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CDZ.TO vs. PHR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CDZ.TO vs. PHR

Last updated Jun 4, 2026

CDZ.TO (iShares S&P/TSX Canadian Dividend Aristocrats Index ETF) is Canada Equities fund tracking the Morningstar Canada GR CAD, while PHR (Phreesia, Inc.) is a stock. Over the past 5 years, CDZ.TO returned 10.31%/yr vs -27.01%/yr for PHR. At a 0.29 correlation, their price movements are largely independent.

Performance

CDZ.TO vs. PHR - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO) and Phreesia, Inc. (PHR). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CDZ.TO is traded in CAD, while PHR is traded in USD. To make them comparable, the PHR values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CDZ.TO achieves a 13.46% return, which is significantly higher than PHR's -42.24% return.

CDZ.TO

1D
0.00%
1M
3.31%
YTD
13.46%
6M
10.74%
1Y
22.32%
3Y*
16.81%
5Y*
10.31%
10Y*
9.44%

PHR

1D
-6.47%
1M
1.79%
YTD
-42.24%
6M
-52.83%
1Y
-62.08%
3Y*
-32.61%
5Y*
-27.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CDZ.TO vs. PHR - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
CDZ.TO
iShares S&P/TSX Canadian Dividend Aristocrats Index ETF		13.46%13.45%17.86%8.98%-4.43%22.80%-3.27%8.19%
PHR
Phreesia, Inc.		-42.24%-35.83%18.02%-30.04%-16.79%-23.92%100.24%5.80%

Correlation

The correlation between CDZ.TO and PHR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.16

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

0.30

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

0.30

Correlation (All Time)
Calculated using the full available price history since Jul 19, 2019

0.29

The correlation between CDZ.TO and PHR shifts across timeframes, from 0.16 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.

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iShares S&P/TSX Canadian Dividend Aristocrats Index ETF

Phreesia, Inc.

Often compared with CDZ.TO:
CDZ.TO vs. VDY.TOCDZ.TO vs. XDIV.TOCDZ.TO vs. XEI.TOCDZ.TO vs. XDV.TOCDZ.TO vs. XEQT.TOCDZ.TO vs. CUD.TOCDZ.TO vs. VEQT.TO
Often compared with PHR:
PHR vs. FXAIXPHR vs. VTHRPHR vs. XMEPHR vs. VREPHR vs. NVDA

Return for Risk

CDZ.TO vs. PHR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CDZ.TO
CDZ.TO Risk / Return Rank: 8484
Overall Rank
CDZ.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
CDZ.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
CDZ.TO Omega Ratio Rank: 8888
Omega Ratio Rank
CDZ.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
CDZ.TO Martin Ratio Rank: 8686
Martin Ratio Rank
PHR
PHR Risk / Return Rank: 66
Overall Rank
PHR Sharpe Ratio Rank: 33
Sharpe Ratio Rank
PHR Sortino Ratio Rank: 44
Sortino Ratio Rank
PHR Omega Ratio Rank: 33
Omega Ratio Rank
PHR Calmar Ratio Rank: 99
Calmar Ratio Rank
PHR Martin Ratio Rank: 1010
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.

CDZ.TO vs. PHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO) and Phreesia, Inc. (PHR). 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.

CDZ.TOPHRDifference
Sharpe ratioReturn per unit of total volatility
2.72
-1.09

+3.81

Sortino ratioReturn per unit of downside risk
3.53
-1.63

+5.16

Omega ratioGain probability vs. loss probability

1.56

0.76

+0.81

Calmar ratioReturn relative to maximum drawdown

5.46

-0.83

+6.29

Martin ratioReturn relative to average drawdown

18.49

-1.34

+19.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDZ.TO vs. PHR - Sharpe Ratio Comparison

The current CDZ.TO Sharpe Ratio is 2.72, which is higher than the PHR Sharpe Ratio of -1.09. The chart below compares the historical Sharpe Ratios of CDZ.TO and PHR, 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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Sharpe Ratios by Period

CDZ.TOPHRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.72

-1.09

+3.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

-0.46

+1.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

-0.21

+0.73

Drawdowns

CDZ.TO vs. PHR - Drawdown Comparison

The maximum CDZ.TO drawdown since its inception was -49.33%, smaller than the maximum PHR drawdown of -89.10%. Use the drawdown chart below to compare losses from any high point for CDZ.TO and PHR.

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Drawdown Indicators

CDZ.TOPHRDifference

Max Drawdown

Largest peak-to-trough decline

-49.33%

-89.10%

+39.77%

Max Drawdown (1Y)

Largest decline over 1 year

-4.11%

-75.08%

+70.97%

Max Drawdown (3Y)

Largest decline over 3 years

-12.99%

-75.53%

+62.54%

Max Drawdown (5Y)

Largest decline over 5 years

-17.15%

-88.03%

+70.88%

Max Drawdown (10Y)

Largest decline over 10 years

-45.70%

—

—

Current Drawdown

Current decline from peak

-0.09%

-86.89%

+86.80%

Average Drawdown

Average peak-to-trough decline

-6.14%

-49.47%

+43.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.21%

46.44%

-45.23%

Volatility

CDZ.TO vs. PHR - Volatility Comparison

The current volatility for iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO) is 1.88%, while Phreesia, Inc. (PHR) has a volatility of 17.04%. This indicates that CDZ.TO experiences smaller price fluctuations and is considered to be less risky than PHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CDZ.TOPHRDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.88%

17.04%

-15.16%

Volatility (6M)

Calculated over the trailing 6-month period

6.91%

52.90%

-45.99%

Volatility (1Y)

Calculated over the trailing 1-year period

8.26%

57.06%

-48.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.86%

59.66%

-48.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.63%

58.57%

-43.94%

Dividends

CDZ.TO vs. PHR - Dividend Comparison

CDZ.TO's dividend yield for the trailing twelve months is around 3.07%, while PHR has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CDZ.TO
iShares S&P/TSX Canadian Dividend Aristocrats Index ETF		3.07%3.46%3.56%3.71%3.67%2.95%3.70%3.68%4.37%3.43%3.51%3.72%
PHR
Phreesia, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CDZ.TO and PHR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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