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

XDV.TO vs. VFV.TO

Last updated Jul 16, 2026
Documentation

XDV.TO (iShares Canadian Select Dividend Index ETF) and VFV.TO (Vanguard S&P 500 Index ETF) are both exchange-traded funds - XDV.TO is a Canada Equities fund tracking the Dow Jones Canada Select Dividend Index, while VFV.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XDV.TO returned 12.14%/yr vs 15.83%/yr for VFV.TO. A 0.51 correlation means they provide meaningful diversification when combined. XDV.TO charges 0.55%/yr vs 0.09%/yr for VFV.TO.

Performance

XDV.TO vs. VFV.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 S&P 500 Index ETF (VFV.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 25.50% return, which is significantly higher than VFV.TO's 13.67% return. Over the past 10 years, XDV.TO has underperformed VFV.TO with an annualized return of 12.14%, while VFV.TO has yielded a comparatively higher 15.83% annualized return.

XDV.TO

1D
1.27%
1M
4.48%
6M
23.47%
YTD
25.50%
1Y
41.66%
3Y*
24.22%
5Y*
14.15%
10Y*
12.14%

VFV.TO

1D
0.09%
1M
0.59%
6M
10.98%
YTD
13.67%
1Y
25.21%
3Y*
22.61%
5Y*
15.57%
10Y*
15.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XDV.TO
iShares Canadian Select Dividend Index ETF		25.50%24.97%21.28%8.00%-8.57%29.33%-0.38%21.30%-12.48%11.06%
VFV.TO
Vanguard S&P 500 Index ETF		13.67%12.18%35.23%23.23%-12.58%27.51%15.61%25.14%2.95%13.69%

Correlation

The correlation between XDV.TO and VFV.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.48

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

0.43

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

0.50

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

0.52

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2012

0.51

The correlation between XDV.TO and VFV.TO has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.

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

Sectors
XDV.TO
VFV.TO

Financial Services

52.8%
10.9%

Energy

11.0%
3.1%

Consumer Cyclical

10.8%
9.9%

Utilities

10.7%
2.1%

Communication Services

7.7%
10.7%

Industrials

3.7%
7.8%

Consumer Defensive

1.7%
4.5%

Basic Materials

1.6%
1.7%

Healthcare

-

8.3%

Real Estate

-

1.8%

Technology

-

39.1%

Financial Services

XDV.TO
52.8%
VFV.TO
10.9%

Energy

XDV.TO
11.0%
VFV.TO
3.1%

Consumer Cyclical

XDV.TO
10.8%
VFV.TO
9.9%

Utilities

XDV.TO
10.7%
VFV.TO
2.1%

Communication Services

XDV.TO
7.7%
VFV.TO
10.7%

Industrials

XDV.TO
3.7%
VFV.TO
7.8%

Consumer Defensive

XDV.TO
1.7%
VFV.TO
4.5%

Basic Materials

XDV.TO
1.6%
VFV.TO
1.7%

Healthcare

XDV.TO

-

VFV.TO
8.3%

Real Estate

XDV.TO

-

VFV.TO
1.8%

Technology

XDV.TO

-

VFV.TO
39.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Canadian Select Dividend Index ETF

Vanguard S&P 500 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 VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO

Return for Risk

XDV.TO vs. VFV.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: 9898
Overall Rank
XDV.TO Sharpe Ratio Rank: 9898
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: 9797
Calmar Ratio Rank
XDV.TO Martin Ratio Rank: 9797
Martin Ratio Rank
VFV.TO
VFV.TO Risk / Return Rank: 7979
Overall Rank
VFV.TO Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 8282
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 7575
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. VFV.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 S&P 500 Index ETF (VFV.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XDV.TOVFV.TODifference
Sharpe ratioReturn per unit of total volatility
4.75
2.10

+2.65

Sortino ratioReturn per unit of downside risk
6.26
2.88

+3.38

Omega ratioGain probability vs. loss probability

1.97

1.38

+0.59

Calmar ratioReturn relative to maximum drawdown

8.74

2.94

+5.80

Martin ratioReturn relative to average drawdown

35.13

11.01

+24.11

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

The current XDV.TO Sharpe Ratio is 4.75, which is higher than the VFV.TO Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of XDV.TO and VFV.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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Drawdowns

XDV.TO vs. VFV.TO - Drawdown Comparison

The maximum XDV.TO drawdown since its inception was -50.11%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for XDV.TO and VFV.TO.

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Drawdown Indicators

XDV.TOVFV.TODifference

Max Drawdown

Largest peak-to-trough decline

-50.11%

-27.43%

-22.68%

Max Drawdown (1Y)

Largest decline over 1 year

-4.79%

-8.62%

+3.83%

Max Drawdown (3Y)

Largest decline over 3 years

-12.99%

-19.05%

+6.06%

Max Drawdown (5Y)

Largest decline over 5 years

-20.52%

-22.19%

+1.67%

Max Drawdown (10Y)

Largest decline over 10 years

-39.08%

-27.43%

-11.65%

Current Drawdown

Current decline from peak

0.00%

-0.84%

+0.84%

Average Drawdown

Average peak-to-trough decline

-7.15%

-3.33%

-3.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.19%

2.29%

-1.10%

Volatility

XDV.TO vs. VFV.TO - Volatility Comparison

The current volatility for iShares Canadian Select Dividend Index ETF (XDV.TO) is 2.15%, while Vanguard S&P 500 Index ETF (VFV.TO) has a volatility of 3.01%. This indicates that XDV.TO experiences smaller price fluctuations and is considered to be less risky than VFV.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.TOVFV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.15%

3.01%

-0.86%

Volatility (6M)

Calculated over the trailing 6-month period

6.77%

9.46%

-2.69%

Volatility (1Y)

Calculated over the trailing 1-year period

8.82%

12.07%

-3.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.87%

15.04%

-4.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.65%

16.59%

-1.94%

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

XDV.TO has a 0.55% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.

Dividends

XDV.TO vs. VFV.TO - Dividend Comparison

XDV.TO's dividend yield for the trailing twelve months is around 3.35%, more than VFV.TO's 0.84% yield.

PositionTTM20252024202320222021202020192018201720162015
VFV.TO
Vanguard S&P 500 Index ETF		0.84%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%
XDV.TO
iShares Canadian Select Dividend Index ETF		3.35%3.57%4.34%4.62%4.49%3.87%4.78%4.21%4.92%3.65%3.91%4.75%

Frequently Asked Questions

XDV.TO and VFV.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.55% for XDV.TO.

XDV.TO is categorized as Canada Equities, while VFV.TO is S&P 500. XDV.TO tracks Dow Jones Canada Select Dividend Index, while VFV.TO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.55% for XDV.TO and 0.09% for VFV.TO.

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