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XDV.TO vs. VCN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDV.TO vs. VCN.TO

Last updated Jun 4, 2026

XDV.TO (iShares Canadian Select Dividend Index ETF) and VCN.TO (Vanguard FTSE Canada All Cap Index ETF) are both Canada Equities funds - XDV.TO tracks the Morningstar Canada GR CAD while VCN.TO tracks the FTSE Canada All Cap Domestic Index. Both are passively managed. Over the past 10 years, XDV.TO returned 11.99%/yr vs 12.42%/yr for VCN.TO. A 0.74 correlation means they provide meaningful diversification when combined. XDV.TO charges 0.55%/yr vs 0.06%/yr for VCN.TO.

Performance

XDV.TO vs. VCN.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 Vanguard FTSE Canada All Cap Index ETF (VCN.TO). The values are adjusted to include any dividend payments, if applicable.

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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 VCN.TO's 10.48% return. Both investments have delivered pretty close results over the past 10 years, with XDV.TO having a 11.99% annualized return and VCN.TO not far ahead at 12.42%.

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%

VCN.TO

1D
-1.03%
1M
3.61%
YTD
10.48%
6M
12.01%
1Y
33.06%
3Y*
23.42%
5Y*
14.85%
10Y*
12.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		10.48%30.20%22.14%12.26%-5.78%25.63%4.81%22.06%-9.11%8.44%

Correlation

The correlation between XDV.TO and VCN.TO is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.76

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (10Y)
Calculated over the trailing 10-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Aug 14, 2013

0.74

The correlation between XDV.TO and VCN.TO shifts across timeframes, from 0.68 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
XDV.TO
VCN.TO

Financial Services

51.5%
33.7%

Energy

11.8%
18.5%

Consumer Cyclical

11.5%
3.7%

Utilities

11.0%
2.7%

Communication Services

7.5%
1.4%

Industrials

3.3%
10.5%

Consumer Defensive

1.7%
2.8%

Basic Materials

1.6%
17.6%

Healthcare

-

0.1%

Real Estate

-

1.5%

Technology

-

7.5%

Financial Services

XDV.TO
51.5%
VCN.TO
33.7%

Energy

XDV.TO
11.8%
VCN.TO
18.5%

Consumer Cyclical

XDV.TO
11.5%
VCN.TO
3.7%

Utilities

XDV.TO
11.0%
VCN.TO
2.7%

Communication Services

XDV.TO
7.5%
VCN.TO
1.4%

Industrials

XDV.TO
3.3%
VCN.TO
10.5%

Consumer Defensive

XDV.TO
1.7%
VCN.TO
2.8%

Basic Materials

XDV.TO
1.6%
VCN.TO
17.6%

Healthcare

XDV.TO

-

VCN.TO
0.1%

Real Estate

XDV.TO

-

VCN.TO
1.5%

Technology

XDV.TO

-

VCN.TO
7.5%

Compare stocks, funds, or ETFs

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iShares Canadian Select Dividend Index ETF

Vanguard FTSE Canada All Cap Index ETF

Often compared with XDV.TO:
XDV.TO vs. XDIV.TOXDV.TO vs. VDY.TOXDV.TO vs. XEI.TOXDV.TO vs. CDZ.TOXDV.TO vs. ZDV.TOXDV.TO vs. XIU.TOXDV.TO vs. ZSP.TO
Often compared with VCN.TO:
VCN.TO vs. VDY.TOVCN.TO vs. VFV.TOVCN.TO vs. VCE.TOVCN.TO vs. XEQT.TOVCN.TO vs. VIU.TOVCN.TO vs. VUN.TOVCN.TO vs. HXT.TO

Return for Risk

XDV.TO vs. VCN.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: 9797
Overall Rank
XDV.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XDV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDV.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
XDV.TO Martin Ratio Rank: 9797
Martin Ratio Rank
VCN.TO
VCN.TO Risk / Return Rank: 7777
Overall Rank
VCN.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
VCN.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
VCN.TO Omega Ratio Rank: 7878
Omega Ratio Rank
VCN.TO Calmar Ratio Rank: 7171
Calmar Ratio Rank
VCN.TO Martin Ratio Rank: 8282
Martin Ratio Rank
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. VCN.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 Vanguard FTSE Canada All Cap Index ETF (VCN.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.TOVCN.TODifference
Sharpe ratioReturn per unit of total volatility
5.11
2.64

+2.47

Sortino ratioReturn per unit of downside risk
7.58
3.43

+4.15

Omega ratioGain probability vs. loss probability

2.02

1.48

+0.55

Calmar ratioReturn relative to maximum drawdown

8.35

3.65

+4.71

Martin ratioReturn relative to average drawdown

41.42

17.03

+24.38

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. VCN.TO - Sharpe Ratio Comparison

The current XDV.TO Sharpe Ratio is 5.11, which is higher than the VCN.TO Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of XDV.TO and VCN.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.

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Sharpe Ratios by Period

XDV.TOVCN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.11

2.64

+2.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.26

1.15

+0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

0.83

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.77

-0.18

Drawdowns

XDV.TO vs. VCN.TO - Drawdown Comparison

The maximum XDV.TO drawdown since its inception was -48.56%, which is greater than VCN.TO's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for XDV.TO and VCN.TO.

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Drawdown Indicators

XDV.TOVCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.56%

-37.32%

-11.24%

Max Drawdown (1Y)

Largest decline over 1 year

-4.79%

-9.11%

+4.32%

Max Drawdown (3Y)

Largest decline over 3 years

-12.99%

-12.24%

-0.75%

Max Drawdown (5Y)

Largest decline over 5 years

-20.52%

-16.12%

-4.40%

Max Drawdown (10Y)

Largest decline over 10 years

-39.08%

-37.32%

-1.76%

Current Drawdown

Current decline from peak

-0.18%

-1.03%

+0.85%

Average Drawdown

Average peak-to-trough decline

-6.78%

-3.90%

-2.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.96%

1.95%

-0.99%

Volatility

XDV.TO vs. VCN.TO - Volatility Comparison

The current volatility for iShares Canadian Select Dividend Index ETF (XDV.TO) is 2.79%, while Vanguard FTSE Canada All Cap Index ETF (VCN.TO) has a volatility of 3.41%. This indicates that XDV.TO experiences smaller price fluctuations and is considered to be less risky than VCN.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.TOVCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

3.41%

-0.62%

Volatility (6M)

Calculated over the trailing 6-month period

6.53%

10.27%

-3.74%

Volatility (1Y)

Calculated over the trailing 1-year period

7.83%

12.57%

-4.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.71%

13.03%

-2.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.63%

14.98%

-0.35%

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

XDV.TO has a 0.55% expense ratio, which is higher than VCN.TO's 0.06% expense ratio.

Dividends

XDV.TO vs. VCN.TO - Dividend Comparison

XDV.TO's dividend yield for the trailing twelve months is around 3.36%, more than VCN.TO's 2.00% yield.

PositionTTM20252024202320222021202020192018201720162015
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		2.00%2.27%2.69%2.99%3.15%2.48%2.70%2.85%2.80%2.29%2.34%2.65%
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 VCN.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VCN.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VCN.TO is cheaper with a 0.06% expense ratio, compared with 0.55% for XDV.TO.

XDV.TO tracks Morningstar Canada GR CAD, while VCN.TO tracks FTSE Canada All Cap Domestic Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.55% for XDV.TO and 0.06% for VCN.TO.

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