Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CDZ.TO iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | Canada Equities | 30% |
CMR.TO iShares Premium Money Market ETF | Money Market | 20% |
XDV.TO iShares Canadian Select Dividend Index ETF | Canada Equities | 10% |
ZAG.TO BMO Aggregate Bond Index ETF | Canadian Government Bonds | 30% |
ZDI.TO BMO International Dividend ETF | International Equity | 10% |
Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Canadian Dividends, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Nov 12, 2014, corresponding to the inception date of ZDI.TO
Returns By Period
As of Apr 3, 2026, the Canadian Dividends returned 3.77% Year-To-Date and 6.03% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.48% | -2.20% | -2.42% | -2.12% | 20.50% | 18.26% | 12.69% | 12.98% |
Portfolio Canadian Dividends | 0.32% | -0.69% | 3.77% | 3.57% | 12.69% | 9.57% | 6.50% | 6.03% |
| Portfolio components: | ||||||||
CDZ.TO iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 0.74% | -0.83% | 7.22% | 4.54% | 22.32% | 14.56% | 10.39% | 9.47% |
CMR.TO iShares Premium Money Market ETF | 0.02% | 0.21% | 0.61% | 1.08% | 2.52% | 3.86% | 2.87% | 1.86% |
XDV.TO iShares Canadian Select Dividend Index ETF | 0.45% | -1.28% | 6.83% | 12.36% | 32.75% | 18.20% | 12.50% | 10.82% |
ZAG.TO BMO Aggregate Bond Index ETF | 0.22% | -1.31% | 0.11% | -0.18% | 0.70% | 3.21% | 0.59% | 1.66% |
ZDI.TO BMO International Dividend ETF | -0.19% | 0.83% | 7.87% | 9.07% | 20.22% | 16.47% | 12.87% | 9.29% |
Monthly Returns
Based on dividend-adjusted daily data since Nov 13, 2014, Canadian Dividends's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, your investment would double in approximately 12.9 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +6.4%, while the worst month was Mar 2020 at -11.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, Canadian Dividends closed higher 56% of trading days. The best single day was Mar 19, 2020 with a return of +4.1%, while the worst single day was Mar 12, 2020 at -6.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.34% | 3.80% | -1.80% | 0.45% | 3.77% | ||||||||
| 2025 | 0.92% | 0.55% | 0.34% | -0.15% | 2.24% | 0.88% | 0.10% | 2.14% | 1.99% | 0.28% | 1.58% | -1.38% | 9.85% |
| 2024 | 0.11% | 0.46% | 1.46% | -1.89% | 1.76% | 0.30% | 3.75% | 1.32% | 3.06% | -0.20% | 2.26% | -1.89% | 10.83% |
| 2023 | 4.17% | -0.95% | 0.39% | 1.62% | -2.43% | 1.10% | 0.29% | -1.01% | -2.29% | -1.22% | 4.55% | 3.90% | 8.08% |
| 2022 | -0.09% | -0.66% | 0.33% | -2.92% | 0.21% | -4.24% | 3.20% | -2.09% | -2.97% | 1.69% | 4.24% | -1.48% | -5.03% |
| 2021 | -0.04% | 1.08% | 2.49% | 1.57% | 1.68% | 0.90% | 1.17% | 0.46% | -1.61% | 0.91% | -1.18% | 2.14% | 9.90% |
Benchmark Metrics
Canadian Dividends has an annualized alpha of 1.92%, beta of 0.29, and R² of 0.40 versus S&P 500 Index. Calculated based on daily prices since November 13, 2014.
- This portfolio participated in 35.50% of S&P 500 Index downside but only 34.59% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.29 may look defensive, but with R² of 0.40 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.40 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.92%
- Beta
- 0.29
- R²
- 0.40
- Upside Capture
- 34.59%
- Downside Capture
- 35.50%
Expense Ratio
Canadian Dividends has an expense ratio of 0.35%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
Canadian Dividends ranks 82 for risk / return — in the top 82% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 0.75 | +1.22 |
Sortino ratioReturn per unit of downside risk | 2.54 | 1.14 | +1.41 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.18 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 1.15 | +1.27 |
Martin ratioReturn relative to average drawdown | 10.76 | 4.21 | +6.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
CDZ.TO iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 85 | 1.94 | 2.43 | 1.42 | 2.47 | 12.14 |
CMR.TO iShares Premium Money Market ETF | 99 | 10.82 | 21.93 | 9.42 | 26.95 | 197.89 |
XDV.TO iShares Canadian Select Dividend Index ETF | 96 | 3.04 | 3.75 | 1.64 | 4.04 | 18.73 |
ZAG.TO BMO Aggregate Bond Index ETF | 12 | 0.12 | 0.19 | 1.02 | 0.10 | 0.20 |
ZDI.TO BMO International Dividend ETF | 65 | 1.31 | 1.80 | 1.26 | 1.83 | 7.15 |
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Dividends
Dividend yield
Canadian Dividends provided a 3.18% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.18% | 3.32% | 3.82% | 3.94% | 3.33% | 2.54% | 3.02% | 3.22% | 3.44% | 2.81% | 2.89% | 3.03% |
| Portfolio components: | ||||||||||||
CDZ.TO iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 3.29% | 3.46% | 3.56% | 3.71% | 3.67% | 2.95% | 3.70% | 3.68% | 4.37% | 3.43% | 3.51% | 3.72% |
CMR.TO iShares Premium Money Market ETF | 2.57% | 2.81% | 4.56% | 4.64% | 1.62% | 0.00% | 0.47% | 1.60% | 1.33% | 0.61% | 0.43% | 0.48% |
XDV.TO iShares Canadian Select Dividend Index ETF | 3.24% | 3.46% | 4.20% | 4.46% | 4.34% | 3.69% | 4.55% | 4.01% | 4.68% | 3.47% | 3.72% | 4.52% |
ZAG.TO BMO Aggregate Bond Index ETF | 3.48% | 3.48% | 3.44% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% |
ZDI.TO BMO International Dividend ETF | 3.12% | 3.34% | 3.94% | 4.15% | 3.99% | 3.72% | 4.96% | 4.92% | 5.23% | 4.23% | 4.62% | 4.26% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Canadian Dividends. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Canadian Dividends was 23.08%, occurring on Mar 18, 2020. Recovery took 201 trading sessions.
The current Canadian Dividends drawdown is 1.38%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.08% | Feb 21, 2020 | 19 | Mar 18, 2020 | 201 | Jan 6, 2021 | 220 |
| -11.13% | Feb 10, 2022 | 167 | Oct 11, 2022 | 296 | Dec 13, 2023 | 463 |
| -9.74% | Apr 16, 2015 | 192 | Jan 20, 2016 | 138 | Aug 8, 2016 | 330 |
| -6.38% | Aug 22, 2018 | 87 | Dec 24, 2018 | 36 | Feb 15, 2019 | 123 |
| -5.07% | Dec 9, 2024 | 83 | Apr 8, 2025 | 23 | May 12, 2025 | 106 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 4.17, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | CMR.TO | ZAG.TO | ZDI.TO | XDV.TO | CDZ.TO | Portfolio | |
|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.01 | 0.00 | 0.56 | 0.49 | 0.51 | 0.54 |
| CMR.TO | 0.01 | 1.00 | 0.01 | 0.01 | -0.01 | -0.01 | 0.01 |
| ZAG.TO | 0.00 | 0.01 | 1.00 | 0.04 | -0.04 | 0.02 | 0.28 |
| ZDI.TO | 0.56 | 0.01 | 0.04 | 1.00 | 0.54 | 0.54 | 0.69 |
| XDV.TO | 0.49 | -0.01 | -0.04 | 0.54 | 1.00 | 0.87 | 0.84 |
| CDZ.TO | 0.51 | -0.01 | 0.02 | 0.54 | 0.87 | 1.00 | 0.92 |
| Portfolio | 0.54 | 0.01 | 0.28 | 0.69 | 0.84 | 0.92 | 1.00 |