VE.TO vs. XDIV.TO
VE.TO (Vanguard FTSE Developed Europe All Cap Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - VE.TO is a Europe Equities fund tracking the FTSE Developed Europe All Cap 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, VE.TO returned 11.07%/yr vs 16.42%/yr for XDIV.TO. A 0.56 correlation means they provide meaningful diversification when combined. VE.TO charges 0.22%/yr vs 0.11%/yr for XDIV.TO.
Performance
VE.TO vs. XDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VE.TO achieves a 6.65% return, which is significantly lower than XDIV.TO's 19.17% return.
VE.TO
- 1D
- -0.65%
- 1M
- 4.95%
- YTD
- 6.65%
- 6M
- 8.13%
- 1Y
- 18.98%
- 3Y*
- 17.46%
- 5Y*
- 11.07%
- 10Y*
- 9.78%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
VE.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VE.TO Vanguard FTSE Developed Europe All Cap Index ETF | 6.65% | 29.58% | 10.77% | 16.67% | -10.07% | 15.65% | 3.00% | 18.14% | -7.96% | 4.04% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Correlation
The correlation between VE.TO and XDIV.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.56 |
The correlation between VE.TO and XDIV.TO shifts across timeframes, from 0.38 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
VE.TO vs. XDIV.TO - Sectors Allocation Comparison
Sectors
VE.TO
XDIV.TO
Financial Services
Industrials
-
Healthcare
-
Consumer Defensive
-
Technology
Consumer Cyclical
Basic Materials
-
Energy
Utilities
Communication Services
Real Estate
-
Financial Services
VE.TO
XDIV.TO
Industrials
VE.TO
XDIV.TO
-
Healthcare
VE.TO
XDIV.TO
-
Consumer Defensive
VE.TO
XDIV.TO
-
Technology
VE.TO
XDIV.TO
Consumer Cyclical
VE.TO
XDIV.TO
Basic Materials
VE.TO
XDIV.TO
-
Energy
VE.TO
XDIV.TO
Utilities
VE.TO
XDIV.TO
Communication Services
VE.TO
XDIV.TO
Real Estate
VE.TO
XDIV.TO
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Return for Risk
VE.TO vs. XDIV.TO — Risk / Return Rank
VE.TO
XDIV.TO
VE.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe All Cap Index ETF (VE.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.
| VE.TO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.66 | ||
| Sortino ratioReturn per unit of downside risk | -5.40 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 2.03 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 16.64 | -15.14 |
| Martin ratioReturn relative to average drawdown | 5.84 | 56.55 | -50.70 |
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
| VE.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 4.94 | -3.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 1.57 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.81 | -0.27 |
Drawdowns
VE.TO vs. XDIV.TO - Drawdown Comparison
The maximum VE.TO drawdown since its inception was -31.66%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for VE.TO and XDIV.TO.
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Drawdown Indicators
| VE.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.66% | -41.30% | +9.64% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -2.33% | -10.35% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -10.53% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -27.26% | -17.60% | -9.66% |
Max Drawdown (10Y)Largest decline over 10 years | -31.66% | — | — |
Current DrawdownCurrent decline from peak | -2.80% | -0.09% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -4.25% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 0.69% | +2.57% |
Volatility
VE.TO vs. XDIV.TO - Volatility Comparison
Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO) has a higher volatility of 6.11% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that VE.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
| VE.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 2.81% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 6.36% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 7.85% | +7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 10.53% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 16.01% | +0.19% |
VE.TO vs. XDIV.TO - Expense Ratio Comparison
VE.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
VE.TO vs. XDIV.TO - Dividend Comparison
VE.TO's dividend yield for the trailing twelve months is around 2.42%, less than XDIV.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VE.TO Vanguard FTSE Developed Europe All Cap Index ETF | 2.42% | 2.58% | 2.97% | 2.97% | 3.20% | 2.97% | 2.41% | 3.79% | 3.57% | 2.22% | 2.33% | 2.47% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 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
VE.TO and XDIV.TO have a correlation of 0.38, 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 VE.TO.
VE.TO is categorized as Europe Equities, while XDIV.TO is Dividend. VE.TO tracks FTSE Developed Europe All Cap 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 VE.TO and 0.11% for XDIV.TO.
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