XCV.TO vs. DGRO
Compare and contrast key facts about iShares Canadian Value Index ETF (XCV.TO) and iShares Core Dividend Growth ETF (DGRO).
XCV.TO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XCV.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Nov 6, 2006. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both XCV.TO and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XCV.TO or DGRO.
Key characteristics
| XCV.TO | DGRO | |
|---|---|---|
| YTD Return | 8.07% | 9.15% |
| 1Y Return | 16.45% | 21.59% |
| 3Y Return (Ann) | 10.16% | 7.20% |
| 5Y Return (Ann) | 10.67% | 12.14% |
| Sharpe Ratio | 1.17 | 2.04 |
| Daily Std Dev | 12.17% | 9.91% |
| Max Drawdown | -52.43% | -35.10% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XCV.TO and DGRO is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XCV.TO vs. DGRO - Performance Comparison
In the year-to-date period, XCV.TO achieves a 8.07% return, which is significantly lower than DGRO's 9.15% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XCV.TO vs. DGRO - Expense Ratio Comparison
XCV.TO has a 0.55% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Risk-Adjusted Performance
XCV.TO vs. DGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Value Index ETF (XCV.TO) and iShares Core Dividend Growth ETF (DGRO). 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.
Dividends
XCV.TO vs. DGRO - Dividend Comparison
XCV.TO's dividend yield for the trailing twelve months is around 3.76%, more than DGRO's 2.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCV.TO iShares Canadian Value Index ETF | 3.76% | 4.00% | 3.28% | 2.18% | 3.46% | 3.16% | 3.23% | 2.48% | 2.58% | 3.24% | 6.55% | 2.85% |
DGRO iShares Core Dividend Growth ETF | 2.27% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% | 0.97% | 0.00% |
Drawdowns
XCV.TO vs. DGRO - Drawdown Comparison
The maximum XCV.TO drawdown since its inception was -52.43%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for XCV.TO and DGRO. For additional features, visit the drawdowns tool.
Volatility
XCV.TO vs. DGRO - Volatility Comparison
iShares Canadian Value Index ETF (XCV.TO) has a higher volatility of 2.84% compared to iShares Core Dividend Growth ETF (DGRO) at 2.26%. This indicates that XCV.TO's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.