XETM.TO vs. VDY.TO
XETM.TO (iShares S&P/TSX Energy Transition Materials Index ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - XETM.TO is a Materials fund tracking the S&P/TSX Energy Transition Materials Index, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. Both are passively managed. At a 0.35 correlation, their price movements are largely independent. XETM.TO charges 0.59%/yr vs 0.22%/yr for VDY.TO.
Performance
XETM.TO vs. VDY.TO - Performance Comparison
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Returns By Period
XETM.TO
- 1D
- -4.74%
- 1M
- -2.13%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VDY.TO
- 1D
- 0.50%
- 1M
- 2.89%
- YTD
- 24.99%
- 6M
- 23.76%
- 1Y
- 51.43%
- 3Y*
- 29.29%
- 5Y*
- 18.19%
- 10Y*
- 14.75%
XETM.TO vs. VDY.TO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | -4.36% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 21.94% |
Correlation
The correlation between XETM.TO and VDY.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 20, 2026 | 0.35 |
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Return for Risk
XETM.TO vs. VDY.TO — Risk / Return Rank
XETM.TO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VDY.TO
XETM.TO vs. VDY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX Energy Transition Materials Index ETF (XETM.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.
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.
| XETM.TO | VDY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 16.57 | — |
| Martin ratioReturn relative to average drawdown | — | 67.58 | — |
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Drawdowns
XETM.TO vs. VDY.TO - Drawdown Comparison
The maximum XETM.TO drawdown since its inception was -25.13%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for XETM.TO and VDY.TO.
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Drawdown Indicators
| XETM.TO | VDY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.13% | -39.21% | +14.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.12% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.21% | — |
Current DrawdownCurrent decline from peak | -14.50% | 0.00% | -14.50% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -4.46% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.76% | — |
Volatility
XETM.TO vs. VDY.TO - Volatility Comparison
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Volatility by Period
| XETM.TO | VDY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.11% | 8.32% | +41.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.11% | 11.56% | +38.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.11% | 15.92% | +34.19% |
XETM.TO vs. VDY.TO - Expense Ratio Comparison
XETM.TO has a 0.59% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.
Dividends
XETM.TO vs. VDY.TO - Dividend Comparison
XETM.TO has not paid dividends to shareholders, while VDY.TO's dividend yield for the trailing twelve months is around 3.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 3.05% | 3.59% | 4.37% | 4.64% | 4.42% | 3.46% | 4.59% | 4.25% | 4.44% | 3.42% | 3.25% | 4.11% |
XETM.TO iShares S&P/TSX Energy Transition Materials Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XETM.TO and VDY.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDY.TO is cheaper with a 0.22% expense ratio, compared with 0.59% for XETM.TO.
XETM.TO is categorized as Materials, while VDY.TO is Dividend. XETM.TO tracks S&P/TSX Energy Transition Materials Index, while VDY.TO tracks FTSE Canada High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.59% for XETM.TO and 0.22% for VDY.TO.
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