^GSPTXDV vs. V

Last updated Jun 5, 2026

^GSPTXDV (S&P/TSX Dividend Aristocrats) is an index, while V (Visa Inc.) is a stock. Over the past 10 years, ^GSPTXDV returned 6.28%/yr vs 15.61%/yr for V. At a 0.44 correlation, their price movements are largely independent.

Performance

^GSPTXDV vs. V - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P/TSX Dividend Aristocrats (^GSPTXDV) and Visa Inc. (V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^GSPTXDV achieves a 13.12% return, which is significantly higher than V's -8.33% return. Over the past 10 years, ^GSPTXDV has underperformed V with an annualized return of 6.28%, while V has yielded a comparatively higher 15.61% annualized return.

^GSPTXDV

• 1D: 0.74%
• 1M: 3.51%
• YTD: 13.12%
• 6M: 14.20%
• 1Y: 24.71%
• 3Y*: 15.24%
• 5Y*: 8.25%
• 10Y*: 6.28%

V

• 1D: 2.49%
• 1M: -0.37%
• YTD: -8.33%
• 6M: -1.71%
• 1Y: -12.31%
• 3Y*: 13.04%
• 5Y*: 7.63%
• 10Y*: 15.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

^GSPTXDV vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^GSPTXDV S&P/TSX Dividend Aristocrats	13.12%	14.03%	15.52%	5.07%	-7.83%	20.93%	-6.87%	20.90%	-12.66%	1.27%
V Visa Inc.	-8.33%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%

Correlation

The correlation between ^GSPTXDV and V is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since May 16, 2008	0.44

The correlation between ^GSPTXDV and V shifts across timeframes, from 0.27 (1 year) to 0.45 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

^GSPTXDV vs. V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^GSPTXDV

^GSPTXDV Risk / Return Rank: 97
^GSPTXDV Sharpe Ratio Rank: 97
^GSPTXDV Sortino Ratio Rank: 98
^GSPTXDV Omega Ratio Rank: 97
^GSPTXDV Calmar Ratio Rank: 96
^GSPTXDV Martin Ratio Rank: 98

V

V Risk / Return Rank: 18
V Sharpe Ratio Rank: 17
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 20
V Martin Ratio Rank: 18

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.

^GSPTXDV vs. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P/TSX Dividend Aristocrats (^GSPTXDV) and Visa Inc. (V). 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.

	^GSPTXDV	V	Difference
Sharpe ratio: Return per unit of total volatility	3.49	-0.56	+4.05
Sortino ratio: Return per unit of downside risk	5.16	-0.67	+5.83
Omega ratio: Gain probability vs. loss probability	1.68	0.92	+0.76
Calmar ratio: Return relative to maximum drawdown	5.65	-0.61	+6.26
Martin ratio: Return relative to average drawdown	21.97	-1.12	+23.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^GSPTXDV vs. V - Sharpe Ratio Comparison

The current ^GSPTXDV Sharpe Ratio is 3.49, which is higher than the V Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of ^GSPTXDV and V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^GSPTXDV	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.49	-0.56	+4.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.34	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.64	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.69	-0.36

Drawdowns

^GSPTXDV vs. V - Drawdown Comparison

The maximum ^GSPTXDV drawdown since its inception was -46.09%, smaller than the maximum V drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for ^GSPTXDV and V.

Drawdown Indicators

	^GSPTXDV	V	Difference
Max Drawdown Largest peak-to-trough decline	-46.09%	-51.90%	+5.81%
Max Drawdown (1Y) Largest decline over 1 year	-4.39%	-20.38%	+15.99%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-20.38%	+7.54%
Max Drawdown (5Y) Largest decline over 5 years	-20.09%	-28.60%	+8.51%
Max Drawdown (10Y) Largest decline over 10 years	-46.09%	-36.36%	-9.73%
Current Drawdown Current decline from peak	0.00%	-13.55%	+13.55%
Average Drawdown Average peak-to-trough decline	-7.07%	-8.26%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.13%	10.97%	-9.84%

Volatility

^GSPTXDV vs. V - Volatility Comparison

The current volatility for S&P/TSX Dividend Aristocrats (^GSPTXDV) is 1.91%, while Visa Inc. (V) has a volatility of 5.65%. This indicates that ^GSPTXDV experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^GSPTXDV	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	5.65%	-3.74%
Volatility (6M) Calculated over the trailing 6-month period	5.48%	17.44%	-11.96%
Volatility (1Y) Calculated over the trailing 1-year period	7.12%	22.25%	-15.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.66%	22.79%	-12.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	24.46%	-9.86%

Frequently Asked Questions

Can I hold both ^GSPTXDV and V in my portfolio?

^GSPTXDV and V have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^GSPTXDV or V?

V has higher volatility (5.65%) compared to ^GSPTXDV (1.91%). In terms of maximum drawdown, ^GSPTXDV dropped -46.09% vs V's -51.90%.

Which has better risk-adjusted returns?

^GSPTXDV currently has the higher Sharpe Ratio (3.49 vs -0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.