XDG.TO vs. VMO.TO

Last updated Jun 4, 2026

XDG.TO (iShares Core MSCI Global Quality Dividend Index ETF) and VMO.TO (Vanguard Global Momentum Factor ETF CAD) are both exchange-traded funds - XDG.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD, while VMO.TO is a Momentum fund actively managed by Vanguard. XDG.TO is passively managed, while VMO.TO is actively managed. Over the past 5 years, XDG.TO returned 11.34%/yr vs 17.80%/yr for VMO.TO. A 0.52 correlation means they provide meaningful diversification when combined. XDG.TO charges 0.22%/yr vs 0.38%/yr for VMO.TO.

Performance

XDG.TO vs. VMO.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 Global Momentum Factor ETF CAD (VMO.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDG.TO achieves a 9.07% return, which is significantly lower than VMO.TO's 25.71% return.

XDG.TO

• 1D: 0.00%
• 1M: 3.72%
• YTD: 9.07%
• 6M: 8.39%
• 1Y: 19.79%
• 3Y*: 15.60%
• 5Y*: 11.34%
• 10Y*: —

VMO.TO

• 1D: 0.55%
• 1M: 7.68%
• YTD: 25.71%
• 6M: 24.99%
• 1Y: 48.00%
• 3Y*: 31.06%
• 5Y*: 17.80%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDG.TO vs. VMO.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF	9.07%	13.74%	17.44%	7.06%	1.78%	15.16%	-1.68%	17.32%	0.98%	2.14%
VMO.TO Vanguard Global Momentum Factor ETF CAD	25.71%	23.20%	29.68%	14.93%	-9.09%	15.67%	21.39%	19.55%	-5.19%	7.63%

Correlation

The correlation between XDG.TO and VMO.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.52

The correlation between XDG.TO and VMO.TO has been stable across timeframes, ranging from 0.45 to 0.52 - a consistent structural relationship.

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

Sectors	XDG.TO	VMO.TO
Healthcare	16.9%	16.5%
Consumer Defensive	14.9%	3.7%
Financial Services	13.0%	11.0%
Industrials	12.4%	24.5%
Energy	10.5%	6.6%
Technology	9.3%	16.0%
Consumer Cyclical	9.2%	7.4%
Utilities	5.6%	0.1%
Communication Services	3.3%	4.1%
Basic Materials	2.3%	9.5%
Real Estate	0.2%	0.7%

Return for Risk

XDG.TO vs. VMO.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: 54
XDG.TO Sharpe Ratio Rank: 56
XDG.TO Sortino Ratio Rank: 58
XDG.TO Omega Ratio Rank: 53
XDG.TO Calmar Ratio Rank: 50
XDG.TO Martin Ratio Rank: 52

VMO.TO

VMO.TO Risk / Return Rank: 78
VMO.TO Sharpe Ratio Rank: 76
VMO.TO Sortino Ratio Rank: 71
VMO.TO Omega Ratio Rank: 70
VMO.TO Calmar Ratio Rank: 85
VMO.TO Martin Ratio Rank: 88

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. VMO.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 Global Momentum Factor ETF CAD (VMO.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.

	XDG.TO	VMO.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.51	-0.58
Sortino ratio: Return per unit of downside risk	2.79	3.28	-0.50
Omega ratio: Gain probability vs. loss probability	1.34	1.43	-0.09
Calmar ratio: Return relative to maximum drawdown	2.53	4.79	-2.26
Martin ratio: Return relative to average drawdown	9.02	19.35	-10.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XDG.TO Sharpe Ratio is 1.93, which is comparable to the VMO.TO Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of XDG.TO and VMO.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.

Sharpe Ratios by Period

	XDG.TO	VMO.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.51	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	1.01	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.89	-0.19

Drawdowns

XDG.TO vs. VMO.TO - Drawdown Comparison

The maximum XDG.TO drawdown since its inception was -27.08%, smaller than the maximum VMO.TO drawdown of -30.53%. Use the drawdown chart below to compare losses from any high point for XDG.TO and VMO.TO.

Drawdown Indicators

	XDG.TO	VMO.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.08%	-30.53%	+3.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-10.07%	+2.20%
Max Drawdown (3Y) Largest decline over 3 years	-12.33%	-19.72%	+7.39%
Max Drawdown (5Y) Largest decline over 5 years	-12.33%	-23.27%	+10.94%
Current Drawdown Current decline from peak	-1.95%	0.00%	-1.95%
Average Drawdown Average peak-to-trough decline	-2.92%	-5.21%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	2.49%	-0.29%

Volatility

XDG.TO vs. VMO.TO - Volatility Comparison

The current volatility for iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) is 3.12%, while Vanguard Global Momentum Factor ETF CAD (VMO.TO) has a volatility of 6.22%. This indicates that XDG.TO experiences smaller price fluctuations and is considered to be less risky than VMO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDG.TO	VMO.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	6.22%	-3.10%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	15.58%	-7.52%
Volatility (1Y) Calculated over the trailing 1-year period	10.31%	19.21%	-8.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.56%	17.66%	-7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.14%	17.91%	-4.77%

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

XDG.TO has a 0.22% expense ratio, which is lower than VMO.TO's 0.38% expense ratio.

Dividends

XDG.TO vs. VMO.TO - Dividend Comparison

XDG.TO's dividend yield for the trailing twelve months is around 2.82%, more than VMO.TO's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
VMO.TO Vanguard Global Momentum Factor ETF CAD	0.68%	0.85%	0.90%	1.03%	1.65%	1.09%	0.70%	1.70%	0.80%	1.15%	0.51%
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF	2.82%	2.89%	2.90%	3.13%	3.27%	2.97%	3.27%	3.18%	3.47%	1.67%	0.00%

Frequently Asked Questions

Can I hold both XDG.TO and VMO.TO in my portfolio?

XDG.TO and VMO.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDG.TO or VMO.TO?

On fees, XDG.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDG.TO or VMO.TO?

XDG.TO is cheaper with a 0.22% expense ratio, compared with 0.38% for VMO.TO.

What is the main difference between XDG.TO and VMO.TO?

XDG.TO is categorized as Global Equities, while VMO.TO is Momentum. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.22% for XDG.TO and 0.38% for VMO.TO.