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RRIF
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Diversification

RRIF

Currency in CAD · Last updated Jun 13, 2026

Asset Allocation

XDIV.TO 33.33%VFV.TO 33.33%XAW.TO 33.33%EquityEquity
PositionCategory/SectorTarget Weight
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		Dividend, Large Cap Value Equities
33.33%
VFV.TO
Vanguard S&P 500 Index ETF		S&P 500
33.33%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		Global Equities
33.33%

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in RRIF, 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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Returns By Period

Position1D1MYTD6M1Y3Y*5Y*10Y*
Benchmark
S&P 500 Index
0.69%2.13%10.76%10.40%27.77%21.16%15.12%14.58%
Portfolio
RRIF
0.63%3.30%15.48%15.03%33.70%22.83%15.90%—
Portfolio components:
VFV.TO
Vanguard S&P 500 Index ETF		0.74%1.03%11.07%10.94%29.19%22.63%16.33%16.12%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		0.59%1.95%13.18%13.54%30.93%21.11%13.62%13.57%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		0.57%4.75%21.85%20.22%40.47%24.13%17.21%—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 13, 2017, RRIF's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +9.5%, while the worst month was Mar 2020 at -12.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, RRIF closed higher 57% of trading days. The best single day was Mar 24, 2020 with a return of +9.9%, while the worst single day was Mar 12, 2020 at -10.8%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.42%1.83%-1.62%7.22%4.82%1.13%15.48%
20253.31%-0.29%-2.88%-3.51%4.63%3.64%2.61%1.92%4.70%2.36%1.48%-1.14%17.71%
20241.83%4.30%3.04%-1.43%3.40%1.46%3.53%0.98%2.71%0.94%5.84%-2.00%27.23%
20235.21%-0.13%0.91%2.81%-1.57%3.19%2.71%-0.65%-3.46%-1.15%6.67%2.44%17.82%
2022-1.60%-1.79%2.11%-5.33%-0.60%-6.31%5.57%-1.37%-4.84%5.02%5.28%-3.36%-7.88%
20210.71%3.01%4.04%2.44%0.51%3.15%1.68%2.92%-2.59%3.67%0.26%4.07%26.40%

Benchmark Metrics

RRIF has an annualized alpha of 4.09%, beta of 0.65, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since June 13, 2017.

  • This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (80.74%) than losses (74.22%) - typical of diversified or defensive assets.
  • This portfolio generated an annualized alpha of 4.09% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
  • Beta of 0.65 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
Alpha
4.09%
Beta
0.65
R²
0.74
Upside Capture
80.74%
Downside Capture
74.22%
See how alpha, beta & R² have trended over time →

Expense Ratio

RRIF has an expense ratio of 0.14%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF
VFV.TO
Vanguard S&P 500 Index ETF

Return for Risk

Risk / Return Rank

RRIF ranks 96 for risk / return — in the top 96% 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.

RRIF Risk / Return Rank: 9696
Overall Rank
RRIF Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
RRIF Sortino Ratio Rank: 9797
Sortino Ratio Rank
RRIF Omega Ratio Rank: 9797
Omega Ratio Rank
RRIF Calmar Ratio Rank: 9595
Calmar Ratio Rank
RRIF Martin Ratio Rank: 9696
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.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for RRIF and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PortfolioBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

3.47

2.02

+1.45

Sortino ratioReturn per unit of downside risk

4.74

2.78

+1.96

Omega ratioGain probability vs. loss probability

1.66

1.35

+0.31

Calmar ratioReturn relative to maximum drawdown

7.05

2.81

+4.24

Martin ratioReturn relative to average drawdown

28.59

10.45

+18.14

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

PositionRisk / Return RankSharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
VFV.TO
Vanguard S&P 500 Index ETF
77
2.333.141.433.2112.10
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF
80
2.283.131.433.5814.26
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF
98
5.147.592.0717.5559.35

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk. Learn how to interpret the Sharpe ratio.

The current RRIF Sharpe ratio is 3.47 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.53 to 2.41, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of RRIF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

RRIF provided a 1.76% dividend yield over the last twelve months.

PositionTTM20252024202320222021202020192018201720162015
Portfolio1.76%2.05%2.37%2.44%2.42%2.20%2.56%2.60%3.03%1.79%1.15%1.15%
Portfolio components:
VFV.TO
Vanguard S&P 500 Index ETF		0.84%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%
XAW.TO
iShares Core MSCI All Country World ex Canada Index ETF		1.17%1.33%1.61%1.71%1.79%1.77%1.49%2.02%2.28%1.94%1.79%1.81%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.25%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%0.00%0.00%

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 RRIF. 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 RRIF was 31.91%, occurring on Mar 23, 2020. Recovery took 170 trading sessions.

The current RRIF drawdown is 0.37%.

Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-31.91%Mar 2020
1mo 9d8mo 6d
9mo 15dFeb 2020 - Nov 2020
Bear market2022
-16.15%Jun 2022
5mo 18d12mo 3d
1y 5moDec 2021 - Jun 2023
2025 selloff2025
-14.13%Apr 2025
2mo 7d2mo 17d
4mo 24dJan 2025 - Jun 2025
Rate-hike selloffLate 2018
-13.89%Dec 2018
2mo 27d2mo 20d
5mo 17dSep 2018 - Mar 2019
2018 pullback2018
-7.58%Feb 2018
15d1mo 6d
1mo 21dJan 2018 - Mar 2018

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 3 assets, with an effective number of assets of 3.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio
1Y
3Y
5Y
All Time
Diversification Ratio

1.15

1.12

1.11

1.10

The portfolio has a diversification ratio of 1.10, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

RRIF correlation to the S&P 500 Index

RRIF has a 0.80 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.
Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.80

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2017

0.77

Benchmark Correlations

Correlation vs. S&P 500 Index. VFV.TO has the highest benchmark correlation at 0.78, while XDIV.TO has the lowest at 0.49.

XDIV.TO
0.49
XAW.TO
0.78
VFV.TO
0.78

Portfolio Correlations

Correlation vs. RRIF. XAW.TO has the highest portfolio correlation at 0.95, while XDIV.TO has the lowest at 0.74.

XDIV.TO
0.74
VFV.TO
0.92
XAW.TO
0.95

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
XDIV.TOVFV.TOXAW.TO
XDIV.TO1.000.500.56
VFV.TO0.501.000.94
XAW.TO0.560.941.00
The correlation results are calculated based on daily price changes starting from Jun 13, 2017
Diversification Analysis

Find what RRIF is missing

See which holdings overlap, where RRIF is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification