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CEW.TO vs. VIDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CEW.TO vs. VIDY.TO

Last updated Jul 25, 2026
Documentation

CEW.TO (iShares Equal Weight Banc & Lifeco ETF) and VIDY.TO (Vanguard FTSE Developed ex North America High Dividend Yield Index ETF) are both exchange-traded funds - CEW.TO is a Financials Equities fund tracking the Morningstar Gbl Fin Svc GR CAD, while VIDY.TO is a Foreign Large Cap Equities fund tracking the FTSE Developed ex North America High Dividend Yield Index. Both are passively managed. Over the past 5 years, CEW.TO returned 21.20%/yr vs 16.44%/yr for VIDY.TO. A 0.59 correlation means they provide meaningful diversification when combined. CEW.TO charges 0.61%/yr vs 0.31%/yr for VIDY.TO.

Performance

CEW.TO vs. VIDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.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, CEW.TO achieves a 31.42% return, which is significantly higher than VIDY.TO's 17.58% return.

CEW.TO

1D
0.73%
1M
3.62%
6M
31.46%
YTD
31.42%
1Y
57.36%
3Y*
33.84%
5Y*
21.20%
10Y*
16.56%
ALL TIME*
12.01%

VIDY.TO

1D
0.98%
1M
3.97%
6M
13.54%
YTD
17.58%
1Y
31.61%
3Y*
23.05%
5Y*
16.44%
10Y*
—
ALL TIME*
11.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CEW.TO

iShares Equal Weight Banc & Lifeco ETF
CA$3.72MCA$2.72MCA$1.77M

VIDY.TO

Vanguard FTSE Developed ex North America High Dividend Yield Index ETF
CA$1.96MCA$2.16MCA$2.22M

CEW.TO vs. VIDY.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
CEW.TO
iShares Equal Weight Banc & Lifeco ETF		31.42%32.70%29.62%17.18%-6.76%29.51%-0.38%25.64%-13.77%
VIDY.TO
Vanguard FTSE Developed ex North America High Dividend Yield Index ETF		17.58%35.07%11.97%15.46%1.57%14.26%-2.63%12.64%-6.56%

Correlation

The correlation between CEW.TO and VIDY.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.54

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

0.58

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

0.61

Correlation (All Time)
Calculated using the full available price history since Aug 28, 2018

0.59

The correlation between CEW.TO and VIDY.TO has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.

CEW.TO vs. VIDY.TO - Sectors Allocation Comparison

Sectors
CEW.TO
VIDY.TO

Financial Services

100.0%
42.6%

Basic Materials

-

6.3%

Communication Services

-

4.0%

Consumer Cyclical

-

6.9%

Consumer Defensive

-

8.8%

Energy

-

6.2%

Healthcare

-

9.6%

Industrials

-

7.0%

Real Estate

-

1.1%

Technology

-

1.2%

Utilities

-

6.1%

Financial Services

CEW.TO
100.0%
VIDY.TO
42.6%

Basic Materials

CEW.TO

-

VIDY.TO
6.3%

Communication Services

CEW.TO

-

VIDY.TO
4.0%

Consumer Cyclical

CEW.TO

-

VIDY.TO
6.9%

Consumer Defensive

CEW.TO

-

VIDY.TO
8.8%

Energy

CEW.TO

-

VIDY.TO
6.2%

Healthcare

CEW.TO

-

VIDY.TO
9.6%

Industrials

CEW.TO

-

VIDY.TO
7.0%

Real Estate

CEW.TO

-

VIDY.TO
1.1%

Technology

CEW.TO

-

VIDY.TO
1.2%

Utilities

CEW.TO

-

VIDY.TO
6.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Equal Weight Banc & Lifeco ETF

Vanguard FTSE Developed ex North America High Dividend Yield Index ETF

Often compared with CEW.TO:
CEW.TO vs. XFN.TOCEW.TO vs. BMOCEW.TO vs. XDIV.TOCEW.TO vs. ZEB.TOCEW.TO vs. TEC.TOCEW.TO vs. VFV.TOCEW.TO vs. RY.TO
Often compared with VIDY.TO:
VIDY.TO vs. VDY.TOVIDY.TO vs. VIU.TOVIDY.TO vs. VEQT.TOVIDY.TO vs. VFV.TOVIDY.TO vs. XEF.TOVIDY.TO vs. VEE.TOVIDY.TO vs. VDU.TO

Return for Risk

CEW.TO vs. VIDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEW.TO
CEW.TO Risk / Return Rank: 9898
Overall Rank
CEW.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CEW.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
CEW.TO Omega Ratio Rank: 9898
Omega Ratio Rank
CEW.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
CEW.TO Martin Ratio Rank: 9797
Martin Ratio Rank
VIDY.TO
VIDY.TO Risk / Return Rank: 8888
Overall Rank
VIDY.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
VIDY.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
VIDY.TO Omega Ratio Rank: 9292
Omega Ratio Rank
VIDY.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
VIDY.TO Martin Ratio Rank: 8484
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.

CEW.TO vs. VIDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Equal Weight Banc & Lifeco ETF (CEW.TO) and Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.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.

CEW.TOVIDY.TODifference
Sharpe ratioReturn per unit of total volatility
4.68
2.39

+2.29

Sortino ratioReturn per unit of downside risk
6.10
3.32

+2.78

Omega ratioGain probability vs. loss probability

1.84

1.44

+0.40

Calmar ratioReturn relative to maximum drawdown

8.09

3.03

+5.06

Martin ratioReturn relative to average drawdown

29.53

11.68

+17.85

CEW.TO vs. VIDY.TO - Sharpe Ratio Comparison

The current CEW.TO Sharpe Ratio is 4.68, which is higher than the VIDY.TO Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of CEW.TO and VIDY.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

CEW.TO vs. VIDY.TO - Drawdown Comparison

The maximum CEW.TO drawdown since its inception was -53.50%, which is greater than VIDY.TO's maximum drawdown of -31.99%. Use the drawdown chart below to compare losses from any high point for CEW.TO and VIDY.TO.

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Drawdown Indicators

CEW.TOVIDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-53.50%

-31.99%

-21.51%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-10.48%

+3.35%

Max Drawdown (3Y)

Largest decline over 3 years

-12.72%

-13.89%

+1.17%

Max Drawdown (5Y)

Largest decline over 5 years

-22.41%

-19.01%

-3.40%

Max Drawdown (10Y)

Largest decline over 10 years

-43.66%

—

—

Current Drawdown

Current decline from peak

-1.79%

-0.11%

-1.68%

Average Drawdown

Average peak-to-trough decline

-6.90%

-4.21%

-2.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

2.71%

-0.76%

Volatility

CEW.TO vs. VIDY.TO - Volatility Comparison

iShares Equal Weight Banc & Lifeco ETF (CEW.TO) has a higher volatility of 4.08% compared to Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.TO) at 3.19%. This indicates that CEW.TO's price experiences larger fluctuations and is considered to be riskier than VIDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CEW.TOVIDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

3.19%

+0.89%

Volatility (6M)

Calculated over the trailing 6-month period

10.01%

11.10%

-1.09%

Volatility (1Y)

Calculated over the trailing 1-year period

12.31%

13.27%

-0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.58%

13.53%

+0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.00%

16.38%

+0.62%

CEW.TO vs. VIDY.TO - Expense Ratio Comparison

CEW.TO has a 0.61% expense ratio, which is higher than VIDY.TO's 0.31% expense ratio.

Dividends

CEW.TO vs. VIDY.TO - Dividend Comparison

CEW.TO's dividend yield for the trailing twelve months is around 2.17%, less than VIDY.TO's 2.87% yield.

PositionTTM20252024202320222021202020192018201720162015
CEW.TO
iShares Equal Weight Banc & Lifeco ETF		2.17%2.82%3.41%3.98%3.95%3.10%3.83%3.39%3.13%2.62%2.70%2.91%
VIDY.TO
Vanguard FTSE Developed ex North America High Dividend Yield Index ETF		2.87%2.80%3.64%3.91%4.39%3.30%3.36%3.37%0.02%0.00%0.00%0.00%

Frequently Asked Questions

CEW.TO and VIDY.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VIDY.TO is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VIDY.TO is cheaper with a 0.31% expense ratio, compared with 0.61% for CEW.TO.

CEW.TO is categorized as Financials Equities, while VIDY.TO is Foreign Large Cap Equities. CEW.TO tracks Morningstar Gbl Fin Svc GR CAD, while VIDY.TO tracks FTSE Developed ex North America High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.61% for CEW.TO and 0.31% for VIDY.TO.

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