DGR.TO vs. PDIV.TO
DGR.TO (CI U.S. Quality Dividend Growth Index ETF) and PDIV.TO (Purpose Enhanced Dividend Fund ETF) are both Dividend funds. Over the past 5 years, DGR.TO returned 10.28%/yr vs 7.87%/yr for PDIV.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
DGR.TO vs. PDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, DGR.TO achieves a 5.64% return, which is significantly lower than PDIV.TO's 8.52% return.
DGR.TO
- 1D
- 0.37%
- 1M
- -1.64%
- YTD
- 5.64%
- 6M
- 5.56%
- 1Y
- 13.36%
- 3Y*
- 12.68%
- 5Y*
- 10.28%
- 10Y*
- —
PDIV.TO
- 1D
- 0.10%
- 1M
- 1.73%
- YTD
- 8.52%
- 6M
- 8.40%
- 1Y
- 19.23%
- 3Y*
- 11.54%
- 5Y*
- 7.87%
- 10Y*
- 9.10%
DGR.TO vs. PDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGR.TO CI U.S. Quality Dividend Growth Index ETF | 5.64% | 10.57% | 16.04% | 17.92% | -8.16% | 24.28% | 10.08% | 28.48% | -7.88% | 24.43% |
PDIV.TO Purpose Enhanced Dividend Fund ETF | 8.52% | 14.66% | 10.71% | 4.64% | -4.39% | 20.18% | -1.15% | 23.57% | -15.24% | 26.84% |
Correlation
The correlation between DGR.TO and PDIV.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2016 | 0.35 |
Over the past year, DGR.TO and PDIV.TO have become more correlated (0.62) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
DGR.TO vs. PDIV.TO — Risk / Return Rank
DGR.TO
PDIV.TO
DGR.TO vs. PDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI U.S. Quality Dividend Growth Index ETF (DGR.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.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.
| DGR.TO | PDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.57 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.67 | -2.10 |
| Martin ratioReturn relative to average drawdown | 6.30 | 15.97 | -9.67 |
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Drawdowns
DGR.TO vs. PDIV.TO - Drawdown Comparison
The maximum DGR.TO drawdown since its inception was -30.73%, roughly equal to the maximum PDIV.TO drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for DGR.TO and PDIV.TO.
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Drawdown Indicators
| DGR.TO | PDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.73% | -30.64% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -5.27% | -3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -8.82% | -7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -17.92% | -15.93% | -1.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.64% | — |
Current DrawdownCurrent decline from peak | -2.31% | 0.00% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -4.34% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.21% | +0.92% |
Volatility
DGR.TO vs. PDIV.TO - Volatility Comparison
CI U.S. Quality Dividend Growth Index ETF (DGR.TO) has a higher volatility of 3.43% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 1.71%. This indicates that DGR.TO's price experiences larger fluctuations and is considered to be riskier than PDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGR.TO | PDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 1.71% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 5.48% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 6.89% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 10.05% | +4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 13.91% | +1.32% |
Dividends
DGR.TO vs. PDIV.TO - Dividend Comparison
DGR.TO's dividend yield for the trailing twelve months is around 1.15%, less than PDIV.TO's 11.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGR.TO CI U.S. Quality Dividend Growth Index ETF | 1.15% | 1.24% | 0.94% | 1.53% | 1.70% | 1.26% | 1.29% | 1.67% | 1.94% | 1.29% | 0.62% | 0.00% |
PDIV.TO Purpose Enhanced Dividend Fund ETF | 11.81% | 11.23% | 12.35% | 11.84% | 6.38% | 5.59% | 6.33% | 5.85% | 6.80% | 25.71% | 5.38% | 8.10% |
Frequently Asked Questions
DGR.TO and PDIV.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and Purpose Investments.
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