XIU.TO vs. XDV.TO
XIU.TO (iShares S&P/TSX 60 Index ETF) and XDV.TO (iShares Canadian Select Dividend Index ETF) are both Canada Equities funds from iShares - XIU.TO tracks the S&P/TSX 60 Index while XDV.TO tracks the Morningstar Canada GR CAD. Both are passively managed. Over the past 10 years, XIU.TO returned 12.62%/yr vs 11.99%/yr for XDV.TO. A 0.79 correlation means they provide meaningful diversification when combined. XIU.TO charges 0.18%/yr vs 0.55%/yr for XDV.TO.
Performance
XIU.TO vs. XDV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XIU.TO achieves a 10.14% return, which is significantly lower than XDV.TO's 16.45% return. Both investments have delivered pretty close results over the past 10 years, with XIU.TO having a 12.62% annualized return and XDV.TO not far behind at 11.99%.
XIU.TO
- 1D
- -0.87%
- 1M
- 3.47%
- YTD
- 10.14%
- 6M
- 12.10%
- 1Y
- 31.65%
- 3Y*
- 22.48%
- 5Y*
- 14.37%
- 10Y*
- 12.62%
XDV.TO
- 1D
- -0.09%
- 1M
- 4.74%
- YTD
- 16.45%
- 6M
- 20.26%
- 1Y
- 39.82%
- 3Y*
- 23.34%
- 5Y*
- 13.46%
- 10Y*
- 11.99%
XIU.TO vs. XDV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XIU.TO iShares S&P/TSX 60 Index ETF | 10.14% | 28.89% | 20.73% | 11.85% | -6.35% | 28.06% | 5.27% | 21.81% | -7.82% | 9.58% |
XDV.TO iShares Canadian Select Dividend Index ETF | 16.45% | 29.37% | 21.28% | 8.00% | -8.57% | 31.30% | -0.38% | 21.30% | -12.48% | 11.06% |
Correlation
The correlation between XIU.TO and XDV.TO is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2005 | 0.79 |
The correlation between XIU.TO and XDV.TO shifts across timeframes, from 0.71 (1 year) to 0.81 (10 years), reflecting how their relationship changes across market environments.
XIU.TO vs. XDV.TO - Sectors Allocation Comparison
Sectors
XIU.TO
XDV.TO
Financial Services
Energy
Basic Materials
Technology
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Industrials
Consumer Cyclical
Consumer Defensive
Utilities
Communication Services
Real Estate
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Healthcare
-
-
Financial Services
XIU.TO
XDV.TO
Energy
XIU.TO
XDV.TO
Basic Materials
XIU.TO
XDV.TO
Technology
XIU.TO
XDV.TO
-
Industrials
XIU.TO
XDV.TO
Consumer Cyclical
XIU.TO
XDV.TO
Consumer Defensive
XIU.TO
XDV.TO
Utilities
XIU.TO
XDV.TO
Communication Services
XIU.TO
XDV.TO
Real Estate
XIU.TO
XDV.TO
-
Healthcare
XIU.TO
-
XDV.TO
-
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Return for Risk
XIU.TO vs. XDV.TO — Risk / Return Rank
XIU.TO
XDV.TO
XIU.TO vs. XDV.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 iShares Canadian Select Dividend Index ETF (XDV.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.
| XIU.TO | XDV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.95 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 2.02 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | 4.16 | 8.35 | -4.20 |
| Martin ratioReturn relative to average drawdown | 19.30 | 41.42 | -22.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XIU.TO | XDV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.71 | 5.11 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 1.26 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.82 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.59 | -0.08 |
Drawdowns
XIU.TO vs. XDV.TO - Drawdown Comparison
The maximum XIU.TO drawdown since its inception was -52.31%, which is greater than XDV.TO's maximum drawdown of -48.56%. Use the drawdown chart below to compare losses from any high point for XIU.TO and XDV.TO.
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Drawdown Indicators
| XIU.TO | XDV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.31% | -48.56% | -3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -4.79% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -12.99% | +0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -20.52% | +4.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -39.08% | +3.62% |
Current DrawdownCurrent decline from peak | -0.87% | -0.18% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -6.78% | -4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.96% | +0.68% |
Volatility
XIU.TO vs. XDV.TO - Volatility Comparison
iShares S&P/TSX 60 Index ETF (XIU.TO) has a higher volatility of 3.28% compared to iShares Canadian Select Dividend Index ETF (XDV.TO) at 2.79%. This indicates that XIU.TO's price experiences larger fluctuations and is considered to be riskier than XDV.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 | XDV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.79% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 6.53% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 7.83% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.78% | 10.71% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 14.63% | +0.38% |
XIU.TO vs. XDV.TO - Expense Ratio Comparison
XIU.TO has a 0.18% expense ratio, which is lower than XDV.TO's 0.55% expense ratio.
Dividends
XIU.TO vs. XDV.TO - Dividend Comparison
XIU.TO's dividend yield for the trailing twelve months is around 2.20%, less than XDV.TO's 3.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDV.TO iShares Canadian Select Dividend Index ETF | 3.36% | 3.46% | 4.34% | 4.62% | 4.49% | 3.82% | 4.78% | 4.21% | 4.92% | 3.65% | 3.91% | 4.75% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.20% | 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 XDV.TO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIU.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIU.TO is cheaper with a 0.18% expense ratio, compared with 0.55% for XDV.TO.
XIU.TO tracks S&P/TSX 60 Index, while XDV.TO tracks Morningstar Canada GR CAD. Their fees differ too: 0.18% for XIU.TO and 0.55% for XDV.TO.
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