DGRC.TO vs. JAPN.TO

Last updated Jun 4, 2026

DGRC.TO (CI Canada Quality Dividend Growth Index ETF) and JAPN.TO (CI WisdomTree Japan Equity Index ETF) are both exchange-traded funds - DGRC.TO is a Dividend fund managed by CI Investments, while JAPN.TO is a Japan Equities fund tracking the WisdomTree Japan Equity Index CAD. Over the past 5 years, DGRC.TO returned 12.71%/yr vs 25.62%/yr for JAPN.TO. At a 0.24 correlation, their price movements are largely independent. DGRC.TO charges 0.23%/yr vs 0.48%/yr for JAPN.TO.

Performance

DGRC.TO vs. JAPN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Canada Quality Dividend Growth Index ETF (DGRC.TO) and CI WisdomTree Japan Equity Index ETF (JAPN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DGRC.TO achieves a 14.54% return, which is significantly lower than JAPN.TO's 19.35% return.

DGRC.TO

• 1D: 0.42%
• 1M: 2.95%
• YTD: 14.54%
• 6M: 14.94%
• 1Y: 32.94%
• 3Y*: 20.12%
• 5Y*: 12.71%
• 10Y*: —

JAPN.TO

• 1D: 0.86%
• 1M: 7.38%
• YTD: 19.35%
• 6M: 23.23%
• 1Y: 51.47%
• 3Y*: 33.20%
• 5Y*: 25.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DGRC.TO vs. JAPN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DGRC.TO CI Canada Quality Dividend Growth Index ETF	14.54%	27.20%	12.36%	7.79%	-1.70%	20.84%	7.22%	18.60%	-9.32%
JAPN.TO CI WisdomTree Japan Equity Index ETF	19.35%	30.66%	29.25%	35.51%	10.82%	16.05%	2.20%	16.56%	-15.95%

Correlation

The correlation between DGRC.TO and JAPN.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Aug 9, 2018	0.24

DGRC.TO vs. JAPN.TO - Sectors Allocation Comparison

Sectors	DGRC.TO	JAPN.TO
Energy	27.7%	1.9%
Financial Services	24.3%	18.9%
Industrials	16.1%	27.8%
Consumer Defensive	10.7%	4.8%
Consumer Cyclical	10.2%	16.1%
Basic Materials	8.0%	7.8%
Communication Services	1.7%	3.8%
Technology	1.2%	12.0%
Real Estate	0.1%	-
Healthcare	-	6.8%
Utilities	-	0.1%

Return for Risk

DGRC.TO vs. JAPN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DGRC.TO

DGRC.TO Risk / Return Rank: 88
DGRC.TO Sharpe Ratio Rank: 87
DGRC.TO Sortino Ratio Rank: 86
DGRC.TO Omega Ratio Rank: 85
DGRC.TO Calmar Ratio Rank: 90
DGRC.TO Martin Ratio Rank: 90

JAPN.TO

JAPN.TO Risk / Return Rank: 86
JAPN.TO Sharpe Ratio Rank: 86
JAPN.TO Sortino Ratio Rank: 88
JAPN.TO Omega Ratio Rank: 87
JAPN.TO Calmar Ratio Rank: 85
JAPN.TO Martin Ratio Rank: 84

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.

DGRC.TO vs. JAPN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Canada Quality Dividend Growth Index ETF (DGRC.TO) and CI WisdomTree Japan Equity Index ETF (JAPN.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.

	DGRC.TO	JAPN.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.86	2.87	-0.01
Sortino ratio: Return per unit of downside risk	3.88	4.04	-0.16
Omega ratio: Gain probability vs. loss probability	1.52	1.54	-0.03
Calmar ratio: Return relative to maximum drawdown	5.52	4.66	+0.86
Martin ratio: Return relative to average drawdown	20.77	17.52	+3.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRC.TO vs. JAPN.TO - Sharpe Ratio Comparison

The current DGRC.TO Sharpe Ratio is 2.86, which is comparable to the JAPN.TO Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of DGRC.TO and JAPN.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.

Sharpe Ratios by Period

	DGRC.TO	JAPN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	2.87	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.03	1.36	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.93	-0.12

Drawdowns

DGRC.TO vs. JAPN.TO - Drawdown Comparison

The maximum DGRC.TO drawdown since its inception was -36.59%, which is greater than JAPN.TO's maximum drawdown of -28.88%. Use the drawdown chart below to compare losses from any high point for DGRC.TO and JAPN.TO.

Drawdown Indicators

	DGRC.TO	JAPN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.59%	-28.88%	-7.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.99%	-11.09%	+5.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.90%	-21.67%	+8.77%
Max Drawdown (5Y) Largest decline over 5 years	-15.39%	-21.67%	+6.28%
Current Drawdown Current decline from peak	-0.15%	0.00%	-0.15%
Average Drawdown Average peak-to-trough decline	-3.20%	-6.05%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	2.95%	-1.36%

Volatility

DGRC.TO vs. JAPN.TO - Volatility Comparison

The current volatility for CI Canada Quality Dividend Growth Index ETF (DGRC.TO) is 2.59%, while CI WisdomTree Japan Equity Index ETF (JAPN.TO) has a volatility of 3.65%. This indicates that DGRC.TO experiences smaller price fluctuations and is considered to be less risky than JAPN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DGRC.TO	JAPN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	3.65%	-1.06%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	13.69%	-4.53%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	18.02%	-6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.47%	18.98%	-6.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.73%	19.67%	-4.94%

DGRC.TO vs. JAPN.TO - Expense Ratio Comparison

DGRC.TO has a 0.23% expense ratio, which is lower than JAPN.TO's 0.48% expense ratio.

Dividends

DGRC.TO vs. JAPN.TO - Dividend Comparison

DGRC.TO's dividend yield for the trailing twelve months is around 2.41%, more than JAPN.TO's 2.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DGRC.TO CI Canada Quality Dividend Growth Index ETF	2.41%	2.58%	2.46%	2.56%	2.48%	1.87%	3.06%	2.20%	1.63%
JAPN.TO CI WisdomTree Japan Equity Index ETF	2.02%	2.08%	1.58%	1.51%	2.59%	1.35%	1.36%	2.12%	0.62%

Frequently Asked Questions

Can I hold both DGRC.TO and JAPN.TO in my portfolio?

DGRC.TO and JAPN.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGRC.TO or JAPN.TO?

On fees, DGRC.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGRC.TO or JAPN.TO?

DGRC.TO is cheaper with a 0.23% expense ratio, compared with 0.48% for JAPN.TO.

What is the main difference between DGRC.TO and JAPN.TO?

DGRC.TO is categorized as Dividend, while JAPN.TO is Japan Equities. Their fees differ too: 0.23% for DGRC.TO and 0.48% for JAPN.TO.