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DGRC.TO vs. VDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DGRC.TO vs. VDY.TO

Last updated Jun 4, 2026

DGRC.TO (CI Canada Quality Dividend Growth Index ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both Dividend funds. Over the past 5 years, DGRC.TO returned 12.71%/yr vs 17.21%/yr for VDY.TO. A 0.74 correlation means they provide meaningful diversification when combined. DGRC.TO charges 0.23%/yr vs 0.22%/yr for VDY.TO.

Performance

DGRC.TO vs. VDY.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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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, DGRC.TO achieves a 14.54% return, which is significantly lower than VDY.TO's 20.59% 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*
—

VDY.TO

1D
-0.07%
1M
4.52%
YTD
20.59%
6M
22.32%
1Y
46.18%
3Y*
26.00%
5Y*
17.21%
10Y*
14.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
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%-3.85%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		20.59%29.20%20.71%8.40%-0.23%36.78%-1.37%21.43%-7.26%

Correlation

The correlation between DGRC.TO and VDY.TO is 0.67, 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

0.67

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

0.75

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

0.77

Correlation (All Time)
Calculated using the full available price history since Feb 5, 2018

0.74

The correlation between DGRC.TO and VDY.TO shifts across timeframes, from 0.67 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
DGRC.TO
VDY.TO

Energy

27.7%
30.8%

Financial Services

24.3%
56.0%

Industrials

16.1%
0.2%

Consumer Defensive

10.7%
0.4%

Consumer Cyclical

10.2%
3.0%

Basic Materials

8.0%
2.2%

Communication Services

1.7%
2.8%

Technology

1.2%
0.4%

Real Estate

0.1%

-

Healthcare

-

0.1%

Utilities

-

4.1%

Energy

DGRC.TO
27.7%
VDY.TO
30.8%

Financial Services

DGRC.TO
24.3%
VDY.TO
56.0%

Industrials

DGRC.TO
16.1%
VDY.TO
0.2%

Consumer Defensive

DGRC.TO
10.7%
VDY.TO
0.4%

Consumer Cyclical

DGRC.TO
10.2%
VDY.TO
3.0%

Basic Materials

DGRC.TO
8.0%
VDY.TO
2.2%

Communication Services

DGRC.TO
1.7%
VDY.TO
2.8%

Technology

DGRC.TO
1.2%
VDY.TO
0.4%

Real Estate

DGRC.TO
0.1%
VDY.TO

-

Healthcare

DGRC.TO

-

VDY.TO
0.1%

Utilities

DGRC.TO

-

VDY.TO
4.1%

Compare stocks, funds, or ETFs

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CI Canada Quality Dividend Growth Index ETF

Vanguard FTSE Canadian High Dividend Yield Index ETF

Often compared with DGRC.TO:
DGRC.TO vs. VYMDGRC.TO vs. RIT.TODGRC.TO vs. ISPA.DEDGRC.TO vs. VDIV.DEDGRC.TO vs. PDC.TODGRC.TO vs. SCHDDGRC.TO vs. PDIV.TO
Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO

Return for Risk

DGRC.TO vs. VDY.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: 8888
Overall Rank
DGRC.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
DGRC.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
DGRC.TO Omega Ratio Rank: 8585
Omega Ratio Rank
DGRC.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
DGRC.TO Martin Ratio Rank: 9090
Martin Ratio Rank
VDY.TO
VDY.TO Risk / Return Rank: 9898
Overall Rank
VDY.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
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.

DGRC.TO vs. VDY.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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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.TOVDY.TODifference
Sharpe ratioReturn per unit of total volatility
2.86
5.65

-2.79

Sortino ratioReturn per unit of downside risk
3.88
8.14

-4.26

Omega ratioGain probability vs. loss probability

1.52

2.14

-0.62

Calmar ratioReturn relative to maximum drawdown

5.52

14.88

-9.36

Martin ratioReturn relative to average drawdown

20.77

60.75

-39.98

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. VDY.TO - Sharpe Ratio Comparison

The current DGRC.TO Sharpe Ratio is 2.86, which is lower than the VDY.TO Sharpe Ratio of 5.65. The chart below compares the historical Sharpe Ratios of DGRC.TO and VDY.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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Sharpe Ratios by Period

DGRC.TOVDY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.86

5.65

-2.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

1.50

-0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.84

-0.03

Drawdowns

DGRC.TO vs. VDY.TO - Drawdown Comparison

The maximum DGRC.TO drawdown since its inception was -36.59%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for DGRC.TO and VDY.TO.

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Drawdown Indicators

DGRC.TOVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.59%

-39.21%

+2.62%

Max Drawdown (1Y)

Largest decline over 1 year

-5.99%

-3.12%

-2.87%

Max Drawdown (3Y)

Largest decline over 3 years

-12.90%

-10.87%

-2.03%

Max Drawdown (5Y)

Largest decline over 5 years

-15.39%

-16.18%

+0.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.21%

—

Current Drawdown

Current decline from peak

-0.15%

-0.77%

+0.62%

Average Drawdown

Average peak-to-trough decline

-3.20%

-4.61%

+1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

0.76%

+0.83%

Volatility

DGRC.TO vs. VDY.TO - Volatility Comparison

The current volatility for CI Canada Quality Dividend Growth Index ETF (DGRC.TO) is 2.59%, while Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a volatility of 3.31%. This indicates that DGRC.TO experiences smaller price fluctuations and is considered to be less risky than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DGRC.TOVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.59%

3.31%

-0.72%

Volatility (6M)

Calculated over the trailing 6-month period

9.16%

6.87%

+2.29%

Volatility (1Y)

Calculated over the trailing 1-year period

11.58%

8.21%

+3.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.47%

11.56%

+0.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.73%

15.96%

-1.23%

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

DGRC.TO has a 0.23% expense ratio, which is higher than VDY.TO's 0.22% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DGRC.TO vs. VDY.TO - Dividend Comparison

DGRC.TO's dividend yield for the trailing twelve months is around 2.41%, less than VDY.TO's 2.90% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%0.00%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.90%3.59%4.40%4.64%4.42%3.58%4.59%4.25%4.43%3.82%3.25%4.11%

Frequently Asked Questions

DGRC.TO and VDY.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VDY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VDY.TO is cheaper with a 0.22% expense ratio, compared with 0.23% for DGRC.TO.

They also come from different issuers: CI Investments and Vanguard. Their fees differ too: 0.23% for DGRC.TO and 0.22% for VDY.TO.

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