price experiences larger fluctuations and is considered to be riskier than FGO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XTLH.TO | FGO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 1.05% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 3.11% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.58% | 4.42% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 6.12% | +6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.39% | 5.81% | +6.58% |
Dividends
XTLH.TO vs. FGO.TO - Dividend Comparison
XTLH.TO's dividend yield for the trailing twelve months is around 4.58%, more than FGO.TO's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FGO.TO CI Enhanced Government Bond ETF | 2.42% | 2.80% | 3.10% | 2.33% | 1.46% | 0.62% | 0.68% | 0.92% | 0.15% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 4.58% | 4.42% | 4.32% | 0.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTLH.TO and FGO.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and CI.
Find the right allocation for XTLH.TO and FGO.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer