XIC.TO vs. XDIV

Last updated Aug 4, 2026

XIC.TO (iShares Core S&P/TSX Capped Composite Index ETF) and XDIV (Roundhill S&P 500 No Dividend Target ETF) are both exchange-traded funds - XIC.TO is a Canada Equities fund tracking the S&P/TSX Capped Composite Index, while XDIV is a S&P 500 fund actively managed by Roundhill. XIC.TO is passively managed, while XDIV is actively managed. Over the past year, XIC.TO returned 33.33% vs 24.72% for XDIV. Their 0.58 correlation means they have sometimes moved together and sometimes differently. XIC.TO charges 0.06%/yr vs 0.08%/yr for XDIV.

Performance

XIC.TO vs. XDIV - 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 Roundhill S&P 500 No Dividend Target ETF (XDIV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XIC.TO is traded in CAD, while XDIV is traded in USD. To make them comparable, the XDIV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XIC.TO achieves a 12.55% return, which is significantly lower than XDIV's 14.01% 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%

XDIV

• 1D: 1.42%
• 1M: 0.12%
• 6M: 12.52%
• YTD: 14.01%
• 1Y: 24.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
XDIV Roundhill S&P 500 No Dividend Target ETF	CA$872.22K	CA$769.55K	CA$746.14K
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	CA$23.72M	CA$28.51M	CA$27.00M

XIC.TO vs. XDIV - Yearly Performance Comparison

	2026 (YTD)	2025
XIC.TO iShares Core S&P/TSX Capped Composite Index ETF	12.55%	18.85%
XDIV Roundhill S&P 500 No Dividend Target ETF	14.01%	10.16%

Correlation

The correlation between XIC.TO and XDIV is 0.58, 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.	0.58
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.58

The correlation between XIC.TO and XDIV has been stable across timeframes, ranging from 0.58 to 0.58 - a consistent structural relationship.

XIC.TO vs. XDIV - Sectors Allocation Comparison

Sectors	XIC.TO	XDIV
Financial Services	36.2%	11.6%
Energy	16.6%	3.0%
Basic Materials	16.0%	1.7%
Industrials	10.5%	8.4%
Technology	7.2%	38.5%
Consumer Cyclical	3.9%	9.5%
Utilities	3.3%	2.2%
Consumer Defensive	2.9%	4.5%
Communication Services	1.6%	9.9%
Real Estate	1.5%	1.8%
Healthcare	0.2%	8.9%

Return for Risk

XIC.TO vs. XDIV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XIC.TO

XIC.TO Risk / Return Rank: 90
XIC.TO Sharpe Ratio Rank: 92
XIC.TO Sortino Ratio Rank: 89
XIC.TO Omega Ratio Rank: 90
XIC.TO Calmar Ratio Rank: 87
XIC.TO Martin Ratio Rank: 91

XDIV

XDIV Risk / Return Rank: 76
XDIV Sharpe Ratio Rank: 77
XDIV Sortino Ratio Rank: 77
XDIV Omega Ratio Rank: 76
XDIV Calmar Ratio Rank: 71
XDIV Martin Ratio Rank: 81

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. XDIV - 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 Roundhill S&P 500 No Dividend Target ETF (XDIV). 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.TO	XDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.86	+0.56
Sortino ratio: Return per unit of downside risk	3.13	2.62	+0.51
Omega ratio: Gain probability vs. loss probability	1.42	1.32	+0.10
Calmar ratio: Return relative to maximum drawdown	3.47	2.70	+0.77
Martin ratio: Return relative to average drawdown	15.70	9.95	+5.75

XIC.TO vs. XDIV - Sharpe Ratio Comparison

The current XIC.TO Sharpe Ratio is 2.42, which is comparable to the XDIV Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of XIC.TO and XDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XIC.TO vs. XDIV - Drawdown Comparison

The maximum XIC.TO drawdown since its inception was -47.27%, which is greater than XDIV's maximum drawdown of -9.19%. Use the drawdown chart below to compare losses from any high point for XIC.TO and XDIV.

Drawdown Indicators

	XIC.TO	XDIV	Difference
Max Drawdown Largest peak-to-trough decline	-47.27%	-9.19%	-38.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.29%	-9.19%	-0.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.27%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.21%	—	—
Current Drawdown Current decline from peak	-1.56%	-0.48%	-1.08%
Average Drawdown Average peak-to-trough decline	-6.72%	-1.55%	-5.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	2.49%	-0.44%

Volatility

XIC.TO vs. XDIV - Volatility Comparison

The current volatility for iShares Core S&P/TSX Capped Composite Index ETF (XIC.TO) is 3.10%, while Roundhill S&P 500 No Dividend Target ETF (XDIV) has a volatility of 3.54%. This indicates that XIC.TO experiences smaller price fluctuations and is considered to be less risky than XDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIC.TO	XDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	3.54%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	10.57%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	13.34%	13.38%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.23%	13.07%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	13.07%	+1.89%

XIC.TO vs. XDIV - Expense Ratio Comparison

XIC.TO has a 0.06% expense ratio, which is lower than XDIV's 0.08% 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

XIC.TO vs. XDIV - Dividend Comparison

XIC.TO's dividend yield for the trailing twelve months is around 2.00%, while XDIV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDIV Roundhill S&P 500 No Dividend Target 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%
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

Can I hold both XIC.TO and XDIV in my portfolio?

XIC.TO and XDIV have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XIC.TO or XDIV?

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.

Which ETF is cheaper, XIC.TO or XDIV?

XIC.TO is cheaper with a 0.06% expense ratio, compared with 0.08% for XDIV.

What is the main difference between XIC.TO and XDIV?

XIC.TO is categorized as Canada Equities, while XDIV is S&P 500. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.06% for XIC.TO and 0.08% for XDIV.