XDG.TO vs. ^GSPC
XDG.TO (iShares Core MSCI Global Quality Dividend Index ETF) is Global Equities fund tracking the Morningstar Gbl GR CAD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, XDG.TO returned 10.85%/yr vs 13.95%/yr for ^GSPC. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
XDG.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
XDG.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDG.TO achieves a 13.88% return, which is significantly higher than ^GSPC's 11.62% return.
XDG.TO
- 1D
- -0.51%
- 1M
- 2.56%
- 6M
- 8.80%
- YTD
- 13.88%
- 1Y
- 21.32%
- 3Y*
- 15.24%
- 5Y*
- 10.85%
- 10Y*
- —
^GSPC
- 1D
- -1.05%
- 1M
- 0.76%
- 6M
- 8.56%
- YTD
- 11.62%
- 1Y
- 21.38%
- 3Y*
- 20.28%
- 5Y*
- 13.95%
- 10Y*
- 14.08%
XDG.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF | 13.88% | 12.26% | 14.74% | 7.06% | 1.78% | 15.16% | -1.68% | 17.32% | 0.95% | 2.14% |
^GSPC S&P 500 Index | 11.51% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 3.42% |
Correlation
The correlation between XDG.TO and ^GSPC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017 | 0.50 |
Over the past year, the correlation between XDG.TO and ^GSPC has dropped to 0.29 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
XDG.TO vs. ^GSPC — Risk / Return Rank
XDG.TO
^GSPC
XDG.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) and S&P 500 Index (^GSPC). 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.
| XDG.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.34 | +0.38 |
| Martin ratioReturn relative to average drawdown | 9.40 | 8.65 | +0.76 |
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Drawdowns
XDG.TO vs. ^GSPC - Drawdown Comparison
The maximum XDG.TO drawdown since its inception was -27.08%, smaller than the maximum ^GSPC drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for XDG.TO and ^GSPC.
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Drawdown Indicators
| XDG.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.08% | -48.87% | +21.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.87% | -9.17% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.33% | -19.59% | +7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -12.33% | -23.14% | +10.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -3.04% | -2.47% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -3.11% | -9.63% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.48% | -0.21% |
Volatility
XDG.TO vs. ^GSPC - Volatility Comparison
iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) has a higher volatility of 4.62% compared to S&P 500 Index (^GSPC) at 3.68%. This indicates that XDG.TO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDG.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.68% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 10.42% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.14% | 12.95% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.26% | 17.95% | -6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 19.12% | -5.23% |
Frequently Asked Questions
XDG.TO and ^GSPC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for XDG.TO and ^GSPC
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