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XDG.TO vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDG.TO vs. DGRO

Last updated Jun 26, 2026

XDG.TO (iShares Core MSCI Global Quality Dividend Index ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - XDG.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, XDG.TO returned 11.17%/yr vs 14.20%/yr for DGRO. A 0.62 correlation means they provide meaningful diversification when combined. XDG.TO charges 0.22%/yr vs 0.08%/yr for DGRO.

Performance

XDG.TO vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XDG.TO is traded in CAD, while DGRO is traded in USD. To make them comparable, the DGRO 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 12.62% return, which is significantly lower than DGRO's 14.00% return.

XDG.TO

1D
0.38%
1M
2.62%
YTD
12.62%
6M
11.02%
1Y
21.98%
3Y*
15.86%
5Y*
11.17%
10Y*
—

DGRO

1D
0.46%
1M
4.74%
YTD
14.00%
6M
12.84%
1Y
26.82%
3Y*
20.07%
5Y*
14.20%
10Y*
14.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDG.TO vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDG.TO
iShares Core MSCI Global Quality Dividend Index ETF		12.62%12.26%14.74%7.06%1.78%15.16%-1.68%17.32%0.95%2.14%
DGRO
iShares Core Dividend Growth ETF		14.03%10.41%26.49%7.84%-2.07%26.58%6.90%24.51%5.83%5.73%

Correlation

The correlation between XDG.TO and DGRO is 0.66, 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

0.66

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

0.64

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

0.64

Correlation (All Time)
Calculated using the full available price history since Jun 14, 2017

0.62

The correlation between XDG.TO and DGRO has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.

XDG.TO vs. DGRO - Sectors Allocation Comparison

Sectors
XDG.TO
DGRO

Healthcare

21.1%
16.5%

Consumer Defensive

14.5%
11.1%

Financial Services

13.7%
20.6%

Industrials

11.7%
10.4%

Energy

11.2%
5.1%

Consumer Cyclical

9.6%
5.4%

Technology

6.7%
22.0%

Utilities

5.8%
6.4%

Communication Services

3.2%
0.1%

Basic Materials

2.4%
2.4%

Real Estate

0.1%

-

Healthcare

XDG.TO
21.1%
DGRO
16.5%

Consumer Defensive

XDG.TO
14.5%
DGRO
11.1%

Financial Services

XDG.TO
13.7%
DGRO
20.6%

Industrials

XDG.TO
11.7%
DGRO
10.4%

Energy

XDG.TO
11.2%
DGRO
5.1%

Consumer Cyclical

XDG.TO
9.6%
DGRO
5.4%

Technology

XDG.TO
6.7%
DGRO
22.0%

Utilities

XDG.TO
5.8%
DGRO
6.4%

Communication Services

XDG.TO
3.2%
DGRO
0.1%

Basic Materials

XDG.TO
2.4%
DGRO
2.4%

Real Estate

XDG.TO
0.1%
DGRO

-

Compare stocks, funds, or ETFs

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iShares Core MSCI Global Quality Dividend Index ETF

iShares Core Dividend Growth ETF

Often compared with XDG.TO:
XDG.TO vs. XDIV.TOXDG.TO vs. XEQT.TOXDG.TO vs. XAW.TOXDG.TO vs. XDU.TOXDG.TO vs. XDGH.TOXDG.TO vs. CYH.TOXDG.TO vs. SCHD
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

XDG.TO vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDG.TO
XDG.TO Risk / Return Rank: 7171
Overall Rank
XDG.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XDG.TO Sortino Ratio Rank: 7878
Sortino Ratio Rank
XDG.TO Omega Ratio Rank: 7272
Omega Ratio Rank
XDG.TO Calmar Ratio Rank: 6666
Calmar Ratio Rank
XDG.TO Martin Ratio Rank: 6363
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 8282
Overall Rank
DGRO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 8888
Sortino Ratio Rank
DGRO Omega Ratio Rank: 8383
Omega Ratio Rank
DGRO Calmar Ratio Rank: 7878
Calmar Ratio Rank
DGRO Martin Ratio Rank: 8080
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.

XDG.TO vs. DGRO - 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 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.

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.TODGRODifference
Sharpe ratioReturn per unit of total volatility
2.12
2.63

-0.51

Sortino ratioReturn per unit of downside risk
3.04
3.80

-0.77

Omega ratioGain probability vs. loss probability

1.37

1.47

-0.10

Calmar ratioReturn relative to maximum drawdown

2.81

4.37

-1.56

Martin ratioReturn relative to average drawdown

9.95

16.26

-6.31

XDG.TO vs. DGRO - Sharpe Ratio Comparison

The current XDG.TO Sharpe Ratio is 2.12, which is comparable to the DGRO Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of XDG.TO and DGRO, 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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Drawdowns

XDG.TO vs. DGRO - Drawdown Comparison

The maximum XDG.TO drawdown since its inception was -27.08%, smaller than the maximum DGRO drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for XDG.TO and DGRO.

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Drawdown Indicators

XDG.TODGRODifference

Max Drawdown

Largest peak-to-trough decline

-27.08%

-29.39%

+2.31%

Max Drawdown (1Y)

Largest decline over 1 year

-7.87%

-6.16%

-1.71%

Max Drawdown (3Y)

Largest decline over 3 years

-12.33%

-15.15%

+2.82%

Max Drawdown (5Y)

Largest decline over 5 years

-12.33%

-16.54%

+4.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.39%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.12%

-3.05%

-0.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.21%

1.65%

+0.56%

Volatility

XDG.TO vs. DGRO - Volatility Comparison

iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) and iShares Core Dividend Growth ETF (DGRO) have volatilities of 2.64% and 2.74%, 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

XDG.TODGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

2.74%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

8.23%

7.80%

+0.43%

Volatility (1Y)

Calculated over the trailing 1-year period

10.44%

10.26%

+0.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.11%

15.02%

-3.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.85%

17.73%

-3.88%

XDG.TO vs. DGRO - Expense Ratio Comparison

XDG.TO has a 0.22% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XDG.TO vs. DGRO - Dividend Comparison

XDG.TO's dividend yield for the trailing twelve months is around 2.75%, more than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.96%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
XDG.TO
iShares Core MSCI Global Quality Dividend Index ETF		2.75%2.92%2.96%3.13%3.27%2.97%3.27%3.18%3.47%1.67%0.00%0.00%

Frequently Asked Questions

XDG.TO and DGRO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DGRO is cheaper with a 0.08% expense ratio, compared with 0.22% for XDG.TO.

XDG.TO is categorized as Global Equities, while DGRO is Large Cap Growth Equities. XDG.TO tracks Morningstar Gbl GR CAD, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.22% for XDG.TO and 0.08% for DGRO.

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