XDV.TO vs. FIE.TO
XDV.TO (iShares Canadian Select Dividend Index ETF) and FIE.TO (iShares Canadian Financial Monthly Income ETF) are both Canada Equities funds from iShares - XDV.TO tracks the Morningstar Canada GR CAD while FIE.TO tracks the Morningstar Can Equity Tgt Alloc NR CAD. Both are passively managed. Over the past 10 years, XDV.TO returned 11.99%/yr vs 11.90%/yr for FIE.TO. Their correlation of 0.85 suggests significant overlap in exposure. XDV.TO charges 0.55%/yr vs 0.85%/yr for FIE.TO.
Performance
XDV.TO vs. FIE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDV.TO achieves a 16.45% return, which is significantly higher than FIE.TO's 8.54% return. Both investments have delivered pretty close results over the past 10 years, with XDV.TO having a 11.99% annualized return and FIE.TO not far behind at 11.90%.
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%
FIE.TO
- 1D
- -0.37%
- 1M
- 2.99%
- YTD
- 8.54%
- 6M
- 12.57%
- 1Y
- 31.11%
- 3Y*
- 24.63%
- 5Y*
- 12.71%
- 10Y*
- 11.90%
XDV.TO vs. FIE.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% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 8.54% | 28.28% | 27.54% | 12.58% | -14.35% | 29.02% | 1.33% | 18.97% | -9.12% | 12.01% |
Correlation
The correlation between XDV.TO and FIE.TO is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2010 | 0.85 |
The correlation between XDV.TO and FIE.TO has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
XDV.TO vs. FIE.TO - Sectors Allocation Comparison
Sectors
XDV.TO
FIE.TO
Financial Services
Energy
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Consumer Cyclical
-
Utilities
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Communication Services
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Industrials
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Consumer Defensive
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Basic Materials
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Healthcare
-
-
Real Estate
-
Technology
-
-
Financial Services
XDV.TO
FIE.TO
Energy
XDV.TO
FIE.TO
-
Consumer Cyclical
XDV.TO
FIE.TO
-
Utilities
XDV.TO
FIE.TO
-
Communication Services
XDV.TO
FIE.TO
-
Industrials
XDV.TO
FIE.TO
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Consumer Defensive
XDV.TO
FIE.TO
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Basic Materials
XDV.TO
FIE.TO
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Healthcare
XDV.TO
-
FIE.TO
-
Real Estate
XDV.TO
-
FIE.TO
Technology
XDV.TO
-
FIE.TO
-
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Return for Risk
XDV.TO vs. FIE.TO — Risk / Return Rank
XDV.TO
FIE.TO
XDV.TO vs. FIE.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 iShares Canadian Financial Monthly Income ETF (FIE.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 | FIE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 2.02 | 1.71 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 8.35 | 5.48 | +2.87 |
| Martin ratioReturn relative to average drawdown | 41.42 | 22.60 | +18.82 |
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
| XDV.TO | FIE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.11 | 3.73 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 1.23 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.85 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.75 | -0.16 |
Drawdowns
XDV.TO vs. FIE.TO - Drawdown Comparison
The maximum XDV.TO drawdown since its inception was -48.56%, which is greater than FIE.TO's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for XDV.TO and FIE.TO.
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Drawdown Indicators
| XDV.TO | FIE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.56% | -42.24% | -6.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -5.70% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -10.70% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | -22.93% | +2.41% |
Max Drawdown (10Y)Largest decline over 10 years | -39.08% | -42.24% | +3.16% |
Current DrawdownCurrent decline from peak | -0.18% | -1.30% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -4.87% | -1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.38% | -0.42% |
Volatility
XDV.TO vs. FIE.TO - Volatility Comparison
iShares Canadian Select Dividend Index ETF (XDV.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO) have volatilities of 2.79% and 2.87%, 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
| XDV.TO | FIE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.87% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 7.16% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 8.37% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.71% | 10.44% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 14.04% | +0.59% |
XDV.TO vs. FIE.TO - Expense Ratio Comparison
XDV.TO has a 0.55% expense ratio, which is lower than FIE.TO's 0.85% expense ratio.
Dividends
XDV.TO vs. FIE.TO - Dividend Comparison
XDV.TO's dividend yield for the trailing twelve months is around 3.36%, less than FIE.TO's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIE.TO iShares Canadian Financial Monthly Income ETF | 4.52% | 4.81% | 5.84% | 6.98% | 7.31% | 5.85% | 7.10% | 6.65% | 7.38% | 6.28% | 6.59% | 7.43% |
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
XDV.TO and FIE.TO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XDV.TO is cheaper with a 0.55% expense ratio, compared with 0.85% for FIE.TO.
XDV.TO tracks Morningstar Canada GR CAD, while FIE.TO tracks Morningstar Can Equity Tgt Alloc NR CAD. Their fees differ too: 0.55% for XDV.TO and 0.85% for FIE.TO.
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