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CAD Dividend Growth
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Diversification

CAD Dividend Growth

Currency in USD · Last updated Jun 13, 2026

Asset Allocation

RY.TO 12.00%NA.TO 10.00%X.TO 9.00%BIP-UN.TO 8.00%BN.TO 8.00%ENB.TO 8.00%CNQ.TO 8.00%DOL.TO 8.00%WCN.TO 8.00%CSU.TO 8.00%FTS.TO 7.00%GWO.TO 6.00%EquityEquity
PositionCategory/SectorTarget Weight
RY.TO
Royal Bank of Canada		Financial Services
12%
NA.TO
National Bank of Canada		Financial Services
10%
X.TO
TMX Group Limited		Financial Services
9%
BIP-UN.TO
Brookfield Infrastructure Partners L.P		Utilities
8%
BN.TO
Brookfield Corporation		Financial Services
8%
ENB.TO
Enbridge Inc.		Energy
8%
CNQ.TO
Canadian Natural Resources Limited		Energy
8%
DOL.TO
Dollarama Inc.		Consumer Defensive
8%
WCN.TO
Waste Connections, Inc.		Industrials
8%
CSU.TO
Constellation Software Inc.		Technology
8%
FTS.TO
Fortis Inc.		Utilities
7%
GWO.TO
Great-West Lifeco Inc.		Financial Services
6%

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in CAD Dividend Growth, 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

As of Jun 13, 2026, the CAD Dividend Growth returned 10.02% Year-To-Date and 22.46% of annualized return in the last 10 years.

Position1D1MYTD6M1Y3Y*5Y*10Y*
Benchmark
S&P 500 Index
0.50%0.31%8.56%8.85%24.33%19.37%11.84%13.61%
Portfolio
CAD Dividend Growth
-0.43%2.52%10.02%12.00%24.54%24.77%19.47%22.46%
Portfolio components:
BIP-UN.TO
Brookfield Infrastructure Partners L.P		-0.26%1.00%12.65%13.03%22.02%6.68%14.99%29.00%
BN.TO
Brookfield Corporation		0.44%-0.97%-1.53%-0.58%77.12%47.50%27.28%29.75%
CNQ.TO
Canadian Natural Resources Limited		-0.37%-4.77%34.88%38.81%39.22%25.15%30.05%22.38%
CSU.TO
Constellation Software Inc.		-4.56%13.22%-13.14%-12.17%-41.00%0.71%7.49%18.61%
DOL.TO
Dollarama Inc.		-2.64%8.36%-8.66%-6.80%-3.87%29.58%24.64%19.58%
ENB.TO
Enbridge Inc.		-0.06%1.78%20.96%22.09%28.04%22.35%14.28%9.65%
FTS.TO
Fortis Inc.		0.80%1.71%11.17%13.74%22.48%14.57%8.11%9.86%
GWO.TO
Great-West Lifeco Inc.		0.39%6.71%23.04%25.42%64.92%33.82%20.36%13.88%
NA.TO
National Bank of Canada		0.43%0.71%19.97%21.53%55.42%31.81%19.02%20.45%
RY.TO
Royal Bank of Canada		0.18%8.38%18.47%22.15%61.13%33.54%18.10%17.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Oct 16, 2009, CAD Dividend Growth's average daily return is +0.08%, while the average monthly return is +1.76%. At this rate, an investment would double in approximately 3.3 years.

Historically, 71% of months were positive and 29% were negative. The best month was Nov 2020 with a return of +17.3%, while the worst month was Mar 2020 at -18.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, CAD Dividend Growth closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +11.3%, while the worst single day was Mar 12, 2020 at -11.2%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-2.23%4.44%-2.48%6.61%1.65%1.94%10.02%
20251.73%1.76%0.46%4.79%3.85%2.97%-0.31%2.12%-0.18%3.72%3.96%2.70%31.13%
20240.93%1.22%3.64%-2.04%5.33%-1.67%6.67%6.46%1.87%-1.24%5.61%-6.36%21.36%
20237.76%-1.79%0.62%3.33%-2.54%5.50%1.16%-3.76%-1.48%-5.43%9.74%8.90%22.65%
20222.39%0.38%5.97%-4.91%3.02%-4.44%5.21%-1.54%-8.01%4.37%6.04%-4.03%3.20%
2021-2.13%6.07%8.31%5.36%3.76%0.86%1.70%2.25%-1.99%6.95%-3.57%5.34%37.24%

Benchmark Metrics

CAD Dividend Growth has an annualized alpha of 14.79%, beta of 0.60, and R2 of 0.41 versus S&P 500 Index. Calculated based on daily prices since October 16, 2009.

  • This portfolio captured 109.68% of S&P 500 Index gains but only 58.63% of its losses - a favorable profile for investors.
  • Beta of 0.60 may look defensive, but with R2 of 0.41 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 0.41 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
14.79%
Beta
0.60
R²
0.41
Upside Capture
109.68%
Downside Capture
58.63%
See how alpha, beta & R² have trended over time →

Expense Ratio

CAD Dividend Growth has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

CAD Dividend Growth 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.

CAD Dividend Growth Risk / Return Rank: 8282
Overall Rank
CAD Dividend Growth Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
CAD Dividend Growth Sortino Ratio Rank: 8686
Sortino Ratio Rank
CAD Dividend Growth Omega Ratio Rank: 7676
Omega Ratio Rank
CAD Dividend Growth Calmar Ratio Rank: 8989
Calmar Ratio Rank
CAD Dividend Growth Martin Ratio Rank: 8282
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 CAD Dividend Growth 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

2.38

1.86

+0.52

Sortino ratioReturn per unit of downside risk

3.58

2.53

+1.05

Omega ratioGain probability vs. loss probability

1.43

1.34

+0.09

Calmar ratioReturn relative to maximum drawdown

5.03

2.53

+2.50

Martin ratioReturn relative to average drawdown

16.33

11.37

+4.96

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
BIP-UN.TO
Brookfield Infrastructure Partners L.P
70
1.071.601.191.633.55
BN.TO
Brookfield Corporation
88
1.453.431.433.339.59
CNQ.TO
Canadian Natural Resources Limited
80
1.511.981.263.096.86
CSU.TO
Constellation Software Inc.
10
-1.01-1.460.83-0.76-1.14
DOL.TO
Dollarama Inc.
34
-0.15-0.050.99-0.18-0.39
ENB.TO
Enbridge Inc.
84
1.732.441.303.187.85
FTS.TO
Fortis Inc.
85
1.752.451.313.909.53
GWO.TO
Great-West Lifeco Inc.
97
3.904.791.675.7621.64
NA.TO
National Bank of Canada
96
3.394.551.615.8519.65
RY.TO
Royal Bank of Canada
97
4.166.031.746.1822.81

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 CAD Dividend Growth Sharpe ratio is 2.38 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 falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

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

Loading charts...

Dividends

Dividend yield

CAD Dividend Growth provided a 2.19% dividend yield over the last twelve months.

PositionTTM20252024202320222021202020192018201720162015
Portfolio2.19%2.59%2.93%3.94%4.73%5.04%4.75%4.38%5.16%4.29%4.03%5.75%
Portfolio components:
BIP-UN.TO
Brookfield Infrastructure Partners L.P		4.55%5.04%4.85%5.00%4.23%3.97%5.61%5.62%6.65%5.64%5.16%10.13%
BN.TO
Brookfield Corporation		0.41%0.53%0.80%1.48%2.09%1.58%2.27%3.15%4.14%4.51%4.35%4.36%
CNQ.TO
Canadian Natural Resources Limited		2.84%5.05%6.00%8.53%12.23%7.63%11.35%7.29%8.31%5.00%4.49%6.22%
CSU.TO
Constellation Software Inc.		0.19%0.17%0.12%0.16%0.24%0.17%0.32%1.85%0.50%0.57%0.71%0.81%
DOL.TO
Dollarama Inc.		0.23%0.20%0.25%0.28%0.27%0.31%0.34%0.39%0.95%0.82%1.19%1.31%
ENB.TO
Enbridge Inc.		4.84%5.74%6.00%7.44%6.50%6.76%7.96%5.72%6.33%4.91%3.75%4.04%
FTS.TO
Fortis Inc.		3.18%3.48%3.99%4.19%4.01%3.36%3.73%3.39%3.79%3.52%3.68%3.73%
GWO.TO
Great-West Lifeco Inc.		3.07%3.60%4.66%4.74%6.26%4.75%5.77%4.97%5.52%4.18%3.94%3.78%
NA.TO
National Bank of Canada		2.31%2.75%3.36%4.03%4.03%3.11%3.96%3.77%4.44%3.70%4.03%5.16%
RY.TO
Royal Bank of Canada		2.28%2.58%3.23%3.99%3.90%3.22%4.10%3.96%4.03%3.39%3.57%4.15%

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 CAD Dividend Growth. 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 CAD Dividend Growth was 41.17%, occurring on Mar 23, 2020. Recovery took 105 trading sessions.

The current CAD Dividend Growth drawdown is 0.53%.

Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-41.17%Mar 2020
1mo 8d5mo 1d
6mo 9dFeb 2020 - Aug 2020
2016 bear market2016
-27.70%Jan 2016
8mo 4d2mo 26d
11moMay 2015 - Apr 2016
Rate-hike selloffLate 2018
-19.68%Dec 2018
3mo 25d3mo 8d
7mo 3dAug 2018 - Apr 2019
2011 correction2011
-16.58%Oct 2011
2mo 11d3mo 17d
5mo 28dJul 2011 - Jan 2012
Bear market2022
-15.40%Oct 2022
1mo 25d3mo 13d
5mo 8dAug 2022 - Jan 2023

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 12 assets, with an effective number of assets of 11.66, 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
10Y
All Time
Diversification Ratio

2.24

1.76

1.72

1.58

1.60

The portfolio has a diversification ratio of 1.60, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

CAD Dividend Growth correlation to the S&P 500 Index

CAD Dividend Growth has a 0.32 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

0.32

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

0.50

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

0.55

Correlation (10Y)
Calculated over the trailing 10-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Oct 16, 2009

0.53

Benchmark Correlations

Correlation vs. S&P 500 Index. BN.TO has the highest benchmark correlation at 0.57, while FTS.TO has the lowest at 0.21.

FTS.TO
0.21
DOL.TO
0.25
X.TO
0.26
WCN.TO
0.26
BIP-UN.TO
0.29
ENB.TO
0.32
CSU.TO
0.32
GWO.TO
0.36
CNQ.TO
0.40
NA.TO
0.41
RY.TO
0.48
BN.TO
0.57

Portfolio Correlations

Correlation vs. CAD Dividend Growth. RY.TO has the highest portfolio correlation at 0.77, while WCN.TO has the lowest at 0.54.

WCN.TO
0.54
CSU.TO
0.54
DOL.TO
0.54
X.TO
0.56
CNQ.TO
0.57
BIP-UN.TO
0.58
FTS.TO
0.58
GWO.TO
0.63
ENB.TO
0.65
BN.TO
0.70
NA.TO
0.73
RY.TO
0.77

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
CSU.TODOL.TOCNQ.TOWCN.TOX.TOBIP-UN.TOFTS.TOENB.TOGWO.TOBN.TONA.TORY.TO
CSU.TO1.000.320.190.290.280.250.250.240.270.370.320.34
DOL.TO0.321.000.170.320.280.280.340.280.310.330.340.36
CNQ.TO0.190.171.000.170.240.240.210.460.350.340.390.43
WCN.TO0.290.320.171.000.280.290.390.300.310.350.330.35
X.TO0.280.280.240.281.000.280.310.310.330.330.360.36
BIP-UN.TO0.250.280.240.290.281.000.370.370.320.440.390.40
FTS.TO0.250.340.210.390.310.371.000.460.400.380.420.43
ENB.TO0.240.280.460.300.310.370.461.000.390.420.460.49
GWO.TO0.270.310.350.310.330.320.400.391.000.430.550.58
BN.TO0.370.330.340.350.330.440.380.420.431.000.500.56
NA.TO0.320.340.390.330.360.390.420.460.550.501.000.71
RY.TO0.340.360.430.350.360.400.430.490.580.560.711.00
The correlation results are calculated based on daily price changes starting from Oct 16, 2009
Diversification Analysis

Find what CAD Dividend Growth is missing

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

Analyze Diversification