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

GDIV vs. VDY.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Harbor Dividend Growth Leaders ETF (GDIV) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).

GDIV and VDY.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDIV is an actively managed fund by Harbor. It was launched on Jul 26, 2013. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.

Performance

GDIV vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Dividend Growth Leaders ETF (GDIV) 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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GDIV vs. VDY.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022
GDIV
Harbor Dividend Growth Leaders ETF		-0.04%10.81%14.83%16.45%-1.53%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		7.68%35.39%11.18%10.87%-10.42%
Different Trading Currencies

GDIV is traded in USD, while VDY.TO is traded in CAD. To make them comparable, the VDY.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GDIV achieves a -0.04% return, which is significantly lower than VDY.TO's 6.42% return.

GDIV

1D
2.02%
1M
-6.55%
YTD
-0.04%
6M
3.54%
1Y
15.94%
3Y*
13.25%
5Y*
—
10Y*
—

VDY.TO

1D
0.00%
1M
-2.82%
YTD
6.42%
6M
15.03%
1Y
42.40%
3Y*
20.39%
5Y*
14.09%
10Y*
12.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Harbor Dividend Growth Leaders ETF

Vanguard FTSE Canadian High Dividend Yield Index ETF

Often compared with GDIV:
GDIV vs. VIGGDIV vs. COWZGDIV vs. VOOGDIV vs. AJGGDIV vs. BDGSGDIV vs. SPYGDIV vs. VGT
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

GDIV vs. VDY.TO - Expense Ratio Comparison

GDIV has a 0.50% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.

GDIV
Harbor Dividend Growth Leaders ETF
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF

Return for Risk

GDIV vs. VDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GDIV
GDIV Risk / Return Rank: 5656
Overall Rank
GDIV Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
GDIV Sortino Ratio Rank: 5555
Sortino Ratio Rank
GDIV Omega Ratio Rank: 5757
Omega Ratio Rank
GDIV Calmar Ratio Rank: 5555
Calmar Ratio Rank
GDIV Martin Ratio Rank: 6060
Martin Ratio Rank
VDY.TO
VDY.TO Risk / Return Rank: 9797
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: 9595
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.

GDIV vs. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Dividend Growth Leaders ETF (GDIV) 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.

GDIVVDY.TODifference

Sharpe ratio

Return per unit of total volatility

0.93

3.35

-2.41

Sortino ratio

Return per unit of downside risk

1.42

4.30

-2.89

Omega ratio

Gain probability vs. loss probability

1.21

1.70

-0.48

Calmar ratio

Return relative to maximum drawdown

1.37

4.26

-2.89

Martin ratio

Return relative to average drawdown

5.89

26.93

-21.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDIV vs. VDY.TO - Sharpe Ratio Comparison

The current GDIV Sharpe Ratio is 0.93, which is lower than the VDY.TO Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of GDIV and VDY.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

GDIVVDY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

3.35

-2.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.92

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.65

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.49

+0.18

Correlation

The correlation between GDIV and VDY.TO is 0.66, 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.

Dividends

GDIV vs. VDY.TO - Dividend Comparison

GDIV's dividend yield for the trailing twelve months is around 1.19%, less than VDY.TO's 3.51% yield.

TTM20252024202320222021202020192018201720162015
GDIV
Harbor Dividend Growth Leaders ETF		1.19%1.19%1.30%2.27%5.88%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		3.51%3.59%4.40%4.64%4.42%3.58%4.59%4.25%4.43%3.82%3.25%4.11%

Drawdowns

GDIV vs. VDY.TO - Drawdown Comparison

The maximum GDIV drawdown since its inception was -18.93%, smaller than the maximum VDY.TO drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GDIV and VDY.TO.

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Drawdown Indicators

GDIVVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.93%

-39.21%

+20.28%

Max Drawdown (1Y)

Largest decline over 1 year

-12.18%

-10.07%

-2.11%

Max Drawdown (5Y)

Largest decline over 5 years

—

-16.18%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.21%

—

Current Drawdown

Current decline from peak

-7.85%

-0.55%

-7.30%

Average Drawdown

Average peak-to-trough decline

-3.26%

-4.67%

+1.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

1.76%

+1.08%

Volatility

GDIV vs. VDY.TO - Volatility Comparison

Harbor Dividend Growth Leaders ETF (GDIV) has a higher volatility of 4.89% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.21%. This indicates that GDIV's price experiences larger fluctuations and is considered to be riskier 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

GDIVVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.89%

3.21%

+1.68%

Volatility (6M)

Calculated over the trailing 6-month period

9.19%

7.52%

+1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

12.73%

+4.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.40%

15.45%

-0.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.40%

19.46%

-4.06%