IXN vs. XDIV.TO

Last updated Jun 9, 2026

IXN (iShares Global Tech ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector 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, IXN returned 21.65%/yr vs 13.62%/yr for XDIV.TO. At a 0.34 correlation, their price movements are largely independent. IXN charges 0.46%/yr vs 0.11%/yr for XDIV.TO.

Performance

IXN vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Tech ETF (IXN) 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

IXN 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, IXN achieves a 32.00% return, which is significantly higher than XDIV.TO's 17.68% return.

IXN

• 1D: 2.45%
• 1M: 4.20%
• YTD: 32.00%
• 6M: 30.10%
• 1Y: 61.63%
• 3Y*: 33.24%
• 5Y*: 21.65%
• 10Y*: 24.76%

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)

IXN vs. XDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IXN iShares Global Tech ETF	32.00%	25.25%	24.84%	52.98%	-29.86%	29.58%	43.62%	47.88%	-5.44%	16.65%
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 IXN and XDIV.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017	0.34

The correlation between IXN and XDIV.TO shifts across timeframes, from 0.14 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

IXN vs. XDIV.TO - Sectors Allocation Comparison

Sectors	IXN	XDIV.TO
Technology	99.3%	1.3%
Industrials	0.2%	-
Energy	0.1%	28.8%
Healthcare	0.1%	-
Real Estate	0.0%	-
Basic Materials	-	-
Communication Services	-	0.4%
Consumer Cyclical	-	11.5%
Consumer Defensive	-	-
Financial Services	-	46.7%
Utilities	-	11.3%

Return for Risk

IXN vs. XDIV.TO — Risk / Return Rank

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

IXN

IXN Risk / Return Rank: 84
IXN Sharpe Ratio Rank: 88
IXN Sortino Ratio Rank: 80
IXN Omega Ratio Rank: 81
IXN Calmar Ratio Rank: 87
IXN Martin Ratio Rank: 82

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.

	IXN	XDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.65	4.21	-1.56
Sortino ratio: Return per unit of downside risk	3.19	6.03	-2.84
Omega ratio: Gain probability vs. loss probability	1.44	1.81	-0.38
Calmar ratio: Return relative to maximum drawdown	4.49	11.19	-6.70
Martin ratio: Return relative to average drawdown	15.19	37.59	-22.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IXN vs. XDIV.TO - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 2.65, which is lower than the XDIV.TO Sharpe Ratio of 4.21. The chart below compares the historical Sharpe Ratios of IXN 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

	IXN	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	4.21	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	1.10	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.71	-0.18

Drawdowns

IXN vs. XDIV.TO - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, which is greater than XDIV.TO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for IXN and XDIV.TO.

Drawdown Indicators

	IXN	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-55.67%	-46.32%	-9.35%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-3.31%	-10.49%
Max Drawdown (3Y) Largest decline over 3 years	-25.55%	-12.20%	-13.35%
Max Drawdown (5Y) Largest decline over 5 years	-36.30%	-24.74%	-11.56%
Max Drawdown (10Y) Largest decline over 10 years	-36.30%	—	—
Current Drawdown Current decline from peak	-7.44%	-0.76%	-6.68%
Average Drawdown Average peak-to-trough decline	-11.27%	-6.35%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	0.98%	+3.09%

Volatility

IXN vs. XDIV.TO - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 11.51% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.51%. This indicates that IXN'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

	IXN	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.51%	2.51%	+9.00%
Volatility (6M) Calculated over the trailing 6-month period	19.70%	6.83%	+12.87%
Volatility (1Y) Calculated over the trailing 1-year period	23.42%	8.82%	+14.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.08%	12.47%	+12.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.53%	17.77%	+6.76%

IXN vs. XDIV.TO - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.

Dividends

IXN vs. XDIV.TO - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.79%, less than XDIV.TO's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IXN iShares Global Tech ETF	0.79%	1.04%	0.43%	0.55%	0.81%	0.58%	0.63%	1.06%	0.94%	0.93%	1.03%	1.12%
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 IXN and XDIV.TO in my portfolio?

IXN and XDIV.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IXN 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, IXN or XDIV.TO?

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.46% for IXN.

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

IXN is categorized as Technology Equities, while XDIV.TO is Dividend. IXN tracks S&P Global Information Technology Sector Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.46% for IXN and 0.11% for XDIV.TO.