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

VDU.TO vs. XDIV.TO

Last updated Jun 5, 2026

VDU.TO (Vanguard FTSE Developed All Cap ex U.S. Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - VDU.TO is a Global Equities fund tracking the FTSE Developed All Cap ex US Index, 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, VDU.TO returned 12.05%/yr vs 16.63%/yr for XDIV.TO. A 0.61 correlation means they provide meaningful diversification when combined. VDU.TO charges 0.22%/yr vs 0.11%/yr for XDIV.TO.

Performance

VDU.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.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

In the year-to-date period, VDU.TO achieves a 16.55% return, which is significantly lower than XDIV.TO's 20.26% return.

VDU.TO

1D
0.29%
1M
6.07%
YTD
16.55%
6M
17.23%
1Y
33.32%
3Y*
20.65%
5Y*
12.05%
10Y*
10.31%

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)

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

2026 (YTD)202520242023202220212020201920182017
VDU.TO
Vanguard FTSE Developed All Cap ex U.S. Index ETF		16.55%27.97%11.37%14.56%-9.89%10.23%7.06%15.90%-8.11%4.82%
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 VDU.TO and XDIV.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Jun 16, 2017

0.61

The correlation between VDU.TO and XDIV.TO shifts across timeframes, from 0.42 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.

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

Sectors
VDU.TO
XDIV.TO

Financial Services

23.3%
46.7%

Industrials

19.2%

-

Technology

13.8%
1.3%

Healthcare

8.2%

-

Basic Materials

7.5%

-

Consumer Cyclical

7.5%
11.5%

Consumer Defensive

5.6%

-

Energy

5.4%
28.8%

Communication Services

3.4%
0.4%

Utilities

3.3%
11.3%

Real Estate

2.7%

-

Financial Services

VDU.TO
23.3%
XDIV.TO
46.7%

Industrials

VDU.TO
19.2%
XDIV.TO

-

Technology

VDU.TO
13.8%
XDIV.TO
1.3%

Healthcare

VDU.TO
8.2%
XDIV.TO

-

Basic Materials

VDU.TO
7.5%
XDIV.TO

-

Consumer Cyclical

VDU.TO
7.5%
XDIV.TO
11.5%

Consumer Defensive

VDU.TO
5.6%
XDIV.TO

-

Energy

VDU.TO
5.4%
XDIV.TO
28.8%

Communication Services

VDU.TO
3.4%
XDIV.TO
0.4%

Utilities

VDU.TO
3.3%
XDIV.TO
11.3%

Real Estate

VDU.TO
2.7%
XDIV.TO

-

Compare stocks, funds, or ETFs

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Vanguard FTSE Developed All Cap ex U.S. Index ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with VDU.TO:
VDU.TO vs. VIU.TOVDU.TO vs. VEF.TOVDU.TO vs. ZEA.TOVDU.TO vs. XEF.TOVDU.TO vs. VIDY.TOVDU.TO vs. VFV.TOVDU.TO vs. BANK.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDU.TO
VDU.TO Risk / Return Rank: 6868
Overall Rank
VDU.TO Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
VDU.TO Sortino Ratio Rank: 7070
Sortino Ratio Rank
VDU.TO Omega Ratio Rank: 7171
Omega Ratio Rank
VDU.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
VDU.TO Martin Ratio Rank: 6767
Martin Ratio Rank
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: 9898
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.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.

VDU.TOXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
2.28
5.17

-2.89

Sortino ratioReturn per unit of downside risk
3.14
7.63

-4.49

Omega ratioGain probability vs. loss probability

1.42

2.09

-0.67

Calmar ratioReturn relative to maximum drawdown

2.92

17.45

-14.53

Martin ratioReturn relative to average drawdown

12.07

59.31

-47.25

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

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

The current VDU.TO Sharpe Ratio is 2.28, which is lower than the XDIV.TO Sharpe Ratio of 5.17. The chart below compares the historical Sharpe Ratios of VDU.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.

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Sharpe Ratios by Period

VDU.TOXDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

5.17

-2.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

1.59

-0.69

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.82

-0.12

Drawdowns

VDU.TO vs. XDIV.TO - Drawdown Comparison

The maximum VDU.TO drawdown since its inception was -29.19%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for VDU.TO and XDIV.TO.

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Drawdown Indicators

VDU.TOXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.19%

-41.30%

+12.11%

Max Drawdown (1Y)

Largest decline over 1 year

-11.47%

-2.33%

-9.14%

Max Drawdown (3Y)

Largest decline over 3 years

-14.02%

-10.53%

-3.49%

Max Drawdown (5Y)

Largest decline over 5 years

-24.10%

-17.60%

-6.50%

Max Drawdown (10Y)

Largest decline over 10 years

-29.19%

—

—

Current Drawdown

Current decline from peak

-0.16%

0.00%

-0.16%

Average Drawdown

Average peak-to-trough decline

-4.66%

-4.25%

-0.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.77%

0.68%

+2.09%

Volatility

VDU.TO vs. XDIV.TO - Volatility Comparison

Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.TO) has a higher volatility of 5.02% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that VDU.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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Volatility by Period

VDU.TOXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.02%

2.81%

+2.21%

Volatility (6M)

Calculated over the trailing 6-month period

12.47%

6.37%

+6.10%

Volatility (1Y)

Calculated over the trailing 1-year period

14.66%

7.89%

+6.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.50%

10.53%

+2.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.75%

16.00%

-1.25%

VDU.TO vs. XDIV.TO - Expense Ratio Comparison

VDU.TO has a 0.22% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VDU.TO vs. XDIV.TO - Dividend Comparison

VDU.TO's dividend yield for the trailing twelve months is around 2.09%, less than XDIV.TO's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
VDU.TO
Vanguard FTSE Developed All Cap ex U.S. Index ETF		2.09%2.61%2.55%2.54%2.14%2.67%1.64%2.48%2.61%2.26%2.41%2.25%
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%0.00%0.00%

Frequently Asked Questions

VDU.TO and XDIV.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.22% for VDU.TO.

VDU.TO is categorized as Global Equities, while XDIV.TO is Dividend. VDU.TO tracks FTSE Developed All Cap ex US Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VDU.TO and 0.11% for XDIV.TO.

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