DIVS.TO vs. XDIV.TO

Last updated Jun 4, 2026

DIVS.TO (Evolve Active Canadian Preferred Share Fund) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - DIVS.TO is a fund fund, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Over the past 5 years, DIVS.TO returned 10.84%/yr vs 16.42%/yr for XDIV.TO. At a 0.23 correlation, their price movements are largely independent.

Performance

DIVS.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Evolve Active Canadian Preferred Share Fund (DIVS.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIVS.TO achieves a 3.58% return, which is significantly lower than XDIV.TO's 19.17% return.

DIVS.TO

• 1D: -0.17%
• 1M: 1.27%
• YTD: 3.58%
• 6M: 5.12%
• 1Y: 14.62%
• 3Y*: 17.40%
• 5Y*: 10.84%
• 10Y*: —

XDIV.TO

• 1D: 0.19%
• 1M: 3.65%
• YTD: 19.17%
• 6M: 18.94%
• 1Y: 38.61%
• 3Y*: 22.97%
• 5Y*: 16.42%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DIVS.TO Evolve Active Canadian Preferred Share Fund	3.58%	14.93%	24.96%	12.11%	-7.19%	26.99%	-1.19%	-1.14%	-12.33%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	19.17%	24.92%	19.56%	11.71%	0.29%	32.25%	-7.81%	24.84%	-10.50%

Correlation

The correlation between DIVS.TO and XDIV.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jan 10, 2018	0.23

The correlation between DIVS.TO and XDIV.TO shifts across timeframes, from 0.11 (3 years) to 0.23 (all time), reflecting how their relationship changes across market environments.

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

Sectors	DIVS.TO	XDIV.TO
Energy	100.0%	28.8%
Basic Materials	-	-
Communication Services	-	0.4%
Consumer Cyclical	-	11.5%
Consumer Defensive	-	-
Financial Services	-	46.7%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	1.3%
Utilities	-	11.3%

Return for Risk

DIVS.TO vs. XDIV.TO — Risk / Return Rank

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

DIVS.TO

DIVS.TO Risk / Return Rank: 90
DIVS.TO Sharpe Ratio Rank: 81
DIVS.TO Sortino Ratio Rank: 87
DIVS.TO Omega Ratio Rank: 93
DIVS.TO Calmar Ratio Rank: 93
DIVS.TO Martin Ratio Rank: 94

XDIV.TO

XDIV.TO Risk / Return Rank: 98
XDIV.TO Sharpe Ratio Rank: 97
XDIV.TO Sortino Ratio Rank: 98
XDIV.TO Omega Ratio Rank: 98
XDIV.TO Calmar Ratio Rank: 98
XDIV.TO Martin Ratio Rank: 98

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.

DIVS.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Evolve Active Canadian Preferred Share Fund (DIVS.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.

	DIVS.TO	XDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.66	4.94	-2.28
Sortino ratio: Return per unit of downside risk	3.96	7.29	-3.33
Omega ratio: Gain probability vs. loss probability	1.65	2.03	-0.38
Calmar ratio: Return relative to maximum drawdown	6.94	16.64	-9.70
Martin ratio: Return relative to average drawdown	27.66	56.55	-28.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIVS.TO vs. XDIV.TO - Sharpe Ratio Comparison

The current DIVS.TO Sharpe Ratio is 2.66, which is lower than the XDIV.TO Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of DIVS.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.

Sharpe Ratios by Period

	DIVS.TO	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	4.94	-2.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.24	1.57	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.81	-0.33

Drawdowns

DIVS.TO vs. XDIV.TO - Drawdown Comparison

The maximum DIVS.TO drawdown since its inception was -49.95%, which is greater than XDIV.TO's maximum drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for DIVS.TO and XDIV.TO.

Drawdown Indicators

	DIVS.TO	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.95%	-41.30%	-8.65%
Max Drawdown (1Y) Largest decline over 1 year	-2.21%	-2.33%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-6.50%	-10.53%	+4.03%
Max Drawdown (5Y) Largest decline over 5 years	-16.73%	-17.60%	+0.87%
Current Drawdown Current decline from peak	-0.30%	-0.09%	-0.21%
Average Drawdown Average peak-to-trough decline	-7.63%	-4.25%	-3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	0.69%	-0.14%

Volatility

DIVS.TO vs. XDIV.TO - Volatility Comparison

The current volatility for Evolve Active Canadian Preferred Share Fund (DIVS.TO) is 1.05%, while iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) has a volatility of 2.81%. This indicates that DIVS.TO experiences smaller price fluctuations and is considered to be less risky than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVS.TO	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.05%	2.81%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	4.26%	6.36%	-2.10%
Volatility (1Y) Calculated over the trailing 1-year period	5.77%	7.85%	-2.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.77%	10.53%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.41%	16.01%	-2.60%

Dividends

DIVS.TO vs. XDIV.TO - Dividend Comparison

DIVS.TO's dividend yield for the trailing twelve months is around 5.38%, more than XDIV.TO's 3.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVS.TO Evolve Active Canadian Preferred Share Fund	5.38%	5.32%	8.60%	11.61%	15.44%	10.35%	5.37%	5.00%	4.70%	0.00%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	3.28%	3.81%	4.29%	4.20%	3.95%	3.58%	4.58%	4.02%	4.85%	1.82%

Frequently Asked Questions

Can I hold both DIVS.TO and XDIV.TO in my portfolio?

DIVS.TO and XDIV.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.