XDV.TO vs. BKCC.TO

Last updated Jun 4, 2026

XDV.TO (iShares Canadian Select Dividend Index ETF) and BKCC.TO (Global X Equal Weight Canadian Bank Covered Call ETF) are both exchange-traded funds - XDV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while BKCC.TO is a Derivative Income fund actively managed by Global X. XDV.TO is passively managed, while BKCC.TO is actively managed. Over the past 10 years, XDV.TO returned 11.99%/yr vs 9.35%/yr for BKCC.TO. A 0.60 correlation means they provide meaningful diversification when combined. XDV.TO charges 0.55%/yr vs 0.84%/yr for BKCC.TO.

Performance

XDV.TO vs. BKCC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Select Dividend Index ETF (XDV.TO) and Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDV.TO achieves a 16.45% return, which is significantly higher than BKCC.TO's 14.24% return. Over the past 10 years, XDV.TO has outperformed BKCC.TO with an annualized return of 11.99%, while BKCC.TO has yielded a comparatively lower 9.35% annualized return.

XDV.TO

• 1D: -0.09%
• 1M: 4.74%
• YTD: 16.45%
• 6M: 20.26%
• 1Y: 39.82%
• 3Y*: 23.34%
• 5Y*: 13.46%
• 10Y*: 11.99%

BKCC.TO

• 1D: -0.27%
• 1M: 3.92%
• YTD: 14.24%
• 6M: 18.13%
• 1Y: 41.73%
• 3Y*: 22.19%
• 5Y*: 10.06%
• 10Y*: 9.35%

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

XDV.TO vs. BKCC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDV.TO iShares Canadian Select Dividend Index ETF	16.45%	29.37%	21.28%	8.00%	-8.57%	31.30%	-0.38%	21.30%	-12.48%	11.06%
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	14.24%	28.05%	17.14%	5.41%	-14.52%	28.26%	-2.82%	19.86%	-14.78%	11.07%

Correlation

The correlation between XDV.TO and BKCC.TO is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since May 19, 2011	0.60

Over the past year, XDV.TO and BKCC.TO have become more correlated (0.81) than their long-term average of 0.60, meaning their price movements have been converging.

XDV.TO vs. BKCC.TO - Sectors Allocation Comparison

Sectors	XDV.TO	BKCC.TO
Financial Services	51.5%	100.0%
Energy	11.8%	-
Consumer Cyclical	11.5%	-
Utilities	11.0%	-
Communication Services	7.5%	-
Industrials	3.3%	-
Consumer Defensive	1.7%	-
Basic Materials	1.6%	-
Healthcare	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

XDV.TO vs. BKCC.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDV.TO

XDV.TO Risk / Return Rank: 97
XDV.TO Sharpe Ratio Rank: 97
XDV.TO Sortino Ratio Rank: 98
XDV.TO Omega Ratio Rank: 98
XDV.TO Calmar Ratio Rank: 95
XDV.TO Martin Ratio Rank: 97

BKCC.TO

BKCC.TO Risk / Return Rank: 94
BKCC.TO Sharpe Ratio Rank: 96
BKCC.TO Sortino Ratio Rank: 96
BKCC.TO Omega Ratio Rank: 96
BKCC.TO Calmar Ratio Rank: 91
BKCC.TO Martin Ratio Rank: 94

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.

XDV.TO vs. BKCC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Select Dividend Index ETF (XDV.TO) and Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.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.

	XDV.TO	BKCC.TO	Difference
Sharpe ratio: Return per unit of total volatility	5.11	4.06	+1.05
Sortino ratio: Return per unit of downside risk	7.58	5.85	+1.73
Omega ratio: Gain probability vs. loss probability	2.02	1.80	+0.22
Calmar ratio: Return relative to maximum drawdown	8.35	5.75	+2.61
Martin ratio: Return relative to average drawdown	41.42	26.70	+14.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDV.TO vs. BKCC.TO - Sharpe Ratio Comparison

The current XDV.TO Sharpe Ratio is 5.11, which is comparable to the BKCC.TO Sharpe Ratio of 4.06. The chart below compares the historical Sharpe Ratios of XDV.TO and BKCC.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.

Sharpe Ratios by Period

	XDV.TO	BKCC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.11	4.06	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.26	0.79	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.55	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.00	+0.59

Drawdowns

XDV.TO vs. BKCC.TO - Drawdown Comparison

The maximum XDV.TO drawdown since its inception was -48.56%, which is greater than BKCC.TO's maximum drawdown of -41.18%. Use the drawdown chart below to compare losses from any high point for XDV.TO and BKCC.TO.

Drawdown Indicators

	XDV.TO	BKCC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-48.56%	-41.18%	-7.38%
Max Drawdown (1Y) Largest decline over 1 year	-4.79%	-7.30%	+2.51%
Max Drawdown (3Y) Largest decline over 3 years	-12.99%	-13.16%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-20.52%	-26.02%	+5.50%
Max Drawdown (10Y) Largest decline over 10 years	-39.08%	-41.18%	+2.10%
Current Drawdown Current decline from peak	-0.18%	-1.42%	+1.24%
Average Drawdown Average peak-to-trough decline	-6.78%	-5.91%	-0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	1.57%	-0.61%

Volatility

XDV.TO vs. BKCC.TO - Volatility Comparison

The current volatility for iShares Canadian Select Dividend Index ETF (XDV.TO) is 2.79%, while Global X Equal Weight Canadian Bank Covered Call ETF (BKCC.TO) has a volatility of 3.59%. This indicates that XDV.TO experiences smaller price fluctuations and is considered to be less risky than BKCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDV.TO	BKCC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.59%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	6.53%	9.18%	-2.65%
Volatility (1Y) Calculated over the trailing 1-year period	7.83%	10.31%	-2.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.71%	12.99%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.63%	16.99%	-2.36%

XDV.TO vs. BKCC.TO - Expense Ratio Comparison

XDV.TO has a 0.55% expense ratio, which is lower than BKCC.TO's 0.84% expense ratio.

Dividends

XDV.TO vs. BKCC.TO - Dividend Comparison

XDV.TO's dividend yield for the trailing twelve months is around 3.36%, less than BKCC.TO's 9.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKCC.TO Global X Equal Weight Canadian Bank Covered Call ETF	9.52%	10.43%	12.30%	10.93%	8.23%	5.52%	5.92%	5.44%	6.24%	5.76%	5.79%	7.35%
XDV.TO iShares Canadian Select Dividend Index ETF	3.36%	3.46%	4.34%	4.62%	4.49%	3.82%	4.78%	4.21%	4.92%	3.65%	3.91%	4.75%

Frequently Asked Questions

Can I hold both XDV.TO and BKCC.TO in my portfolio?

XDV.TO and BKCC.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDV.TO or BKCC.TO?

On fees, XDV.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDV.TO or BKCC.TO?

XDV.TO is cheaper with a 0.55% expense ratio, compared with 0.84% for BKCC.TO.

What is the main difference between XDV.TO and BKCC.TO?

XDV.TO is categorized as Canada Equities, while BKCC.TO is Derivative Income. They also come from different issuers: iShares and Global X. Their fees differ too: 0.55% for XDV.TO and 0.84% for BKCC.TO.