XDIV.TO vs. VEQT.TO

Last updated Jun 14, 2026

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while VEQT.TO is a Global Equities fund actively managed by Vanguard. XDIV.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, XDIV.TO returned 17.21%/yr vs 13.79%/yr for VEQT.TO. A 0.66 correlation means they provide meaningful diversification when combined. XDIV.TO charges 0.11%/yr vs 0.24%/yr for VEQT.TO.

Performance

XDIV.TO vs. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDIV.TO achieves a 21.85% return, which is significantly higher than VEQT.TO's 12.47% return.

XDIV.TO

• 1D: 0.57%
• 1M: 4.75%
• YTD: 21.85%
• 6M: 20.22%
• 1Y: 40.47%
• 3Y*: 24.13%
• 5Y*: 17.21%
• 10Y*: —

VEQT.TO

• 1D: 0.68%
• 1M: 2.03%
• YTD: 12.47%
• 6M: 12.94%
• 1Y: 31.77%
• 3Y*: 21.97%
• 5Y*: 13.79%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	21.85%	25.04%	19.84%	11.95%	0.49%	33.31%	-7.53%	15.70%
VEQT.TO Vanguard All-Equity ETF Portfolio	12.47%	20.37%	24.98%	16.71%	-10.76%	19.62%	11.43%	13.06%

Correlation

The correlation between XDIV.TO and VEQT.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019	0.66

The correlation between XDIV.TO and VEQT.TO shifts across timeframes, from 0.48 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

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

Sectors	XDIV.TO	VEQT.TO
Financial Services	46.7%	20.7%
Energy	28.8%	8.7%
Consumer Cyclical	11.5%	7.8%
Utilities	11.3%	2.8%
Technology	1.3%	20.3%
Communication Services	0.4%	6.0%
Basic Materials	-	8.6%
Consumer Defensive	-	4.5%
Healthcare	-	6.6%
Industrials	-	11.6%
Real Estate	-	2.2%

Return for Risk

XDIV.TO vs. VEQT.TO — 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: 98
XDIV.TO Sharpe Ratio Rank: 98
XDIV.TO Sortino Ratio Rank: 98
XDIV.TO Omega Ratio Rank: 98
XDIV.TO Calmar Ratio Rank: 99
XDIV.TO Martin Ratio Rank: 98

VEQT.TO

VEQT.TO Risk / Return Rank: 86
VEQT.TO Sharpe Ratio Rank: 88
VEQT.TO Sortino Ratio Rank: 87
VEQT.TO Omega Ratio Rank: 86
VEQT.TO Calmar Ratio Rank: 82
VEQT.TO Martin Ratio Rank: 87

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. VEQT.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 Vanguard All-Equity ETF Portfolio (VEQT.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.TO	VEQT.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.14	2.50	+2.64
Sortino ratio: Return per unit of downside risk	7.59	3.40	+4.19
Omega ratio: Gain probability vs. loss probability	2.07	1.46	+0.61
Calmar ratio: Return relative to maximum drawdown	17.55	3.78	+13.77
Martin ratio: Return relative to average drawdown	59.35	16.35	+43.00

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

The current XDIV.TO Sharpe Ratio is 5.14, which is higher than the VEQT.TO Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of XDIV.TO and VEQT.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.

Drawdowns

XDIV.TO vs. VEQT.TO - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than VEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and VEQT.TO.

Drawdown Indicators

	XDIV.TO	VEQT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.29%	-30.45%	-10.84%
Max Drawdown (1Y) Largest decline over 1 year	-2.32%	-8.05%	+5.73%
Max Drawdown (3Y) Largest decline over 3 years	-10.53%	-15.46%	+4.93%
Max Drawdown (5Y) Largest decline over 5 years	-17.33%	-18.32%	+0.99%
Current Drawdown Current decline from peak	0.00%	-0.84%	+0.84%
Average Drawdown Average peak-to-trough decline	-4.39%	-3.70%	-0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	1.86%	-1.17%

Volatility

XDIV.TO vs. VEQT.TO - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.47%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 5.00%. This indicates that XDIV.TO experiences smaller price fluctuations and is considered to be less risky than VEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDIV.TO	VEQT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	5.00%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	10.08%	-3.63%
Volatility (1Y) Calculated over the trailing 1-year period	7.95%	12.18%	-4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.51%	12.99%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.33%	15.80%	+0.53%

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

XDIV.TO has a 0.11% expense ratio, which is lower than VEQT.TO's 0.24% 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. VEQT.TO - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.25%, more than VEQT.TO's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEQT.TO Vanguard All-Equity ETF Portfolio	1.26%	1.42%	1.58%	1.88%	2.09%	1.40%	1.48%	1.43%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both XDIV.TO and VEQT.TO in my portfolio?

XDIV.TO and VEQT.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDIV.TO or VEQT.TO?

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.

Which ETF is cheaper, XDIV.TO or VEQT.TO?

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.24% for VEQT.TO.

What is the main difference between XDIV.TO and VEQT.TO?

XDIV.TO is categorized as Dividend, while VEQT.TO is Global Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.11% for XDIV.TO and 0.24% for VEQT.TO.