XTLH.TO vs. VBG.NEO
XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) and VBG.NEO (Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged)) are both exchange-traded funds - XTLH.TO is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged), while VBG.NEO is a Global Bonds fund tracking the Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged). Both are passively managed. Over the past 3 years, XTLH.TO returned -3.65%/yr vs 1.73%/yr for VBG.NEO. A 0.70 correlation means they provide meaningful diversification when combined. XTLH.TO charges 0.18%/yr vs 0.39%/yr for VBG.NEO.
Performance
XTLH.TO vs. VBG.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTLH.TO achieves a -1.03% return, which is significantly lower than VBG.NEO's -0.37% return.
XTLH.TO
- 1D
- -0.42%
- 1M
- 0.65%
- YTD
- -1.03%
- 6M
- -2.78%
- 1Y
- 3.13%
- 3Y*
- -3.65%
- 5Y*
- —
- 10Y*
- —
VBG.NEO
- 1D
- -0.32%
- 1M
- 0.52%
- YTD
- -0.37%
- 6M
- -1.06%
- 1Y
- -0.73%
- 3Y*
- 1.73%
- 5Y*
- -1.36%
- 10Y*
- 0.30%
XTLH.TO vs. VBG.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | -1.03% | 2.61% | -9.55% | 1.56% |
VBG.NEO Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) | -0.37% | 0.14% | 1.68% | 6.70% |
Correlation
The correlation between XTLH.TO and VBG.NEO is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.70 |
The correlation between XTLH.TO and VBG.NEO has been stable across timeframes, ranging from 0.61 to 0.70 - 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. VBG.NEO — Risk / Return Rank
XTLH.TO
VBG.NEO
XTLH.TO vs. VBG.NEO - 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 Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG.NEO). 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.
| XTLH.TO | VBG.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.97 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.23 | +0.61 |
| Martin ratioReturn relative to average drawdown | 0.94 | -0.56 | +1.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XTLH.TO | VBG.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | -0.19 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.23 | -0.38 |
Drawdowns
XTLH.TO vs. VBG.NEO - Drawdown Comparison
The maximum XTLH.TO drawdown since its inception was -22.72%, which is greater than VBG.NEO's maximum drawdown of -17.31%. Use the drawdown chart below to compare losses from any high point for XTLH.TO and VBG.NEO.
Loading charts...
Drawdown Indicators
| XTLH.TO | VBG.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.72% | -17.31% | -5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -3.17% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -3.17% | -16.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.31% | — |
Current DrawdownCurrent decline from peak | -14.80% | -9.13% | -5.67% |
Average DrawdownAverage peak-to-trough decline | -12.15% | -4.86% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 1.31% | +2.05% |
Volatility
XTLH.TO vs. VBG.NEO - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) has a higher volatility of 2.98% compared to Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) (VBG.NEO) at 1.84%. This indicates that XTLH.TO's price experiences larger fluctuations and is considered to be riskier than VBG.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XTLH.TO | VBG.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 1.84% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | 3.13% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 3.77% | +5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 5.20% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 4.62% | +9.54% |
XTLH.TO vs. VBG.NEO - Expense Ratio Comparison
XTLH.TO has a 0.18% expense ratio, which is lower than VBG.NEO's 0.39% expense ratio.
Dividends
XTLH.TO vs. VBG.NEO - Dividend Comparison
XTLH.TO's dividend yield for the trailing twelve months is around 4.62%, more than VBG.NEO's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBG.NEO Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged) | 3.61% | 3.46% | 3.25% | 3.44% | 1.14% | 2.91% | 0.64% | 2.54% | 2.34% | 1.74% | 1.41% | 1.26% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 4.62% | 4.42% | 4.32% | 2.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTLH.TO and VBG.NEO have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTLH.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTLH.TO is cheaper with a 0.18% expense ratio, compared with 0.39% for VBG.NEO.
XTLH.TO is categorized as Government Bonds, while VBG.NEO is Global Bonds. XTLH.TO tracks ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged), while VBG.NEO tracks Bloomberg Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for XTLH.TO and 0.39% for VBG.NEO.
Find the right allocation for XTLH.TO and VBG.NEO
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