SVR-C.TO vs. XDIV.TO

Last updated Jun 4, 2026

SVR-C.TO (iShares Silver Bullion ETF (Non-Hedged)) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - SVR-C.TO is a Silver fund tracking the LBMA Silver Price, 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, SVR-C.TO returned 24.24%/yr vs 16.63%/yr for XDIV.TO. At a 0.09 correlation, their price movements are largely independent. SVR-C.TO charges 0.66%/yr vs 0.11%/yr for XDIV.TO.

Performance

SVR-C.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SVR-C.TO achieves a 3.58% return, which is significantly lower than XDIV.TO's 20.26% return.

SVR-C.TO

• 1D: -2.08%
• 1M: 2.36%
• YTD: 3.58%
• 6M: 23.35%
• 1Y: 112.17%
• 3Y*: 46.44%
• 5Y*: 24.24%
• 10Y*: 16.32%

XDIV.TO

• 1D: 0.91%
• 1M: 3.66%
• YTD: 20.26%
• 6M: 19.53%
• 1Y: 40.50%
• 3Y*: 23.53%
• 5Y*: 16.63%
• 10Y*: —

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

SVR-C.TO vs. XDIV.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged)	3.58%	132.91%	30.61%	-2.65%	9.31%	-12.72%	43.88%	9.28%	-2.35%	-5.76%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	20.26%	24.92%	19.56%	11.71%	0.29%	32.25%	-7.81%	24.84%	-10.04%	8.48%

Correlation

The correlation between SVR-C.TO and XDIV.TO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017	0.09

Return for Risk

SVR-C.TO vs. XDIV.TO — Risk / Return Rank

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

SVR-C.TO

SVR-C.TO Risk / Return Rank: 50
SVR-C.TO Sharpe Ratio Rank: 58
SVR-C.TO Sortino Ratio Rank: 41
SVR-C.TO Omega Ratio Rank: 58
SVR-C.TO Calmar Ratio Rank: 54
SVR-C.TO Martin Ratio Rank: 37

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: 98
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.

SVR-C.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Bullion ETF (Non-Hedged) (SVR-C.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.

	SVR-C.TO	XDIV.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.99	5.17	-3.18
Sortino ratio: Return per unit of downside risk	2.13	7.63	-5.49
Omega ratio: Gain probability vs. loss probability	1.36	2.09	-0.73
Calmar ratio: Return relative to maximum drawdown	2.72	17.45	-14.74
Martin ratio: Return relative to average drawdown	5.83	59.31	-53.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVR-C.TO vs. XDIV.TO - Sharpe Ratio Comparison

The current SVR-C.TO Sharpe Ratio is 1.99, which is lower than the XDIV.TO Sharpe Ratio of 5.17. The chart below compares the historical Sharpe Ratios of SVR-C.TO 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

	SVR-C.TO	XDIV.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	5.17	-3.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	1.59	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.82	-0.59

Drawdowns

SVR-C.TO vs. XDIV.TO - Drawdown Comparison

The maximum SVR-C.TO drawdown since its inception was -61.14%, 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 SVR-C.TO and XDIV.TO.

Drawdown Indicators

	SVR-C.TO	XDIV.TO	Difference
Max Drawdown Largest peak-to-trough decline	-61.14%	-41.30%	-19.84%
Max Drawdown (1Y) Largest decline over 1 year	-41.54%	-2.33%	-39.21%
Max Drawdown (3Y) Largest decline over 3 years	-41.54%	-10.53%	-31.01%
Max Drawdown (5Y) Largest decline over 5 years	-41.54%	-17.60%	-23.94%
Max Drawdown (10Y) Largest decline over 10 years	-41.54%	—	—
Current Drawdown Current decline from peak	-35.92%	0.00%	-35.92%
Average Drawdown Average peak-to-trough decline	-35.58%	-4.25%	-31.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.30%	0.68%	+18.62%

Volatility

SVR-C.TO vs. XDIV.TO - Volatility Comparison

iShares Silver Bullion ETF (Non-Hedged) (SVR-C.TO) has a higher volatility of 16.01% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that SVR-C.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

	SVR-C.TO	XDIV.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.01%	2.81%	+13.20%
Volatility (6M) Calculated over the trailing 6-month period	55.45%	6.37%	+49.08%
Volatility (1Y) Calculated over the trailing 1-year period	56.72%	7.89%	+48.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.57%	10.53%	+26.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.57%	16.00%	+17.57%

SVR-C.TO vs. XDIV.TO - Expense Ratio Comparison

SVR-C.TO has a 0.66% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.

Dividends

SVR-C.TO vs. XDIV.TO - Dividend Comparison

SVR-C.TO has not paid dividends to shareholders, while XDIV.TO's dividend yield for the trailing twelve months is around 3.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVR-C.TO iShares Silver Bullion ETF (Non-Hedged)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	3.26%	3.81%	4.29%	4.20%	3.95%	3.58%	4.58%	4.02%	4.85%	1.82%

Frequently Asked Questions

Can I hold both SVR-C.TO and XDIV.TO in my portfolio?

SVR-C.TO and XDIV.TO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SVR-C.TO 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, SVR-C.TO or XDIV.TO?

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.66% for SVR-C.TO.

What is the main difference between SVR-C.TO and XDIV.TO?

SVR-C.TO is categorized as Silver, while XDIV.TO is Dividend. SVR-C.TO tracks LBMA Silver Price, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.66% for SVR-C.TO and 0.11% for XDIV.TO.