XIU.TO vs. CMVP.TO
XIU.TO (iShares S&P/TSX 60 Index ETF) and CMVP.TO (HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units) are both Canada Equities funds - XIU.TO tracks the S&P/TSX 60 Index while CMVP.TO tracks the Solactive Canada Dividend Elite Champions Index. Both are passively managed. Over the past year, XIU.TO returned 33.10% vs 33.77% for CMVP.TO. A 0.79 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.00%/yr for CMVP.TO.
Performance
XIU.TO vs. CMVP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIU.TO achieves a 11.69% return, which is significantly lower than CMVP.TO's 17.07% return.
XIU.TO
- 1D
- 0.33%
- 1M
- 2.00%
- YTD
- 11.69%
- 6M
- 10.82%
- 1Y
- 33.10%
- 3Y*
- 23.75%
- 5Y*
- 14.38%
- 10Y*
- 13.23%
CMVP.TO
- 1D
- 0.53%
- 1M
- 4.01%
- YTD
- 17.07%
- 6M
- 16.68%
- 1Y
- 33.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XIU.TO vs. CMVP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 11.69% | 24.80% |
CMVP.TO HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units | 17.07% | 21.08% |
Correlation
The correlation between XIU.TO and CMVP.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2025 | 0.79 |
The correlation between XIU.TO and CMVP.TO has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
XIU.TO vs. CMVP.TO — Risk / Return Rank
XIU.TO
CMVP.TO
XIU.TO vs. CMVP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P/TSX 60 Index ETF (XIU.TO) and HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.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.
| XIU.TO | CMVP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.63 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 4.75 | -0.40 |
| Martin ratioReturn relative to average drawdown | 19.91 | 21.45 | -1.54 |
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Drawdowns
XIU.TO vs. CMVP.TO - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -46.98%, which is greater than CMVP.TO's maximum drawdown of -8.86%. Use the drawdown chart below to compare losses from any high point for XIU.TO and CMVP.TO.
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Drawdown Indicators
| XIU.TO | CMVP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.98% | -8.86% | -38.12% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -7.14% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | — | — |
Current DrawdownCurrent decline from peak | -0.69% | 0.00% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -1.05% | -5.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.58% | +0.09% |
Volatility
XIU.TO vs. CMVP.TO - Volatility Comparison
iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 3.59% compared to HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units (CMVP.TO) at 2.81%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than CMVP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XIU.TO | CMVP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.59% | 2.81% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 8.11% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 9.93% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.84% | 11.01% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 11.01% | +3.99% |
XIU.TO vs. CMVP.TO - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is higher than CMVP.TO's 0.00% 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
XIU.TO vs. CMVP.TO - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.17%, less than CMVP.TO's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMVP.TO HAMILTON CHAMPIONS Canadian Dividend Index ETF Class E Units | 2.60% | 2.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.17% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
Frequently Asked Questions
XIU.TO and CMVP.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMVP.TO is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMVP.TO is cheaper with a 0.00% expense ratio, compared with 0.18% for XIU.TO.
XIU.TO tracks S&P/TSX 60 Index, while CMVP.TO tracks Solactive Canada Dividend Elite Champions Index. They also come from different issuers: iShares and Hamilton Capital. Their fees differ too: 0.18% for XIU.TO and 0.00% for CMVP.TO.
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