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XTR.TO vs. XBAL.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XTR.TO vs. XBAL.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Diversified Monthly Income ETF (XTR.TO) and iShares Core Balanced ETF Portfolio (XBAL.TO).

XTR.TO and XBAL.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTR.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Neut Tgt Alloc NR CAD. It was launched on Dec 19, 2005. XBAL.TO is an actively managed fund by iShares. It was launched on Jun 21, 2007.

Performance

XTR.TO vs. XBAL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Diversified Monthly Income ETF (XTR.TO) and iShares Core Balanced ETF Portfolio (XBAL.TO). The values are adjusted to include any dividend payments, if applicable.

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XTR.TO vs. XBAL.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XTR.TO
iShares Diversified Monthly Income ETF		2.91%5.04%12.59%4.85%-4.61%10.02%2.26%12.67%-3.88%6.43%
XBAL.TO
iShares Core Balanced ETF Portfolio		0.29%11.87%15.76%13.01%-11.19%10.11%10.67%15.28%-2.80%5.48%

Returns By Period

In the year-to-date period, XTR.TO achieves a 2.91% return, which is significantly higher than XBAL.TO's 0.29% return. Over the past 10 years, XTR.TO has underperformed XBAL.TO with an annualized return of 5.51%, while XBAL.TO has yielded a comparatively higher 7.19% annualized return.

XTR.TO

1D
0.59%
1M
-1.56%
YTD
2.91%
6M
0.80%
1Y
4.31%
3Y*
7.99%
5Y*
5.12%
10Y*
5.51%

XBAL.TO

1D
1.71%
1M
-3.45%
YTD
0.29%
6M
0.54%
1Y
11.30%
3Y*
11.77%
5Y*
6.99%
10Y*
7.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Diversified Monthly Income ETF

iShares Core Balanced ETF Portfolio

Often compared with XTR.TO:
XTR.TO vs. FIE.TOXTR.TO vs. XCNS.TOXTR.TO vs. XDIV.TOXTR.TO vs. XEQT.TOXTR.TO vs. XEI.TOXTR.TO vs. ZMI.TOXTR.TO vs. HXT.TO
Often compared with XBAL.TO:
XBAL.TO vs. XEQT.TOXBAL.TO vs. VBAL.TOXBAL.TO vs. XCNS.TOXBAL.TO vs. XEI.TOXBAL.TO vs. ZBAL.TOXBAL.TO vs. ZLB.TOXBAL.TO vs. GBAL.TO

XTR.TO vs. XBAL.TO - Expense Ratio Comparison

XTR.TO has a 0.61% expense ratio, which is higher than XBAL.TO's 0.20% expense ratio.

XTR.TO
iShares Diversified Monthly Income ETF
XBAL.TO
iShares Core Balanced ETF Portfolio

Return for Risk

XTR.TO vs. XBAL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XTR.TO
XTR.TO Risk / Return Rank: 3333
Overall Rank
XTR.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
XTR.TO Sortino Ratio Rank: 2828
Sortino Ratio Rank
XTR.TO Omega Ratio Rank: 3535
Omega Ratio Rank
XTR.TO Calmar Ratio Rank: 3535
Calmar Ratio Rank
XTR.TO Martin Ratio Rank: 3333
Martin Ratio Rank
XBAL.TO
XBAL.TO Risk / Return Rank: 6565
Overall Rank
XBAL.TO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
XBAL.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
XBAL.TO Omega Ratio Rank: 6565
Omega Ratio Rank
XBAL.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
XBAL.TO Martin Ratio Rank: 6767
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XTR.TO vs. XBAL.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Monthly Income ETF (XTR.TO) and iShares Core Balanced ETF Portfolio (XBAL.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.

XTR.TOXBAL.TODifference

Sharpe ratio

Return per unit of total volatility

0.61

1.11

-0.50

Sortino ratio

Return per unit of downside risk

0.79

1.53

-0.74

Omega ratio

Gain probability vs. loss probability

1.13

1.23

-0.09

Calmar ratio

Return relative to maximum drawdown

0.86

1.53

-0.67

Martin ratio

Return relative to average drawdown

2.88

6.31

-3.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XTR.TO vs. XBAL.TO - Sharpe Ratio Comparison

The current XTR.TO Sharpe Ratio is 0.61, which is lower than the XBAL.TO Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of XTR.TO and XBAL.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XTR.TOXBAL.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.61

1.11

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.81

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.78

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.64

-0.27

Correlation

The correlation between XTR.TO and XBAL.TO is 0.54, 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.

Dividends

XTR.TO vs. XBAL.TO - Dividend Comparison

XTR.TO's dividend yield for the trailing twelve months is around 4.03%, more than XBAL.TO's 2.25% yield.

TTM20252024202320222021202020192018201720162015
XTR.TO
iShares Diversified Monthly Income ETF		4.03%4.10%4.14%4.46%4.47%4.08%5.39%5.21%5.57%5.08%5.14%6.59%
XBAL.TO
iShares Core Balanced ETF Portfolio		2.25%2.24%2.68%2.40%2.09%1.74%1.99%2.26%3.39%2.93%3.64%3.29%

Drawdowns

XTR.TO vs. XBAL.TO - Drawdown Comparison

The maximum XTR.TO drawdown since its inception was -51.58%, which is greater than XBAL.TO's maximum drawdown of -28.83%. Use the drawdown chart below to compare losses from any high point for XTR.TO and XBAL.TO.

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Drawdown Indicators

XTR.TOXBAL.TODifference

Max Drawdown

Largest peak-to-trough decline

-51.58%

-28.83%

-22.75%

Max Drawdown (1Y)

Largest decline over 1 year

-5.90%

-7.68%

+1.78%

Max Drawdown (5Y)

Largest decline over 5 years

-9.87%

-17.12%

+7.25%

Max Drawdown (10Y)

Largest decline over 10 years

-25.93%

-20.93%

-5.00%

Current Drawdown

Current decline from peak

-1.56%

-3.84%

+2.28%

Average Drawdown

Average peak-to-trough decline

-5.12%

-3.41%

-1.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.78%

1.86%

-0.08%

Volatility

XTR.TO vs. XBAL.TO - Volatility Comparison

The current volatility for iShares Diversified Monthly Income ETF (XTR.TO) is 2.25%, while iShares Core Balanced ETF Portfolio (XBAL.TO) has a volatility of 4.28%. This indicates that XTR.TO experiences smaller price fluctuations and is considered to be less risky than XBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XTR.TOXBAL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.25%

4.28%

-2.03%

Volatility (6M)

Calculated over the trailing 6-month period

4.72%

6.56%

-1.84%

Volatility (1Y)

Calculated over the trailing 1-year period

7.12%

10.21%

-3.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.38%

8.64%

-2.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.37%

9.27%

-0.90%