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XVLU.TO vs. VDY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XVLU.TO vs. VDY.TO

Last updated Aug 2, 2026
Documentation

XVLU.TO (iShares MSCI USA Value Factor Index ETF) and VDY.TO (Vanguard FTSE Canadian High Dividend Yield Index ETF) are both exchange-traded funds - XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while VDY.TO is a Dividend fund tracking the FTSE Canada High Dividend Yield Index. Both are passively managed. Over the past 5 years, XVLU.TO returned 17.99%/yr vs 19.25%/yr for VDY.TO. Their 0.46 correlation means their historical movements had little consistent relationship. XVLU.TO charges 0.32%/yr vs 0.22%/yr for VDY.TO.

Performance

XVLU.TO vs. VDY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI USA Value Factor Index ETF (XVLU.TO) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XVLU.TO achieves a 43.58% return, which is significantly higher than VDY.TO's 28.99% return.

XVLU.TO

1D
-0.99%
1M
-2.56%
6M
34.63%
YTD
43.58%
1Y
77.06%
3Y*
30.11%
5Y*
17.99%
10Y*
—
ALL TIME*
16.06%

VDY.TO

1D
-0.14%
1M
3.60%
6M
26.36%
YTD
28.99%
1Y
52.46%
3Y*
28.21%
5Y*
19.25%
10Y*
14.82%
ALL TIME*
13.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

VDY.TO

Vanguard FTSE Canadian High Dividend Yield Index ETF
CA$16.58MCA$18.51MCA$18.79M

XVLU.TO

iShares MSCI USA Value Factor Index ETF
CA$785.18KCA$1.60MCA$3.76M

XVLU.TO vs. VDY.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XVLU.TO
iShares MSCI USA Value Factor Index ETF		43.58%26.17%15.37%11.09%-8.87%28.64%-3.66%6.32%
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		28.99%29.21%21.44%8.41%-0.23%36.60%-1.37%4.39%

Correlation

The correlation between XVLU.TO and VDY.TO is 0.34, which is low. Their historical price movements had little consistent relationship.

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

0.34

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

0.44

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

0.46

Correlation (All Time)
Calculated using the full available price history since Sep 12, 2019

0.46

The correlation between XVLU.TO and VDY.TO shifts across timeframes, from 0.34 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

XVLU.TO vs. VDY.TO - Sectors Allocation Comparison

Sectors
XVLU.TO
VDY.TO

Technology

39.6%
0.4%

Financial Services

11.4%
60.7%

Consumer Cyclical

10.1%
2.8%

Communication Services

9.3%
2.6%

Healthcare

8.1%
0.1%

Industrials

8.1%
0.2%

Consumer Defensive

4.5%
0.3%

Energy

3.2%
27.3%

Utilities

2.1%
3.9%

Real Estate

1.9%

-

Basic Materials

1.4%
1.8%

Technology

XVLU.TO
39.6%
VDY.TO
0.4%

Financial Services

XVLU.TO
11.4%
VDY.TO
60.7%

Consumer Cyclical

XVLU.TO
10.1%
VDY.TO
2.8%

Communication Services

XVLU.TO
9.3%
VDY.TO
2.6%

Healthcare

XVLU.TO
8.1%
VDY.TO
0.1%

Industrials

XVLU.TO
8.1%
VDY.TO
0.2%

Consumer Defensive

XVLU.TO
4.5%
VDY.TO
0.3%

Energy

XVLU.TO
3.2%
VDY.TO
27.3%

Utilities

XVLU.TO
2.1%
VDY.TO
3.9%

Real Estate

XVLU.TO
1.9%
VDY.TO

-

Basic Materials

XVLU.TO
1.4%
VDY.TO
1.8%

Compare stocks, funds, or ETFs

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

iShares MSCI USA Value Factor Index ETF

Vanguard FTSE Canadian High Dividend Yield Index ETF

Often compared with XVLU.TO:
XVLU.TO vs. VFV.TOXVLU.TO vs. VLUEXVLU.TO vs. XQLT.TOXVLU.TO vs. XSMC.TOXVLU.TO vs. FCUV.TOXVLU.TO vs. ZVU.TOXVLU.TO vs. XDU.TO
Often compared with VDY.TO:
VDY.TO vs. XEI.TOVDY.TO vs. XDIV.TOVDY.TO vs. VCN.TOVDY.TO vs. SCHDVDY.TO vs. XIC.TOVDY.TO vs. VCE.TOVDY.TO vs. ZDV.TO

Return for Risk

XVLU.TO vs. VDY.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
XVLU.TO
XVLU.TO Risk / Return Rank: 9797
Overall Rank
XVLU.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XVLU.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
XVLU.TO Omega Ratio Rank: 9696
Omega Ratio Rank
XVLU.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
XVLU.TO Martin Ratio Rank: 9797
Martin Ratio Rank
VDY.TO
VDY.TO Risk / Return Rank: 9999
Overall Rank
VDY.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VDY.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
VDY.TO Omega Ratio Rank: 9898
Omega Ratio Rank
VDY.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
VDY.TO Martin Ratio Rank: 9999
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.

XVLU.TO vs. VDY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Value Factor Index ETF (XVLU.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.

XVLU.TOVDY.TODifference
Sharpe ratioReturn per unit of total volatility
3.63
5.85

-2.23

Sortino ratioReturn per unit of downside risk
4.58
8.07

-3.49

Omega ratioGain probability vs. loss probability

1.61

2.13

-0.52

Calmar ratioReturn relative to maximum drawdown

8.01

16.61

-8.60

Martin ratioReturn relative to average drawdown

27.17

66.25

-39.08

XVLU.TO vs. VDY.TO - Sharpe Ratio Comparison

The current XVLU.TO Sharpe Ratio is 3.63, which is lower than the VDY.TO Sharpe Ratio of 5.85. The chart below compares the historical Sharpe Ratios of XVLU.TO and VDY.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.

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Drawdowns

XVLU.TO vs. VDY.TO - Drawdown Comparison

The maximum XVLU.TO drawdown since its inception was -34.40%, smaller than the maximum VDY.TO drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for XVLU.TO and VDY.TO.

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Drawdown Indicators

XVLU.TOVDY.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.40%

-39.21%

+4.81%

Max Drawdown (1Y)

Largest decline over 1 year

-9.25%

-3.12%

-6.13%

Max Drawdown (3Y)

Largest decline over 3 years

-17.13%

-10.38%

-6.75%

Max Drawdown (5Y)

Largest decline over 5 years

-20.16%

-16.17%

-3.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.21%

—

Current Drawdown

Current decline from peak

-8.12%

-0.47%

-7.65%

Average Drawdown

Average peak-to-trough decline

-6.44%

-4.43%

-2.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

0.78%

+1.94%

Volatility

XVLU.TO vs. VDY.TO - Volatility Comparison

iShares MSCI USA Value Factor Index ETF (XVLU.TO) has a higher volatility of 6.68% compared to Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO) at 3.18%. This indicates that XVLU.TO's price experiences larger fluctuations and is considered to be riskier 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

XVLU.TOVDY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.68%

3.18%

+3.50%

Volatility (6M)

Calculated over the trailing 6-month period

17.41%

7.08%

+10.33%

Volatility (1Y)

Calculated over the trailing 1-year period

20.46%

8.86%

+11.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.67%

11.57%

+5.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.11%

15.92%

+3.19%

XVLU.TO vs. VDY.TO - Expense Ratio Comparison

XVLU.TO has a 0.32% expense ratio, which is higher than VDY.TO's 0.22% expense ratio.

Dividends

XVLU.TO vs. VDY.TO - Dividend Comparison

XVLU.TO's dividend yield for the trailing twelve months is around 1.17%, less than VDY.TO's 2.99% yield.

PositionTTM20252024202320222021202020192018201720162015
VDY.TO
Vanguard FTSE Canadian High Dividend Yield Index ETF		2.79%3.59%4.37%4.64%4.42%3.46%4.59%4.25%4.44%3.42%3.25%4.11%
XVLU.TO
iShares MSCI USA Value Factor Index ETF		1.17%1.75%2.17%2.26%2.51%2.03%2.72%0.68%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XVLU.TO and VDY.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VDY.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VDY.TO is cheaper with a 0.22% expense ratio, compared with 0.32% for XVLU.TO.

XVLU.TO is categorized as Large Cap Value Equities, while VDY.TO is Dividend. XVLU.TO tracks MSCI USA Enhanced Value Index, while VDY.TO tracks FTSE Canada High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.32% for XVLU.TO and 0.22% for VDY.TO.

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