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VGH.TO vs. PDIV.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VGH.TO vs. PDIV.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.TO).

VGH.TO and PDIV.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGH.TO is a passively managed fund by Vanguard that tracks the performance of the S&P U.S. Dividend Growers Index (CAD-hedged). It was launched on Aug 2, 2013. PDIV.TO is an actively managed fund by Purpose Investments. It was launched on Jan 2, 2018.

Performance

VGH.TO vs. PDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.TO). The values are adjusted to include any dividend payments, if applicable.

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VGH.TO vs. PDIV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VGH.TO
Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged		-2.43%11.44%15.35%12.77%-11.08%22.47%12.97%27.74%-4.59%21.46%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		1.14%15.82%10.71%4.64%-4.40%20.18%-1.15%23.57%-15.24%26.84%

Returns By Period

In the year-to-date period, VGH.TO achieves a -2.43% return, which is significantly lower than PDIV.TO's 1.14% return. Over the past 10 years, VGH.TO has outperformed PDIV.TO with an annualized return of 10.49%, while PDIV.TO has yielded a comparatively lower 8.91% annualized return.

VGH.TO

1D
2.09%
1M
-5.71%
YTD
-2.43%
6M
-0.82%
1Y
10.01%
3Y*
11.62%
5Y*
7.95%
10Y*
10.49%

PDIV.TO

1D
1.48%
1M
-3.00%
YTD
1.14%
6M
5.00%
1Y
13.80%
3Y*
9.78%
5Y*
7.84%
10Y*
8.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged

Purpose Enhanced Dividend Fund ETF

Often compared with VGH.TO:
VGH.TO vs. VDY.TOVGH.TO vs. TQCD.TOVGH.TO vs. SCHDVGH.TO vs. VGG.TOVGH.TO vs. VCN.TOVGH.TO vs. VBAL.TOVGH.TO vs. VEQT.TO
Often compared with PDIV.TO:
PDIV.TO vs. HDIV.TOPDIV.TO vs. SPYIPDIV.TO vs. HYLD.TOPDIV.TO vs. BMAXPDIV.TO vs. PMIF.TOPDIV.TO vs. DGSPDIV.TO vs. USCL.TO

VGH.TO vs. PDIV.TO - Expense Ratio Comparison

VGH.TO has a 0.31% expense ratio, which is lower than PDIV.TO's 0.77% expense ratio.

PDIV.TO
Purpose Enhanced Dividend Fund ETF
VGH.TO
Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged

Return for Risk

VGH.TO vs. PDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VGH.TO
VGH.TO Risk / Return Rank: 3838
Overall Rank
VGH.TO Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
VGH.TO Sortino Ratio Rank: 3636
Sortino Ratio Rank
VGH.TO Omega Ratio Rank: 3636
Omega Ratio Rank
VGH.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
VGH.TO Martin Ratio Rank: 4646
Martin Ratio Rank
PDIV.TO
PDIV.TO Risk / Return Rank: 7878
Overall Rank
PDIV.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
PDIV.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
PDIV.TO Omega Ratio Rank: 8484
Omega Ratio Rank
PDIV.TO Calmar Ratio Rank: 6868
Calmar Ratio Rank
PDIV.TO Martin Ratio Rank: 8181
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.

VGH.TO vs. PDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.TO) and Purpose Enhanced Dividend Fund ETF (PDIV.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.

VGH.TOPDIV.TODifference

Sharpe ratio

Return per unit of total volatility

0.66

1.45

-0.79

Sortino ratio

Return per unit of downside risk

1.04

1.99

-0.95

Omega ratio

Gain probability vs. loss probability

1.15

1.33

-0.19

Calmar ratio

Return relative to maximum drawdown

1.03

1.74

-0.71

Martin ratio

Return relative to average drawdown

4.45

8.94

-4.49

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGH.TO vs. PDIV.TO - Sharpe Ratio Comparison

The current VGH.TO Sharpe Ratio is 0.66, which is lower than the PDIV.TO Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of VGH.TO and PDIV.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VGH.TOPDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.66

1.45

-0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.80

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.64

+0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.59

+0.08

Correlation

The correlation between VGH.TO and PDIV.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VGH.TO vs. PDIV.TO - Dividend Comparison

VGH.TO's dividend yield for the trailing twelve months is around 1.14%, less than PDIV.TO's 12.30% yield.

TTM20252024202320222021202020192018201720162015
VGH.TO
Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged		1.14%1.15%1.28%1.34%1.39%1.22%1.21%1.23%1.58%1.39%1.63%1.81%
PDIV.TO
Purpose Enhanced Dividend Fund ETF		12.30%12.24%12.35%11.84%6.38%5.59%6.33%5.85%6.80%25.71%5.38%8.10%

Drawdowns

VGH.TO vs. PDIV.TO - Drawdown Comparison

The maximum VGH.TO drawdown since its inception was -32.82%, which is greater than PDIV.TO's maximum drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for VGH.TO and PDIV.TO.

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Drawdown Indicators

VGH.TOPDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.82%

-30.64%

-2.18%

Max Drawdown (1Y)

Largest decline over 1 year

-10.73%

-8.36%

-2.37%

Max Drawdown (5Y)

Largest decline over 5 years

-21.34%

-14.96%

-6.38%

Max Drawdown (10Y)

Largest decline over 10 years

-32.82%

-30.64%

-2.18%

Current Drawdown

Current decline from peak

-6.50%

-3.25%

-3.25%

Average Drawdown

Average peak-to-trough decline

-3.70%

-4.40%

+0.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

1.63%

+0.85%

Volatility

VGH.TO vs. PDIV.TO - Volatility Comparison

Vanguard U.S. Dividend Appreciation Index ETF CAD-Hedged (VGH.TO) has a higher volatility of 4.08% compared to Purpose Enhanced Dividend Fund ETF (PDIV.TO) at 3.48%. This indicates that VGH.TO's price experiences larger fluctuations and is considered to be riskier than PDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VGH.TOPDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.08%

3.48%

+0.60%

Volatility (6M)

Calculated over the trailing 6-month period

8.11%

5.58%

+2.53%

Volatility (1Y)

Calculated over the trailing 1-year period

15.28%

9.56%

+5.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.23%

9.89%

+4.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.75%

13.96%

+1.79%