CDZ.TO vs. VFV.TO
CDZ.TO (iShares S&P/TSX Canadian Dividend Aristocrats Index ETF) and VFV.TO (Vanguard S&P 500 Index ETF) are both exchange-traded funds - CDZ.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while VFV.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CDZ.TO returned 9.44%/yr vs 16.04%/yr for VFV.TO. A 0.53 correlation means they provide meaningful diversification when combined. CDZ.TO charges 0.66%/yr vs 0.09%/yr for VFV.TO.
Performance
CDZ.TO vs. VFV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CDZ.TO achieves a 13.46% return, which is significantly higher than VFV.TO's 12.30% return. Over the past 10 years, CDZ.TO has underperformed VFV.TO with an annualized return of 9.44%, while VFV.TO has yielded a comparatively higher 16.04% annualized 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%
VFV.TO
- 1D
- -0.18%
- 1M
- 7.30%
- YTD
- 12.30%
- 6M
- 10.47%
- 1Y
- 29.48%
- 3Y*
- 23.57%
- 5Y*
- 16.84%
- 10Y*
- 16.04%
CDZ.TO vs. VFV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 25.68% | -8.84% | 4.92% |
VFV.TO Vanguard S&P 500 Index ETF | 12.30% | 12.18% | 35.23% | 23.23% | -12.58% | 27.51% | 15.62% | 25.14% | 2.94% | 13.67% |
Correlation
The correlation between CDZ.TO and VFV.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012 | 0.53 |
The correlation between CDZ.TO and VFV.TO shifts across timeframes, from 0.43 (1 year) to 0.56 (10 years), reflecting how their relationship changes across market environments.
CDZ.TO vs. VFV.TO - Sectors Allocation Comparison
Sectors
CDZ.TO
VFV.TO
Energy
Financial Services
Industrials
Utilities
Real Estate
Consumer Cyclical
Communication Services
Consumer Defensive
Basic Materials
Technology
Healthcare
-
Energy
CDZ.TO
VFV.TO
Financial Services
CDZ.TO
VFV.TO
Industrials
CDZ.TO
VFV.TO
Utilities
CDZ.TO
VFV.TO
Real Estate
CDZ.TO
VFV.TO
Consumer Cyclical
CDZ.TO
VFV.TO
Communication Services
CDZ.TO
VFV.TO
Consumer Defensive
CDZ.TO
VFV.TO
Basic Materials
CDZ.TO
VFV.TO
Technology
CDZ.TO
VFV.TO
Healthcare
CDZ.TO
-
VFV.TO
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Return for Risk
CDZ.TO vs. VFV.TO — Risk / Return Rank
CDZ.TO
VFV.TO
CDZ.TO vs. VFV.TO - 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 Vanguard S&P 500 Index ETF (VFV.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.
| CDZ.TO | VFV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.48 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.46 | 3.44 | +2.02 |
| Martin ratioReturn relative to average drawdown | 18.49 | 13.10 | +5.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CDZ.TO | VFV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.72 | 2.59 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 1.14 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.97 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.14 | -0.62 |
Drawdowns
CDZ.TO vs. VFV.TO - Drawdown Comparison
The maximum CDZ.TO drawdown since its inception was -49.33%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for CDZ.TO and VFV.TO.
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Drawdown Indicators
| CDZ.TO | VFV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.33% | -27.43% | -21.90% |
Max Drawdown (1Y)Largest decline over 1 year | -4.11% | -8.62% | +4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -19.05% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.15% | -22.19% | +5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -45.70% | -27.43% | -18.27% |
Current DrawdownCurrent decline from peak | -0.09% | -0.18% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -3.35% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.21% | 2.26% | -1.05% |
Volatility
CDZ.TO vs. VFV.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO) is 1.88%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 3.05%. This indicates that CDZ.TO experiences smaller price fluctuations and is considered to be less risky than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDZ.TO | VFV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 3.05% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.91% | 8.55% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.26% | 11.46% | -3.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.86% | 14.91% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 16.57% | -1.94% |
CDZ.TO vs. VFV.TO - Expense Ratio Comparison
CDZ.TO has a 0.66% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.
Dividends
CDZ.TO vs. VFV.TO - Dividend Comparison
CDZ.TO's dividend yield for the trailing twelve months is around 3.07%, more than VFV.TO's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VFV.TO Vanguard S&P 500 Index ETF | 0.83% | 0.92% | 0.99% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% |
Frequently Asked Questions
CDZ.TO and VFV.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.66% for CDZ.TO.
CDZ.TO is categorized as Canada Equities, while VFV.TO is S&P 500. CDZ.TO tracks Morningstar Canada GR CAD, while VFV.TO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.66% for CDZ.TO and 0.09% for VFV.TO.
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