Correlation
The correlation between GBAL.TO and XDIV.TO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GBAL.TO vs. XDIV.TO
Compare and contrast key facts about iShares ESG Balanced ETF Portfolio (GBAL.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO).
GBAL.TO and XDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBAL.TO is an actively managed fund by iShares. It was launched on Sep 2, 2020. XDIV.TO is a passively managed fund by iShares that tracks the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. It was launched on Jun 12, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBAL.TO or XDIV.TO.
Performance
GBAL.TO vs. XDIV.TO - Performance Comparison
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Key characteristics
GBAL.TO:
1.02
XDIV.TO:
1.48
GBAL.TO:
1.46
XDIV.TO:
1.77
GBAL.TO:
1.20
XDIV.TO:
1.27
GBAL.TO:
1.06
XDIV.TO:
1.51
GBAL.TO:
4.02
XDIV.TO:
5.13
GBAL.TO:
2.71%
XDIV.TO:
3.09%
GBAL.TO:
10.78%
XDIV.TO:
11.49%
GBAL.TO:
-18.92%
XDIV.TO:
-41.30%
GBAL.TO:
-2.11%
XDIV.TO:
-1.34%
Returns By Period
In the year-to-date period, GBAL.TO achieves a 1.73% return, which is significantly lower than XDIV.TO's 5.65% return.
GBAL.TO
1.73%
4.52%
0.56%
10.71%
11.65%
N/A
N/A
XDIV.TO
5.65%
2.83%
-0.59%
16.44%
11.30%
17.64%
N/A
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GBAL.TO vs. XDIV.TO - Expense Ratio Comparison
GBAL.TO has a 0.25% 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%.
Risk-Adjusted Performance
GBAL.TO vs. XDIV.TO — Risk-Adjusted Performance Rank
GBAL.TO
XDIV.TO
GBAL.TO vs. XDIV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Balanced ETF Portfolio (GBAL.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.
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Dividends
GBAL.TO vs. XDIV.TO - Dividend Comparison
GBAL.TO's dividend yield for the trailing twelve months is around 1.86%, less than XDIV.TO's 4.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
GBAL.TO iShares ESG Balanced ETF Portfolio | 1.86% | 1.83% | 2.37% | 1.85% | 1.41% | 0.94% | 0.00% | 0.00% | 0.00% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 4.19% | 4.40% | 4.30% | 4.04% | 3.66% | 4.69% | 4.11% | 4.97% | 1.86% |
Drawdowns
GBAL.TO vs. XDIV.TO - Drawdown Comparison
The maximum GBAL.TO drawdown since its inception was -18.92%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for GBAL.TO and XDIV.TO.
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Volatility
GBAL.TO vs. XDIV.TO - Volatility Comparison
iShares ESG Balanced ETF Portfolio (GBAL.TO) has a higher volatility of 2.33% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 1.27%. This indicates that GBAL.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.
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