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

XDV.TO vs. XEQT.TO

Last updated Jun 4, 2026

XDV.TO (iShares Canadian Select Dividend Index ETF) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - XDV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XEQT.TO is a Global Equities fund actively managed by iShares. XDV.TO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, XDV.TO returned 13.46%/yr vs 13.72%/yr for XEQT.TO. A 0.68 correlation means they provide meaningful diversification when combined. XDV.TO charges 0.55%/yr vs 0.20%/yr for XEQT.TO.

Performance

XDV.TO vs. XEQT.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 iShares Core Equity ETF Portfolio (XEQT.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 XEQT.TO's 12.29% 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%

XEQT.TO

1D
-0.56%
1M
5.98%
YTD
12.29%
6M
11.20%
1Y
29.24%
3Y*
21.78%
5Y*
13.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
XDV.TO
iShares Canadian Select Dividend Index ETF		16.45%29.37%21.28%8.00%-8.57%31.30%-0.38%9.86%
XEQT.TO
iShares Core Equity ETF Portfolio		12.29%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%

Correlation

The correlation between XDV.TO and XEQT.TO is 0.65, 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

0.65

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

0.64

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

0.67

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2019

0.68

The correlation between XDV.TO and XEQT.TO has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

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

Sectors
XDV.TO
XEQT.TO

Financial Services

51.5%
20.3%

Energy

11.8%
7.2%

Consumer Cyclical

11.5%
7.8%

Utilities

11.0%
2.8%

Communication Services

7.5%
6.4%

Industrials

3.3%
12.1%

Consumer Defensive

1.7%
4.4%

Basic Materials

1.6%
7.3%

Healthcare

-

6.6%

Real Estate

-

2.2%

Technology

-

22.9%

Financial Services

XDV.TO
51.5%
XEQT.TO
20.3%

Energy

XDV.TO
11.8%
XEQT.TO
7.2%

Consumer Cyclical

XDV.TO
11.5%
XEQT.TO
7.8%

Utilities

XDV.TO
11.0%
XEQT.TO
2.8%

Communication Services

XDV.TO
7.5%
XEQT.TO
6.4%

Industrials

XDV.TO
3.3%
XEQT.TO
12.1%

Consumer Defensive

XDV.TO
1.7%
XEQT.TO
4.4%

Basic Materials

XDV.TO
1.6%
XEQT.TO
7.3%

Healthcare

XDV.TO

-

XEQT.TO
6.6%

Real Estate

XDV.TO

-

XEQT.TO
2.2%

Technology

XDV.TO

-

XEQT.TO
22.9%

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iShares Canadian Select Dividend Index ETF

iShares Core Equity ETF Portfolio

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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 XEQT.TO:
XEQT.TO vs. VFV.TOXEQT.TO vs. VEQT.TOXEQT.TO vs. XGRO.TOXEQT.TO vs. ZEQT.TOXEQT.TO vs. VGRO.TOXEQT.TO vs. XEI.TOXEQT.TO vs. VOO

Return for Risk

XDV.TO vs. XEQT.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
XEQT.TO
XEQT.TO Risk / Return Rank: 7575
Overall Rank
XEQT.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XEQT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEQT.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEQT.TO Calmar Ratio Rank: 7070
Calmar Ratio Rank
XEQT.TO Martin Ratio Rank: 7878
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. XEQT.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 Core Equity ETF Portfolio (XEQT.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.TOXEQT.TODifference
Sharpe ratioReturn per unit of total volatility
5.11
2.53

+2.58

Sortino ratioReturn per unit of downside risk
7.58
3.49

+4.09

Omega ratioGain probability vs. loss probability

2.02

1.47

+0.56

Calmar ratioReturn relative to maximum drawdown

8.35

3.56

+4.79

Martin ratioReturn relative to average drawdown

41.42

15.50

+25.91

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. XEQT.TO - Sharpe Ratio Comparison

The current XDV.TO Sharpe Ratio is 5.11, which is higher than the XEQT.TO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of XDV.TO and XEQT.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.TOXEQT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.11

2.53

+2.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.26

1.05

+0.21

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

0.95

-0.36

Drawdowns

XDV.TO vs. XEQT.TO - Drawdown Comparison

The maximum XDV.TO drawdown since its inception was -48.56%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for XDV.TO and XEQT.TO.

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Drawdown Indicators

XDV.TOXEQT.TODifference

Max Drawdown

Largest peak-to-trough decline

-48.56%

-29.74%

-18.82%

Max Drawdown (1Y)

Largest decline over 1 year

-4.79%

-8.25%

+3.46%

Max Drawdown (3Y)

Largest decline over 3 years

-12.99%

-15.08%

+2.09%

Max Drawdown (5Y)

Largest decline over 5 years

-20.52%

-19.56%

-0.96%

Max Drawdown (10Y)

Largest decline over 10 years

-39.08%

—

—

Current Drawdown

Current decline from peak

-0.18%

-0.56%

+0.38%

Average Drawdown

Average peak-to-trough decline

-6.78%

-4.11%

-2.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.96%

1.89%

-0.93%

Volatility

XDV.TO vs. XEQT.TO - Volatility Comparison

The current volatility for iShares Canadian Select Dividend Index ETF (XDV.TO) is 2.79%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that XDV.TO experiences smaller price fluctuations and is considered to be less risky than XEQT.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.TOXEQT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

3.70%

-0.91%

Volatility (6M)

Calculated over the trailing 6-month period

6.53%

9.38%

-2.85%

Volatility (1Y)

Calculated over the trailing 1-year period

7.83%

11.63%

-3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.71%

13.12%

-2.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.63%

15.56%

-0.93%

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

XDV.TO has a 0.55% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.

Dividends

XDV.TO vs. XEQT.TO - Dividend Comparison

XDV.TO's dividend yield for the trailing twelve months is around 3.36%, more than XEQT.TO's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XEQT.TO
iShares Core Equity ETF Portfolio		1.48%1.66%2.01%2.07%2.12%1.64%1.66%1.19%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XDV.TO and XEQT.TO have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.55% for XDV.TO.

XDV.TO is categorized as Canada Equities, while XEQT.TO is Global Equities. Their fees differ too: 0.55% for XDV.TO and 0.20% for XEQT.TO.

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