XCV.TO vs. TTP.TO
XCV.TO (iShares Canadian Value Index ETF) and TTP.TO (TD Canadian Equity Index ETF) are both Canada Equities funds - XCV.TO tracks the Morningstar Canada GR CAD while TTP.TO tracks the Solactive Canada Broad Market Index. Both are passively managed. Over the past 10 years, XCV.TO returned 13.20%/yr vs 12.63%/yr for TTP.TO. A 0.72 correlation means they provide meaningful diversification when combined. XCV.TO charges 0.55%/yr vs 0.05%/yr for TTP.TO.
Performance
XCV.TO vs. TTP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCV.TO achieves a 19.17% return, which is significantly higher than TTP.TO's 10.77% return. Both investments have delivered pretty close results over the past 10 years, with XCV.TO having a 13.20% annualized return and TTP.TO not far behind at 12.63%.
XCV.TO
- 1D
- -0.02%
- 1M
- 4.70%
- YTD
- 19.17%
- 6M
- 19.26%
- 1Y
- 44.26%
- 3Y*
- 27.30%
- 5Y*
- 17.83%
- 10Y*
- 13.20%
TTP.TO
- 1D
- -1.04%
- 1M
- 3.62%
- YTD
- 10.77%
- 6M
- 13.11%
- 1Y
- 34.96%
- 3Y*
- 23.56%
- 5Y*
- 14.98%
- 10Y*
- 12.63%
XCV.TO vs. TTP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCV.TO iShares Canadian Value Index ETF | 19.17% | 32.17% | 21.26% | 9.47% | 1.87% | 32.71% | -2.56% | 18.02% | -11.15% | 8.75% |
TTP.TO TD Canadian Equity Index ETF | 10.77% | 31.96% | 20.92% | 11.66% | -5.76% | 25.31% | 6.32% | 22.15% | -9.16% | 8.79% |
Correlation
The correlation between XCV.TO and TTP.TO is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2016 | 0.72 |
The correlation between XCV.TO and TTP.TO shifts across timeframes, from 0.67 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XCV.TO vs. TTP.TO — Risk / Return Rank
XCV.TO
TTP.TO
XCV.TO vs. TTP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Value Index ETF (XCV.TO) and TD Canadian Equity Index ETF (TTP.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.
| XCV.TO | TTP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.21 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 1.50 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 11.53 | 3.72 | +7.81 |
| Martin ratioReturn relative to average drawdown | 43.47 | 17.19 | +26.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCV.TO | TTP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.97 | 2.76 | +2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 1.14 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.86 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.88 | -0.34 |
Drawdowns
XCV.TO vs. TTP.TO - Drawdown Comparison
The maximum XCV.TO drawdown since its inception was -52.49%, which is greater than TTP.TO's maximum drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for XCV.TO and TTP.TO.
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Drawdown Indicators
| XCV.TO | TTP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.49% | -37.03% | -15.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -9.43% | +5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -12.21% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -16.44% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -41.18% | -37.03% | -4.15% |
Current DrawdownCurrent decline from peak | -0.89% | -1.04% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -3.34% | -3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.04% | -1.02% |
Volatility
XCV.TO vs. TTP.TO - Volatility Comparison
iShares Canadian Value Index ETF (XCV.TO) and TD Canadian Equity Index ETF (TTP.TO) have volatilities of 3.27% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCV.TO | TTP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.40% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 10.37% | -2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 12.74% | -3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 13.20% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 14.85% | +0.69% |
XCV.TO vs. TTP.TO - Expense Ratio Comparison
XCV.TO has a 0.55% expense ratio, which is higher than TTP.TO's 0.05% expense ratio.
Dividends
XCV.TO vs. TTP.TO - Dividend Comparison
XCV.TO's dividend yield for the trailing twelve months is around 2.29%, more than TTP.TO's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTP.TO TD Canadian Equity Index ETF | 1.88% | 2.06% | 2.56% | 2.91% | 3.68% | 1.86% | 2.84% | 2.09% | 2.89% | 2.32% | 1.85% | 0.00% |
XCV.TO iShares Canadian Value Index ETF | 2.29% | 2.71% | 3.72% | 3.88% | 3.18% | 2.11% | 3.35% | 3.06% | 3.13% | 2.40% | 2.50% | 3.14% |
Frequently Asked Questions
XCV.TO and TTP.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TTP.TO is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TTP.TO is cheaper with a 0.05% expense ratio, compared with 0.55% for XCV.TO.
XCV.TO tracks Morningstar Canada GR CAD, while TTP.TO tracks Solactive Canada Broad Market Index. They also come from different issuers: iShares and TD. Their fees differ too: 0.55% for XCV.TO and 0.05% for TTP.TO.
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