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

XDG.TO vs. VEF.TO

Last updated Jun 26, 2026

XDG.TO (iShares Core MSCI Global Quality Dividend Index ETF) and VEF.TO (Vanguard FTSE Developed All Cap Ex US) are both Global Equities funds - XDG.TO tracks the Morningstar Gbl GR CAD while VEF.TO tracks the Spliced FTSE Developed ex US Index Hedged in CAD. Both are passively managed. Over the past 5 years, XDG.TO returned 11.17%/yr vs 12.61%/yr for VEF.TO. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.22% expense ratio.

Performance

XDG.TO vs. VEF.TO - 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 Vanguard FTSE Developed All Cap Ex US (VEF.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XDG.TO achieves a 12.62% return, which is significantly lower than VEF.TO's 17.70% 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*
—

VEF.TO

1D
1.07%
1M
2.00%
YTD
17.70%
6M
17.76%
1Y
36.07%
3Y*
19.71%
5Y*
12.61%
10Y*
12.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDG.TO vs. VEF.TO - 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%
VEF.TO
Vanguard FTSE Developed All Cap Ex US		17.70%24.61%9.69%18.03%-7.56%18.04%2.10%22.61%-11.95%6.22%

Correlation

The correlation between XDG.TO and VEF.TO is 0.56, 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

0.56

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

0.60

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

0.62

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

0.63

The correlation between XDG.TO and VEF.TO has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.

XDG.TO vs. VEF.TO - Sectors Allocation Comparison

Sectors
XDG.TO
VEF.TO

Healthcare

21.1%
8.2%

Consumer Defensive

14.5%
5.6%

Financial Services

13.7%
23.3%

Industrials

11.7%
19.2%

Energy

11.2%
5.4%

Consumer Cyclical

9.6%
7.5%

Technology

6.7%
13.8%

Utilities

5.8%
3.3%

Communication Services

3.2%
3.4%

Basic Materials

2.4%
7.5%

Real Estate

0.1%
2.7%

Healthcare

XDG.TO
21.1%
VEF.TO
8.2%

Consumer Defensive

XDG.TO
14.5%
VEF.TO
5.6%

Financial Services

XDG.TO
13.7%
VEF.TO
23.3%

Industrials

XDG.TO
11.7%
VEF.TO
19.2%

Energy

XDG.TO
11.2%
VEF.TO
5.4%

Consumer Cyclical

XDG.TO
9.6%
VEF.TO
7.5%

Technology

XDG.TO
6.7%
VEF.TO
13.8%

Utilities

XDG.TO
5.8%
VEF.TO
3.3%

Communication Services

XDG.TO
3.2%
VEF.TO
3.4%

Basic Materials

XDG.TO
2.4%
VEF.TO
7.5%

Real Estate

XDG.TO
0.1%
VEF.TO
2.7%

Compare stocks, funds, or ETFs

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iShares Core MSCI Global Quality Dividend Index ETF

Vanguard FTSE Developed All Cap Ex US

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 VEF.TO:
VEF.TO vs. XEF.TOVEF.TO vs. VDU.TOVEF.TO vs. VEAVEF.TO vs. VFV.TOVEF.TO vs. VXUSVEF.TO vs. XEH.TOVEF.TO vs. VUG

Return for Risk

XDG.TO vs. VEF.TO — 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
VEF.TO
VEF.TO Risk / Return Rank: 8686
Overall Rank
VEF.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VEF.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
VEF.TO Omega Ratio Rank: 8989
Omega Ratio Rank
VEF.TO Calmar Ratio Rank: 8080
Calmar Ratio Rank
VEF.TO Martin Ratio Rank: 8585
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. VEF.TO - 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 Vanguard FTSE Developed All Cap Ex US (VEF.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.

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.TOVEF.TODifference
Sharpe ratioReturn per unit of total volatility
2.12
2.55

-0.43

Sortino ratioReturn per unit of downside risk
3.04
3.40

-0.36

Omega ratioGain probability vs. loss probability

1.37

1.49

-0.12

Calmar ratioReturn relative to maximum drawdown

2.81

3.66

-0.86

Martin ratioReturn relative to average drawdown

9.95

15.42

-5.46

XDG.TO vs. VEF.TO - Sharpe Ratio Comparison

The current XDG.TO Sharpe Ratio is 2.12, which is comparable to the VEF.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of XDG.TO and VEF.TO, 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. VEF.TO - Drawdown Comparison

The maximum XDG.TO drawdown since its inception was -27.08%, smaller than the maximum VEF.TO drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for XDG.TO and VEF.TO.

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Drawdown Indicators

XDG.TOVEF.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.08%

-33.03%

+5.95%

Max Drawdown (1Y)

Largest decline over 1 year

-7.87%

-9.89%

+2.02%

Max Drawdown (3Y)

Largest decline over 3 years

-12.33%

-13.78%

+1.45%

Max Drawdown (5Y)

Largest decline over 5 years

-12.33%

-16.34%

+4.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.03%

—

Current Drawdown

Current decline from peak

0.00%

-2.15%

+2.15%

Average Drawdown

Average peak-to-trough decline

-3.12%

-4.26%

+1.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.21%

2.35%

-0.14%

Volatility

XDG.TO vs. VEF.TO - Volatility Comparison

The current volatility for iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) is 2.64%, while Vanguard FTSE Developed All Cap Ex US (VEF.TO) has a volatility of 6.12%. This indicates that XDG.TO experiences smaller price fluctuations and is considered to be less risky than VEF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDG.TOVEF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

6.12%

-3.48%

Volatility (6M)

Calculated over the trailing 6-month period

8.23%

12.44%

-4.21%

Volatility (1Y)

Calculated over the trailing 1-year period

10.44%

14.21%

-3.77%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.11%

13.76%

-2.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.85%

15.44%

-1.59%

XDG.TO vs. VEF.TO - Expense Ratio Comparison

Both XDG.TO and VEF.TO have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XDG.TO vs. VEF.TO - Dividend Comparison

XDG.TO's dividend yield for the trailing twelve months is around 2.75%, more than VEF.TO's 1.95% yield.

PositionTTM20252024202320222021202020192018201720162015
VEF.TO
Vanguard FTSE Developed All Cap Ex US		1.95%2.61%2.56%2.50%2.20%2.55%1.73%2.41%2.64%2.21%2.31%2.39%
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 VEF.TO have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.22% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

XDG.TO and VEF.TO have the same expense ratio: 0.22% per year.

XDG.TO tracks Morningstar Gbl GR CAD, while VEF.TO tracks Spliced FTSE Developed ex US Index Hedged in CAD. They also come from different issuers: iShares and Vanguard.

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