RY.TO vs. XDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Royal Bank of Canada (RY.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.

Performance

RY.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Bank of Canada (RY.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

RY.TO vs. XDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RY.TO Royal Bank of Canada	-3.21%	39.60%	34.37%	9.80%	-1.52%	33.09%	6.52%	14.33%	-5.50%	11.64%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	8.31%	24.92%	19.56%	11.71%	0.29%	32.25%	-7.81%	24.84%	-10.04%	8.48%

Returns By Period

In the year-to-date period, RY.TO achieves a -3.21% return, which is significantly lower than XDIV.TO's 8.31% return.

RY.TO

• 1D: 2.32%
• 1M: -1.40%
• YTD: -3.21%
• 6M: 11.24%
• 1Y: 43.26%
• 3Y*: 24.81%
• 5Y*: 18.45%
• 10Y*: 15.95%

XDIV.TO

• 1D: 0.79%
• 1M: 2.40%
• YTD: 8.31%
• 6M: 13.89%
• 1Y: 28.03%
• 3Y*: 20.18%
• 5Y*: 15.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

RY.TO vs. XDIV.TO — Risk / Return Rank

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

RY.TO

RY.TO Risk / Return Rank: 96
RY.TO Sharpe Ratio Rank: 96
RY.TO Sortino Ratio Rank: 96
RY.TO Omega Ratio Rank: 96
RY.TO Calmar Ratio Rank: 95
RY.TO Martin Ratio Rank: 97

XDIV.TO

XDIV.TO Risk / Return Rank: 95
XDIV.TO Sharpe Ratio Rank: 97
XDIV.TO Sortino Ratio Rank: 97
XDIV.TO Omega Ratio Rank: 97
XDIV.TO Calmar Ratio Rank: 89
XDIV.TO Martin Ratio Rank: 95

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.

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

This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY.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.

	RY.TO	XDIV.TO	Difference
Sharpe ratio Return per unit of total volatility	2.84	2.82	+0.02
Sortino ratio Return per unit of downside risk	3.83	3.37	+0.45
Omega ratio Gain probability vs. loss probability	1.54	1.62	-0.08
Calmar ratio Return relative to maximum drawdown	5.49	2.78	+2.71
Martin ratio Return relative to average drawdown	19.00	14.46	+4.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RY.TO vs. XDIV.TO - Sharpe Ratio Comparison

The current RY.TO Sharpe Ratio is 2.84, which is comparable to the XDIV.TO Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of RY.TO and XDIV.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.

Sharpe Ratios by Period

	RY.TO	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.84	2.82	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.26	1.52	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.74	-0.31

Correlation

The correlation between RY.TO and XDIV.TO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

RY.TO vs. XDIV.TO - Dividend Comparison

RY.TO's dividend yield for the trailing twelve months is around 2.76%, less than XDIV.TO's 3.58% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RY.TO Royal Bank of Canada	2.76%	2.58%	3.23%	3.99%	3.90%	3.22%	4.10%	3.96%	4.03%	3.39%	3.57%	4.15%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	3.58%	3.81%	4.29%	4.20%	3.95%	3.58%	4.58%	4.02%	4.85%	1.82%	0.00%	0.00%

Drawdowns

RY.TO vs. XDIV.TO - Drawdown Comparison

The maximum RY.TO drawdown since its inception was -70.56%, 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 RY.TO and XDIV.TO.

Drawdown Indicators

	RY.TO	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-70.56%	-41.30%	-29.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-10.53%	+2.41%
Max Drawdown (5Y) Largest decline over 5 years	-21.21%	-17.60%	-3.61%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	—	—
Current Drawdown Current decline from peak	-5.44%	0.00%	-5.44%
Average Drawdown Average peak-to-trough decline	-21.01%	-4.32%	-16.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.35%	2.02%	+0.33%

Volatility

RY.TO vs. XDIV.TO - Volatility Comparison

Royal Bank of Canada (RY.TO) has a higher volatility of 4.78% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.71%. This indicates that RY.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.

Volatility by Period

	RY.TO	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	2.71%	+2.07%
Volatility (6M) Calculated over the trailing 6-month period	9.93%	5.79%	+4.14%
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	10.03%	+5.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	10.43%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	16.10%	+1.12%