XDV.TO vs. HCA.TO
XDV.TO (iShares Canadian Select Dividend Index ETF) and HCA.TO (Hamilton Canadian Bank Mean Reversion Index ETF) are both Canada Equities funds - XDV.TO tracks the Morningstar Canada GR CAD while HCA.TO tracks the Solactive Canadian Bank Mean Reversion Index. Both are passively managed. Over the past 5 years, XDV.TO returned 13.46%/yr vs 28.00%/yr for HCA.TO. A 0.77 correlation means they provide meaningful diversification when combined. XDV.TO charges 0.55%/yr vs 0.45%/yr for HCA.TO.
Performance
XDV.TO vs. HCA.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 lower than HCA.TO's 19.58% 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%
HCA.TO
- 1D
- 0.00%
- 1M
- 5.81%
- YTD
- 19.58%
- 6M
- 24.76%
- 1Y
- 61.56%
- 3Y*
- 43.51%
- 5Y*
- 28.00%
- 10Y*
- —
XDV.TO vs. HCA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XDV.TO iShares Canadian Select Dividend Index ETF | 16.45% | 29.37% | 21.28% | 8.00% | -8.57% | 31.30% | 19.81% |
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF | 19.58% | 51.09% | 33.32% | 26.95% | -4.34% | 48.13% | 23.46% |
Correlation
The correlation between XDV.TO and HCA.TO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.77 |
The correlation between XDV.TO and HCA.TO has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.
XDV.TO vs. HCA.TO - Sectors Allocation Comparison
Sectors
XDV.TO
HCA.TO
Financial Services
Energy
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Consumer Cyclical
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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
-
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Financial Services
XDV.TO
HCA.TO
Energy
XDV.TO
HCA.TO
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Consumer Cyclical
XDV.TO
HCA.TO
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Utilities
XDV.TO
HCA.TO
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Communication Services
XDV.TO
HCA.TO
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Industrials
XDV.TO
HCA.TO
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Consumer Defensive
XDV.TO
HCA.TO
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Basic Materials
XDV.TO
HCA.TO
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Healthcare
XDV.TO
-
HCA.TO
-
Real Estate
XDV.TO
-
HCA.TO
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Technology
XDV.TO
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HCA.TO
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Return for Risk
XDV.TO vs. HCA.TO — Risk / Return Rank
XDV.TO
HCA.TO
XDV.TO vs. HCA.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 Hamilton Canadian Bank Mean Reversion Index ETF (HCA.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 | HCA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 2.02 | 1.97 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 8.35 | 7.27 | +1.09 |
| Martin ratioReturn relative to average drawdown | 41.42 | 32.98 | +8.44 |
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 | HCA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.11 | 4.82 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.26 | 1.87 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 2.18 | -1.59 |
Drawdowns
XDV.TO vs. HCA.TO - Drawdown Comparison
The maximum XDV.TO drawdown since its inception was -48.56%, which is greater than HCA.TO's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for XDV.TO and HCA.TO.
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Drawdown Indicators
| XDV.TO | HCA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.56% | -17.82% | -30.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.79% | -8.52% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -12.51% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.52% | -17.82% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -39.08% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -1.28% | +1.10% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -3.35% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.87% | -0.91% |
Volatility
XDV.TO vs. HCA.TO - Volatility Comparison
The current volatility for iShares Canadian Select Dividend Index ETF (XDV.TO) is 2.79%, while Hamilton Canadian Bank Mean Reversion Index ETF (HCA.TO) has a volatility of 4.15%. This indicates that XDV.TO experiences smaller price fluctuations and is considered to be less risky than HCA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDV.TO | HCA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 4.15% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 11.14% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.83% | 12.85% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.71% | 15.09% | -4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.63% | 15.09% | -0.46% |
XDV.TO vs. HCA.TO - Expense Ratio Comparison
XDV.TO has a 0.55% expense ratio, which is higher than HCA.TO's 0.45% expense ratio.
Dividends
XDV.TO vs. HCA.TO - Dividend Comparison
XDV.TO's dividend yield for the trailing twelve months is around 3.36%, more than HCA.TO's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HCA.TO Hamilton Canadian Bank Mean Reversion Index ETF | 2.92% | 5.59% | 15.89% | 20.26% | 16.23% | 11.79% | 3.54% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 HCA.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HCA.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HCA.TO is cheaper with a 0.45% expense ratio, compared with 0.55% for XDV.TO.
XDV.TO tracks Morningstar Canada GR CAD, while HCA.TO tracks Solactive Canadian Bank Mean Reversion Index. They also come from different issuers: iShares and Hamilton. Their fees differ too: 0.55% for XDV.TO and 0.45% for HCA.TO.
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