EIF.TO vs. XDIV.TO

Last updated Jun 4, 2026

EIF.TO (Exchange Income Corporation) is a stock, while XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) is Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Over the past 5 years, EIF.TO returned 31.77%/yr vs 16.63%/yr for XDIV.TO. At a 0.40 correlation, their price movements are largely independent.

Performance

EIF.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Exchange Income Corporation (EIF.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, EIF.TO achieves a 52.15% return, which is significantly higher than XDIV.TO's 20.26% return.

EIF.TO

• 1D: -0.55%
• 1M: 23.90%
• YTD: 52.15%
• 6M: 54.63%
• 1Y: 124.29%
• 3Y*: 38.20%
• 5Y*: 31.77%
• 10Y*: 21.29%

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIF.TO Exchange Income Corporation	52.15%	45.29%	37.59%	-9.76%	31.82%	21.59%	-11.59%	67.92%	-15.09%	16.00%
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%	-10.04%	8.48%

Correlation

The correlation between EIF.TO and XDIV.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.40

Over the past year, the correlation between EIF.TO and XDIV.TO has dropped to 0.13 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

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

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

EIF.TO

EIF.TO Risk / Return Rank: 98
EIF.TO Sharpe Ratio Rank: 98
EIF.TO Sortino Ratio Rank: 99
EIF.TO Omega Ratio Rank: 98
EIF.TO Calmar Ratio Rank: 98
EIF.TO Martin Ratio Rank: 98

XDIV.TO

XDIV.TO Risk / Return Rank: 98
XDIV.TO Sharpe Ratio Rank: 98
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.

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

This table presents a comparison of risk-adjusted performance metrics for Exchange Income Corporation (EIF.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.

	EIF.TO	XDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	4.98	5.17	-0.19
Sortino ratio: Return per unit of downside risk	6.27	7.63	-1.36
Omega ratio: Gain probability vs. loss probability	1.81	2.09	-0.28
Calmar ratio: Return relative to maximum drawdown	12.78	17.45	-4.67
Martin ratio: Return relative to average drawdown	37.57	59.31	-21.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EIF.TO Sharpe Ratio is 4.98, which is comparable to the XDIV.TO Sharpe Ratio of 5.17. The chart below compares the historical Sharpe Ratios of EIF.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

	EIF.TO	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.98	5.17	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.34	1.59	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.82	-0.15

Drawdowns

EIF.TO vs. XDIV.TO - Drawdown Comparison

The maximum EIF.TO drawdown since its inception was -68.18%, 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 EIF.TO and XDIV.TO.

Drawdown Indicators

	EIF.TO	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-68.18%	-41.30%	-26.88%
Max Drawdown (1Y) Largest decline over 1 year	-9.78%	-2.33%	-7.45%
Max Drawdown (3Y) Largest decline over 3 years	-20.90%	-10.53%	-10.37%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-17.60%	-3.87%
Max Drawdown (10Y) Largest decline over 10 years	-68.18%	—	—
Current Drawdown Current decline from peak	-0.55%	0.00%	-0.55%
Average Drawdown Average peak-to-trough decline	-9.70%	-4.25%	-5.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	0.68%	+2.64%

Volatility

EIF.TO vs. XDIV.TO - Volatility Comparison

Exchange Income Corporation (EIF.TO) has a higher volatility of 11.59% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that EIF.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIF.TO	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.59%	2.81%	+8.78%
Volatility (6M) Calculated over the trailing 6-month period	20.52%	6.37%	+14.15%
Volatility (1Y) Calculated over the trailing 1-year period	25.11%	7.89%	+17.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.91%	10.53%	+13.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.67%	16.00%	+16.67%

Dividends

EIF.TO vs. XDIV.TO - Dividend Comparison

EIF.TO's dividend yield for the trailing twelve months is around 2.20%, less than XDIV.TO's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIF.TO Exchange Income Corporation	2.20%	3.25%	4.49%	5.63%	4.58%	5.41%	6.22%	4.99%	7.71%	5.89%	4.79%	6.37%
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%	0.00%	0.00%

Frequently Asked Questions

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

EIF.TO and XDIV.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.