XTLT.TO vs. XBB
Compare and contrast key facts about iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB).
XTLT.TO and XBB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTLT.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 is a passively managed fund by BondBloxx that tracks the performance of the ICE BofA BB US Cash Pay High Yield Constrained Index. It was launched on May 24, 2022. Both XTLT.TO and XBB 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: XTLT.TO or XBB.
Key characteristics
| XTLT.TO | XBB | |
|---|---|---|
| YTD Return | 1.01% | 6.88% |
| 1Y Return | 9.75% | 12.05% |
| Sharpe Ratio | 0.75 | 2.65 |
| Sortino Ratio | 1.18 | 4.27 |
| Omega Ratio | 1.13 | 1.51 |
| Calmar Ratio | 0.66 | 7.87 |
| Martin Ratio | 2.49 | 23.93 |
| Ulcer Index | 4.13% | 0.52% |
| Daily Std Dev | 13.69% | 4.67% |
| Max Drawdown | -21.04% | -8.87% |
| Current Drawdown | -7.17% | -0.34% |
Correlation
The correlation between XTLT.TO and XBB is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XTLT.TO vs. XBB - Performance Comparison
In the year-to-date period, XTLT.TO achieves a 1.01% return, which is significantly lower than XBB's 6.88% 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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XTLT.TO vs. XBB - Expense Ratio Comparison
XTLT.TO has a 0.18% expense ratio, which is lower than XBB's 0.20% expense ratio. Despite the difference, 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
XTLT.TO vs. XBB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB). 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
XTLT.TO vs. XBB - Dividend Comparison
XTLT.TO's dividend yield for the trailing twelve months is around 3.60%, less than XBB's 6.27% yield.
| TTM | 2023 | 2022 | |
|---|---|---|---|
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 3.60% | 2.85% | 0.00% |
XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF | 6.27% | 6.15% | 3.74% |
Drawdowns
XTLT.TO vs. XBB - Drawdown Comparison
The maximum XTLT.TO drawdown since its inception was -21.04%, which is greater than XBB's maximum drawdown of -8.87%. Use the drawdown chart below to compare losses from any high point for XTLT.TO and XBB. For additional features, visit the drawdowns tool.
Volatility
XTLT.TO vs. XBB - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) has a higher volatility of 4.99% compared to BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) at 1.51%. This indicates that XTLT.TO's price experiences larger fluctuations and is considered to be riskier than XBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.