PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XIC.TO vs. PDF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XIC.TO vs. PDF.TO

Last updated Aug 4, 2026
Documentation

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and PDF.TO (Purpose Core Dividend Fund) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while PDF.TO is a Dividend fund actively managed by Purpose. XIC.TO is passively managed, while PDF.TO is actively managed. Over the past 10 years, XIC.TO returned 12.41%/yr vs 9.70%/yr for PDF.TO. Their 0.75 correlation means they have sometimes moved together and sometimes differently. XIC.TO charges 0.06%/yr vs 0.66%/yr for PDF.TO.

Performance

XIC.TO vs. PDF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and Purpose Core Dividend Fund (PDF.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, XIC.TO achieves a 12.55% return, which is significantly lower than PDF.TO's 20.56% return. Over the past 10 years, XIC.TO has outperformed PDF.TO with an annualized return of 12.41%, while PDF.TO has yielded a comparatively lower 9.70% annualized return.

XIC.TO

1D
-0.76%
1M
0.04%
6M
10.65%
YTD
12.55%
1Y
33.33%
3Y*
23.01%
5Y*
14.56%
10Y*
12.41%
ALL TIME*
9.28%

PDF.TO

1D
0.07%
1M
1.78%
6M
16.58%
YTD
20.56%
1Y
35.64%
3Y*
19.06%
5Y*
12.16%
10Y*
9.70%
ALL TIME*
10.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

PDF.TO

Purpose Core Dividend Fund
CA$197.79KCA$214.85KCA$225.89K

XIC.TO

iShares Core S&P/TSX Capped Composite Index ETF
CA$23.72MCA$28.51MCA$27.00M

XIC.TO vs. PDF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		12.55%31.51%21.48%11.74%-5.82%23.43%5.61%22.76%-8.72%8.99%
PDF.TO
Purpose Core Dividend Fund		20.56%20.44%13.61%4.13%-1.74%24.35%-0.79%23.25%-11.14%7.37%

Correlation

The correlation between XIC.TO and PDF.TO is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.69

Correlation (3Y)
Balances recent behavior with more history.

0.76

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.77

Correlation (10Y)
Provides a long-term view across more market conditions.

0.75

Correlation (All Time)
Calculated using the full available price history since Sep 3, 2013

0.75

The correlation between XIC.TO and PDF.TO has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

XIC.TO vs. PDF.TO - Sectors Allocation Comparison

Sectors
XIC.TO
PDF.TO

Financial Services

36.2%
43.2%

Energy

16.6%
12.3%

Basic Materials

16.0%
3.9%

Industrials

10.5%
6.5%

Technology

7.2%
7.8%

Consumer Cyclical

3.9%
8.2%

Utilities

3.3%
4.7%

Consumer Defensive

2.9%
3.6%

Communication Services

1.6%
2.9%

Real Estate

1.5%

-

Healthcare

0.2%
6.9%

Financial Services

XIC.TO
36.2%
PDF.TO
43.2%

Energy

XIC.TO
16.6%
PDF.TO
12.3%

Basic Materials

XIC.TO
16.0%
PDF.TO
3.9%

Industrials

XIC.TO
10.5%
PDF.TO
6.5%

Technology

XIC.TO
7.2%
PDF.TO
7.8%

Consumer Cyclical

XIC.TO
3.9%
PDF.TO
8.2%

Utilities

XIC.TO
3.3%
PDF.TO
4.7%

Consumer Defensive

XIC.TO
2.9%
PDF.TO
3.6%

Communication Services

XIC.TO
1.6%
PDF.TO
2.9%

Real Estate

XIC.TO
1.5%
PDF.TO

-

Healthcare

XIC.TO
0.2%
PDF.TO
6.9%

Compare stocks, funds, or ETFs

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

iShares Core S&P/TSX Capped Composite Index ETF

Purpose Core Dividend Fund

Often compared with XIC.TO:
XIC.TO vs. XIU.TOXIC.TO vs. VDY.TOXIC.TO vs. ZCN.TOXIC.TO vs. VCE.TOXIC.TO vs. XEF.TOXIC.TO vs. VEQT.TOXIC.TO vs. XUS-U.TO
Often compared with PDF.TO:
PDF.TO vs. ZWH.TOPDF.TO vs. PID.TOPDF.TO vs. VGG.TOPDF.TO vs. ZLB.TOPDF.TO vs. BGC.TOPDF.TO vs. RCD.TOPDF.TO vs. CDZ.TO

Return for Risk

XIC.TO vs. PDF.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XIC.TO
XIC.TO Risk / Return Rank: 9090
Overall Rank
XIC.TO Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
XIC.TO Sortino Ratio Rank: 8989
Sortino Ratio Rank
XIC.TO Omega Ratio Rank: 9090
Omega Ratio Rank
XIC.TO Calmar Ratio Rank: 8787
Calmar Ratio Rank
XIC.TO Martin Ratio Rank: 9191
Martin Ratio Rank
PDF.TO
PDF.TO Risk / Return Rank: 9797
Overall Rank
PDF.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
PDF.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
PDF.TO Omega Ratio Rank: 9797
Omega Ratio Rank
PDF.TO Calmar Ratio Rank: 9595
Calmar Ratio Rank
PDF.TO Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XIC.TO vs. PDF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) and Purpose Core Dividend Fund (PDF.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.

XIC.TOPDF.TODifference
Sharpe ratioReturn per unit of total volatility
2.42
4.17

-1.75

Sortino ratioReturn per unit of downside risk
3.13
6.01

-2.88

Omega ratioGain probability vs. loss probability

1.42

1.78

-0.36

Calmar ratioReturn relative to maximum drawdown

3.47

5.54

-2.07

Martin ratioReturn relative to average drawdown

15.70

25.22

-9.53

XIC.TO vs. PDF.TO - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.42, which is lower than the PDF.TO Sharpe Ratio of 4.17. The chart below compares the historical Sharpe Ratios of XIC.TO and PDF.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...

Drawdowns

XIC.TO vs. PDF.TO - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, which is greater than PDF.TO's maximum drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for XIC.TO and PDF.TO.

Loading charts...

Drawdown Indicators

XIC.TOPDF.TODifference

Max Drawdown

Largest peak-to-trough decline

-47.27%

-36.00%

-11.27%

Max Drawdown (1Y)

Largest decline over 1 year

-9.29%

-6.35%

-2.94%

Max Drawdown (3Y)

Largest decline over 3 years

-12.27%

-9.28%

-2.99%

Max Drawdown (5Y)

Largest decline over 5 years

-16.24%

-15.81%

-0.43%

Max Drawdown (10Y)

Largest decline over 10 years

-37.21%

-36.00%

-1.21%

Current Drawdown

Current decline from peak

-1.56%

-0.76%

-0.80%

Average Drawdown

Average peak-to-trough decline

-6.72%

-3.44%

-3.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

1.39%

+0.66%

Volatility

XIC.TO vs. PDF.TO - Volatility Comparison

iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) has a higher volatility of 3.10% compared to Purpose Core Dividend Fund (PDF.TO) at 2.82%. This indicates that XIC.TO's price experiences larger fluctuations and is considered to be riskier than PDF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XIC.TOPDF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.10%

2.82%

+0.28%

Volatility (6M)

Calculated over the trailing 6-month period

10.35%

6.95%

+3.40%

Volatility (1Y)

Calculated over the trailing 1-year period

13.34%

8.46%

+4.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.23%

10.35%

+2.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

13.58%

+1.38%

XIC.TO vs. PDF.TO - Expense Ratio Comparison

XIC.TO has a 0.06% expense ratio, which is lower than PDF.TO's 0.66% expense ratio.

Dividends

XIC.TO vs. PDF.TO - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.00%, less than PDF.TO's 2.78% yield.

PositionTTM20252024202320222021202020192018201720162015
PDF.TO
Purpose Core Dividend Fund		2.78%3.49%3.82%4.17%3.77%3.19%3.84%3.65%4.33%3.50%3.38%3.40%
XIC.TO
iShares Core S&P/TSX Capped Composite Index ETF		2.00%2.23%2.64%2.96%3.10%2.45%3.03%3.01%3.19%2.49%2.72%3.21%

Frequently Asked Questions

XIC.TO and PDF.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XIC.TO is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.66% for PDF.TO.

XIC.TO is categorized as Canada Equities, while PDF.TO is Dividend. They also come from different issuers: iShares and Purpose. Their fees differ too: 0.06% for XIC.TO and 0.66% for PDF.TO.

Portfolio Optimizer

Find the right allocation for XIC.TO and PDF.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