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XCG.TO vs. XDV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCG.TO vs. XDV.TO

Last updated Jun 5, 2026

XCG.TO (iShares Canadian Growth Index ETF) and XDV.TO (iShares Canadian Select Dividend Index ETF) are both Canada Equities funds from iShares tracking the Morningstar Canada GR CAD. Both are passively managed. Over the past 10 years, XCG.TO returned 9.54%/yr vs 12.03%/yr for XDV.TO. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.

Performance

XCG.TO vs. XDV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Growth Index ETF (XCG.TO) and iShares Canadian Select Dividend Index ETF (XDV.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, XCG.TO achieves a 2.86% return, which is significantly lower than XDV.TO's 17.48% return. Over the past 10 years, XCG.TO has underperformed XDV.TO with an annualized return of 9.54%, while XDV.TO has yielded a comparatively higher 12.03% annualized return.

XCG.TO

1D
0.92%
1M
3.98%
YTD
2.86%
6M
-4.93%
1Y
5.89%
3Y*
13.77%
5Y*
8.36%
10Y*
9.54%

XDV.TO

1D
0.88%
1M
4.79%
YTD
17.48%
6M
20.53%
1Y
41.30%
3Y*
23.97%
5Y*
13.66%
10Y*
12.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCG.TO vs. XDV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XCG.TO
iShares Canadian Growth Index ETF		2.86%9.37%21.40%17.43%-11.67%15.98%11.25%28.29%-6.14%7.03%
XDV.TO
iShares Canadian Select Dividend Index ETF		17.48%29.37%21.28%8.00%-8.57%31.30%-0.38%21.30%-12.48%11.06%

Correlation

The correlation between XCG.TO and XDV.TO is 0.52, 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

0.52

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

0.60

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

0.61

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

0.56

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2006

0.54

The correlation between XCG.TO and XDV.TO has been stable across timeframes, ranging from 0.52 to 0.61 - a consistent structural relationship.

XCG.TO vs. XDV.TO - Sectors Allocation Comparison

Sectors
XCG.TO
XDV.TO

Basic Materials

27.2%
1.6%

Industrials

22.4%
3.3%

Technology

17.0%

-

Financial Services

10.0%
51.5%

Energy

9.7%
11.8%

Consumer Cyclical

7.2%
11.5%

Consumer Defensive

4.6%
1.7%

Communication Services

1.5%
7.5%

Real Estate

0.4%

-

Healthcare

-

-

Utilities

-

11.0%

Basic Materials

XCG.TO
27.2%
XDV.TO
1.6%

Industrials

XCG.TO
22.4%
XDV.TO
3.3%

Technology

XCG.TO
17.0%
XDV.TO

-

Financial Services

XCG.TO
10.0%
XDV.TO
51.5%

Energy

XCG.TO
9.7%
XDV.TO
11.8%

Consumer Cyclical

XCG.TO
7.2%
XDV.TO
11.5%

Consumer Defensive

XCG.TO
4.6%
XDV.TO
1.7%

Communication Services

XCG.TO
1.5%
XDV.TO
7.5%

Real Estate

XCG.TO
0.4%
XDV.TO

-

Healthcare

XCG.TO

-

XDV.TO

-

Utilities

XCG.TO

-

XDV.TO
11.0%

Compare stocks, funds, or ETFs

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iShares Canadian Growth Index ETF

iShares Canadian Select Dividend Index ETF

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Often compared with XDV.TO:
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Return for Risk

XCG.TO vs. XDV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCG.TO
XCG.TO Risk / Return Rank: 1414
Overall Rank
XCG.TO Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
XCG.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
XCG.TO Omega Ratio Rank: 1414
Omega Ratio Rank
XCG.TO Calmar Ratio Rank: 1414
Calmar Ratio Rank
XCG.TO Martin Ratio Rank: 1515
Martin Ratio Rank
XDV.TO
XDV.TO Risk / Return Rank: 9797
Overall Rank
XDV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDV.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
XDV.TO Martin Ratio Rank: 9797
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.

XCG.TO vs. XDV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Growth Index ETF (XCG.TO) and iShares Canadian Select Dividend Index ETF (XDV.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.

XCG.TOXDV.TODifference
Sharpe ratioReturn per unit of total volatility
0.30
5.28

-4.99

Sortino ratioReturn per unit of downside risk
0.52
7.83

-7.31

Omega ratioGain probability vs. loss probability

1.07

2.06

-0.99

Calmar ratioReturn relative to maximum drawdown

0.39

8.66

-8.28

Martin ratioReturn relative to average drawdown

1.12

42.96

-41.84

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

XCG.TO vs. XDV.TO - Sharpe Ratio Comparison

The current XCG.TO Sharpe Ratio is 0.30, which is lower than the XDV.TO Sharpe Ratio of 5.28. The chart below compares the historical Sharpe Ratios of XCG.TO and XDV.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

XCG.TOXDV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.30

5.28

-4.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

1.28

-0.75

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.83

-0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.59

-0.22

Drawdowns

XCG.TO vs. XDV.TO - Drawdown Comparison

The maximum XCG.TO drawdown since its inception was -52.64%, which is greater than XDV.TO's maximum drawdown of -48.56%. Use the drawdown chart below to compare losses from any high point for XCG.TO and XDV.TO.

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Drawdown Indicators

XCG.TOXDV.TODifference

Max Drawdown

Largest peak-to-trough decline

-52.64%

-48.56%

-4.08%

Max Drawdown (1Y)

Largest decline over 1 year

-15.27%

-4.79%

-10.48%

Max Drawdown (3Y)

Largest decline over 3 years

-15.27%

-12.99%

-2.28%

Max Drawdown (5Y)

Largest decline over 5 years

-21.61%

-20.52%

-1.09%

Max Drawdown (10Y)

Largest decline over 10 years

-32.14%

-39.08%

+6.94%

Current Drawdown

Current decline from peak

-6.45%

0.00%

-6.45%

Average Drawdown

Average peak-to-trough decline

-10.87%

-6.78%

-4.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.26%

0.96%

+4.30%

Volatility

XCG.TO vs. XDV.TO - Volatility Comparison

iShares Canadian Growth Index ETF (XCG.TO) has a higher volatility of 5.11% compared to iShares Canadian Select Dividend Index ETF (XDV.TO) at 2.80%. This indicates that XCG.TO's price experiences larger fluctuations and is considered to be riskier than XDV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCG.TOXDV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.11%

2.80%

+2.31%

Volatility (6M)

Calculated over the trailing 6-month period

17.02%

6.54%

+10.48%

Volatility (1Y)

Calculated over the trailing 1-year period

20.07%

7.86%

+12.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.88%

10.72%

+5.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.48%

14.63%

+1.85%

XCG.TO vs. XDV.TO - Expense Ratio Comparison

Both XCG.TO and XDV.TO have an expense ratio of 0.55%.

Dividends

XCG.TO vs. XDV.TO - Dividend Comparison

XCG.TO's dividend yield for the trailing twelve months is around 0.49%, less than XDV.TO's 3.33% yield.

PositionTTM20252024202320222021202020192018201720162015
XCG.TO
iShares Canadian Growth Index ETF		0.49%0.45%0.60%1.33%1.59%1.46%1.69%1.53%1.65%1.03%0.97%0.72%
XDV.TO
iShares Canadian Select Dividend Index ETF		3.33%3.46%4.34%4.62%4.49%3.82%4.78%4.21%4.92%3.65%3.91%4.75%

Frequently Asked Questions

XCG.TO and XDV.TO have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XCG.TO and XDV.TO have the same expense ratio: 0.55% per year.

Both ETFs track Morningstar Canada GR CAD.

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