XTLH.TO vs. XBB.TO
Compare and contrast key facts about iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) and iShares Core Canadian Universe Bond Index ETF (XBB.TO).
XTLH.TO and XBB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTLH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Core Bd GR CAD. It was launched on Feb 7, 2023. XBB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Core Bd GR CAD. It was launched on Nov 20, 2000. Both XTLH.TO and XBB.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XTLH.TO or XBB.TO.
Key characteristics
| XTLH.TO | XBB.TO | |
|---|---|---|
| YTD Return | -5.77% | 3.34% |
| 1Y Return | 4.51% | 8.95% |
| Sharpe Ratio | 0.43 | 1.57 |
| Sortino Ratio | 0.70 | 2.27 |
| Omega Ratio | 1.08 | 1.28 |
| Calmar Ratio | 0.35 | 0.65 |
| Martin Ratio | 1.01 | 5.55 |
| Ulcer Index | 6.21% | 1.69% |
| Daily Std Dev | 14.65% | 5.97% |
| Max Drawdown | -22.72% | -18.16% |
| Current Drawdown | -12.60% | -5.90% |
Correlation
The correlation between XTLH.TO and XBB.TO is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XTLH.TO vs. XBB.TO - Performance Comparison
In the year-to-date period, XTLH.TO achieves a -5.77% return, which is significantly lower than XBB.TO's 3.34% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XTLH.TO vs. XBB.TO - Expense Ratio Comparison
XTLH.TO has a 0.18% expense ratio, which is higher than XBB.TO's 0.10% 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%.
Risk-Adjusted Performance
XTLH.TO vs. XBB.TO - Risk-Adjusted Performance 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 iShares Core Canadian Universe Bond Index ETF (XBB.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.
Dividends
XTLH.TO vs. XBB.TO - Dividend Comparison
XTLH.TO's dividend yield for the trailing twelve months is around 3.84%, more than XBB.TO's 3.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 3.84% | 2.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.21% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% | 3.04% | 3.32% |
Drawdowns
XTLH.TO vs. XBB.TO - Drawdown Comparison
The maximum XTLH.TO drawdown since its inception was -22.72%, which is greater than XBB.TO's maximum drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for XTLH.TO and XBB.TO. For additional features, visit the drawdowns tool.
Volatility
XTLH.TO vs. XBB.TO - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) has a higher volatility of 6.09% compared to iShares Core Canadian Universe Bond Index ETF (XBB.TO) at 2.57%. This indicates that XTLH.TO's price experiences larger fluctuations and is considered to be riskier than XBB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.