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

DGRC.TO vs. XDIV.TO

Last updated Jun 5, 2026

DGRC.TO (CI Canada Quality Dividend Growth Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both Dividend funds. Over the past 5 years, DGRC.TO returned 12.96%/yr vs 16.63%/yr for XDIV.TO. A 0.73 correlation means they provide meaningful diversification when combined. DGRC.TO charges 0.23%/yr vs 0.11%/yr for XDIV.TO.

Performance

DGRC.TO vs. XDIV.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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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 15.78% return, which is significantly lower than XDIV.TO's 20.26% return.

DGRC.TO

1D
1.08%
1M
3.28%
YTD
15.78%
6M
15.70%
1Y
35.44%
3Y*
20.72%
5Y*
12.96%
10Y*
—

XDIV.TO

1D
0.91%
1M
3.66%
YTD
20.26%
6M
19.53%
1Y
40.50%
3Y*
23.53%
5Y*
16.63%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
DGRC.TO
CI Canada Quality Dividend Growth Index ETF		15.78%27.20%12.36%7.79%-1.70%20.84%7.22%18.60%-3.85%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		20.26%24.92%19.56%11.71%0.29%32.25%-7.81%24.84%-6.96%

Correlation

The correlation between DGRC.TO and XDIV.TO is 0.66, 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

0.66

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

0.73

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

0.73

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

0.73

The correlation between DGRC.TO and XDIV.TO has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

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

Sectors
DGRC.TO
XDIV.TO

Energy

27.7%
28.8%

Financial Services

24.3%
46.7%

Industrials

16.1%

-

Consumer Defensive

10.7%

-

Consumer Cyclical

10.2%
11.5%

Basic Materials

8.0%

-

Communication Services

1.7%
0.4%

Technology

1.2%
1.3%

Real Estate

0.1%

-

Healthcare

-

-

Utilities

-

11.3%

Energy

DGRC.TO
27.7%
XDIV.TO
28.8%

Financial Services

DGRC.TO
24.3%
XDIV.TO
46.7%

Industrials

DGRC.TO
16.1%
XDIV.TO

-

Consumer Defensive

DGRC.TO
10.7%
XDIV.TO

-

Consumer Cyclical

DGRC.TO
10.2%
XDIV.TO
11.5%

Basic Materials

DGRC.TO
8.0%
XDIV.TO

-

Communication Services

DGRC.TO
1.7%
XDIV.TO
0.4%

Technology

DGRC.TO
1.2%
XDIV.TO
1.3%

Real Estate

DGRC.TO
0.1%
XDIV.TO

-

Healthcare

DGRC.TO

-

XDIV.TO

-

Utilities

DGRC.TO

-

XDIV.TO
11.3%

Compare stocks, funds, or ETFs

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

CI Canada Quality Dividend Growth Index ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with DGRC.TO:
DGRC.TO vs. VDY.TODGRC.TO vs. VYMDGRC.TO vs. RIT.TODGRC.TO vs. ISPA.DEDGRC.TO vs. PDC.TODGRC.TO vs. VDIV.DEDGRC.TO vs. SCHD
Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO

Return for Risk

DGRC.TO vs. XDIV.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: 9191
Overall Rank
DGRC.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
DGRC.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
DGRC.TO Omega Ratio Rank: 8989
Omega Ratio Rank
DGRC.TO Calmar Ratio Rank: 9191
Calmar Ratio Rank
DGRC.TO Martin Ratio Rank: 9292
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XDIV.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. XDIV.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 iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.TOXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
3.08
5.17

-2.09

Sortino ratioReturn per unit of downside risk
4.15
7.63

-3.47

Omega ratioGain probability vs. loss probability

1.56

2.09

-0.53

Calmar ratioReturn relative to maximum drawdown

5.94

17.45

-11.51

Martin ratioReturn relative to average drawdown

22.34

59.31

-36.97

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. XDIV.TO - Sharpe Ratio Comparison

The current DGRC.TO Sharpe Ratio is 3.08, which is lower than the XDIV.TO Sharpe Ratio of 5.17. The chart below compares the historical Sharpe Ratios of DGRC.TO and XDIV.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.TOXDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.08

5.17

-2.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

1.59

-0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.82

+0.01

Drawdowns

DGRC.TO vs. XDIV.TO - Drawdown Comparison

The maximum DGRC.TO drawdown since its inception was -36.59%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for DGRC.TO and XDIV.TO.

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Drawdown Indicators

DGRC.TOXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.59%

-41.30%

+4.71%

Max Drawdown (1Y)

Largest decline over 1 year

-5.99%

-2.33%

-3.66%

Max Drawdown (3Y)

Largest decline over 3 years

-12.90%

-10.53%

-2.37%

Max Drawdown (5Y)

Largest decline over 5 years

-15.39%

-17.60%

+2.21%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.20%

-4.25%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

0.68%

+0.91%

Volatility

DGRC.TO vs. XDIV.TO - Volatility Comparison

CI Canada Quality Dividend Growth Index ETF (DGRC.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) have volatilities of 2.68% and 2.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DGRC.TOXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.68%

2.81%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

9.11%

6.37%

+2.74%

Volatility (1Y)

Calculated over the trailing 1-year period

11.61%

7.89%

+3.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.48%

10.53%

+1.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.73%

16.00%

-1.27%

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

DGRC.TO has a 0.23% expense ratio, which is higher than XDIV.TO's 0.11% 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. XDIV.TO - Dividend Comparison

DGRC.TO's dividend yield for the trailing twelve months is around 2.39%, less than XDIV.TO's 3.26% yield.

PositionTTM202520242023202220212020201920182017
DGRC.TO
CI Canada Quality Dividend Growth Index ETF		2.39%2.58%2.46%2.56%2.48%1.87%3.06%2.20%1.63%0.00%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.26%3.81%4.29%4.20%3.95%3.58%4.58%4.02%4.85%1.82%

Frequently Asked Questions

DGRC.TO and XDIV.TO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.23% for DGRC.TO.

They also come from different issuers: CI Investments and iShares. Their fees differ too: 0.23% for DGRC.TO and 0.11% for XDIV.TO.

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