XSTH.TO vs. VDY.TO
XSTH.TO (iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - XSTH.TO is a Inflation-Protected Bonds fund tracking the Morningstar Gbl Core Bd GR CAD, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. Both are passively managed. Over the past 5 years, XSTH.TO returned 2.05%/yr vs 19.34%/yr for VDY.TO. At a 0.12 correlation, their price movements are largely independent. XSTH.TO charges 0.16%/yr vs 0.22%/yr for VDY.TO.
Performance
XSTH.TO vs. VDY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSTH.TO achieves a 0.82% return, which is significantly lower than VDY.TO's 29.59% return.
XSTH.TO
- 1D
- 0.11%
- 1M
- -0.28%
- 6M
- 0.74%
- YTD
- 0.82%
- 1Y
- 1.79%
- 3Y*
- 3.80%
- 5Y*
- 2.05%
- 10Y*
- —
VDY.TO
- 1D
- 1.04%
- 1M
- 4.96%
- 6M
- 26.90%
- YTD
- 29.59%
- 1Y
- 53.81%
- 3Y*
- 29.06%
- 5Y*
- 19.34%
- 10Y*
- 14.77%
XSTH.TO vs. VDY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 0.82% | 4.20% | 3.68% | 3.90% | -3.36% | 1.76% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 29.59% | 29.21% | 21.44% | 8.41% | -0.23% | 8.76% |
Correlation
The correlation between XSTH.TO and VDY.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.12 |
The correlation between XSTH.TO and VDY.TO shifts across timeframes, from -0.04 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XSTH.TO vs. VDY.TO — Risk / Return Rank
XSTH.TO
VDY.TO
XSTH.TO vs. VDY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.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.
| XSTH.TO | VDY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.59 | ||
| Sortino ratioReturn per unit of downside risk | -7.89 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 2.26 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 17.34 | -16.13 |
| Martin ratioReturn relative to average drawdown | 4.33 | 70.22 | -65.90 |
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Drawdowns
XSTH.TO vs. VDY.TO - Drawdown Comparison
The maximum XSTH.TO drawdown since its inception was -5.98%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for XSTH.TO and VDY.TO.
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Drawdown Indicators
| XSTH.TO | VDY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.98% | -39.21% | +33.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -3.12% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -10.38% | +8.89% |
Max Drawdown (5Y)Largest decline over 5 years | -5.98% | -16.17% | +10.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.21% | — |
Current DrawdownCurrent decline from peak | -0.68% | 0.00% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -1.54% | -4.44% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 0.77% | -0.36% |
Volatility
XSTH.TO vs. VDY.TO - Volatility Comparison
The current volatility for iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) is 1.40%, while Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) has a volatility of 2.29%. This indicates that XSTH.TO experiences smaller price fluctuations and is considered to be less risky than VDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSTH.TO | VDY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 2.29% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 6.87% | -4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.38% | 8.54% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.65% | 11.57% | -7.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.65% | 15.91% | -12.26% |
XSTH.TO vs. VDY.TO - Expense Ratio Comparison
XSTH.TO has a 0.16% expense ratio, which is lower than VDY.TO's 0.22% 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
XSTH.TO vs. VDY.TO - Dividend Comparison
XSTH.TO's dividend yield for the trailing twelve months is around 4.42%, more than VDY.TO's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 2.75% | 3.59% | 4.37% | 4.64% | 4.42% | 3.46% | 4.59% | 4.25% | 4.44% | 3.42% | 3.25% | 4.11% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 4.42% | 3.94% | 2.53% | 3.15% | 6.07% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSTH.TO and VDY.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSTH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSTH.TO is cheaper with a 0.16% expense ratio, compared with 0.22% for VDY.TO.
XSTH.TO is categorized as Inflation-Protected Bonds, while VDY.TO is Dividend. XSTH.TO tracks Morningstar Gbl Core Bd GR CAD, while VDY.TO tracks FTSE Canada High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.16% for XSTH.TO and 0.22% for VDY.TO.
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