VDY.TO vs. XFR.TO
VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, VDY.TO returned 14.02%/yr vs 2.24%/yr for XFR.TO. At a 0.02 correlation, their price movements are largely independent. VDY.TO charges 0.22%/yr vs 0.14%/yr for XFR.TO.
Performance
VDY.TO vs. XFR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VDY.TO achieves a 20.59% return, which is significantly higher than XFR.TO's 1.00% return. Over the past 10 years, VDY.TO has outperformed XFR.TO with an annualized return of 14.02%, while XFR.TO has yielded a comparatively lower 2.24% annualized return.
VDY.TO
- 1D
- -0.07%
- 1M
- 4.52%
- YTD
- 20.59%
- 6M
- 22.32%
- 1Y
- 46.18%
- 3Y*
- 26.00%
- 5Y*
- 17.21%
- 10Y*
- 14.02%
XFR.TO
- 1D
- -0.05%
- 1M
- 0.21%
- YTD
- 1.00%
- 6M
- 1.33%
- 1Y
- 2.96%
- 3Y*
- 3.98%
- 5Y*
- 3.20%
- 10Y*
- 2.24%
VDY.TO vs. XFR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 20.59% | 29.20% | 20.71% | 8.40% | -0.23% | 36.78% | -1.37% | 21.43% | -10.09% | 8.75% |
XFR.TO iShares Floating Rate Index ETF | 1.00% | 3.33% | 4.57% | 5.29% | 1.82% | 0.15% | 0.98% | 2.23% | 1.16% | 1.46% |
Correlation
The correlation between VDY.TO and XFR.TO is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2012 | 0.02 |
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Return for Risk
VDY.TO vs. XFR.TO — Risk / Return Rank
VDY.TO
XFR.TO
VDY.TO vs. XFR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) and iShares Floating Rate Index ETF (XFR.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.
| VDY.TO | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 2.14 | 1.96 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 14.88 | 29.79 | -14.91 |
| Martin ratioReturn relative to average drawdown | 60.75 | 88.61 | -27.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VDY.TO | XFR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.65 | 4.12 | +1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.50 | 3.92 | -2.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 1.22 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.19 | -0.34 |
Drawdowns
VDY.TO vs. XFR.TO - Drawdown Comparison
The maximum VDY.TO drawdown since its inception was -39.21%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for VDY.TO and XFR.TO.
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Drawdown Indicators
| VDY.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.21% | -4.12% | -35.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -0.10% | -3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -0.30% | -10.57% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -0.30% | -15.88% |
Max Drawdown (10Y)Largest decline over 10 years | -39.21% | -4.12% | -35.09% |
Current DrawdownCurrent decline from peak | -0.77% | -0.05% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -0.06% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 0.03% | +0.73% |
Volatility
VDY.TO vs. XFR.TO - Volatility Comparison
Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a higher volatility of 3.31% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.18%. This indicates that VDY.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDY.TO | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 0.18% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 6.87% | 0.48% | +6.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 0.72% | +7.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.56% | 0.82% | +10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 1.85% | +14.11% |
VDY.TO vs. XFR.TO - Expense Ratio Comparison
VDY.TO has a 0.22% expense ratio, which is higher than XFR.TO's 0.14% 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
VDY.TO vs. XFR.TO - Dividend Comparison
VDY.TO's dividend yield for the trailing twelve months is around 2.90%, more than XFR.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 2.90% | 3.59% | 4.40% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% |
Frequently Asked Questions
VDY.TO and XFR.TO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.22% for VDY.TO.
VDY.TO is categorized as Dividend, while XFR.TO is Canadian Government Bonds. VDY.TO tracks FTSE Canada High Dividend Yield Index, while XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VDY.TO and 0.14% for XFR.TO.
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