XTLT.TO vs. XLB.TO
Compare and contrast key facts about iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and iShares Core Canadian Long Term Bond Index ETF (XLB.TO).
XTLT.TO and XLB.TO 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. XLB.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 10+Y Core Bd GR CAD. It was launched on Nov 6, 2006. Both XTLT.TO and XLB.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: XTLT.TO or XLB.TO.
Key characteristics
| XTLT.TO | XLB.TO | |
|---|---|---|
| YTD Return | -0.81% | 0.17% |
| 1Y Return | 6.48% | 8.82% |
| Sharpe Ratio | 0.59 | 0.95 |
| Sortino Ratio | 0.95 | 1.41 |
| Omega Ratio | 1.11 | 1.16 |
| Calmar Ratio | 0.53 | 0.40 |
| Martin Ratio | 1.94 | 2.29 |
| Ulcer Index | 4.19% | 4.83% |
| Daily Std Dev | 13.75% | 11.70% |
| Max Drawdown | -21.04% | -32.96% |
| Current Drawdown | -8.85% | -20.44% |
Correlation
The correlation between XTLT.TO and XLB.TO is 0.66, 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. XLB.TO - Performance Comparison
In the year-to-date period, XTLT.TO achieves a -0.81% return, which is significantly lower than XLB.TO's 0.17% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
XTLT.TO vs. XLB.TO - Expense Ratio Comparison
XTLT.TO has a 0.18% expense ratio, which is lower than XLB.TO'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. XLB.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 (XTLT.TO) and iShares Core Canadian Long Term Bond Index ETF (XLB.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
XTLT.TO vs. XLB.TO - Dividend Comparison
XTLT.TO's dividend yield for the trailing twelve months is around 3.67%, less than XLB.TO's 3.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 3.67% | 2.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 3.83% | 3.73% | 3.97% | 3.03% | 2.90% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% | 3.90% | 4.14% |
Drawdowns
XTLT.TO vs. XLB.TO - Drawdown Comparison
The maximum XTLT.TO drawdown since its inception was -21.04%, smaller than the maximum XLB.TO drawdown of -32.96%. Use the drawdown chart below to compare losses from any high point for XTLT.TO and XLB.TO. For additional features, visit the drawdowns tool.
Volatility
XTLT.TO vs. XLB.TO - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) has a higher volatility of 4.99% compared to iShares Core Canadian Long Term Bond Index ETF (XLB.TO) at 4.07%. This indicates that XTLT.TO's price experiences larger fluctuations and is considered to be riskier than XLB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.