VDY.TO vs. XEI.TO
Compare and contrast key facts about Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO).
VDY.TO and XEI.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011. Both VDY.TO and XEI.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VDY.TO or XEI.TO.
Key characteristics
| VDY.TO | XEI.TO | |
|---|---|---|
| YTD Return | 7.18% | 6.32% |
| 1Y Return | 12.88% | 8.72% |
| 3Y Return (Ann) | 9.05% | 8.28% |
| 5Y Return (Ann) | 10.41% | 9.10% |
| 10Y Return (Ann) | 8.01% | 6.62% |
| Sharpe Ratio | 1.20 | 0.78 |
| Daily Std Dev | 11.14% | 11.59% |
| Max Drawdown | -39.21% | -45.51% |
| Current Drawdown | 0.00% | -0.38% |
Correlation
The correlation between VDY.TO and XEI.TO is 0.95, 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.
Performance
VDY.TO vs. XEI.TO - Performance Comparison
In the year-to-date period, VDY.TO achieves a 7.18% return, which is significantly higher than XEI.TO's 6.32% return. Over the past 10 years, VDY.TO has outperformed XEI.TO with an annualized return of 8.01%, while XEI.TO has yielded a comparatively lower 6.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VDY.TO vs. XEI.TO - Expense Ratio Comparison
Both VDY.TO and XEI.TO have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VDY.TO vs. XEI.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.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.
Dividends
VDY.TO vs. XEI.TO - Dividend Comparison
VDY.TO's dividend yield for the trailing twelve months is around 4.54%, less than XEI.TO's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.54% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% | 3.25% | 2.50% |
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 5.15% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% | 7.94% | 4.43% |
Drawdowns
VDY.TO vs. XEI.TO - Drawdown Comparison
The maximum VDY.TO drawdown since its inception was -39.21%, smaller than the maximum XEI.TO drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for VDY.TO and XEI.TO. For additional features, visit the drawdowns tool.
Volatility
VDY.TO vs. XEI.TO - Volatility Comparison
Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) have volatilities of 2.68% and 2.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.