IDMO vs. XDIV.TO

Last updated Jun 9, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, IDMO returned 15.15%/yr vs 13.62%/yr for XDIV.TO. At a 0.40 correlation, their price movements are largely independent. IDMO charges 0.25%/yr vs 0.11%/yr for XDIV.TO.

Performance

IDMO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IDMO achieves a 5.33% return, which is significantly lower than XDIV.TO's 17.68% return.

IDMO

• 1D: 0.67%
• 1M: -3.78%
• YTD: 5.33%
• 6M: 8.93%
• 1Y: 19.27%
• 3Y*: 24.47%
• 5Y*: 15.15%
• 10Y*: 12.02%

XDIV.TO

• 1D: -0.10%
• 1M: 1.83%
• YTD: 17.68%
• 6M: 18.16%
• 1Y: 36.89%
• 3Y*: 21.74%
• 5Y*: 13.62%
• 10Y*: —

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

IDMO vs. XDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	5.33%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	16.03%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	17.61%	31.02%	10.48%	14.68%	-5.50%	33.37%	-5.29%	30.52%	-16.81%	14.41%

Correlation

The correlation between IDMO and XDIV.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017	0.40

The correlation between IDMO and XDIV.TO shifts across timeframes, from 0.28 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

IDMO vs. XDIV.TO - Sectors Allocation Comparison

Sectors	IDMO	XDIV.TO
Financial Services	42.4%	46.7%
Industrials	22.6%	-
Basic Materials	10.2%	-
Utilities	8.4%	11.3%
Technology	5.3%	1.3%
Consumer Defensive	2.5%	-
Communication Services	2.2%	0.4%
Real Estate	2.0%	-
Energy	1.9%	28.8%
Consumer Cyclical	1.4%	11.5%
Healthcare	1.2%	-

Return for Risk

IDMO vs. XDIV.TO — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 36
IDMO Sharpe Ratio Rank: 34
IDMO Sortino Ratio Rank: 34
IDMO Omega Ratio Rank: 35
IDMO Calmar Ratio Rank: 35
IDMO Martin Ratio Rank: 43

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: 99
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.

	IDMO	XDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.12	4.21	-3.09
Sortino ratio: Return per unit of downside risk	1.67	6.03	-4.36
Omega ratio: Gain probability vs. loss probability	1.21	1.81	-0.60
Calmar ratio: Return relative to maximum drawdown	1.57	11.19	-9.62
Martin ratio: Return relative to average drawdown	6.49	37.59	-31.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDMO vs. XDIV.TO - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.12, which is lower than the XDIV.TO Sharpe Ratio of 4.21. The chart below compares the historical Sharpe Ratios of IDMO 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

	IDMO	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	4.21	-3.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	1.10	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.71	-0.27

Drawdowns

IDMO vs. XDIV.TO - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum XDIV.TO drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for IDMO and XDIV.TO.

Drawdown Indicators

	IDMO	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-46.32%	+6.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-3.31%	-9.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-12.20%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-24.74%	-2.33%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	—	—
Current Drawdown Current decline from peak	-4.49%	-0.76%	-3.73%
Average Drawdown Average peak-to-trough decline	-9.75%	-6.35%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	0.98%	+2.01%

Volatility

IDMO vs. XDIV.TO - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 6.18% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.51%. This indicates that IDMO'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

	IDMO	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	2.51%	+3.67%
Volatility (6M) Calculated over the trailing 6-month period	15.28%	6.83%	+8.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.25%	8.82%	+8.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	12.47%	+5.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	17.77%	+0.37%

IDMO vs. XDIV.TO - Expense Ratio Comparison

IDMO 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%.

Dividends

IDMO vs. XDIV.TO - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.61%, more than XDIV.TO's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.61%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	3.31%	3.90%	4.50%	4.42%	4.15%	3.76%	4.85%	4.24%	5.13%	1.92%	0.00%	0.00%

Frequently Asked Questions

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

IDMO and XDIV.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDMO or XDIV.TO?

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDMO or XDIV.TO?

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.25% for IDMO.

What is the main difference between IDMO and XDIV.TO?

IDMO is categorized as Momentum, while XDIV.TO is Dividend. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for IDMO and 0.11% for XDIV.TO.