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RCD.TO vs. XMV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

RCD.TO vs. XMV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and iShares MSCI Min Vol Canada Index ETF (XMV.TO).

RCD.TO and XMV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RCD.TO is managed by RBC. XMV.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Jul 24, 2012.

Performance

RCD.TO vs. XMV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and iShares MSCI Min Vol Canada Index ETF (XMV.TO). The values are adjusted to include any dividend payments, if applicable.

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RCD.TO vs. XMV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RCD.TO
RBC Quant Canadian Dividend Leaders ETF		5.56%21.74%10.79%10.31%-3.37%27.62%-1.89%21.59%-11.38%5.76%
XMV.TO
iShares MSCI Min Vol Canada Index ETF		3.30%17.87%15.63%10.94%-1.64%21.41%-1.75%23.41%-7.65%6.85%

Returns By Period

In the year-to-date period, RCD.TO achieves a 5.56% return, which is significantly higher than XMV.TO's 3.30% return. Both investments have delivered pretty close results over the past 10 years, with RCD.TO having a 9.46% annualized return and XMV.TO not far behind at 9.36%.

RCD.TO

1D
2.11%
1M
-3.55%
YTD
5.56%
6M
2.79%
1Y
23.94%
3Y*
14.80%
5Y*
11.74%
10Y*
9.46%

XMV.TO

1D
0.50%
1M
-2.42%
YTD
3.30%
6M
4.26%
1Y
16.50%
3Y*
14.13%
5Y*
11.45%
10Y*
9.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

RBC Quant Canadian Dividend Leaders ETF

iShares MSCI Min Vol Canada Index ETF

Often compared with RCD.TO:
RCD.TO vs. VDY.TORCD.TO vs. ZLB.TORCD.TO vs. XEI.TORCD.TO vs. DMEC.TORCD.TO vs. XDIV.TORCD.TO vs. XUS.TORCD.TO vs. XIU.TO
Often compared with XMV.TO:
XMV.TO vs. XIC.TOXMV.TO vs. VEQT.TOXMV.TO vs. XMU.TOXMV.TO vs. XMW.TOXMV.TO vs. XMI.TOXMV.TO vs. XEQT.TOXMV.TO vs. VCE.TO

RCD.TO vs. XMV.TO - Expense Ratio Comparison

RCD.TO has a 0.43% expense ratio, which is higher than XMV.TO's 0.33% expense ratio.

RCD.TO
RBC Quant Canadian Dividend Leaders ETF
XMV.TO
iShares MSCI Min Vol Canada Index ETF

Return for Risk

RCD.TO vs. XMV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RCD.TO
RCD.TO Risk / Return Rank: 8181
Overall Rank
RCD.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
RCD.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
RCD.TO Omega Ratio Rank: 8787
Omega Ratio Rank
RCD.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
RCD.TO Martin Ratio Rank: 7777
Martin Ratio Rank
XMV.TO
XMV.TO Risk / Return Rank: 8181
Overall Rank
XMV.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
XMV.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
XMV.TO Omega Ratio Rank: 8282
Omega Ratio Rank
XMV.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
XMV.TO Martin Ratio Rank: 8383
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.

RCD.TO vs. XMV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Quant Canadian Dividend Leaders ETF (RCD.TO) and iShares MSCI Min Vol Canada Index ETF (XMV.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.

RCD.TOXMV.TODifference

Sharpe ratio

Return per unit of total volatility

1.62

1.47

+0.15

Sortino ratio

Return per unit of downside risk

1.90

1.99

-0.09

Omega ratio

Gain probability vs. loss probability

1.35

1.31

+0.04

Calmar ratio

Return relative to maximum drawdown

2.45

2.09

+0.35

Martin ratio

Return relative to average drawdown

8.30

9.08

-0.78

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RCD.TO vs. XMV.TO - Sharpe Ratio Comparison

The current RCD.TO Sharpe Ratio is 1.62, which is comparable to the XMV.TO Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of RCD.TO and XMV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

RCD.TOXMV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.62

1.47

+0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

1.11

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.73

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.84

-0.32

Correlation

The correlation between RCD.TO and XMV.TO is 0.62, 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.

Dividends

RCD.TO vs. XMV.TO - Dividend Comparison

RCD.TO's dividend yield for the trailing twelve months is around 3.05%, more than XMV.TO's 2.21% yield.

TTM20252024202320222021202020192018201720162015
RCD.TO
RBC Quant Canadian Dividend Leaders ETF		3.05%3.07%3.17%3.39%3.36%2.34%3.45%3.12%3.64%3.01%3.08%3.62%
XMV.TO
iShares MSCI Min Vol Canada Index ETF		2.21%2.21%2.33%2.62%2.41%2.04%2.73%2.44%2.93%2.49%2.11%2.47%

Drawdowns

RCD.TO vs. XMV.TO - Drawdown Comparison

The maximum RCD.TO drawdown since its inception was -38.07%, which is greater than XMV.TO's maximum drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for RCD.TO and XMV.TO.

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Drawdown Indicators

RCD.TOXMV.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.07%

-35.58%

-2.49%

Max Drawdown (1Y)

Largest decline over 1 year

-10.15%

-8.37%

-1.78%

Max Drawdown (5Y)

Largest decline over 5 years

-16.68%

-15.57%

-1.11%

Max Drawdown (10Y)

Largest decline over 10 years

-38.07%

-35.58%

-2.49%

Current Drawdown

Current decline from peak

-4.33%

-2.99%

-1.34%

Average Drawdown

Average peak-to-trough decline

-5.48%

-3.16%

-2.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

1.93%

+1.07%

Volatility

RCD.TO vs. XMV.TO - Volatility Comparison

RBC Quant Canadian Dividend Leaders ETF (RCD.TO) has a higher volatility of 4.99% compared to iShares MSCI Min Vol Canada Index ETF (XMV.TO) at 3.81%. This indicates that RCD.TO's price experiences larger fluctuations and is considered to be riskier than XMV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RCD.TOXMV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.99%

3.81%

+1.18%

Volatility (6M)

Calculated over the trailing 6-month period

12.70%

8.11%

+4.59%

Volatility (1Y)

Calculated over the trailing 1-year period

14.88%

11.31%

+3.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.22%

10.39%

+2.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.47%

12.93%

+1.54%