XTLT.TO vs. BOND
XTLT.TO (iShares 20+ Year U.S. Treasury Bond Index ETF) and BOND (PIMCO Active Bond ETF) are both exchange-traded funds - XTLT.TO is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while BOND is a Intermediate Core-Plus Bond fund actively managed by PIMCO. XTLT.TO is passively managed, while BOND is actively managed. Over the past 3 years, XTLT.TO returned -1.68%/yr vs 6.21%/yr for BOND. A 0.68 correlation means they provide meaningful diversification when combined. XTLT.TO charges 0.18%/yr vs 0.54%/yr for BOND.
Performance
XTLT.TO vs. BOND - Performance Comparison
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Different Trading Currencies
XTLT.TO is traded in CAD, while BOND is traded in USD. To make them comparable, the BOND values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XTLT.TO achieves a 0.91% return, which is significantly lower than BOND's 1.76% return.
XTLT.TO
- 1D
- 0.00%
- 1M
- 2.85%
- YTD
- 0.91%
- 6M
- -2.99%
- 1Y
- 5.60%
- 3Y*
- -1.68%
- 5Y*
- —
- 10Y*
- —
BOND
- 1D
- 0.17%
- 1M
- 2.31%
- YTD
- 1.76%
- 6M
- 0.07%
- 1Y
- 8.08%
- 3Y*
- 6.21%
- 5Y*
- 3.38%
- 10Y*
- 2.90%
XTLT.TO vs. BOND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 0.91% | -1.07% | -1.47% | -2.80% |
BOND PIMCO Active Bond ETF | 1.76% | 3.42% | 11.60% | 2.91% |
Correlation
The correlation between XTLT.TO and BOND is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2023 | 0.68 |
The correlation between XTLT.TO and BOND has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.
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Return for Risk
XTLT.TO vs. BOND — Risk / Return Rank
XTLT.TO
BOND
XTLT.TO vs. BOND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and PIMCO Active Bond ETF (BOND). 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.
| XTLT.TO | BOND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.27 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.04 | -1.46 |
| Martin ratioReturn relative to average drawdown | 1.26 | 4.64 | -3.38 |
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
| XTLT.TO | BOND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 1.48 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.70 | -0.79 |
Drawdowns
XTLT.TO vs. BOND - Drawdown Comparison
The maximum XTLT.TO drawdown since its inception was -21.04%, which is greater than BOND's maximum drawdown of -18.33%. Use the drawdown chart below to compare losses from any high point for XTLT.TO and BOND.
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Drawdown Indicators
| XTLT.TO | BOND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.04% | -18.33% | -2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -3.98% | -5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -7.07% | -9.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.33% | — |
Current DrawdownCurrent decline from peak | -9.60% | -1.17% | -8.43% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -5.06% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 1.75% | +2.70% |
Volatility
XTLT.TO vs. BOND - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) has a higher volatility of 3.14% compared to PIMCO Active Bond ETF (BOND) at 1.48%. This indicates that XTLT.TO's price experiences larger fluctuations and is considered to be riskier than BOND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTLT.TO | BOND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 1.48% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 4.29% | +2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.21% | 5.47% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.17% | 7.39% | +6.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.17% | 7.58% | +6.59% |
XTLT.TO vs. BOND - Expense Ratio Comparison
XTLT.TO has a 0.18% expense ratio, which is lower than BOND's 0.54% expense ratio.
Dividends
XTLT.TO vs. BOND - Dividend Comparison
XTLT.TO's dividend yield for the trailing twelve months is around 4.97%, less than BOND's 5.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOND PIMCO Active Bond ETF | 5.19% | 5.11% | 5.02% | 4.06% | 3.44% | 2.58% | 2.66% | 3.38% | 3.18% | 2.87% | 2.85% | 4.14% |
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 4.97% | 4.60% | 4.17% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTLT.TO and BOND have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTLT.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTLT.TO is cheaper with a 0.18% expense ratio, compared with 0.54% for BOND.
XTLT.TO is categorized as Government Bonds, while BOND is Intermediate Core-Plus Bond. They also come from different issuers: iShares and PIMCO. Their fees differ too: 0.18% for XTLT.TO and 0.54% for BOND.
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