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XEI.TO vs. VOOG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEI.TO vs. VOOG

Last updated Jun 5, 2026

XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) and VOOG (Vanguard S&P 500 Growth ETF) are both exchange-traded funds - XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index, while VOOG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, XEI.TO returned 12.30%/yr vs 19.07%/yr for VOOG. At a 0.35 correlation, their price movements are largely independent. XEI.TO charges 0.22%/yr vs 0.07%/yr for VOOG.

Performance

XEI.TO vs. VOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) and Vanguard S&P 500 Growth ETF (VOOG). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XEI.TO is traded in CAD, while VOOG is traded in USD. To make them comparable, the VOOG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XEI.TO achieves a 23.25% return, which is significantly higher than VOOG's 15.26% return. Over the past 10 years, XEI.TO has underperformed VOOG with an annualized return of 12.30%, while VOOG has yielded a comparatively higher 19.07% annualized return.

XEI.TO

1D
0.85%
1M
3.41%
YTD
23.25%
6M
23.82%
1Y
45.53%
3Y*
22.82%
5Y*
15.75%
10Y*
12.30%

VOOG

1D
0.03%
1M
8.83%
YTD
15.26%
6M
12.69%
1Y
35.94%
3Y*
29.60%
5Y*
19.35%
10Y*
19.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEI.TO vs. VOOG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		23.25%25.96%15.42%6.69%0.41%35.88%-7.53%25.44%-10.85%7.24%
VOOG
Vanguard S&P 500 Growth ETF		15.26%16.51%47.56%27.09%-24.45%30.76%31.09%24.50%8.25%19.09%

Correlation

The correlation between XEI.TO and VOOG is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.03

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

0.19

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

0.26

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

0.32

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2011

0.35

Over the past year, the correlation between XEI.TO and VOOG has dropped to 0.03 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

XEI.TO vs. VOOG - Sectors Allocation Comparison

Sectors
XEI.TO
VOOG

Energy

32.1%
0.1%

Financial Services

31.4%
8.8%

Utilities

11.2%
0.4%

Communication Services

7.6%
18.0%

Consumer Cyclical

6.2%
9.4%

Real Estate

4.8%
0.6%

Basic Materials

4.6%
0.4%

Technology

0.7%
49.4%

Industrials

0.7%
6.2%

Consumer Defensive

0.5%
1.0%

Healthcare

0.2%
5.8%

Energy

XEI.TO
32.1%
VOOG
0.1%

Financial Services

XEI.TO
31.4%
VOOG
8.8%

Utilities

XEI.TO
11.2%
VOOG
0.4%

Communication Services

XEI.TO
7.6%
VOOG
18.0%

Consumer Cyclical

XEI.TO
6.2%
VOOG
9.4%

Real Estate

XEI.TO
4.8%
VOOG
0.6%

Basic Materials

XEI.TO
4.6%
VOOG
0.4%

Technology

XEI.TO
0.7%
VOOG
49.4%

Industrials

XEI.TO
0.7%
VOOG
6.2%

Consumer Defensive

XEI.TO
0.5%
VOOG
1.0%

Healthcare

XEI.TO
0.2%
VOOG
5.8%

Compare stocks, funds, or ETFs

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

iShares S&P/TSX Composite High Dividend Index ETF

Vanguard S&P 500 Growth ETF

Often compared with XEI.TO:
XEI.TO vs. VDY.TOXEI.TO vs. XDIV.TOXEI.TO vs. XEQT.TOXEI.TO vs. VFV.TOXEI.TO vs. ZDV.TOXEI.TO vs. CDZ.TOXEI.TO vs. XDV.TO
Often compared with VOOG:
VOOG vs. VOOVOOG vs. VUGVOOG vs. VOOVVOOG vs. QQQVOOG vs. VGTVOOG vs. FSPGXVOOG vs. VONG

Return for Risk

XEI.TO vs. VOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEI.TO
XEI.TO Risk / Return Rank: 9898
Overall Rank
XEI.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XEI.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9898
Martin Ratio Rank
VOOG
VOOG Risk / Return Rank: 6060
Overall Rank
VOOG Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
VOOG Sortino Ratio Rank: 6363
Sortino Ratio Rank
VOOG Omega Ratio Rank: 6262
Omega Ratio Rank
VOOG Calmar Ratio Rank: 5151
Calmar Ratio Rank
VOOG Martin Ratio Rank: 5959
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.

XEI.TO vs. VOOG - Risk-Adjusted Trends 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 S&P 500 Growth ETF (VOOG). 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.

XEI.TOVOOGDifference
Sharpe ratioReturn per unit of total volatility
6.34
2.33

+4.01

Sortino ratioReturn per unit of downside risk
9.47
3.11

+6.36

Omega ratioGain probability vs. loss probability

2.34

1.41

+0.93

Calmar ratioReturn relative to maximum drawdown

20.39

2.59

+17.80

Martin ratioReturn relative to average drawdown

69.23

9.13

+60.11

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEI.TO vs. VOOG - Sharpe Ratio Comparison

The current XEI.TO Sharpe Ratio is 6.34, which is higher than the VOOG Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of XEI.TO and VOOG, 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

XEI.TOVOOGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

6.34

2.33

+4.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.41

1.00

+0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

1.00

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

1.13

-0.46

Drawdowns

XEI.TO vs. VOOG - Drawdown Comparison

The maximum XEI.TO drawdown since its inception was -45.51%, which is greater than VOOG's maximum drawdown of -30.38%. Use the drawdown chart below to compare losses from any high point for XEI.TO and VOOG.

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Drawdown Indicators

XEI.TOVOOGDifference

Max Drawdown

Largest peak-to-trough decline

-45.51%

-30.38%

-15.13%

Max Drawdown (1Y)

Largest decline over 1 year

-2.24%

-13.91%

+11.67%

Max Drawdown (3Y)

Largest decline over 3 years

-9.92%

-22.76%

+12.84%

Max Drawdown (5Y)

Largest decline over 5 years

-17.32%

-30.38%

+13.06%

Max Drawdown (10Y)

Largest decline over 10 years

-45.51%

-30.38%

-15.13%

Current Drawdown

Current decline from peak

0.00%

-0.65%

+0.65%

Average Drawdown

Average peak-to-trough decline

-5.05%

-4.60%

-0.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.66%

3.95%

-3.29%

Volatility

XEI.TO vs. VOOG - Volatility Comparison

The current volatility for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) is 2.89%, while Vanguard S&P 500 Growth ETF (VOOG) has a volatility of 4.17%. This indicates that XEI.TO experiences smaller price fluctuations and is considered to be less risky than VOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEI.TOVOOGDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.89%

4.17%

-1.28%

Volatility (6M)

Calculated over the trailing 6-month period

6.03%

12.03%

-6.00%

Volatility (1Y)

Calculated over the trailing 1-year period

7.24%

15.51%

-8.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.24%

19.48%

-8.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.01%

19.16%

-3.15%

XEI.TO vs. VOOG - Expense Ratio Comparison

XEI.TO has a 0.22% expense ratio, which is higher than VOOG's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XEI.TO vs. VOOG - Dividend Comparison

XEI.TO's dividend yield for the trailing twelve months is around 3.53%, more than VOOG's 0.44% yield.

PositionTTM20252024202320222021202020192018201720162015
VOOG
Vanguard S&P 500 Growth ETF		0.44%0.49%0.49%1.12%0.93%0.53%0.88%1.26%1.34%1.32%1.47%1.56%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.53%4.39%5.56%5.08%4.78%3.65%5.13%4.71%5.53%4.37%4.51%5.75%

Frequently Asked Questions

XEI.TO and VOOG have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VOOG is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOOG is cheaper with a 0.07% expense ratio, compared with 0.22% for XEI.TO.

XEI.TO is categorized as Canada Equities, while VOOG is S&P 500. XEI.TO tracks S&P/TSX Composite High Dividend Index, while VOOG tracks S&P 500 Growth Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.22% for XEI.TO and 0.07% for VOOG.

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