Correlation
The correlation between MG.TO and VDY.TO is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
MG.TO vs. VDY.TO
Compare and contrast key facts about Magna International Inc. (MG.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MG.TO or VDY.TO.
Performance
MG.TO vs. VDY.TO - Performance Comparison
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Key characteristics
MG.TO:
-0.50
VDY.TO:
1.59
MG.TO:
-0.46
VDY.TO:
2.10
MG.TO:
0.94
VDY.TO:
1.32
MG.TO:
-0.25
VDY.TO:
1.79
MG.TO:
-1.10
VDY.TO:
7.51
MG.TO:
14.19%
VDY.TO:
2.59%
MG.TO:
33.25%
VDY.TO:
12.09%
MG.TO:
-77.44%
VDY.TO:
-39.21%
MG.TO:
-55.30%
VDY.TO:
0.00%
Returns By Period
In the year-to-date period, MG.TO achieves a -14.41% return, which is significantly lower than VDY.TO's 5.93% return. Over the past 10 years, MG.TO has underperformed VDY.TO with an annualized return of -1.04%, while VDY.TO has yielded a comparatively higher 9.73% annualized return.
MG.TO
-14.41%
7.95%
-17.04%
-16.54%
-12.28%
-0.37%
-1.04%
VDY.TO
5.93%
6.43%
3.48%
19.21%
8.25%
16.81%
9.73%
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Risk-Adjusted Performance
MG.TO vs. VDY.TO — Risk-Adjusted Performance Rank
MG.TO
VDY.TO
MG.TO vs. VDY.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Magna International Inc. (MG.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.
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Dividends
MG.TO vs. VDY.TO - Dividend Comparison
MG.TO's dividend yield for the trailing twelve months is around 3.84%, less than VDY.TO's 4.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MG.TO Magna International Inc. | 3.84% | 3.20% | 2.35% | 2.37% | 1.68% | 1.78% | 2.08% | 2.83% | 2.04% | 2.29% | 1.70% | 0.00% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.32% | 4.37% | 4.62% | 4.39% | 3.56% | 4.56% | 4.22% | 4.41% | 3.80% | 3.23% | 4.09% | 3.23% |
Drawdowns
MG.TO vs. VDY.TO - Drawdown Comparison
The maximum MG.TO drawdown since its inception was -77.44%, which is greater than VDY.TO's maximum drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for MG.TO and VDY.TO.
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Volatility
MG.TO vs. VDY.TO - Volatility Comparison
Magna International Inc. (MG.TO) has a higher volatility of 10.52% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 1.74%. This indicates that MG.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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