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VXM.TO vs. RID.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VXM.TO vs. RID.TO

Last updated Jul 16, 2026
Documentation

VXM.TO (CI Morningstar International Value CAD Hedged) and RID.TO (RBC Quant EAFE Dividend Leaders ETF CAD) are both International Equity funds. VXM.TO is passively managed, while RID.TO is actively managed. Over the past 10 years, VXM.TO returned 13.99%/yr vs 10.01%/yr for RID.TO. At a 0.45 correlation, their price movements are largely independent.

Performance

VXM.TO vs. RID.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Morningstar International Value CAD Hedged (VXM.TO) and RBC Quant EAFE Dividend Leaders ETF CAD (RID.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, VXM.TO achieves a 12.15% return, which is significantly lower than RID.TO's 16.07% return. Over the past 10 years, VXM.TO has outperformed RID.TO with an annualized return of 13.99%, while RID.TO has yielded a comparatively lower 10.01% annualized return.

VXM.TO

1D
0.36%
1M
0.92%
6M
8.02%
YTD
12.15%
1Y
33.55%
3Y*
28.19%
5Y*
20.83%
10Y*
13.99%

RID.TO

1D
0.13%
1M
0.58%
6M
10.88%
YTD
16.07%
1Y
32.72%
3Y*
22.79%
5Y*
13.70%
10Y*
10.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VXM.TO vs. RID.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VXM.TO
CI Morningstar International Value CAD Hedged		12.15%44.77%19.29%24.08%3.19%19.09%-13.99%16.55%-15.76%24.08%
RID.TO
RBC Quant EAFE Dividend Leaders ETF CAD		16.07%33.82%13.48%16.19%-10.04%12.26%0.73%10.85%-4.90%11.39%

Correlation

The correlation between VXM.TO and RID.TO is 0.72, 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

0.72

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

0.50

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

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.44

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2014

0.45

Over the past year, VXM.TO and RID.TO have become more correlated (0.72) than their long-term average of 0.45, meaning their price movements have been converging.

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CI Morningstar International Value CAD Hedged

RBC Quant EAFE Dividend Leaders ETF CAD

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Return for Risk

VXM.TO vs. RID.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VXM.TO
VXM.TO Risk / Return Rank: 8787
Overall Rank
VXM.TO Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
VXM.TO Sortino Ratio Rank: 9191
Sortino Ratio Rank
VXM.TO Omega Ratio Rank: 9191
Omega Ratio Rank
VXM.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
VXM.TO Martin Ratio Rank: 7979
Martin Ratio Rank
RID.TO
RID.TO Risk / Return Rank: 8383
Overall Rank
RID.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
RID.TO Sortino Ratio Rank: 8484
Sortino Ratio Rank
RID.TO Omega Ratio Rank: 8383
Omega Ratio Rank
RID.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
RID.TO Martin Ratio Rank: 8484
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.

VXM.TO vs. RID.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CI Morningstar International Value CAD Hedged (VXM.TO) and RBC Quant EAFE Dividend Leaders ETF CAD (RID.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.

VXM.TORID.TODifference
Sharpe ratioReturn per unit of total volatility
2.51
2.20

+0.30

Sortino ratioReturn per unit of downside risk
3.45
3.03

+0.42

Omega ratioGain probability vs. loss probability

1.47

1.40

+0.07

Calmar ratioReturn relative to maximum drawdown

3.58

3.34

+0.25

Martin ratioReturn relative to average drawdown

12.09

13.44

-1.35

VXM.TO vs. RID.TO - Sharpe Ratio Comparison

The current VXM.TO Sharpe Ratio is 2.51, which is comparable to the RID.TO Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of VXM.TO and RID.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

VXM.TO vs. RID.TO - Drawdown Comparison

The maximum VXM.TO drawdown since its inception was -42.73%, which is greater than RID.TO's maximum drawdown of -28.74%. Use the drawdown chart below to compare losses from any high point for VXM.TO and RID.TO.

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Drawdown Indicators

VXM.TORID.TODifference

Max Drawdown

Largest peak-to-trough decline

-42.73%

-28.74%

-13.99%

Max Drawdown (1Y)

Largest decline over 1 year

-9.40%

-9.85%

+0.45%

Max Drawdown (3Y)

Largest decline over 3 years

-13.71%

-15.23%

+1.52%

Max Drawdown (5Y)

Largest decline over 5 years

-14.47%

-23.88%

+9.41%

Max Drawdown (10Y)

Largest decline over 10 years

-42.73%

-28.74%

-13.99%

Current Drawdown

Current decline from peak

-1.71%

-2.31%

+0.60%

Average Drawdown

Average peak-to-trough decline

-7.52%

-4.45%

-3.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

2.44%

+0.34%

Volatility

VXM.TO vs. RID.TO - Volatility Comparison

The current volatility for CI Morningstar International Value CAD Hedged (VXM.TO) is 3.92%, while RBC Quant EAFE Dividend Leaders ETF CAD (RID.TO) has a volatility of 4.23%. This indicates that VXM.TO experiences smaller price fluctuations and is considered to be less risky than RID.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VXM.TORID.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

4.23%

-0.31%

Volatility (6M)

Calculated over the trailing 6-month period

11.69%

12.09%

-0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

13.45%

14.95%

-1.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.80%

14.10%

+0.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

14.98%

+1.62%

Dividends

VXM.TO vs. RID.TO - Dividend Comparison

VXM.TO's dividend yield for the trailing twelve months is around 1.79%, less than RID.TO's 2.84% yield.

PositionTTM20252024202320222021202020192018201720162015
RID.TO
RBC Quant EAFE Dividend Leaders ETF CAD		2.84%3.03%3.52%3.76%4.09%2.65%3.54%4.14%4.57%3.00%3.35%3.22%
VXM.TO
CI Morningstar International Value CAD Hedged		1.79%2.03%3.60%3.37%3.53%2.08%2.27%1.56%2.07%1.51%1.85%2.30%

Frequently Asked Questions

VXM.TO and RID.TO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: CI Investments and RBC.

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