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

XEQT.TO vs. VDY.TO

Last updated Jun 4, 2026

XEQT.TO (iShares Core Equity ETF Portfolio) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - XEQT.TO is a Global Equities fund actively managed by iShares, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. XEQT.TO is actively managed, while VDY.TO is passively managed. Over the past 5 years, XEQT.TO returned 13.72%/yr vs 17.21%/yr for VDY.TO. A 0.65 correlation means they provide meaningful diversification when combined. XEQT.TO charges 0.20%/yr vs 0.22%/yr for VDY.TO.

Performance

XEQT.TO vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Equity ETF Portfolio (XEQT.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.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, XEQT.TO achieves a 12.29% return, which is significantly lower than VDY.TO's 20.59% return.

XEQT.TO

1D
-0.56%
1M
5.98%
YTD
12.29%
6M
11.20%
1Y
29.24%
3Y*
21.78%
5Y*
13.72%
10Y*
—

VDY.TO

1D
-0.07%
1M
4.52%
YTD
20.59%
6M
22.32%
1Y
46.18%
3Y*
26.00%
5Y*
17.21%
10Y*
14.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
XEQT.TO
iShares Core Equity ETF Portfolio		12.29%19.47%24.36%17.25%-11.01%18.94%11.82%9.89%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		20.59%29.20%20.71%8.40%-0.23%36.78%-1.37%9.61%

Correlation

The correlation between XEQT.TO and VDY.TO is 0.55, 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

0.55

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

0.64

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

0.65

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

0.65

The correlation between XEQT.TO and VDY.TO shifts across timeframes, from 0.55 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

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

Sectors
XEQT.TO
VDY.TO

Technology

22.9%
0.4%

Financial Services

20.3%
56.0%

Industrials

12.1%
0.2%

Consumer Cyclical

7.8%
3.0%

Basic Materials

7.3%
2.2%

Energy

7.2%
30.8%

Healthcare

6.6%
0.1%

Communication Services

6.4%
2.8%

Consumer Defensive

4.4%
0.4%

Utilities

2.8%
4.1%

Real Estate

2.2%

-

Technology

XEQT.TO
22.9%
VDY.TO
0.4%

Financial Services

XEQT.TO
20.3%
VDY.TO
56.0%

Industrials

XEQT.TO
12.1%
VDY.TO
0.2%

Consumer Cyclical

XEQT.TO
7.8%
VDY.TO
3.0%

Basic Materials

XEQT.TO
7.3%
VDY.TO
2.2%

Energy

XEQT.TO
7.2%
VDY.TO
30.8%

Healthcare

XEQT.TO
6.6%
VDY.TO
0.1%

Communication Services

XEQT.TO
6.4%
VDY.TO
2.8%

Consumer Defensive

XEQT.TO
4.4%
VDY.TO
0.4%

Utilities

XEQT.TO
2.8%
VDY.TO
4.1%

Real Estate

XEQT.TO
2.2%
VDY.TO

-

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iShares Core Equity ETF Portfolio

Vanguard FTSE Canadian High Dividend Yield Index ETF

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
Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO

Return for Risk

XEQT.TO vs. VDY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
VDY.TO
VDY.TO Risk / Return Rank: 9898
Overall Rank
VDY.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9898
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.

XEQT.TO vs. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Equity ETF Portfolio (XEQT.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.

XEQT.TOVDY.TODifference
Sharpe ratioReturn per unit of total volatility
2.53
5.65

-3.13

Sortino ratioReturn per unit of downside risk
3.49
8.14

-4.65

Omega ratioGain probability vs. loss probability

1.47

2.14

-0.67

Calmar ratioReturn relative to maximum drawdown

3.56

14.88

-11.32

Martin ratioReturn relative to average drawdown

15.50

60.75

-45.24

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

XEQT.TO vs. VDY.TO - Sharpe Ratio Comparison

The current XEQT.TO Sharpe Ratio is 2.53, which is lower than the VDY.TO Sharpe Ratio of 5.65. The chart below compares the historical Sharpe Ratios of XEQT.TO and VDY.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

XEQT.TOVDY.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.53

5.65

-3.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.05

1.50

-0.45

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.95

0.84

+0.11

Drawdowns

XEQT.TO vs. VDY.TO - Drawdown Comparison

The maximum XEQT.TO drawdown since its inception was -29.74%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for XEQT.TO and VDY.TO.

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Drawdown Indicators

XEQT.TOVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.74%

-39.21%

+9.47%

Max Drawdown (1Y)

Largest decline over 1 year

-8.25%

-3.12%

-5.13%

Max Drawdown (3Y)

Largest decline over 3 years

-15.08%

-10.87%

-4.21%

Max Drawdown (5Y)

Largest decline over 5 years

-19.56%

-16.18%

-3.38%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.21%

—

Current Drawdown

Current decline from peak

-0.56%

-0.77%

+0.21%

Average Drawdown

Average peak-to-trough decline

-4.11%

-4.61%

+0.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

0.76%

+1.13%

Volatility

XEQT.TO vs. VDY.TO - Volatility Comparison

iShares Core Equity ETF Portfolio (XEQT.TO) has a higher volatility of 3.70% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.31%. This indicates that XEQT.TO's price experiences larger fluctuations and is considered to be riskier than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEQT.TOVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

3.31%

+0.39%

Volatility (6M)

Calculated over the trailing 6-month period

9.38%

6.87%

+2.51%

Volatility (1Y)

Calculated over the trailing 1-year period

11.63%

8.21%

+3.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.12%

11.56%

+1.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.56%

15.96%

-0.40%

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

XEQT.TO has a 0.20% expense ratio, which is lower than VDY.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XEQT.TO vs. VDY.TO - Dividend Comparison

XEQT.TO's dividend yield for the trailing twelve months is around 1.48%, less than VDY.TO's 2.90% yield.

PositionTTM20252024202320222021202020192018201720162015
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.90%3.59%4.40%4.64%4.42%3.58%4.59%4.25%4.43%3.82%3.25%4.11%
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

XEQT.TO and VDY.TO have a correlation of 0.55, 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 0.22% for VDY.TO.

XEQT.TO is categorized as Global Equities, while VDY.TO is Dividend. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for XEQT.TO and 0.22% for VDY.TO.

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