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

XDIV.TO vs. DGRC.TO

Last updated Aug 2, 2026
Documentation

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and DGRC.TO (CI Canada Quality Dividend Growth Index ETF) are both Quality Factor funds - XDIV.TO tracks the MSCI Canada High Dividend Yield 10% Security Capped Index while DGRC.TO tracks the WisdomTree Canada Quality Dividend Growth Index. Both are passively managed. Over the past 5 years, XDIV.TO returned 18.81%/yr vs 13.81%/yr for DGRC.TO. Their 0.71 correlation means they have sometimes moved together and sometimes differently. XDIV.TO charges 0.11%/yr vs 0.27%/yr for DGRC.TO.

Performance

XDIV.TO vs. DGRC.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 Canada Quality Dividend Growth Index ETF (DGRC.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 DGRC.TO's 19.68% 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%

DGRC.TO

1D
-0.09%
1M
3.43%
6M
19.75%
YTD
19.68%
1Y
36.25%
3Y*
20.11%
5Y*
13.81%
10Y*
—
ALL TIME*
12.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

DGRC.TO

CI Canada Quality Dividend Growth Index ETF
CA$279.39KCA$354.27KCA$484.71K

XDIV.TO

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

XDIV.TO vs. DGRC.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%6.18%
DGRC.TO
CI Canada Quality Dividend Growth Index ETF		19.68%27.20%12.36%7.79%-1.70%20.84%7.22%18.60%-4.73%3.78%

Correlation

The correlation between XDIV.TO and DGRC.TO is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.67

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

0.72

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

0.73

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2017

0.71

The correlation between XDIV.TO and DGRC.TO has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

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

Sectors
XDIV.TO
DGRC.TO

Financial Services

49.5%
26.3%

Energy

26.7%
18.9%

Utilities

9.9%

-

Consumer Cyclical

9.4%
12.8%

Communication Services

2.4%
1.9%

Industrials

2.1%
16.3%

Technology

1.3%
1.5%

Basic Materials

-

10.3%

Consumer Defensive

-

12.1%

Healthcare

-

-

Real Estate

-

0.1%

Financial Services

XDIV.TO
49.5%
DGRC.TO
26.3%

Energy

XDIV.TO
26.7%
DGRC.TO
18.9%

Utilities

XDIV.TO
9.9%
DGRC.TO

-

Consumer Cyclical

XDIV.TO
9.4%
DGRC.TO
12.8%

Communication Services

XDIV.TO
2.4%
DGRC.TO
1.9%

Industrials

XDIV.TO
2.1%
DGRC.TO
16.3%

Technology

XDIV.TO
1.3%
DGRC.TO
1.5%

Basic Materials

XDIV.TO

-

DGRC.TO
10.3%

Consumer Defensive

XDIV.TO

-

DGRC.TO
12.1%

Healthcare

XDIV.TO

-

DGRC.TO

-

Real Estate

XDIV.TO

-

DGRC.TO
0.1%

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 Canada 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 DGRC.TO:
DGRC.TO vs. 3466.HKDGRC.TO vs. VDY.TODGRC.TO vs. RIT.TODGRC.TO vs. PDC.TODGRC.TO vs. VDIV.DEDGRC.TO vs. SCHDDGRC.TO vs. CIAI.TO

Return for Risk

XDIV.TO vs. DGRC.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
DGRC.TO
DGRC.TO Risk / Return Rank: 9595
Overall Rank
DGRC.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
DGRC.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
DGRC.TO Omega Ratio Rank: 9595
Omega Ratio Rank
DGRC.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
DGRC.TO Martin Ratio Rank: 9696
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. DGRC.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 Canada Quality Dividend Growth Index ETF (DGRC.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.TODGRC.TODifference
Sharpe ratioReturn per unit of total volatility
5.35
3.02

+2.33

Sortino ratioReturn per unit of downside risk
7.62
4.10

+3.53

Omega ratioGain probability vs. loss probability

2.11

1.54

+0.57

Calmar ratioReturn relative to maximum drawdown

16.59

5.92

+10.67

Martin ratioReturn relative to average drawdown

54.78

22.78

+32.00

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

The current XDIV.TO Sharpe Ratio is 5.35, which is higher than the DGRC.TO Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of XDIV.TO and DGRC.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. DGRC.TO - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than DGRC.TO's maximum drawdown of -36.59%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and DGRC.TO.

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Drawdown Indicators

XDIV.TODGRC.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.29%

-36.59%

-4.70%

Max Drawdown (1Y)

Largest decline over 1 year

-2.78%

-5.99%

+3.21%

Max Drawdown (3Y)

Largest decline over 3 years

-10.53%

-12.90%

+2.37%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-15.39%

-1.94%

Current Drawdown

Current decline from peak

0.00%

-0.42%

+0.42%

Average Drawdown

Average peak-to-trough decline

-4.34%

-3.18%

-1.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.84%

1.56%

-0.72%

Volatility

XDIV.TO vs. DGRC.TO - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.31%, while CI Canada Quality Dividend Growth Index ETF (DGRC.TO) has a volatility of 2.50%. This indicates that XDIV.TO experiences smaller price fluctuations and is considered to be less risky than DGRC.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.TODGRC.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.31%

2.50%

-0.19%

Volatility (6M)

Calculated over the trailing 6-month period

6.72%

8.49%

-1.77%

Volatility (1Y)

Calculated over the trailing 1-year period

8.65%

11.76%

-3.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.55%

12.51%

-1.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

14.63%

+1.63%

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

XDIV.TO has a 0.11% expense ratio, which is lower than DGRC.TO's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XDIV.TO vs. DGRC.TO - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.08%, more than DGRC.TO's 2.26% yield.

PositionTTM202520242023202220212020201920182017
DGRC.TO
CI Canada Quality Dividend Growth Index ETF		2.26%2.58%2.46%2.56%2.48%1.87%3.06%2.20%1.79%0.23%
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%

Frequently Asked Questions

XDIV.TO and DGRC.TO have a correlation of 0.67, 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 0.27% for DGRC.TO.

XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while DGRC.TO tracks WisdomTree Canada Quality Dividend Growth Index. They also come from different issuers: iShares and CI. Their fees differ too: 0.11% for XDIV.TO and 0.27% for DGRC.TO.

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