XTLH.TO vs. VSBSX
XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) and VSBSX (Vanguard Short-Term Treasury Index Fund Admiral Shares) are both Government Bonds funds. Over the past 3 years, XTLH.TO returned -3.65%/yr vs 5.35%/yr for VSBSX. At a 0.04 correlation, their price movements are largely independent. XTLH.TO charges 0.18%/yr vs 0.07%/yr for VSBSX.
Performance
XTLH.TO vs. VSBSX - Performance Comparison
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Different Trading Currencies
XTLH.TO is traded in CAD, while VSBSX is traded in USD. To make them comparable, the VSBSX values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XTLH.TO achieves a -1.03% return, which is significantly lower than VSBSX's 1.37% return.
XTLH.TO
- 1D
- -0.42%
- 1M
- 0.65%
- YTD
- -1.03%
- 6M
- -2.78%
- 1Y
- 3.13%
- 3Y*
- -3.65%
- 5Y*
- —
- 10Y*
- —
VSBSX
- 1D
- 0.31%
- 1M
- 1.69%
- YTD
- 1.37%
- 6M
- -0.02%
- 1Y
- 4.37%
- 3Y*
- 5.35%
- 5Y*
- 4.63%
- 10Y*
- 2.45%
XTLH.TO vs. VSBSX - 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% |
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 1.37% | 0.26% | 13.36% | 1.73% |
Correlation
The correlation between XTLH.TO and VSBSX is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.04 |
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Return for Risk
XTLH.TO vs. VSBSX — Risk / Return Rank
XTLH.TO
VSBSX
XTLH.TO vs. VSBSX - 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 Short-Term Treasury Index Fund Admiral Shares (VSBSX). 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 | VSBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.17 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.12 | -0.74 |
| Martin ratioReturn relative to average drawdown | 0.94 | 2.79 | -1.86 |
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
| XTLH.TO | VSBSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 0.97 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.40 | -0.56 |
Drawdowns
XTLH.TO vs. VSBSX - Drawdown Comparison
The maximum XTLH.TO drawdown since its inception was -22.72%, which is greater than VSBSX's maximum drawdown of -16.44%. Use the drawdown chart below to compare losses from any high point for XTLH.TO and VSBSX.
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Drawdown Indicators
| XTLH.TO | VSBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.72% | -16.44% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -3.91% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -5.33% | -14.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.44% | — |
Current DrawdownCurrent decline from peak | -14.80% | -1.07% | -13.73% |
Average DrawdownAverage peak-to-trough decline | -12.15% | -6.25% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 1.57% | +1.79% |
Volatility
XTLH.TO vs. VSBSX - 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 Short-Term Treasury Index Fund Admiral Shares (VSBSX) at 0.72%. This indicates that XTLH.TO's price experiences larger fluctuations and is considered to be riskier than VSBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTLH.TO | VSBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 0.72% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | 3.43% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 4.53% | +5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 6.30% | +7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 6.78% | +7.38% |
XTLH.TO vs. VSBSX - Expense Ratio Comparison
XTLH.TO has a 0.18% expense ratio, which is higher than VSBSX's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XTLH.TO vs. VSBSX - Dividend Comparison
XTLH.TO's dividend yield for the trailing twelve months is around 4.62%, more than VSBSX's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 3.84% | 3.98% | 4.50% | 3.29% | 1.12% | 0.63% | 1.72% | 2.26% | 1.80% | 1.10% | 0.76% | 0.71% |
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 VSBSX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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