PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XDIV.TO vs. LVHI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDIV.TO vs. LVHI

Last updated Jun 13, 2026

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, XDIV.TO returned 17.21%/yr vs 19.40%/yr for LVHI. At a 0.48 correlation, their price movements are largely independent. XDIV.TO charges 0.11%/yr vs 0.40%/yr for LVHI.

Performance

XDIV.TO vs. LVHI - 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 Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XDIV.TO achieves a 21.85% return, which is significantly higher than LVHI's 16.20% return.

XDIV.TO

1D
0.57%
1M
5.40%
YTD
21.85%
6M
20.22%
1Y
40.60%
3Y*
24.13%
5Y*
17.21%
10Y*
—

LVHI

1D
0.78%
1M
3.45%
YTD
16.20%
6M
16.73%
1Y
34.74%
3Y*
23.38%
5Y*
19.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDIV.TO vs. LVHI - 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%
LVHI
Franklin International Low Volatility High Dividend Index ETF		16.20%21.32%24.53%14.66%10.42%18.13%-10.92%13.47%2.75%-5.40%

Correlation

The correlation between XDIV.TO and LVHI 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

0.54

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

0.50

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

0.48

The correlation between XDIV.TO and LVHI has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.

XDIV.TO vs. LVHI - Sectors Allocation Comparison

Sectors
XDIV.TO
LVHI

Financial Services

46.7%
23.6%

Energy

28.8%
17.4%

Consumer Cyclical

11.5%
5.3%

Utilities

11.3%
10.4%

Technology

1.3%
0.1%

Communication Services

0.4%
5.8%

Basic Materials

-

6.1%

Consumer Defensive

-

8.7%

Healthcare

-

7.4%

Industrials

-

13.4%

Real Estate

-

1.9%

Financial Services

XDIV.TO
46.7%
LVHI
23.6%

Energy

XDIV.TO
28.8%
LVHI
17.4%

Consumer Cyclical

XDIV.TO
11.5%
LVHI
5.3%

Utilities

XDIV.TO
11.3%
LVHI
10.4%

Technology

XDIV.TO
1.3%
LVHI
0.1%

Communication Services

XDIV.TO
0.4%
LVHI
5.8%

Basic Materials

XDIV.TO

-

LVHI
6.1%

Consumer Defensive

XDIV.TO

-

LVHI
8.7%

Healthcare

XDIV.TO

-

LVHI
7.4%

Industrials

XDIV.TO

-

LVHI
13.4%

Real Estate

XDIV.TO

-

LVHI
1.9%

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

Franklin International Low Volatility High Dividend 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 LVHI:
LVHI vs. SCHDLVHI vs. IDVLVHI vs. DIVILVHI vs. VYMILVHI vs. VOOLVHI vs. SPYLVHI vs. VFQY

Return for Risk

XDIV.TO vs. LVHI — 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
LVHI
LVHI Risk / Return Rank: 9494
Overall Rank
LVHI Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
LVHI Sortino Ratio Rank: 9595
Sortino Ratio Rank
LVHI Omega Ratio Rank: 9494
Omega Ratio Rank
LVHI Calmar Ratio Rank: 9292
Calmar Ratio Rank
LVHI Martin Ratio Rank: 9393
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. LVHI - 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 Franklin International Low Volatility High Dividend Index ETF (LVHI). 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.TOLVHIDifference
Sharpe ratioReturn per unit of total volatility
5.14
3.33

+1.80

Sortino ratioReturn per unit of downside risk
7.59
4.68

+2.91

Omega ratioGain probability vs. loss probability

2.07

1.60

+0.47

Calmar ratioReturn relative to maximum drawdown

17.55

6.16

+11.39

Martin ratioReturn relative to average drawdown

59.35

21.15

+38.20

XDIV.TO vs. LVHI - Sharpe Ratio Comparison

The current XDIV.TO Sharpe Ratio is 5.14, which is higher than the LVHI Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of XDIV.TO and LVHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

XDIV.TO vs. LVHI - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than LVHI's maximum drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and LVHI.

Loading charts...

Drawdown Indicators

XDIV.TOLVHIDifference

Max Drawdown

Largest peak-to-trough decline

-41.29%

-29.52%

-11.77%

Max Drawdown (1Y)

Largest decline over 1 year

-2.32%

-5.66%

+3.34%

Max Drawdown (3Y)

Largest decline over 3 years

-10.53%

-12.48%

+1.95%

Max Drawdown (5Y)

Largest decline over 5 years

-17.33%

-12.48%

-4.85%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.39%

-4.53%

+0.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.69%

1.66%

-0.97%

Volatility

XDIV.TO vs. LVHI - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.47%, while Franklin International Low Volatility High Dividend Index ETF (LVHI) has a volatility of 3.01%. This indicates that XDIV.TO experiences smaller price fluctuations and is considered to be less risky than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XDIV.TOLVHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.47%

3.01%

-0.54%

Volatility (6M)

Calculated over the trailing 6-month period

6.45%

8.51%

-2.06%

Volatility (1Y)

Calculated over the trailing 1-year period

7.95%

10.47%

-2.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.51%

12.86%

-2.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.33%

15.35%

+0.98%

XDIV.TO vs. LVHI - Expense Ratio Comparison

XDIV.TO has a 0.11% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

XDIV.TO vs. LVHI - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.25%, less than LVHI's 4.69% yield.

PositionTTM2025202420232022202120202019201820172016
LVHI
Franklin International Low Volatility High Dividend Index ETF		4.69%4.92%3.98%8.12%7.74%4.13%3.97%6.67%10.67%3.38%2.02%
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%

Frequently Asked Questions

XDIV.TO and LVHI 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.

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 0.40% for LVHI.

XDIV.TO is categorized as Dividend, while LVHI is Volatility Hedged Equity. XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.11% for XDIV.TO and 0.40% for LVHI.

Portfolio Optimizer

Find the right allocation for XDIV.TO and LVHI

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer