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

VEE.TO vs. XDIV.TO

Last updated Jul 18, 2026
Documentation

VEE.TO (Vanguard FTSE Emerging Markets All Cap Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - VEE.TO is a Emerging Markets Equities fund tracking the FTSE Emerging Markets All Cap China A Inclusion 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, VEE.TO returned 6.59%/yr vs 18.66%/yr for XDIV.TO. At a 0.38 correlation, their price movements are largely independent. VEE.TO charges 0.25%/yr vs 0.11%/yr for XDIV.TO.

Performance

VEE.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.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, VEE.TO achieves a 9.78% return, which is significantly lower than XDIV.TO's 27.54% return.

VEE.TO

1D
-1.87%
1M
-3.90%
6M
4.04%
YTD
9.78%
1Y
18.96%
3Y*
16.61%
5Y*
6.59%
10Y*
7.94%

XDIV.TO

1D
0.09%
1M
5.19%
6M
24.92%
YTD
27.54%
1Y
45.01%
3Y*
25.78%
5Y*
18.66%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
VEE.TO
Vanguard FTSE Emerging Markets All Cap Index ETF		9.78%19.32%19.06%6.24%-12.79%0.06%12.32%14.32%-7.93%8.15%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		27.54%25.04%19.84%11.95%0.49%33.31%-7.53%25.14%-9.81%8.00%

Correlation

The correlation between VEE.TO and XDIV.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

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

0.35

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

0.33

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2017

0.38

The correlation between VEE.TO and XDIV.TO shifts across timeframes, from 0.25 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

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

Sectors
VEE.TO
XDIV.TO

Technology

33.0%
1.3%

Financial Services

17.6%
46.4%

Consumer Cyclical

9.1%
9.4%

Basic Materials

7.5%

-

Industrials

7.4%
2.3%

Communication Services

6.1%
2.8%

Energy

3.8%
29.5%

Healthcare

3.6%

-

Consumer Defensive

3.4%

-

Utilities

2.5%
9.7%

Real Estate

1.8%

-

Technology

VEE.TO
33.0%
XDIV.TO
1.3%

Financial Services

VEE.TO
17.6%
XDIV.TO
46.4%

Consumer Cyclical

VEE.TO
9.1%
XDIV.TO
9.4%

Basic Materials

VEE.TO
7.5%
XDIV.TO

-

Industrials

VEE.TO
7.4%
XDIV.TO
2.3%

Communication Services

VEE.TO
6.1%
XDIV.TO
2.8%

Energy

VEE.TO
3.8%
XDIV.TO
29.5%

Healthcare

VEE.TO
3.6%
XDIV.TO

-

Consumer Defensive

VEE.TO
3.4%
XDIV.TO

-

Utilities

VEE.TO
2.5%
XDIV.TO
9.7%

Real Estate

VEE.TO
1.8%
XDIV.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE Emerging Markets All Cap Index ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with VEE.TO:
VEE.TO vs. XEC.TOVEE.TO vs. ZEM.TOVEE.TO vs. VFV.TOVEE.TO vs. XEQT.TOVEE.TO vs. VIDY.TOVEE.TO vs. VOOVEE.TO vs. VXUS
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEE.TO
VEE.TO Risk / Return Rank: 4141
Overall Rank
VEE.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
VEE.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
VEE.TO Omega Ratio Rank: 3939
Omega Ratio Rank
VEE.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
VEE.TO Martin Ratio Rank: 4646
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9999
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.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.

VEE.TOXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
1.13
5.30

-4.17

Sortino ratioReturn per unit of downside risk
1.64
7.60

-5.95

Omega ratioGain probability vs. loss probability

1.21

2.11

-0.90

Calmar ratioReturn relative to maximum drawdown

1.77

16.28

-14.51

Martin ratioReturn relative to average drawdown

6.04

53.00

-46.97

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

The current VEE.TO Sharpe Ratio is 1.13, which is lower than the XDIV.TO Sharpe Ratio of 5.30. The chart below compares the historical Sharpe Ratios of VEE.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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Drawdowns

VEE.TO vs. XDIV.TO - Drawdown Comparison

The maximum VEE.TO drawdown since its inception was -29.84%, smaller than the maximum XDIV.TO drawdown of -41.29%. Use the drawdown chart below to compare losses from any high point for VEE.TO and XDIV.TO.

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Drawdown Indicators

VEE.TOXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.84%

-41.29%

+11.45%

Max Drawdown (1Y)

Largest decline over 1 year

-10.74%

-2.78%

-7.96%

Max Drawdown (3Y)

Largest decline over 3 years

-14.97%

-10.53%

-4.44%

Max Drawdown (5Y)

Largest decline over 5 years

-25.82%

-17.33%

-8.49%

Max Drawdown (10Y)

Largest decline over 10 years

-29.84%

—

—

Current Drawdown

Current decline from peak

-6.54%

0.00%

-6.54%

Average Drawdown

Average peak-to-trough decline

-8.68%

-4.36%

-4.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

0.85%

+2.30%

Volatility

VEE.TO vs. XDIV.TO - Volatility Comparison

Vanguard FTSE Emerging Markets All Cap Index ETF (VEE.TO) has a higher volatility of 6.16% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.08%. This indicates that VEE.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

VEE.TOXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.16%

2.08%

+4.08%

Volatility (6M)

Calculated over the trailing 6-month period

14.75%

6.68%

+8.07%

Volatility (1Y)

Calculated over the trailing 1-year period

16.93%

8.54%

+8.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.61%

10.56%

+5.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.01%

16.29%

+0.72%

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

VEE.TO has a 0.25% 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

VEE.TO vs. XDIV.TO - Dividend Comparison

VEE.TO's dividend yield for the trailing twelve months is around 1.89%, less than XDIV.TO's 3.11% yield.

PositionTTM20252024202320222021202020192018201720162015
VEE.TO
Vanguard FTSE Emerging Markets All Cap Index ETF		1.89%2.26%2.45%2.83%3.35%2.18%1.62%2.71%2.24%1.93%2.01%2.53%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.11%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%0.00%0.00%

Frequently Asked Questions

VEE.TO and XDIV.TO have a correlation of 0.25, 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 0.25% for VEE.TO.

VEE.TO is categorized as Emerging Markets Equities, while XDIV.TO is Dividend. VEE.TO tracks FTSE Emerging Markets All Cap China A Inclusion 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: 0.25% for VEE.TO and 0.11% for XDIV.TO.

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