Correlation
The correlation between MRE.TO and XDIV.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.
MRE.TO vs. XDIV.TO
Compare and contrast key facts about Martinrea International Inc. (MRE.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO).
XDIV.TO is a passively managed fund by iShares that tracks the performance of the MSCI Canada High Dividend Yield 10% Security Capped Index. It was launched on Jun 12, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MRE.TO or XDIV.TO.
Performance
MRE.TO vs. XDIV.TO - Performance Comparison
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Key characteristics
MRE.TO:
-0.78
XDIV.TO:
1.74
MRE.TO:
-1.04
XDIV.TO:
2.23
MRE.TO:
0.88
XDIV.TO:
1.36
MRE.TO:
-0.45
XDIV.TO:
1.91
MRE.TO:
-1.14
XDIV.TO:
6.64
MRE.TO:
23.74%
XDIV.TO:
3.03%
MRE.TO:
33.46%
XDIV.TO:
11.36%
MRE.TO:
-91.17%
XDIV.TO:
-41.30%
MRE.TO:
-47.20%
XDIV.TO:
-0.33%
Returns By Period
In the year-to-date period, MRE.TO achieves a -5.89% return, which is significantly lower than XDIV.TO's 6.73% return.
MRE.TO
-5.89%
8.91%
-15.97%
-28.18%
-3.27%
0.40%
-3.66%
XDIV.TO
6.73%
2.69%
0.69%
18.42%
11.31%
16.66%
N/A
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Risk-Adjusted Performance
MRE.TO vs. XDIV.TO — Risk-Adjusted Performance Rank
MRE.TO
XDIV.TO
MRE.TO vs. XDIV.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Martinrea International Inc. (MRE.TO) 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.
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Dividends
MRE.TO vs. XDIV.TO - Dividend Comparison
MRE.TO's dividend yield for the trailing twelve months is around 2.37%, less than XDIV.TO's 4.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MRE.TO Martinrea International Inc. | 2.37% | 2.22% | 1.39% | 1.78% | 1.74% | 1.35% | 1.26% | 1.52% | 0.75% | 1.40% | 1.14% | 1.16% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 4.15% | 4.40% | 4.30% | 4.04% | 3.66% | 4.69% | 4.11% | 4.97% | 1.86% | 0.00% | 0.00% | 0.00% |
Drawdowns
MRE.TO vs. XDIV.TO - Drawdown Comparison
The maximum MRE.TO drawdown since its inception was -91.17%, which is greater than XDIV.TO's maximum drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for MRE.TO and XDIV.TO.
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Volatility
MRE.TO vs. XDIV.TO - Volatility Comparison
Martinrea International Inc. (MRE.TO) has a higher volatility of 15.04% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 1.37%. This indicates that MRE.TO'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.
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