PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XESG.TO vs. XDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XESG.TO vs. XDIV.TO

Last updated Jun 4, 2026

XESG.TO (iShares ESG Aware MSCI Canada Index ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - XESG.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, XESG.TO returned 12.42%/yr vs 16.42%/yr for XDIV.TO. A 0.72 correlation means they provide meaningful diversification when combined. XESG.TO charges 0.16%/yr vs 0.11%/yr for XDIV.TO.

Performance

XESG.TO vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XESG.TO achieves a 10.34% return, which is significantly lower than XDIV.TO's 19.17% return.

XESG.TO

1D
-0.94%
1M
3.12%
YTD
10.34%
6M
9.25%
1Y
29.31%
3Y*
20.90%
5Y*
12.42%
10Y*
—

XDIV.TO

1D
0.19%
1M
3.65%
YTD
19.17%
6M
18.94%
1Y
38.61%
3Y*
22.97%
5Y*
16.42%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XESG.TO vs. XDIV.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XESG.TO
iShares ESG Aware MSCI Canada Index ETF		10.34%26.25%20.05%10.13%-7.77%22.91%4.80%15.28%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		19.17%24.92%19.56%11.71%0.29%32.25%-7.81%9.90%

Correlation

The correlation between XESG.TO and XDIV.TO is 0.54, 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

0.54

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

0.72

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

0.74

Correlation (All Time)
Calculated using the full available price history since Mar 25, 2019

0.72

The correlation between XESG.TO and XDIV.TO shifts across timeframes, from 0.54 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

XESG.TO vs. XDIV.TO - Sectors Allocation Comparison

Sectors
XESG.TO
XDIV.TO

Financial Services

38.5%
46.7%

Energy

19.3%
28.8%

Basic Materials

17.9%

-

Industrials

8.9%

-

Technology

8.3%
1.3%

Utilities

2.7%
11.3%

Consumer Cyclical

2.2%
11.5%

Consumer Defensive

1.9%

-

Real Estate

0.2%

-

Communication Services

0.1%
0.4%

Healthcare

0.1%

-

Financial Services

XESG.TO
38.5%
XDIV.TO
46.7%

Energy

XESG.TO
19.3%
XDIV.TO
28.8%

Basic Materials

XESG.TO
17.9%
XDIV.TO

-

Industrials

XESG.TO
8.9%
XDIV.TO

-

Technology

XESG.TO
8.3%
XDIV.TO
1.3%

Utilities

XESG.TO
2.7%
XDIV.TO
11.3%

Consumer Cyclical

XESG.TO
2.2%
XDIV.TO
11.5%

Consumer Defensive

XESG.TO
1.9%
XDIV.TO

-

Real Estate

XESG.TO
0.2%
XDIV.TO

-

Communication Services

XESG.TO
0.1%
XDIV.TO
0.4%

Healthcare

XESG.TO
0.1%
XDIV.TO

-

Compare stocks, funds, or ETFs

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

iShares ESG Aware MSCI Canada Index ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with XESG.TO:
XESG.TO vs. XCSR.TOXESG.TO vs. XEQT.TOXESG.TO vs. SCHGXESG.TO vs. VFV.TOXESG.TO vs. SPYXESG.TO vs. XIU.TOXESG.TO vs. GEQT.TO
Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO

Return for Risk

XESG.TO vs. XDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XESG.TO
XESG.TO Risk / Return Rank: 6666
Overall Rank
XESG.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
XESG.TO Sortino Ratio Rank: 6060
Sortino Ratio Rank
XESG.TO Omega Ratio Rank: 6868
Omega Ratio Rank
XESG.TO Calmar Ratio Rank: 6363
Calmar Ratio Rank
XESG.TO Martin Ratio Rank: 7474
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XDIV.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.

XESG.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI Canada Index ETF (XESG.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.

XESG.TOXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
2.24
4.94

-2.70

Sortino ratioReturn per unit of downside risk
2.86
7.29

-4.43

Omega ratioGain probability vs. loss probability

1.41

2.03

-0.62

Calmar ratioReturn relative to maximum drawdown

3.17

16.64

-13.47

Martin ratioReturn relative to average drawdown

14.11

56.55

-42.44

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

XESG.TO vs. XDIV.TO - Sharpe Ratio Comparison

The current XESG.TO Sharpe Ratio is 2.24, which is lower than the XDIV.TO Sharpe Ratio of 4.94. The chart below compares the historical Sharpe Ratios of XESG.TO and XDIV.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.

Loading charts...

Sharpe Ratios by Period

XESG.TOXDIV.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

4.94

-2.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.92

1.57

-0.65

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.81

+0.01

Drawdowns

XESG.TO vs. XDIV.TO - Drawdown Comparison

The maximum XESG.TO drawdown since its inception was -37.36%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for XESG.TO and XDIV.TO.

Loading charts...

Drawdown Indicators

XESG.TOXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.36%

-41.30%

+3.94%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-2.33%

-6.95%

Max Drawdown (3Y)

Largest decline over 3 years

-14.18%

-10.53%

-3.65%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-17.60%

-0.31%

Current Drawdown

Current decline from peak

-0.94%

-0.09%

-0.85%

Average Drawdown

Average peak-to-trough decline

-4.55%

-4.25%

-0.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.08%

0.69%

+1.39%

Volatility

XESG.TO vs. XDIV.TO - Volatility Comparison

iShares ESG Aware MSCI Canada Index ETF (XESG.TO) has a higher volatility of 3.37% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that XESG.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XESG.TOXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.37%

2.81%

+0.56%

Volatility (6M)

Calculated over the trailing 6-month period

10.94%

6.36%

+4.58%

Volatility (1Y)

Calculated over the trailing 1-year period

13.15%

7.85%

+5.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.62%

10.53%

+3.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.83%

16.01%

+0.82%

XESG.TO vs. XDIV.TO - Expense Ratio Comparison

XESG.TO has a 0.16% expense ratio, which is higher than XDIV.TO's 0.11% 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

XESG.TO vs. XDIV.TO - Dividend Comparison

XESG.TO's dividend yield for the trailing twelve months is around 1.96%, less than XDIV.TO's 3.28% yield.

PositionTTM202520242023202220212020201920182017
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.28%3.81%4.29%4.20%3.95%3.58%4.58%4.02%4.85%1.82%
XESG.TO
iShares ESG Aware MSCI Canada Index ETF		1.96%2.13%2.45%2.74%2.63%1.88%2.15%1.05%0.00%0.00%

Frequently Asked Questions

XESG.TO and XDIV.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.16% for XESG.TO.

XESG.TO is categorized as Canada Equities, while XDIV.TO is Dividend. XESG.TO tracks Morningstar Canada GR CAD, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.16% for XESG.TO and 0.11% for XDIV.TO.

Portfolio Optimizer

Find the right allocation for XESG.TO and XDIV.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer