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VVO.TO vs. XDGH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VVO.TO vs. XDGH.TO

Last updated Jun 5, 2026

VVO.TO (Vanguard Global Minimum Volatility ETF) and XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) are both Global Equities funds - VVO.TO tracks the FTSE Global All Cap Index while XDGH.TO tracks the Morningstar Gbl GR CAD. Both are passively managed. Over the past 5 years, VVO.TO returned 6.64%/yr vs 8.24%/yr for XDGH.TO. A 0.53 correlation means they provide meaningful diversification when combined. VVO.TO charges 0.39%/yr vs 0.22%/yr for XDGH.TO.

Performance

VVO.TO vs. XDGH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Minimum Volatility ETF (VVO.TO) and iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.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, VVO.TO achieves a 6.35% return, which is significantly lower than XDGH.TO's 7.78% return.

VVO.TO

1D
0.72%
1M
1.33%
YTD
6.35%
6M
7.25%
1Y
10.04%
3Y*
11.66%
5Y*
6.64%
10Y*
—

XDGH.TO

1D
0.58%
1M
1.83%
YTD
7.78%
6M
9.10%
1Y
18.19%
3Y*
13.27%
5Y*
8.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VVO.TO vs. XDGH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VVO.TO
Vanguard Global Minimum Volatility ETF		6.35%9.74%13.56%4.87%-5.18%10.43%-2.48%19.40%-2.10%3.17%
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)		7.78%14.60%10.46%8.74%-1.32%15.60%-4.34%22.32%-4.99%2.63%

Correlation

The correlation between VVO.TO and XDGH.TO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.55

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

0.50

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

0.53

Correlation (All Time)
Calculated using the full available price history since Oct 4, 2017

0.53

The correlation between VVO.TO and XDGH.TO has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

VVO.TO vs. XDGH.TO - Sectors Allocation Comparison

Sectors
VVO.TO
XDGH.TO

Technology

19.8%
9.6%

Healthcare

13.0%
16.9%

Financial Services

12.4%
13.2%

Communication Services

11.5%
3.3%

Industrials

10.5%
12.6%

Consumer Defensive

9.6%
14.8%

Utilities

7.4%
5.6%

Consumer Cyclical

6.6%
9.4%

Energy

5.3%
10.3%

Real Estate

3.5%
0.2%

Basic Materials

0.5%
2.4%

Technology

VVO.TO
19.8%
XDGH.TO
9.6%

Healthcare

VVO.TO
13.0%
XDGH.TO
16.9%

Financial Services

VVO.TO
12.4%
XDGH.TO
13.2%

Communication Services

VVO.TO
11.5%
XDGH.TO
3.3%

Industrials

VVO.TO
10.5%
XDGH.TO
12.6%

Consumer Defensive

VVO.TO
9.6%
XDGH.TO
14.8%

Utilities

VVO.TO
7.4%
XDGH.TO
5.6%

Consumer Cyclical

VVO.TO
6.6%
XDGH.TO
9.4%

Energy

VVO.TO
5.3%
XDGH.TO
10.3%

Real Estate

VVO.TO
3.5%
XDGH.TO
0.2%

Basic Materials

VVO.TO
0.5%
XDGH.TO
2.4%

Compare stocks, funds, or ETFs

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

Vanguard Global Minimum Volatility ETF

iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)

Often compared with VVO.TO:
VVO.TO vs. CAGE.TOVVO.TO vs. XEQT.TOVVO.TO vs. TILV.TOVVO.TO vs. FLVI.NEOVVO.TO vs. FGEP.TOVVO.TO vs. VVL.TOVVO.TO vs. VMO.TO
Often compared with XDGH.TO:
XDGH.TO vs. XDG.TOXDGH.TO vs. XHD.TOXDGH.TO vs. XEQT.TOXDGH.TO vs. XDUH.TOXDGH.TO vs. VFV.TOXDGH.TO vs. VIDY.TOXDGH.TO vs. ACWV

Return for Risk

VVO.TO vs. XDGH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVO.TO
VVO.TO Risk / Return Rank: 3636
Overall Rank
VVO.TO Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
VVO.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
VVO.TO Omega Ratio Rank: 3838
Omega Ratio Rank
VVO.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
VVO.TO Martin Ratio Rank: 3838
Martin Ratio Rank
XDGH.TO
XDGH.TO Risk / Return Rank: 5656
Overall Rank
XDGH.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
XDGH.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
XDGH.TO Omega Ratio Rank: 5555
Omega Ratio Rank
XDGH.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
XDGH.TO Martin Ratio Rank: 5151
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.

VVO.TO vs. XDGH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility ETF (VVO.TO) and iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.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.

VVO.TOXDGH.TODifference
Sharpe ratioReturn per unit of total volatility
1.31
1.89

-0.58

Sortino ratioReturn per unit of downside risk
1.88
2.85

-0.97

Omega ratioGain probability vs. loss probability

1.25

1.34

-0.09

Calmar ratioReturn relative to maximum drawdown

1.56

2.86

-1.30

Martin ratioReturn relative to average drawdown

5.77

8.50

-2.73

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

VVO.TO vs. XDGH.TO - Sharpe Ratio Comparison

The current VVO.TO Sharpe Ratio is 1.31, which is lower than the XDGH.TO Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of VVO.TO and XDGH.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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Sharpe Ratios by Period

VVO.TOXDGH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.31

1.89

-0.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.68

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.54

+0.05

Drawdowns

VVO.TO vs. XDGH.TO - Drawdown Comparison

The maximum VVO.TO drawdown since its inception was -33.20%, roughly equal to the maximum XDGH.TO drawdown of -32.99%. Use the drawdown chart below to compare losses from any high point for VVO.TO and XDGH.TO.

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Drawdown Indicators

VVO.TOXDGH.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.20%

-32.99%

-0.21%

Max Drawdown (1Y)

Largest decline over 1 year

-6.47%

-6.38%

-0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-6.98%

-11.96%

+4.98%

Max Drawdown (5Y)

Largest decline over 5 years

-14.37%

-14.56%

+0.19%

Current Drawdown

Current decline from peak

-1.06%

-1.68%

+0.62%

Average Drawdown

Average peak-to-trough decline

-3.45%

-3.63%

+0.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

2.15%

-0.41%

Volatility

VVO.TO vs. XDGH.TO - Volatility Comparison

The current volatility for Vanguard Global Minimum Volatility ETF (VVO.TO) is 2.18%, while iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) has a volatility of 2.51%. This indicates that VVO.TO experiences smaller price fluctuations and is considered to be less risky than XDGH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VVO.TOXDGH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.18%

2.51%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

5.87%

6.86%

-0.99%

Volatility (1Y)

Calculated over the trailing 1-year period

7.68%

9.69%

-2.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.83%

12.13%

-2.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.09%

14.60%

-2.51%

VVO.TO vs. XDGH.TO - Expense Ratio Comparison

VVO.TO has a 0.39% expense ratio, which is higher than XDGH.TO's 0.22% expense ratio.

Dividends

VVO.TO vs. XDGH.TO - Dividend Comparison

VVO.TO's dividend yield for the trailing twelve months is around 2.00%, less than XDGH.TO's 2.79% yield.

PositionTTM2025202420232022202120202019201820172016
VVO.TO
Vanguard Global Minimum Volatility ETF		2.00%2.13%2.05%2.68%1.55%2.30%2.23%2.22%1.87%2.07%0.71%
XDGH.TO
iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)		2.79%2.81%3.04%3.41%3.18%3.05%3.24%2.82%3.29%0.81%0.00%

Frequently Asked Questions

VVO.TO and XDGH.TO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDGH.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDGH.TO is cheaper with a 0.22% expense ratio, compared with 0.39% for VVO.TO.

VVO.TO tracks FTSE Global All Cap Index, while XDGH.TO tracks Morningstar Gbl GR CAD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.39% for VVO.TO and 0.22% for XDGH.TO.

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