VGG.TO vs. XDIV.TO
VGG.TO (Vanguard U.S. Dividend Appreciation Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both Dividend funds - VGG.TO tracks the S&P U.S. Dividend Growers Index while XDIV.TO tracks the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, VGG.TO returned 13.16%/yr vs 16.42%/yr for XDIV.TO. A 0.52 correlation means they provide meaningful diversification when combined. VGG.TO charges 0.30%/yr vs 0.11%/yr for XDIV.TO.
Performance
VGG.TO vs. XDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, VGG.TO achieves a 8.57% return, which is significantly lower than XDIV.TO's 19.17% return.
VGG.TO
- 1D
- 0.23%
- 1M
- 6.00%
- YTD
- 8.57%
- 6M
- 6.30%
- 1Y
- 20.66%
- 3Y*
- 17.22%
- 5Y*
- 13.16%
- 10Y*
- 13.46%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
VGG.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF | 8.57% | 8.61% | 26.49% | 11.58% | -4.21% | 22.23% | 12.67% | 23.32% | 5.20% | 3.88% |
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 VGG.TO and XDIV.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.52 |
The correlation between VGG.TO and XDIV.TO has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
VGG.TO vs. XDIV.TO - Sectors Allocation Comparison
Sectors
VGG.TO
XDIV.TO
Technology
Financial Services
Healthcare
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Industrials
-
Consumer Defensive
-
Consumer Cyclical
Energy
Basic Materials
-
Utilities
Communication Services
Real Estate
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-
Technology
VGG.TO
XDIV.TO
Financial Services
VGG.TO
XDIV.TO
Healthcare
VGG.TO
XDIV.TO
-
Industrials
VGG.TO
XDIV.TO
-
Consumer Defensive
VGG.TO
XDIV.TO
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Consumer Cyclical
VGG.TO
XDIV.TO
Energy
VGG.TO
XDIV.TO
Basic Materials
VGG.TO
XDIV.TO
-
Utilities
VGG.TO
XDIV.TO
Communication Services
VGG.TO
XDIV.TO
Real Estate
VGG.TO
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XDIV.TO
-
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Return for Risk
VGG.TO vs. XDIV.TO — Risk / Return Rank
VGG.TO
XDIV.TO
VGG.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Dividend Appreciation Index ETF (VGG.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.
| VGG.TO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -4.36 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.03 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 16.64 | -13.70 |
| Martin ratioReturn relative to average drawdown | 10.93 | 56.55 | -45.61 |
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
| VGG.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 4.94 | -2.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 1.57 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.81 | +0.17 |
Drawdowns
VGG.TO vs. XDIV.TO - Drawdown Comparison
The maximum VGG.TO drawdown since its inception was -24.58%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for VGG.TO and XDIV.TO.
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Drawdown Indicators
| VGG.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.58% | -41.30% | +16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.07% | -2.33% | -4.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -10.53% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -17.60% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -24.58% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.09% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -2.93% | -4.25% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 0.69% | +1.20% |
Volatility
VGG.TO vs. XDIV.TO - Volatility Comparison
The current volatility for Vanguard U.S. Dividend Appreciation Index ETF (VGG.TO) is 2.59%, while iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) has a volatility of 2.81%. This indicates that VGG.TO experiences smaller price fluctuations and is considered to be less risky 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
| VGG.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 2.81% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 6.36% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 7.85% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.63% | 10.53% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 16.01% | -1.04% |
VGG.TO vs. XDIV.TO - Expense Ratio Comparison
VGG.TO has a 0.30% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.
Dividends
VGG.TO vs. XDIV.TO - Dividend Comparison
VGG.TO's dividend yield for the trailing twelve months is around 1.02%, less than XDIV.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGG.TO Vanguard U.S. Dividend Appreciation Index ETF | 1.02% | 1.16% | 1.23% | 1.37% | 1.35% | 1.21% | 1.25% | 1.24% | 1.50% | 1.46% | 1.63% | 1.70% |
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
VGG.TO and XDIV.TO have a correlation of 0.48, 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 0.30% for VGG.TO.
VGG.TO tracks S&P U.S. Dividend Growers 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: 0.30% for VGG.TO and 0.11% for XDIV.TO.
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