XEI.TO vs. CDZ.TO
Compare and contrast key facts about iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO).
XEI.TO and CDZ.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEI.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Apr 12, 2011. CDZ.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Canada GR CAD. It was launched on Sep 8, 2006. Both XEI.TO and CDZ.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XEI.TO or CDZ.TO.
Key characteristics
| XEI.TO | CDZ.TO | |
|---|---|---|
| YTD Return | 6.74% | 4.31% |
| 1Y Return | 9.27% | 8.47% |
| 3Y Return (Ann) | 8.44% | 4.66% |
| 5Y Return (Ann) | 9.17% | 7.59% |
| 10Y Return (Ann) | 6.67% | 6.51% |
| Sharpe Ratio | 0.79 | 0.80 |
| Daily Std Dev | 11.60% | 10.79% |
| Max Drawdown | -45.51% | -49.12% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XEI.TO and CDZ.TO is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XEI.TO vs. CDZ.TO - Performance Comparison
In the year-to-date period, XEI.TO achieves a 6.74% return, which is significantly higher than CDZ.TO's 4.31% return. Both investments have delivered pretty close results over the past 10 years, with XEI.TO having a 6.67% annualized return and CDZ.TO not far behind at 6.51%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XEI.TO vs. CDZ.TO - Expense Ratio Comparison
XEI.TO has a 0.22% expense ratio, which is lower than CDZ.TO's 0.66% expense ratio.
Risk-Adjusted Performance
XEI.TO vs. CDZ.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.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.
Dividends
XEI.TO vs. CDZ.TO - Dividend Comparison
XEI.TO's dividend yield for the trailing twelve months is around 5.13%, more than CDZ.TO's 3.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF | 5.13% | 5.08% | 4.78% | 3.65% | 5.13% | 4.71% | 5.53% | 4.37% | 4.51% | 5.75% | 7.94% | 4.43% |
CDZ.TO iShares S&P/TSX Canadian Dividend Aristocrats Index ETF | 3.93% | 3.92% | 3.89% | 3.12% | 3.92% | 3.90% | 4.62% | 3.63% | 3.71% | 3.94% | 7.64% | 3.42% |
Drawdowns
XEI.TO vs. CDZ.TO - Drawdown Comparison
The maximum XEI.TO drawdown since its inception was -45.51%, smaller than the maximum CDZ.TO drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for XEI.TO and CDZ.TO. For additional features, visit the drawdowns tool.
Volatility
XEI.TO vs. CDZ.TO - Volatility Comparison
The current volatility for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) is 2.77%, while iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ.TO) has a volatility of 3.06%. This indicates that XEI.TO experiences smaller price fluctuations and is considered to be less risky than CDZ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.