XEI.TO vs. VDY.TO
Compare and contrast key facts about iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO).
XEI.TO and VDY.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. VDY.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Canada High Dividend Yield Index. It was launched on Nov 2, 2012. Both XEI.TO and VDY.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 VDY.TO.
Key characteristics
| XEI.TO | VDY.TO | |
|---|---|---|
| YTD Return | 6.74% | 7.80% |
| 1Y Return | 9.27% | 13.62% |
| 3Y Return (Ann) | 8.44% | 9.26% |
| 5Y Return (Ann) | 9.17% | 10.53% |
| 10Y Return (Ann) | 6.67% | 8.05% |
| Sharpe Ratio | 0.79 | 1.21 |
| Daily Std Dev | 11.60% | 11.15% |
| Max Drawdown | -45.51% | -39.21% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XEI.TO and VDY.TO is 0.95, 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. VDY.TO - Performance Comparison
In the year-to-date period, XEI.TO achieves a 6.74% return, which is significantly lower than VDY.TO's 7.80% return. Over the past 10 years, XEI.TO has underperformed VDY.TO with an annualized return of 6.67%, while VDY.TO has yielded a comparatively higher 8.05% annualized return. 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. VDY.TO - Expense Ratio Comparison
Both XEI.TO and VDY.TO have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XEI.TO vs. VDY.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 Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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. VDY.TO - Dividend Comparison
XEI.TO's dividend yield for the trailing twelve months is around 5.13%, more than VDY.TO's 4.52% 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% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 4.52% | 4.64% | 4.42% | 3.58% | 4.59% | 4.25% | 4.43% | 3.82% | 3.25% | 4.11% | 3.25% | 2.50% |
Drawdowns
XEI.TO vs. VDY.TO - Drawdown Comparison
The maximum XEI.TO drawdown since its inception was -45.51%, which is greater than VDY.TO's maximum drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for XEI.TO and VDY.TO. For additional features, visit the drawdowns tool.
Volatility
XEI.TO vs. VDY.TO - Volatility Comparison
iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) have volatilities of 2.77% and 2.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.