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

IQD.TO vs. VDY.TO

Last updated Jul 1, 2026
See Documentation

IQD.TO (CI International Quality Dividend Growth Index ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both Dividend funds. Over the past 5 years, IQD.TO returned 6.87%/yr vs 18.22%/yr for VDY.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

IQD.TO vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI International Quality Dividend Growth Index ETF (IQD.TO) 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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Returns By Period

In the year-to-date period, IQD.TO achieves a 8.20% return, which is significantly lower than VDY.TO's 24.67% 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*
—

VDY.TO

1D
0.17%
1M
5.03%
YTD
24.67%
6M
24.35%
1Y
49.44%
3Y*
27.56%
5Y*
18.22%
10Y*
14.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IQD.TO vs. VDY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IQD.TO
CI International Quality Dividend Growth Index ETF		8.20%12.84%4.33%18.05%-12.63%18.47%9.12%30.79%-12.87%23.09%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		24.67%29.21%21.44%8.41%-0.23%36.60%-1.37%21.42%-10.09%8.32%

Correlation

The correlation between IQD.TO and VDY.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

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

0.50

Correlation (All Time)
Calculated using the full available price history since Jul 22, 2016

0.42

The correlation between IQD.TO and VDY.TO has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

CI International Quality Dividend Growth Index ETF

Vanguard FTSE Canadian High Dividend Yield Index ETF

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

Return for Risk

IQD.TO vs. VDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IQD.TO
IQD.TO Risk / Return Rank: 3737
Overall Rank
IQD.TO Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
IQD.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
IQD.TO Omega Ratio Rank: 3737
Omega Ratio Rank
IQD.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
IQD.TO Martin Ratio Rank: 4141
Martin Ratio Rank
VDY.TO
VDY.TO Risk / Return Rank: 9898
Overall Rank
VDY.TO Sharpe Ratio Rank: 9999
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: 9999
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.

IQD.TO vs. VDY.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 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.

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.TOVDY.TODifference
Sharpe ratioReturn per unit of total volatility
1.14
5.94

-4.80

Sortino ratioReturn per unit of downside risk
1.72
8.45

-6.73

Omega ratioGain probability vs. loss probability

1.22

2.19

-0.96

Calmar ratioReturn relative to maximum drawdown

1.59

15.93

-14.34

Martin ratioReturn relative to average drawdown

5.68

64.70

-59.01

IQD.TO vs. VDY.TO - Sharpe Ratio Comparison

The current IQD.TO Sharpe Ratio is 1.14, which is lower than the VDY.TO Sharpe Ratio of 5.94. The chart below compares the historical Sharpe Ratios of IQD.TO and VDY.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.

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Drawdowns

IQD.TO vs. VDY.TO - Drawdown Comparison

The maximum IQD.TO drawdown since its inception was -30.69%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for IQD.TO and VDY.TO.

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Drawdown Indicators

IQD.TOVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-30.69%

-39.21%

+8.52%

Max Drawdown (1Y)

Largest decline over 1 year

-10.31%

-3.12%

-7.19%

Max Drawdown (3Y)

Largest decline over 3 years

-18.94%

-10.38%

-8.56%

Max Drawdown (5Y)

Largest decline over 5 years

-20.52%

-16.17%

-4.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.21%

—

Current Drawdown

Current decline from peak

-0.31%

-0.26%

-0.05%

Average Drawdown

Average peak-to-trough decline

-4.13%

-4.46%

+0.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.88%

0.77%

+2.11%

Volatility

IQD.TO vs. VDY.TO - Volatility Comparison

CI International Quality Dividend Growth Index ETF (IQD.TO) has a higher volatility of 4.32% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 2.72%. This indicates that IQD.TO'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

IQD.TOVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.32%

2.72%

+1.60%

Volatility (6M)

Calculated over the trailing 6-month period

12.53%

6.84%

+5.69%

Volatility (1Y)

Calculated over the trailing 1-year period

14.42%

8.37%

+6.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.20%

11.56%

+3.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.41%

15.90%

-0.49%

Dividends

IQD.TO vs. VDY.TO - Dividend Comparison

IQD.TO's dividend yield for the trailing twelve months is around 2.37%, less than VDY.TO's 3.06% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		3.06%3.59%4.37%4.64%4.42%3.46%4.59%4.25%4.44%3.42%3.25%4.11%

Frequently Asked Questions

IQD.TO and VDY.TO have a correlation of 0.42, 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 Vanguard.

Portfolio Optimizer

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