XDSR.TO vs. QDX.TO
XDSR.TO (iShares ESG Advanced MSCI EAFE Index ETF) and QDX.TO (Mackenzie International Equity Index ETF) are both Foreign Large Cap Equities funds - XDSR.TO tracks the MSCI EAFE Choice ESG Screened Index while QDX.TO tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index. Both are passively managed. Over the past 5 years, XDSR.TO returned 9.25%/yr vs 11.33%/yr for QDX.TO. A 0.67 correlation means they provide meaningful diversification when combined. XDSR.TO charges 0.28%/yr vs 0.17%/yr for QDX.TO.
Performance
XDSR.TO vs. QDX.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDSR.TO achieves a 11.94% return, which is significantly higher than QDX.TO's 10.16% return.
XDSR.TO
- 1D
- -0.28%
- 1M
- 7.47%
- YTD
- 11.94%
- 6M
- 11.21%
- 1Y
- 19.37%
- 3Y*
- 15.96%
- 5Y*
- 9.25%
- 10Y*
- —
QDX.TO
- 1D
- -0.28%
- 1M
- 5.44%
- YTD
- 10.16%
- 6M
- 10.81%
- 1Y
- 23.43%
- 3Y*
- 17.81%
- 5Y*
- 11.33%
- 10Y*
- —
XDSR.TO vs. QDX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XDSR.TO iShares ESG Advanced MSCI EAFE Index ETF | 11.94% | 16.05% | 12.43% | 16.82% | -14.11% | 10.05% | 161.23% |
QDX.TO Mackenzie International Equity Index ETF | 10.16% | 25.29% | 12.93% | 13.66% | -8.61% | 11.24% | 18.05% |
Correlation
The correlation between XDSR.TO and QDX.TO is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2020 | 0.67 |
Over the past year, XDSR.TO and QDX.TO have become more correlated (0.91) than their long-term average of 0.67, meaning their price movements have been converging.
XDSR.TO vs. QDX.TO - Sectors Allocation Comparison
Sectors
XDSR.TO
QDX.TO
Financial Services
Technology
Industrials
Healthcare
Communication Services
Basic Materials
Consumer Cyclical
Real Estate
Consumer Defensive
Utilities
Energy
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Financial Services
XDSR.TO
QDX.TO
Technology
XDSR.TO
QDX.TO
Industrials
XDSR.TO
QDX.TO
Healthcare
XDSR.TO
QDX.TO
Communication Services
XDSR.TO
QDX.TO
Basic Materials
XDSR.TO
QDX.TO
Consumer Cyclical
XDSR.TO
QDX.TO
Real Estate
XDSR.TO
QDX.TO
Consumer Defensive
XDSR.TO
QDX.TO
Utilities
XDSR.TO
QDX.TO
Energy
XDSR.TO
-
QDX.TO
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Return for Risk
XDSR.TO vs. QDX.TO — Risk / Return Rank
XDSR.TO
QDX.TO
XDSR.TO vs. QDX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) and Mackenzie International Equity Index ETF (QDX.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.
| XDSR.TO | QDX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.16 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.32 | 8.46 | -2.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDSR.TO | QDX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 1.65 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.82 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.56 | 0.00 |
Drawdowns
XDSR.TO vs. QDX.TO - Drawdown Comparison
The maximum XDSR.TO drawdown since its inception was -29.13%, roughly equal to the maximum QDX.TO drawdown of -28.08%. Use the drawdown chart below to compare losses from any high point for XDSR.TO and QDX.TO.
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Drawdown Indicators
| XDSR.TO | QDX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.13% | -28.08% | -1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.06% | -10.88% | -1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -15.63% | -14.25% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -23.00% | -6.13% |
Current DrawdownCurrent decline from peak | -0.28% | -0.72% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -4.54% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.78% | +0.29% |
Volatility
XDSR.TO vs. QDX.TO - Volatility Comparison
iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) and Mackenzie International Equity Index ETF (QDX.TO) have volatilities of 4.96% and 4.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDSR.TO | QDX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 4.80% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 12.00% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.05% | 14.28% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.77% | 13.94% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.12% | 15.48% | +32.64% |
XDSR.TO vs. QDX.TO - Expense Ratio Comparison
XDSR.TO has a 0.28% expense ratio, which is higher than QDX.TO's 0.17% expense ratio.
Dividends
XDSR.TO vs. QDX.TO - Dividend Comparison
XDSR.TO's dividend yield for the trailing twelve months is around 1.64%, less than QDX.TO's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QDX.TO Mackenzie International Equity Index ETF | 2.63% | 2.51% | 2.48% | 2.61% | 2.73% | 2.25% | 1.91% | 2.76% | 3.03% |
XDSR.TO iShares ESG Advanced MSCI EAFE Index ETF | 1.64% | 1.84% | 1.94% | 1.94% | 2.27% | 1.45% | 0.77% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, XDSR.TO and QDX.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, QDX.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDX.TO is cheaper with a 0.17% expense ratio, compared with 0.28% for XDSR.TO.
XDSR.TO tracks MSCI EAFE Choice ESG Screened Index, while QDX.TO tracks Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index. They also come from different issuers: iShares and Mackenzie. Their fees differ too: 0.28% for XDSR.TO and 0.17% for QDX.TO.
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