XCV.TO vs. XGRO.TO
XCV.TO (iShares Canadian Value Index ETF) and XGRO.TO (iShares Core Growth ETF Portfolio) are both exchange-traded funds - XCV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XGRO.TO is a Large Cap Growth Equities fund actively managed by iShares. XCV.TO is passively managed, while XGRO.TO is actively managed. Over the past 10 years, XCV.TO returned 13.20%/yr vs 10.20%/yr for XGRO.TO. A 0.55 correlation means they provide meaningful diversification when combined. XCV.TO charges 0.55%/yr vs 0.20%/yr for XGRO.TO.
Performance
XCV.TO vs. XGRO.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 XGRO.TO's 10.38% return. Over the past 10 years, XCV.TO has outperformed XGRO.TO with an annualized return of 13.20%, while XGRO.TO has yielded a comparatively lower 10.20% annualized return.
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%
XGRO.TO
- 1D
- -0.18%
- 1M
- 5.42%
- YTD
- 10.38%
- 6M
- 8.74%
- 1Y
- 23.44%
- 3Y*
- 17.87%
- 5Y*
- 10.83%
- 10Y*
- 10.20%
XCV.TO vs. XGRO.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% |
XGRO.TO iShares Core Growth ETF Portfolio | 10.38% | 15.59% | 19.53% | 15.01% | -11.08% | 14.29% | 11.51% | 17.97% | -6.73% | 11.61% |
Correlation
The correlation between XCV.TO and XGRO.TO is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
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 Jun 22, 2007 | 0.55 |
The correlation between XCV.TO and XGRO.TO has been stable across timeframes, ranging from 0.53 to 0.62 - a consistent structural relationship.
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Return for Risk
XCV.TO vs. XGRO.TO — Risk / Return Rank
XCV.TO
XGRO.TO
XCV.TO vs. XGRO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Value Index ETF (XCV.TO) and iShares Core Growth ETF Portfolio (XGRO.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 | XGRO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 1.41 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 11.53 | 3.30 | +8.23 |
| Martin ratioReturn relative to average drawdown | 43.47 | 14.67 | +28.79 |
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 | XGRO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.97 | 2.18 | +2.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 0.99 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.84 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.35 | +0.18 |
Drawdowns
XCV.TO vs. XGRO.TO - Drawdown Comparison
The maximum XCV.TO drawdown since its inception was -52.49%, which is greater than XGRO.TO's maximum drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for XCV.TO and XGRO.TO.
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Drawdown Indicators
| XCV.TO | XGRO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.49% | -47.97% | -4.52% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -7.12% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -12.47% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -18.40% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -41.18% | -25.85% | -15.33% |
Current DrawdownCurrent decline from peak | -0.89% | -0.18% | -0.71% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -8.49% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.60% | -0.58% |
Volatility
XCV.TO vs. XGRO.TO - Volatility Comparison
iShares Canadian Value Index ETF (XCV.TO) and iShares Core Growth ETF Portfolio (XGRO.TO) have volatilities of 3.27% and 3.43%, 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 | XGRO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.43% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 9.19% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 10.78% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 11.05% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 12.26% | +3.28% |
XCV.TO vs. XGRO.TO - Expense Ratio Comparison
XCV.TO has a 0.55% expense ratio, which is higher than XGRO.TO's 0.20% expense ratio.
Dividends
XCV.TO vs. XGRO.TO - Dividend Comparison
XCV.TO's dividend yield for the trailing twelve months is around 2.29%, more than XGRO.TO's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGRO.TO iShares Core Growth ETF Portfolio | 1.76% | 1.92% | 1.98% | 2.22% | 1.86% | 1.66% | 1.94% | 2.21% | 7.42% | 2.04% | 2.65% | 2.15% |
Frequently Asked Questions
XCV.TO and XGRO.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGRO.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGRO.TO is cheaper with a 0.20% expense ratio, compared with 0.55% for XCV.TO.
XCV.TO is categorized as Canada Equities, while XGRO.TO is Large Cap Growth Equities. Their fees differ too: 0.55% for XCV.TO and 0.20% for XGRO.TO.
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