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

XDIV.TO vs. DXJ

Last updated Jun 14, 2026

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 5 years, XDIV.TO returned 17.21%/yr vs 29.70%/yr for DXJ. At a 0.44 correlation, their price movements are largely independent. XDIV.TO charges 0.11%/yr vs 0.48%/yr for DXJ.

Performance

XDIV.TO vs. DXJ - 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 WisdomTree Japan Hedged Equity Fund (DXJ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XDIV.TO is traded in CAD, while DXJ is traded in USD. To make them comparable, the DXJ values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with XDIV.TO having a 21.85% return and DXJ slightly lower at 21.14%.

XDIV.TO

1D
0.57%
1M
4.53%
YTD
21.85%
6M
20.22%
1Y
40.47%
3Y*
24.13%
5Y*
17.21%
10Y*
—

DXJ

1D
0.92%
1M
1.57%
YTD
21.14%
6M
21.56%
1Y
58.68%
3Y*
32.87%
5Y*
29.70%
10Y*
19.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDIV.TO vs. DXJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		21.85%25.04%19.84%11.95%0.49%33.31%-7.53%25.14%-9.81%8.00%
DXJ
WisdomTree Japan Hedged Equity Fund		21.14%26.72%40.82%38.66%12.68%17.93%1.47%14.04%-13.04%9.76%

Correlation

The correlation between XDIV.TO and DXJ is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

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

0.34

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

0.39

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2017

0.44

The correlation between XDIV.TO and DXJ shifts across timeframes, from 0.31 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.

XDIV.TO vs. DXJ - Sectors Allocation Comparison

Sectors
XDIV.TO
DXJ

Financial Services

46.7%
18.3%

Energy

28.8%
1.7%

Consumer Cyclical

11.5%
15.6%

Utilities

11.3%
0.1%

Technology

1.3%
12.9%

Communication Services

0.4%
2.7%

Basic Materials

-

8.5%

Consumer Defensive

-

4.7%

Healthcare

-

6.8%

Industrials

-

27.4%

Real Estate

-

-

Financial Services

XDIV.TO
46.7%
DXJ
18.3%

Energy

XDIV.TO
28.8%
DXJ
1.7%

Consumer Cyclical

XDIV.TO
11.5%
DXJ
15.6%

Utilities

XDIV.TO
11.3%
DXJ
0.1%

Technology

XDIV.TO
1.3%
DXJ
12.9%

Communication Services

XDIV.TO
0.4%
DXJ
2.7%

Basic Materials

XDIV.TO

-

DXJ
8.5%

Consumer Defensive

XDIV.TO

-

DXJ
4.7%

Healthcare

XDIV.TO

-

DXJ
6.8%

Industrials

XDIV.TO

-

DXJ
27.4%

Real Estate

XDIV.TO

-

DXJ

-

Compare stocks, funds, or ETFs

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iShares Core MSCI Canadian Quality Dividend Index ETF

WisdomTree Japan Hedged Equity Fund

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 DXJ:
DXJ vs. EWJDXJ vs. EWJVDXJ vs. DXJSDXJ vs. FLJPDXJ vs. BBJPDXJ vs. VOODXJ vs. DBJP

Return for Risk

XDIV.TO vs. DXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9898
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
DXJ
DXJ Risk / Return Rank: 9292
Overall Rank
DXJ Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DXJ Sortino Ratio Rank: 9393
Sortino Ratio Rank
DXJ Omega Ratio Rank: 9292
Omega Ratio Rank
DXJ Calmar Ratio Rank: 9090
Calmar Ratio Rank
DXJ Martin Ratio Rank: 9191
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.

XDIV.TO vs. DXJ - 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 WisdomTree Japan Hedged Equity Fund (DXJ). 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.TODXJDifference
Sharpe ratioReturn per unit of total volatility
5.14
3.16

+1.98

Sortino ratioReturn per unit of downside risk
7.59
4.16

+3.43

Omega ratioGain probability vs. loss probability

2.07

1.55

+0.52

Calmar ratioReturn relative to maximum drawdown

17.55

5.31

+12.24

Martin ratioReturn relative to average drawdown

59.35

19.99

+39.35

XDIV.TO vs. DXJ - Sharpe Ratio Comparison

The current XDIV.TO Sharpe Ratio is 5.14, which is higher than the DXJ Sharpe Ratio of 3.16. The chart below compares the historical Sharpe Ratios of XDIV.TO and DXJ, 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. DXJ - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.29%, smaller than the maximum DXJ drawdown of -51.50%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and DXJ.

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Drawdown Indicators

XDIV.TODXJDifference

Max Drawdown

Largest peak-to-trough decline

-41.29%

-51.50%

+10.21%

Max Drawdown (1Y)

Largest decline over 1 year

-2.32%

-10.75%

+8.43%

Max Drawdown (3Y)

Largest decline over 3 years

-10.53%

-20.75%

+10.22%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-20.75%

+3.42%

Max Drawdown (10Y)

Largest decline over 10 years

—

-32.56%

—

Current Drawdown

Current decline from peak

0.00%

-0.77%

+0.77%

Average Drawdown

Average peak-to-trough decline

-4.39%

-15.95%

+11.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.69%

2.85%

-2.16%

Volatility

XDIV.TO vs. DXJ - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.47%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 4.84%. This indicates that XDIV.TO experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDIV.TODXJDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.47%

4.84%

-2.37%

Volatility (6M)

Calculated over the trailing 6-month period

6.45%

14.04%

-7.59%

Volatility (1Y)

Calculated over the trailing 1-year period

7.95%

18.09%

-10.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.51%

20.06%

-9.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.33%

21.25%

-4.92%

XDIV.TO vs. DXJ - Expense Ratio Comparison

XDIV.TO has a 0.11% expense ratio, which is lower than DXJ's 0.48% expense ratio.

Dividends

XDIV.TO vs. DXJ - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.25%, more than DXJ's 1.09% yield.

PositionTTM20252024202320222021202020192018201720162015
DXJ
WisdomTree Japan Hedged Equity Fund		1.09%1.29%3.48%3.44%3.02%2.64%2.53%2.47%2.92%2.30%1.98%5.95%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.25%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%0.00%0.00%

Frequently Asked Questions

XDIV.TO and DXJ have a correlation of 0.31, 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 0.48% for DXJ.

XDIV.TO is categorized as Dividend, while DXJ is Japan Equities. XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.11% for XDIV.TO and 0.48% for DXJ.

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