XTLT.TO vs. FGO.TO
XTLT.TO (iShares 20+ Year U.S. Treasury Bond Index ETF) and FGO.TO (CI Enhanced Government Bond ETF) are both Government Bonds funds. XTLT.TO is passively managed, while FGO.TO is actively managed. Over the past 3 years, XTLT.TO returned -0.22%/yr vs 3.04%/yr for FGO.TO. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
XTLT.TO vs. FGO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XTLT.TO achieves a 4.36% return, which is significantly higher than FGO.TO's 1.63% return.
XTLT.TO
- 1D
- -1.38%
- 1M
- 4.20%
- YTD
- 4.36%
- 6M
- 3.78%
- 1Y
- 5.31%
- 3Y*
- -0.22%
- 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*
- —
XTLT.TO vs. FGO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 4.36% | -1.66% | -2.55% | -2.78% |
FGO.TO CI Enhanced Government Bond ETF | 1.63% | 3.02% | 1.37% | 3.31% |
Correlation
The correlation between XTLT.TO and FGO.TO is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2023 | 0.63 |
The correlation between XTLT.TO and FGO.TO has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
XTLT.TO vs. FGO.TO — Risk / Return Rank
XTLT.TO
FGO.TO
XTLT.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 (XTLT.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.
| XTLT.TO | FGO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 0.76 | -0.24 |
| Martin ratioReturn relative to average drawdown | 1.08 | 1.72 | -0.65 |
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Drawdowns
XTLT.TO vs. FGO.TO - Drawdown Comparison
The maximum XTLT.TO drawdown since its inception was -21.04%, 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 XTLT.TO and FGO.TO.
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Drawdown Indicators
| XTLT.TO | FGO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.04% | -14.83% | -6.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -2.82% | -7.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.58% | -6.12% | -9.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.26% | — |
Current DrawdownCurrent decline from peak | -8.09% | -1.54% | -6.55% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -4.66% | -4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 1.30% | +3.65% |
Volatility
XTLT.TO vs. FGO.TO - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) has a higher volatility of 3.09% compared to CI Enhanced Government Bond ETF (FGO.TO) at 1.05%. This indicates that XTLT.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.
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Volatility by Period
| XTLT.TO | FGO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 1.05% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 3.11% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 4.42% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 6.12% | +8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.15% | 5.81% | +8.34% |
Dividends
XTLT.TO vs. FGO.TO - Dividend Comparison
XTLT.TO's dividend yield for the trailing twelve months is around 5.00%, 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% |
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 5.00% | 4.63% | 4.21% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTLT.TO and FGO.TO have a correlation of 0.65, 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.
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