IQD.TO vs. CWIN.TO
IQD.TO (CI International Quality Dividend Growth Index ETF) and CWIN.TO (HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units) are both Dividend funds. Over the past year, IQD.TO returned 16.35% vs 40.28% for CWIN.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
IQD.TO vs. CWIN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, IQD.TO achieves a 8.20% return, which is significantly lower than CWIN.TO's 20.39% return.
IQD.TO
- 1D
- 0.23%
- 1M
- 2.60%
- YTD
- 8.20%
- 6M
- 7.85%
- 1Y
- 16.35%
- 3Y*
- 10.30%
- 5Y*
- 6.87%
- 10Y*
- —
CWIN.TO
- 1D
- -0.61%
- 1M
- 5.84%
- YTD
- 20.39%
- 6M
- 19.94%
- 1Y
- 40.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQD.TO vs. CWIN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQD.TO CI International Quality Dividend Growth Index ETF | 8.20% | 7.63% |
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 20.39% | 24.29% |
Correlation
The correlation between IQD.TO and CWIN.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2025 | 0.40 |
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Return for Risk
IQD.TO vs. CWIN.TO — Risk / Return Rank
IQD.TO
CWIN.TO
IQD.TO vs. CWIN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CI International Quality Dividend Growth Index ETF (IQD.TO) and HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IQD.TO | CWIN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.62 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 5.66 | -4.07 |
| Martin ratioReturn relative to average drawdown | 5.68 | 20.94 | -15.25 |
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Drawdowns
IQD.TO vs. CWIN.TO - Drawdown Comparison
The maximum IQD.TO drawdown since its inception was -30.69%, which is greater than CWIN.TO's maximum drawdown of -10.87%. Use the drawdown chart below to compare losses from any high point for IQD.TO and CWIN.TO.
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Drawdown Indicators
| IQD.TO | CWIN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.69% | -10.87% | -19.82% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -7.15% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.94% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.61% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -1.37% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.93% | +0.95% |
Volatility
IQD.TO vs. CWIN.TO - Volatility Comparison
CI International Quality Dividend Growth Index ETF (IQD.TO) has a higher volatility of 4.32% compared to HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units (CWIN.TO) at 3.89%. This indicates that IQD.TO's price experiences larger fluctuations and is considered to be riskier than CWIN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQD.TO | CWIN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 3.89% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 10.03% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 12.45% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 13.86% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.41% | 13.86% | +1.55% |
Dividends
IQD.TO vs. CWIN.TO - Dividend Comparison
IQD.TO's dividend yield for the trailing twelve months is around 2.37%, less than CWIN.TO's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CWIN.TO HAMILTON CHAMPIONS Enhanced Canadian Dividend ETF Class E Units | 2.82% | 3.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQD.TO CI International Quality Dividend Growth Index ETF | 2.37% | 3.08% | 1.38% | 1.66% | 4.21% | 2.19% | 1.24% | 1.79% | 2.10% | 1.12% | 0.48% |
Frequently Asked Questions
IQD.TO and CWIN.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CI and Hamilton.
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