PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GSY.TO vs. XDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GSY.TO vs. XDIV.TO

Last updated Jun 4, 2026

GSY.TO (goeasy Ltd.) 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, GSY.TO returned -20.19%/yr vs 16.42%/yr for XDIV.TO. At a 0.38 correlation, their price movements are largely independent.

Performance

GSY.TO vs. XDIV.TO - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, GSY.TO achieves a -70.23% return, which is significantly lower than XDIV.TO's 19.17% return.

GSY.TO

1D
-2.69%
1M
22.01%
YTD
-70.23%
6M
-69.37%
1Y
-73.34%
3Y*
-26.18%
5Y*
-20.19%
10Y*
10.76%

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)

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

2026 (YTD)202520242023202220212020201920182017
GSY.TO
goeasy Ltd.		-70.23%-18.20%10.02%56.89%-38.17%88.94%45.57%98.94%-1.48%30.72%
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%-10.04%8.48%

Correlation

The correlation between GSY.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

0.28

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

0.36

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2017

0.38

Over the past year, the correlation between GSY.TO and XDIV.TO has dropped to 0.12 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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

goeasy Ltd.

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with GSY.TO:
GSY.TO vs. PRL.TOGSY.TO vs. CSU.TOGSY.TO vs. RY.TOGSY.TO vs. TVK.TOGSY.TO vs. AC.TOGSY.TO vs. MKP.TOGSY.TO vs. DOL.TO
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GSY.TO
GSY.TO Risk / Return Rank: 66
Overall Rank
GSY.TO Sharpe Ratio Rank: 55
Sharpe Ratio Rank
GSY.TO Sortino Ratio Rank: 77
Sortino Ratio Rank
GSY.TO Omega Ratio Rank: 22
Omega Ratio Rank
GSY.TO Calmar Ratio Rank: 88
Calmar Ratio Rank
GSY.TO Martin Ratio Rank: 55
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9797
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.

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

This table presents a comparison of risk-adjusted performance metrics for goeasy Ltd. (GSY.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.

GSY.TOXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
-0.94
4.94

-5.88

Sortino ratioReturn per unit of downside risk
-1.29
7.29

-8.58

Omega ratioGain probability vs. loss probability

0.73

2.03

-1.30

Calmar ratioReturn relative to maximum drawdown

-0.85

16.64

-17.49

Martin ratioReturn relative to average drawdown

-1.54

56.55

-58.08

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

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

The current GSY.TO Sharpe Ratio is -0.94, which is lower than the XDIV.TO Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of GSY.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.

Loading charts...

Sharpe Ratios by Period

GSY.TOXDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.94

4.94

-5.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.42

1.57

-1.99

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.22

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.11

0.81

-0.70

Drawdowns

GSY.TO vs. XDIV.TO - Drawdown Comparison

The maximum GSY.TO drawdown since its inception was -96.30%, 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 GSY.TO and XDIV.TO.

Loading charts...

Drawdown Indicators

GSY.TOXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-96.30%

-41.30%

-55.00%

Max Drawdown (1Y)

Largest decline over 1 year

-86.47%

-2.33%

-84.14%

Max Drawdown (3Y)

Largest decline over 3 years

-86.47%

-10.53%

-75.94%

Max Drawdown (5Y)

Largest decline over 5 years

-86.47%

-17.60%

-68.87%

Max Drawdown (10Y)

Largest decline over 10 years

-86.47%

—

—

Current Drawdown

Current decline from peak

-81.44%

-0.09%

-81.35%

Average Drawdown

Average peak-to-trough decline

-43.42%

-4.25%

-39.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

47.67%

0.69%

+46.98%

Volatility

GSY.TO vs. XDIV.TO - Volatility Comparison

goeasy Ltd. (GSY.TO) has a higher volatility of 22.27% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that GSY.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.

Loading charts...

Volatility by Period

GSY.TOXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

22.27%

2.81%

+19.46%

Volatility (6M)

Calculated over the trailing 6-month period

95.52%

6.36%

+89.16%

Volatility (1Y)

Calculated over the trailing 1-year period

77.82%

7.85%

+69.97%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

48.16%

10.53%

+37.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.64%

16.01%

+32.63%

Dividends

GSY.TO vs. XDIV.TO - Dividend Comparison

GSY.TO's dividend yield for the trailing twelve months is around 11.21%, more than XDIV.TO's 3.28% yield.

PositionTTM20252024202320222021202020192018201720162015
GSY.TO
goeasy Ltd.		11.21%4.45%4.40%3.99%4.21%1.64%2.62%1.78%2.52%1.94%2.05%2.11%
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%0.00%0.00%

Frequently Asked Questions

GSY.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.

Portfolio Optimizer

Find the right allocation for GSY.TO and XDIV.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer