XDIV.TO vs. XDGH.TO
XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and XDGH.TO (iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged)) are both Quality Factor funds from iShares - XDIV.TO tracks the MSCI Canada High Dividend Yield 10% Security Capped Index while XDGH.TO tracks the Morningstar Gbl GR CAD. Both are passively managed. Over the past 5 years, XDIV.TO returned 18.81%/yr vs 9.58%/yr for XDGH.TO. Their 0.47 correlation means their historical movements had little consistent relationship. XDIV.TO charges 0.11%/yr vs 0.22%/yr for XDGH.TO.
Performance
XDIV.TO vs. XDGH.TO - Performance Comparison
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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 XDGH.TO's 13.52% 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%
XDGH.TO
- 1D
- 0.21%
- 1M
- 0.58%
- 6M
- 9.59%
- YTD
- 13.52%
- 1Y
- 24.36%
- 3Y*
- 13.75%
- 5Y*
- 9.58%
- 10Y*
- —
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$126.08K | CA$94.81K | CA$68.81K | |
| CA$9.07M | CA$8.75M | CA$8.92M |
XDIV.TO vs. XDGH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 5.14% |
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 13.52% | 14.60% | 10.49% | 9.52% | -1.31% | 15.69% | -4.23% | 22.41% | -8.05% | 8.13% |
Correlation
The correlation between XDIV.TO and XDGH.TO is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017 | 0.47 |
The correlation between XDIV.TO and XDGH.TO has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.
XDIV.TO vs. XDGH.TO - Sectors Allocation Comparison
Sectors
XDIV.TO
XDGH.TO
Financial Services
Energy
Utilities
Consumer Cyclical
Communication Services
Industrials
Technology
Basic Materials
-
Consumer Defensive
-
Healthcare
-
Real Estate
-
Financial Services
XDIV.TO
XDGH.TO
Energy
XDIV.TO
XDGH.TO
Utilities
XDIV.TO
XDGH.TO
Consumer Cyclical
XDIV.TO
XDGH.TO
Communication Services
XDIV.TO
XDGH.TO
Industrials
XDIV.TO
XDGH.TO
Technology
XDIV.TO
XDGH.TO
Basic Materials
XDIV.TO
-
XDGH.TO
Consumer Defensive
XDIV.TO
-
XDGH.TO
Healthcare
XDIV.TO
-
XDGH.TO
Real Estate
XDIV.TO
-
XDGH.TO
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Return for Risk
XDIV.TO vs. XDGH.TO — Risk / Return Rank
XDIV.TO
XDGH.TO
XDIV.TO vs. XDGH.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 iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.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 | XDGH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.00 | ||
| Sortino ratioReturn per unit of downside risk | +4.13 | ||
| Omega ratioGain probability vs. loss probability | 2.11 | 1.42 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 16.59 | 3.70 | +12.89 |
| Martin ratioReturn relative to average drawdown | 54.78 | 11.05 | +43.73 |
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Drawdowns
XDIV.TO vs. XDGH.TO - Drawdown Comparison
The maximum XDIV.TO drawdown since its inception was -41.29%, which is greater than XDGH.TO's maximum drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and XDGH.TO.
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Drawdown Indicators
| XDIV.TO | XDGH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.29% | -34.91% | -6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -6.38% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -10.53% | -11.96% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.33% | -16.06% | -1.27% |
Current DrawdownCurrent decline from peak | 0.00% | -1.00% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -4.60% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.84% | 2.13% | -1.29% |
Volatility
XDIV.TO vs. XDGH.TO - Volatility Comparison
The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.31%, while iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) (XDGH.TO) has a volatility of 4.29%. This indicates that XDIV.TO experiences smaller price fluctuations and is considered to be less risky than XDGH.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.TO | XDGH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.31% | 4.29% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 7.77% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.65% | 10.07% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.55% | 14.47% | -3.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 23.32% | -7.06% |
XDIV.TO vs. XDGH.TO - Expense Ratio Comparison
XDIV.TO has a 0.11% expense ratio, which is lower than XDGH.TO's 0.22% 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. XDGH.TO - Dividend Comparison
XDIV.TO's dividend yield for the trailing twelve months is around 3.08%, more than XDGH.TO's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XDGH.TO iShares Core MSCI Global Quality Dividend Index ETF (CAD-Hedged) | 2.67% | 2.81% | 3.04% | 3.41% | 3.20% | 3.13% | 3.35% | 2.92% | 3.40% | 1.27% |
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 XDGH.TO have a correlation of 0.47, 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 0.22% for XDGH.TO.
XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while XDGH.TO tracks Morningstar Gbl GR CAD. Their fees differ too: 0.11% for XDIV.TO and 0.22% for XDGH.TO.
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