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

XEI.TO vs. VTV

Last updated Jun 14, 2026

XEI.TO (iShares S&P/TSX Composite High Dividend Index ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - XEI.TO is a Canada Equities fund tracking the S&P/TSX Composite High Dividend Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, XEI.TO returned 12.09%/yr vs 13.75%/yr for VTV. A 0.57 correlation means they provide meaningful diversification when combined. XEI.TO charges 0.22%/yr vs 0.04%/yr for VTV.

Performance

XEI.TO vs. VTV - 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 Value ETF (VTV). 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 VTV is traded in USD. To make them comparable, the VTV 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 24.32% return, which is significantly higher than VTV's 16.61% return. Over the past 10 years, XEI.TO has underperformed VTV with an annualized return of 12.09%, while VTV has yielded a comparatively higher 13.75% annualized return.

XEI.TO

1D
0.58%
1M
3.92%
YTD
24.32%
6M
20.22%
1Y
38.85%
3Y*
21.39%
5Y*
14.74%
10Y*
12.09%

VTV

1D
1.12%
1M
5.89%
YTD
16.61%
6M
15.61%
1Y
31.43%
3Y*
19.93%
5Y*
15.04%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEI.TO vs. VTV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		24.32%20.86%15.26%6.59%0.32%35.76%-7.60%25.30%-10.95%7.14%
VTV
Vanguard Value ETF		16.61%10.01%25.77%6.71%4.12%26.47%-0.10%20.48%2.47%9.21%

Correlation

The correlation between XEI.TO and VTV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.56

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

0.61

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

0.60

Correlation (All Time)
Calculated using the full available price history since Apr 18, 2011

0.57

The correlation between XEI.TO and VTV shifts across timeframes, from 0.45 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

XEI.TO vs. VTV - Sectors Allocation Comparison

Sectors
XEI.TO
VTV

Energy

32.1%
8.1%

Financial Services

31.4%
22.3%

Utilities

11.2%
5.2%

Communication Services

7.6%
3.3%

Consumer Cyclical

6.2%
4.0%

Real Estate

4.8%
2.8%

Basic Materials

4.6%
3.1%

Technology

0.7%
13.4%

Industrials

0.7%
14.0%

Consumer Defensive

0.5%
9.4%

Healthcare

0.2%
14.5%

Energy

XEI.TO
32.1%
VTV
8.1%

Financial Services

XEI.TO
31.4%
VTV
22.3%

Utilities

XEI.TO
11.2%
VTV
5.2%

Communication Services

XEI.TO
7.6%
VTV
3.3%

Consumer Cyclical

XEI.TO
6.2%
VTV
4.0%

Real Estate

XEI.TO
4.8%
VTV
2.8%

Basic Materials

XEI.TO
4.6%
VTV
3.1%

Technology

XEI.TO
0.7%
VTV
13.4%

Industrials

XEI.TO
0.7%
VTV
14.0%

Consumer Defensive

XEI.TO
0.5%
VTV
9.4%

Healthcare

XEI.TO
0.2%
VTV
14.5%

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 Value 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 VTV:
VTV vs. SCHDVTV vs. VOOVTV vs. VTIVTV vs. VUGVTV vs. VYMVTV vs. SCHVVTV vs. VIG

Return for Risk

XEI.TO vs. VTV — 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: 9898
Sortino Ratio Rank
XEI.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XEI.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
XEI.TO Martin Ratio Rank: 9797
Martin Ratio Rank
VTV
VTV Risk / Return Rank: 8888
Overall Rank
VTV Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VTV Sortino Ratio Rank: 9090
Sortino Ratio Rank
VTV Omega Ratio Rank: 8787
Omega Ratio Rank
VTV Calmar Ratio Rank: 8787
Calmar Ratio Rank
VTV Martin Ratio Rank: 8787
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. VTV - 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 Value ETF (VTV). 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.

XEI.TOVTVDifference
Sharpe ratioReturn per unit of total volatility
5.02
2.65

+2.37

Sortino ratioReturn per unit of downside risk
6.90
3.82

+3.08

Omega ratioGain probability vs. loss probability

2.02

1.47

+0.55

Calmar ratioReturn relative to maximum drawdown

9.32

5.21

+4.11

Martin ratioReturn relative to average drawdown

41.87

19.15

+22.72

XEI.TO vs. VTV - Sharpe Ratio Comparison

The current XEI.TO Sharpe Ratio is 5.02, which is higher than the VTV Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of XEI.TO and VTV, 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

XEI.TO vs. VTV - Drawdown Comparison

The maximum XEI.TO drawdown since its inception was -45.52%, smaller than the maximum VTV drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for XEI.TO and VTV.

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Drawdown Indicators

XEI.TOVTVDifference

Max Drawdown

Largest peak-to-trough decline

-45.52%

-52.38%

+6.86%

Max Drawdown (1Y)

Largest decline over 1 year

-4.22%

-5.74%

+1.52%

Max Drawdown (3Y)

Largest decline over 3 years

-9.96%

-15.12%

+5.16%

Max Drawdown (5Y)

Largest decline over 5 years

-17.35%

-15.12%

-2.23%

Max Drawdown (10Y)

Largest decline over 10 years

-45.52%

-31.22%

-14.30%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.10%

-9.15%

+4.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.94%

1.56%

-0.62%

Volatility

XEI.TO vs. VTV - Volatility Comparison

The current volatility for iShares S&P/TSX Composite High Dividend Index ETF (XEI.TO) is 2.68%, while Vanguard Value ETF (VTV) has a volatility of 3.58%. This indicates that XEI.TO experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEI.TOVTVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.68%

3.58%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

6.71%

8.63%

-1.92%

Volatility (1Y)

Calculated over the trailing 1-year period

7.84%

11.27%

-3.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.31%

15.09%

-3.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.02%

17.74%

-1.72%

XEI.TO vs. VTV - Expense Ratio Comparison

XEI.TO has a 0.22% expense ratio, which is higher than VTV's 0.04% 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. VTV - Dividend Comparison

XEI.TO's dividend yield for the trailing twelve months is around 3.53%, more than VTV's 1.83% yield.

PositionTTM20252024202320222021202020192018201720162015
VTV
Vanguard Value ETF		1.83%2.05%2.31%2.46%2.52%2.15%2.56%2.50%2.73%2.29%2.44%2.60%
XEI.TO
iShares S&P/TSX Composite High Dividend Index ETF		3.53%4.47%5.45%4.97%4.68%3.58%5.03%4.62%5.42%4.29%4.41%5.64%

Frequently Asked Questions

XEI.TO and VTV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VTV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VTV is cheaper with a 0.04% expense ratio, compared with 0.22% for XEI.TO.

XEI.TO is categorized as Canada Equities, while VTV is Large Cap Value Equities. XEI.TO tracks S&P/TSX Composite High Dividend Index, while VTV tracks CRSP US Large Cap Value Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.22% for XEI.TO and 0.04% for VTV.

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