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UMVP.TO vs. XDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UMVP.TO vs. XDIV.TO

Last updated Jul 15, 2026
Documentation

UMVP.TO (Hamilton Champions Utilities Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - UMVP.TO is a Utilities Equities fund tracking the Solactive Canadian Utility Services High Dividend Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. At a 0.29 correlation, their price movements are largely independent.

Performance

UMVP.TO vs. XDIV.TO - Performance Comparison

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

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Returns By Period

UMVP.TO

1D
-0.11%
1M
-2.58%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

XDIV.TO

1D
0.09%
1M
2.76%
6M
23.97%
YTD
25.21%
1Y
42.45%
3Y*
25.20%
5Y*
18.05%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)
UMVP.TO
Hamilton Champions Utilities Index ETF		13.06%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		23.93%

Correlation

The correlation between UMVP.TO and XDIV.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jan 21, 2026

0.29

UMVP.TO vs. XDIV.TO - Sectors Allocation Comparison

Sectors
UMVP.TO
XDIV.TO

Utilities

41.5%
9.7%

Energy

35.9%
29.5%

Communication Services

22.5%
2.8%

Basic Materials

-

-

Consumer Cyclical

-

9.4%

Consumer Defensive

-

-

Financial Services

-

46.4%

Healthcare

-

-

Industrials

-

2.3%

Real Estate

-

-

Technology

-

1.3%

Utilities

UMVP.TO
41.5%
XDIV.TO
9.7%

Energy

UMVP.TO
35.9%
XDIV.TO
29.5%

Communication Services

UMVP.TO
22.5%
XDIV.TO
2.8%

Basic Materials

UMVP.TO

-

XDIV.TO

-

Consumer Cyclical

UMVP.TO

-

XDIV.TO
9.4%

Consumer Defensive

UMVP.TO

-

XDIV.TO

-

Financial Services

UMVP.TO

-

XDIV.TO
46.4%

Healthcare

UMVP.TO

-

XDIV.TO

-

Industrials

UMVP.TO

-

XDIV.TO
2.3%

Real Estate

UMVP.TO

-

XDIV.TO

-

Technology

UMVP.TO

-

XDIV.TO
1.3%

Compare stocks, funds, or ETFs

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Hamilton Champions Utilities Index ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with UMVP.TO:
UMVP.TO vs. UTIL.TOUMVP.TO vs. FMAX.TOUMVP.TO vs. HBA.TOUMVP.TO vs. HYLD-U.TOUMVP.TO vs. ZUT.TOUMVP.TO vs. LMAX.TOUMVP.TO vs. HEB.TO
Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO

Return for Risk

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

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
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.

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

This table presents a comparison of risk-adjusted performance metrics for Hamilton Champions Utilities Index ETF (UMVP.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

UMVP.TOXDIV.TODifference
Sharpe ratioReturn per unit of total volatility

—

5.02

—

Sortino ratioReturn per unit of downside risk

—

7.21

—

Omega ratioGain probability vs. loss probability

—

2.05

—

Calmar ratioReturn relative to maximum drawdown

—

15.36

—

Martin ratioReturn relative to average drawdown

—

50.00

—

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

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Drawdowns

UMVP.TO vs. XDIV.TO - Drawdown Comparison

The maximum UMVP.TO drawdown since its inception was -4.86%, smaller than the maximum XDIV.TO drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for UMVP.TO and XDIV.TO.

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Drawdown Indicators

UMVP.TOXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-4.86%

-41.29%

+36.43%

Max Drawdown (1Y)

Largest decline over 1 year

—

-2.78%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-10.53%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.33%

—

Current Drawdown

Current decline from peak

-2.95%

0.00%

-2.95%

Average Drawdown

Average peak-to-trough decline

-1.06%

-4.36%

+3.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.85%

—

Volatility

UMVP.TO vs. XDIV.TO - Volatility Comparison

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Volatility by Period

UMVP.TOXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.34%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

6.62%

—

Volatility (1Y)

Calculated over the trailing 1-year period

9.75%

8.50%

+1.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.75%

10.56%

-0.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.75%

16.29%

-6.54%

Dividends

UMVP.TO vs. XDIV.TO - Dividend Comparison

UMVP.TO's dividend yield for the trailing twelve months is around 1.84%, less than XDIV.TO's 3.17% yield.

PositionTTM202520242023202220212020201920182017
UMVP.TO
Hamilton Champions Utilities Index ETF		1.84%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		3.17%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%

Frequently Asked Questions

UMVP.TO and XDIV.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UMVP.TO is categorized as Utilities Equities, while XDIV.TO is Dividend. UMVP.TO tracks Solactive Canadian Utility Services High Dividend Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. They also come from different issuers: Hamilton and iShares.

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