XDIV.TO vs. VGSH
XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and VGSH (Vanguard Short-Term Treasury ETF) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, XDIV.TO returned 17.21%/yr vs 4.81%/yr for VGSH. At a correlation of -0.05, they often move in opposite directions. XDIV.TO charges 0.11%/yr vs 0.03%/yr for VGSH.
Performance
XDIV.TO vs. VGSH - Performance Comparison
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Different Trading Currencies
XDIV.TO is traded in CAD, while VGSH is traded in USD. To make them comparable, the VGSH 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 VGSH's 2.61% 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*
- —
VGSH
- 1D
- 0.15%
- 1M
- 2.10%
- YTD
- 2.61%
- 6M
- 2.27%
- 1Y
- 6.22%
- 3Y*
- 5.81%
- 5Y*
- 4.81%
- 10Y*
- 2.60%
XDIV.TO vs. VGSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGSH Vanguard Short-Term Treasury ETF | 2.61% | 0.28% | 12.81% | 1.82% | 2.23% | -0.64% | 0.59% | -0.75% | 10.09% | -6.66% |
Correlation
The correlation between XDIV.TO and VGSH is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017 | -0.05 |
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Return for Risk
XDIV.TO vs. VGSH — Risk / Return Rank
XDIV.TO
VGSH
XDIV.TO vs. VGSH - 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 Short-Term Treasury ETF (VGSH). 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 | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.94 | ||
| Sortino ratioReturn per unit of downside risk | +5.89 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.21 | +0.85 |
| Calmar ratioReturn relative to maximum drawdown | 17.55 | 1.46 | +16.10 |
| Martin ratioReturn relative to average drawdown | 59.35 | 3.56 | +55.79 |
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Drawdowns
XDIV.TO vs. VGSH - Drawdown Comparison
The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than VGSH's maximum drawdown of -16.61%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and VGSH.
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Drawdown Indicators
| XDIV.TO | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.29% | -16.61% | -24.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.32% | -3.87% | +1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -10.53% | -5.99% | -4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -17.33% | -6.36% | -10.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.61% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -6.28% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.59% | -0.90% |
Volatility
XDIV.TO vs. VGSH - Volatility Comparison
iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) has a higher volatility of 2.47% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.90%. This indicates that XDIV.TO's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDIV.TO | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 0.90% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 6.45% | 3.24% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.95% | 4.71% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.51% | 6.59% | +3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 6.84% | +9.49% |
XDIV.TO vs. VGSH - Expense Ratio Comparison
XDIV.TO has a 0.11% expense ratio, which is higher than VGSH's 0.03% expense ratio. However, 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. VGSH - Dividend Comparison
XDIV.TO's dividend yield for the trailing twelve months is around 3.25%, less than VGSH's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGSH Vanguard Short-Term Treasury ETF | 3.87% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
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 VGSH have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGSH is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGSH is cheaper with a 0.03% expense ratio, compared with 0.11% for XDIV.TO.
XDIV.TO is categorized as Dividend, while VGSH is Government Bonds. XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while VGSH tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.11% for XDIV.TO and 0.03% for VGSH.
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