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XDIV.TO vs. DGR.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDIV.TO vs. DGR.TO

Last updated Aug 2, 2026
Documentation

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and DGR.TO (CI U.S. Quality Dividend Growth Index ETF) are both Quality Factor funds - XDIV.TO tracks the MSCI Canada High Dividend Yield 10% Security Capped Index while DGR.TO tracks the WisdomTree U.S. Quality Dividend Growth Index CAD. Both are passively managed. Over the past 5 years, XDIV.TO returned 18.81%/yr vs 9.79%/yr for DGR.TO. Their 0.48 correlation means their historical movements had little consistent relationship. XDIV.TO charges 0.11%/yr vs 0.38%/yr for DGR.TO.

Performance

XDIV.TO vs. DGR.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) and CI U.S. Quality Dividend Growth Index ETF (DGR.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, XDIV.TO achieves a 29.20% return, which is significantly higher than DGR.TO's 6.15% return.

XDIV.TO

1D
0.17%
1M
5.65%
6M
27.57%
YTD
29.20%
1Y
46.87%
3Y*
25.73%
5Y*
18.81%
10Y*
—
ALL TIME*
13.97%

DGR.TO

1D
0.39%
1M
0.41%
6M
4.67%
YTD
6.15%
1Y
13.25%
3Y*
11.98%
5Y*
9.79%
10Y*
11.97%
ALL TIME*
11.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DGR.TO

CI U.S. Quality Dividend Growth Index ETF
CA$32.50KCA$91.64KCA$88.11K

XDIV.TO

iShares Core MSCI Canadian Quality Dividend Index ETF
CA$9.07MCA$8.75MCA$8.92M

XDIV.TO vs. DGR.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		29.20%25.04%19.84%11.95%0.49%33.31%-7.53%25.14%-9.81%8.81%
DGR.TO
CI U.S. Quality Dividend Growth Index ETF		6.15%10.57%16.04%17.92%-8.16%24.28%10.08%28.48%-7.88%13.85%

Correlation

The correlation between XDIV.TO and DGR.TO is 0.35, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.35

Correlation (3Y)
Balances recent behavior with more history.

0.46

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.53

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2017

0.48

The correlation between XDIV.TO and DGR.TO shifts across timeframes, from 0.35 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

XDIV.TO vs. DGR.TO - Sectors Allocation Comparison

Sectors
XDIV.TO
DGR.TO

Financial Services

49.5%
8.4%

Energy

26.7%
4.5%

Utilities

9.9%
0.2%

Consumer Cyclical

9.4%
8.0%

Communication Services

2.4%
11.1%

Industrials

2.1%
11.8%

Technology

1.3%
33.8%

Basic Materials

-

2.8%

Consumer Defensive

-

6.7%

Healthcare

-

12.8%

Real Estate

-

-

Financial Services

XDIV.TO
49.5%
DGR.TO
8.4%

Energy

XDIV.TO
26.7%
DGR.TO
4.5%

Utilities

XDIV.TO
9.9%
DGR.TO
0.2%

Consumer Cyclical

XDIV.TO
9.4%
DGR.TO
8.0%

Communication Services

XDIV.TO
2.4%
DGR.TO
11.1%

Industrials

XDIV.TO
2.1%
DGR.TO
11.8%

Technology

XDIV.TO
1.3%
DGR.TO
33.8%

Basic Materials

XDIV.TO

-

DGR.TO
2.8%

Consumer Defensive

XDIV.TO

-

DGR.TO
6.7%

Healthcare

XDIV.TO

-

DGR.TO
12.8%

Real Estate

XDIV.TO

-

DGR.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI Canadian Quality Dividend Index ETF

CI U.S. Quality Dividend Growth Index ETF

Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO
Often compared with DGR.TO:
DGR.TO vs. EHE.TODGR.TO vs. ZZZD.TODGR.TO vs. ZUD.TODGR.TO vs. CINF.TODGR.TO vs. CMNY.TODGR.TO vs. VUDV.TODGR.TO vs. DXU.TO

Return for Risk

XDIV.TO vs. DGR.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
Martin Ratio Rank
DGR.TO
DGR.TO Risk / Return Rank: 4343
Overall Rank
DGR.TO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
DGR.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
DGR.TO Omega Ratio Rank: 4343
Omega Ratio Rank
DGR.TO Calmar Ratio Rank: 3838
Calmar Ratio Rank
DGR.TO Martin Ratio Rank: 4646
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XDIV.TO vs. DGR.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) and CI U.S. Quality Dividend Growth Index ETF (DGR.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.

XDIV.TODGR.TODifference
Sharpe ratioReturn per unit of total volatility
5.35
1.10

+4.25

Sortino ratioReturn per unit of downside risk
7.62
1.69

+5.93

Omega ratioGain probability vs. loss probability

2.11

1.20

+0.91

Calmar ratioReturn relative to maximum drawdown

16.59

1.36

+15.24

Martin ratioReturn relative to average drawdown

54.78

5.26

+49.52

XDIV.TO vs. DGR.TO - Sharpe Ratio Comparison

The current XDIV.TO Sharpe Ratio is 5.35, which is higher than the DGR.TO Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of XDIV.TO and DGR.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

XDIV.TO vs. DGR.TO - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than DGR.TO's maximum drawdown of -30.73%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and DGR.TO.

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Drawdown Indicators

XDIV.TODGR.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.29%

-30.73%

-10.56%

Max Drawdown (1Y)

Largest decline over 1 year

-2.78%

-8.55%

+5.77%

Max Drawdown (3Y)

Largest decline over 3 years

-10.53%

-16.65%

+6.12%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-17.92%

+0.59%

Max Drawdown (10Y)

Largest decline over 10 years

—

-30.73%

—

Current Drawdown

Current decline from peak

0.00%

-1.83%

+1.83%

Average Drawdown

Average peak-to-trough decline

-4.34%

-3.51%

-0.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.84%

2.21%

-1.37%

Volatility

XDIV.TO vs. DGR.TO - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.31%, while CI U.S. Quality Dividend Growth Index ETF (DGR.TO) has a volatility of 2.72%. This indicates that XDIV.TO experiences smaller price fluctuations and is considered to be less risky than DGR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDIV.TODGR.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.31%

2.72%

-0.41%

Volatility (6M)

Calculated over the trailing 6-month period

6.72%

8.27%

-1.55%

Volatility (1Y)

Calculated over the trailing 1-year period

8.65%

10.55%

-1.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.55%

14.08%

-3.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

15.21%

+1.05%

XDIV.TO vs. DGR.TO - Expense Ratio Comparison

XDIV.TO has a 0.11% expense ratio, which is lower than DGR.TO's 0.38% expense ratio.

Dividends

XDIV.TO vs. DGR.TO - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.08%, more than DGR.TO's 1.14% yield.

PositionTTM2025202420232022202120202019201820172016
DGR.TO
CI U.S. Quality Dividend Growth Index ETF		1.14%1.24%0.94%1.53%1.70%1.26%1.29%1.67%1.94%1.29%0.62%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.08%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%0.00%

Frequently Asked Questions

XDIV.TO and DGR.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.38% for DGR.TO.

XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while DGR.TO tracks WisdomTree U.S. Quality Dividend Growth Index CAD. They also come from different issuers: iShares and CI. Their fees differ too: 0.11% for XDIV.TO and 0.38% for DGR.TO.

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