XDGH.TO vs. XSP.TO
XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) and XSP.TO (iShares Core S&P 500 Index ETF (CAD-Hedged)) are both exchange-traded funds - XDGH.TO is a Global Equities fund tracking the Morningstar Gbl GR CAD, while XSP.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XDGH.TO returned 8.12%/yr vs 12.18%/yr for XSP.TO. A 0.54 correlation means they provide meaningful diversification when combined. XDGH.TO charges 0.22%/yr vs 0.09%/yr for XSP.TO.
Performance
XDGH.TO vs. XSP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDGH.TO achieves a 7.16% return, which is significantly lower than XSP.TO's 9.64% return.
XDGH.TO
- 1D
- 0.16%
- 1M
- 2.01%
- YTD
- 7.16%
- 6M
- 8.39%
- 1Y
- 17.12%
- 3Y*
- 12.90%
- 5Y*
- 8.12%
- 10Y*
- —
XSP.TO
- 1D
- -0.73%
- 1M
- 4.98%
- YTD
- 9.64%
- 6M
- 9.50%
- 1Y
- 25.13%
- 3Y*
- 20.28%
- 5Y*
- 12.18%
- 10Y*
- 13.79%
XDGH.TO vs. XSP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 7.16% | 14.60% | 10.46% | 8.74% | -1.32% | 15.60% | -4.34% | 22.32% | -4.99% | 2.63% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 9.64% | 15.68% | 23.39% | 24.33% | -19.32% | 27.85% | 15.17% | 29.35% | -6.26% | 5.99% |
Correlation
The correlation between XDGH.TO and XSP.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2017 | 0.54 |
The correlation between XDGH.TO and XSP.TO shifts across timeframes, from 0.42 (1 year) to 0.54 (all time), reflecting how their relationship changes across market environments.
XDGH.TO vs. XSP.TO - Sectors Allocation Comparison
Sectors
XDGH.TO
XSP.TO
Healthcare
Consumer Defensive
Financial Services
Industrials
Energy
Technology
Consumer Cyclical
Utilities
Communication Services
Basic Materials
Real Estate
Healthcare
XDGH.TO
XSP.TO
Consumer Defensive
XDGH.TO
XSP.TO
Financial Services
XDGH.TO
XSP.TO
Industrials
XDGH.TO
XSP.TO
Energy
XDGH.TO
XSP.TO
Technology
XDGH.TO
XSP.TO
Consumer Cyclical
XDGH.TO
XSP.TO
Utilities
XDGH.TO
XSP.TO
Communication Services
XDGH.TO
XSP.TO
Basic Materials
XDGH.TO
XSP.TO
Real Estate
XDGH.TO
XSP.TO
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Return for Risk
XDGH.TO vs. XSP.TO — Risk / Return Rank
XDGH.TO
XSP.TO
XDGH.TO vs. XSP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) and iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.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.
| XDGH.TO | XSP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.68 | +0.01 |
| Martin ratioReturn relative to average drawdown | 8.01 | 12.40 | -4.39 |
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
| XDGH.TO | XSP.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 2.15 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.73 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.37 | +0.17 |
Drawdowns
XDGH.TO vs. XSP.TO - Drawdown Comparison
The maximum XDGH.TO drawdown since its inception was -32.99%, smaller than the maximum XSP.TO drawdown of -57.82%. Use the drawdown chart below to compare losses from any high point for XDGH.TO and XSP.TO.
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Drawdown Indicators
| XDGH.TO | XSP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.99% | -57.82% | +24.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -9.41% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -11.96% | -18.77% | +6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -25.44% | +10.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.05% | — |
Current DrawdownCurrent decline from peak | -2.25% | -0.73% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -3.63% | -12.11% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.03% | +0.11% |
Volatility
XDGH.TO vs. XSP.TO - Volatility Comparison
The current volatility for iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) is 2.55%, while iShares Core S&P 500 Index ETF (CAD-Hedged) (XSP.TO) has a volatility of 3.25%. This indicates that XDGH.TO experiences smaller price fluctuations and is considered to be less risky than XSP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDGH.TO | XSP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 3.25% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 6.84% | 8.99% | -2.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.67% | 11.75% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.14% | 16.75% | -4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 18.19% | -3.59% |
XDGH.TO vs. XSP.TO - Expense Ratio Comparison
XDGH.TO has a 0.22% expense ratio, which is higher than XSP.TO's 0.09% 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
XDGH.TO vs. XSP.TO - Dividend Comparison
XDGH.TO's dividend yield for the trailing twelve months is around 2.81%, more than XSP.TO's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 2.81% | 2.81% | 3.04% | 3.41% | 3.18% | 3.05% | 3.24% | 2.82% | 3.29% | 0.81% | 0.00% | 0.00% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.12% | 1.23% | 1.09% | 1.18% | 1.37% | 1.00% | 1.31% | 1.73% | 1.84% | 1.47% | 1.75% | 1.86% |
Frequently Asked Questions
XDGH.TO and XSP.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSP.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSP.TO is cheaper with a 0.09% expense ratio, compared with 0.22% for XDGH.TO.
XDGH.TO is categorized as Global Equities, while XSP.TO is S&P 500. XDGH.TO tracks Morningstar Gbl GR CAD, while XSP.TO tracks S&P 500 Index. Their fees differ too: 0.22% for XDGH.TO and 0.09% for XSP.TO.
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