XTLT.TO vs. XTLH.TO
Compare and contrast key facts about iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO).
XTLT.TO and XTLH.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. 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. Both XTLT.TO and XTLH.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 XTLH.TO.
Key characteristics
| XTLT.TO | XTLH.TO | |
|---|---|---|
| YTD Return | 6.18% | 2.39% |
| 1Y Return | 11.76% | 9.67% |
| Sharpe Ratio | 0.77 | 0.57 |
| Daily Std Dev | 15.43% | 15.97% |
| Max Drawdown | -21.04% | -22.72% |
| Current Drawdown | -2.42% | -5.03% |
Correlation
The correlation between XTLT.TO and XTLH.TO is 0.74, 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
XTLT.TO vs. XTLH.TO - Performance Comparison
In the year-to-date period, XTLT.TO achieves a 6.18% return, which is significantly higher than XTLH.TO's 2.39% 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. XTLH.TO - Expense Ratio Comparison
Both XTLT.TO and XTLH.TO have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XTLT.TO vs. XTLH.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 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.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. XTLH.TO - Dividend Comparison
XTLT.TO's dividend yield for the trailing twelve months is around 3.34%, less than XTLH.TO's 3.39% yield.
| TTM | 2023 | |
|---|---|---|
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 3.34% | 2.85% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 3.39% | 2.67% |
Drawdowns
XTLT.TO vs. XTLH.TO - Drawdown Comparison
The maximum XTLT.TO drawdown since its inception was -21.04%, smaller than the maximum XTLH.TO drawdown of -22.72%. Use the drawdown chart below to compare losses from any high point for XTLT.TO and XTLH.TO. For additional features, visit the drawdowns tool.
Volatility
XTLT.TO vs. XTLH.TO - Volatility Comparison
The current volatility for iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) is 3.41%, while iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) has a volatility of 3.67%. This indicates that XTLT.TO experiences smaller price fluctuations and is considered to be less risky than XTLH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.