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BDI.TO vs. XDV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BDI.TO vs. XDV.TO

Last updated Jul 22, 2026
Documentation

BDI.TO (Black Diamond Group Limited) is a stock, while XDV.TO (iShares Canadian Select Dividend Index ETF) is Canada Equities fund tracking the Dow Jones Canada Select Dividend Index. Over the past 10 years, BDI.TO returned 17.00%/yr vs 11.98%/yr for XDV.TO. At a 0.30 correlation, their price movements are largely independent.

Performance

BDI.TO vs. XDV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Black Diamond Group Limited (BDI.TO) and iShares Canadian Select Dividend Index ETF (XDV.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BDI.TO achieves a 37.49% return, which is significantly higher than XDV.TO's 24.65% return. Over the past 10 years, BDI.TO has outperformed XDV.TO with an annualized return of 17.00%, while XDV.TO has yielded a comparatively lower 11.98% annualized return.

BDI.TO

1D
0.15%
1M
7.19%
6M
23.51%
YTD
37.49%
1Y
68.07%
3Y*
51.12%
5Y*
39.39%
10Y*
17.00%
ALL TIME*
14.27%

XDV.TO

1D
0.50%
1M
3.13%
6M
23.19%
YTD
24.65%
1Y
40.46%
3Y*
23.45%
5Y*
14.14%
10Y*
11.98%
ALL TIME*
8.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BDI.TO vs. XDV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BDI.TO
Black Diamond Group Limited		37.49%58.01%16.69%71.38%10.69%63.73%26.51%2.87%-12.55%-44.51%
XDV.TO
iShares Canadian Select Dividend Index ETF		24.65%24.97%21.28%8.00%-8.57%29.33%-0.38%21.30%-12.48%11.06%

Correlation

The correlation between BDI.TO and XDV.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

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

0.29

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

0.33

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

0.28

Correlation (All Time)
Calculated using the full available price history since Sep 26, 2006

0.30

Compare stocks, funds, or ETFs

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Black Diamond Group Limited

iShares Canadian Select Dividend Index ETF

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BDI.TO vs. SCR.TOBDI.TO vs. AGF-B.TOBDI.TO vs. OVCHYBDI.TO vs. QBE.AXBDI.TO vs. SIS.TOBDI.TO vs. DXT.TOBDI.TO vs. TVE.TO
Often compared with XDV.TO:
XDV.TO vs. XDIV.TOXDV.TO vs. VDY.TOXDV.TO vs. XEI.TOXDV.TO vs. CDZ.TOXDV.TO vs. ZDV.TOXDV.TO vs. XIU.TOXDV.TO vs. ZSP.TO

Return for Risk

BDI.TO vs. XDV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BDI.TO
BDI.TO Risk / Return Rank: 9393
Overall Rank
BDI.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
BDI.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
BDI.TO Omega Ratio Rank: 9191
Omega Ratio Rank
BDI.TO Calmar Ratio Rank: 9292
Calmar Ratio Rank
BDI.TO Martin Ratio Rank: 9393
Martin Ratio Rank
XDV.TO
XDV.TO Risk / Return Rank: 9898
Overall Rank
XDV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDV.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
XDV.TO Martin Ratio Rank: 9797
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.

BDI.TO vs. XDV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Black Diamond Group Limited (BDI.TO) and iShares Canadian Select Dividend Index ETF (XDV.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.

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.

BDI.TOXDV.TODifference
Sharpe ratioReturn per unit of total volatility
2.39
4.57

-2.18

Sortino ratioReturn per unit of downside risk
3.38
6.00

-2.62

Omega ratioGain probability vs. loss probability

1.39

1.93

-0.54

Calmar ratioReturn relative to maximum drawdown

4.16

8.49

-4.32

Martin ratioReturn relative to average drawdown

11.89

34.01

-22.12

BDI.TO vs. XDV.TO - Sharpe Ratio Comparison

The current BDI.TO Sharpe Ratio is 2.39, which is lower than the XDV.TO Sharpe Ratio of 4.57. The chart below compares the historical Sharpe Ratios of BDI.TO and XDV.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BDI.TO vs. XDV.TO - Drawdown Comparison

The maximum BDI.TO drawdown since its inception was -96.61%, which is greater than XDV.TO's maximum drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for BDI.TO and XDV.TO.

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Drawdown Indicators

BDI.TOXDV.TODifference

Max Drawdown

Largest peak-to-trough decline

-96.61%

-50.11%

-46.50%

Max Drawdown (1Y)

Largest decline over 1 year

-16.44%

-4.79%

-11.65%

Max Drawdown (3Y)

Largest decline over 3 years

-23.39%

-12.99%

-10.40%

Max Drawdown (5Y)

Largest decline over 5 years

-37.07%

-20.52%

-16.55%

Max Drawdown (10Y)

Largest decline over 10 years

-82.04%

-39.08%

-42.96%

Current Drawdown

Current decline from peak

-24.36%

-0.82%

-23.54%

Average Drawdown

Average peak-to-trough decline

-49.90%

-7.15%

-42.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.75%

1.19%

+4.56%

Volatility

BDI.TO vs. XDV.TO - Volatility Comparison

Black Diamond Group Limited (BDI.TO) has a higher volatility of 8.53% compared to iShares Canadian Select Dividend Index ETF (XDV.TO) at 2.58%. This indicates that BDI.TO's price experiences larger fluctuations and is considered to be riskier than XDV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BDI.TOXDV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.53%

2.58%

+5.95%

Volatility (6M)

Calculated over the trailing 6-month period

20.45%

6.82%

+13.63%

Volatility (1Y)

Calculated over the trailing 1-year period

28.64%

8.89%

+19.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.26%

10.85%

+22.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

45.26%

14.65%

+30.61%

Dividends

BDI.TO vs. XDV.TO - Dividend Comparison

BDI.TO's dividend yield for the trailing twelve months is around 0.85%, less than XDV.TO's 3.37% yield.

PositionTTM20252024202320222021202020192018201720162015
BDI.TO
Black Diamond Group Limited		0.85%1.02%1.33%1.10%1.35%0.56%0.00%0.00%0.00%7.32%7.74%12.40%
XDV.TO
iShares Canadian Select Dividend Index ETF		3.37%3.57%4.34%4.62%4.49%3.87%4.78%4.21%4.92%3.65%3.91%4.75%

Frequently Asked Questions

BDI.TO and XDV.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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