XVLU.TO vs. XCV.TO
XVLU.TO (iShares MSCI USA Value Factor Index ETF) and XCV.TO (iShares Canadian Value Index ETF) are both exchange-traded funds - XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index, while XCV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD. Both are passively managed. Over the past 5 years, XVLU.TO returned 18.54%/yr vs 20.01%/yr for XCV.TO. At a 0.46 correlation, their price movements are largely independent. XVLU.TO charges 0.32%/yr vs 0.55%/yr for XCV.TO.
Performance
XVLU.TO vs. XCV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XVLU.TO achieves a 46.95% return, which is significantly higher than XCV.TO's 26.43% return.
XVLU.TO
- 1D
- -0.77%
- 1M
- -1.80%
- 6M
- 38.38%
- YTD
- 46.95%
- 1Y
- 76.56%
- 3Y*
- 32.50%
- 5Y*
- 18.54%
- 10Y*
- —
XCV.TO
- 1D
- 0.34%
- 1M
- 3.32%
- 6M
- 25.65%
- YTD
- 26.43%
- 1Y
- 49.66%
- 3Y*
- 29.41%
- 5Y*
- 20.01%
- 10Y*
- 13.72%
XVLU.TO vs. XCV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XVLU.TO iShares MSCI USA Value Factor Index ETF | 46.95% | 26.17% | 15.37% | 11.09% | -8.87% | 28.64% | -3.66% | 7.29% |
XCV.TO iShares Canadian Value Index ETF | 26.43% | 32.30% | 21.41% | 9.62% | 1.98% | 32.81% | -2.43% | 5.80% |
Correlation
The correlation between XVLU.TO and XCV.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2019 | 0.46 |
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Return for Risk
XVLU.TO vs. XCV.TO — Risk / Return Rank
XVLU.TO
XCV.TO
XVLU.TO vs. XCV.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 iShares Canadian Value Index ETF (XCV.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.TO | XCV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 2.11 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 10.67 | 13.00 | -2.33 |
| Martin ratioReturn relative to average drawdown | 35.98 | 48.88 | -12.90 |
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Drawdowns
XVLU.TO vs. XCV.TO - Drawdown Comparison
The maximum XVLU.TO drawdown since its inception was -34.40%, smaller than the maximum XCV.TO drawdown of -52.45%. Use the drawdown chart below to compare losses from any high point for XVLU.TO and XCV.TO.
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Drawdown Indicators
| XVLU.TO | XCV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.40% | -52.45% | +18.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -3.84% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -9.71% | -7.42% |
Max Drawdown (5Y)Largest decline over 5 years | -20.16% | -18.06% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.18% | — |
Current DrawdownCurrent decline from peak | -5.96% | 0.00% | -5.96% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -6.58% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 1.02% | +1.12% |
Volatility
XVLU.TO vs. XCV.TO - Volatility Comparison
iShares MSCI USA Value Factor Index ETF (XVLU.TO) has a higher volatility of 8.27% compared to iShares Canadian Value Index ETF (XCV.TO) at 1.96%. This indicates that XVLU.TO's price experiences larger fluctuations and is considered to be riskier than XCV.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.TO | XCV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.27% | 1.96% | +6.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.79% | 6.91% | +9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 9.17% | +10.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.50% | 12.79% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 15.50% | +3.55% |
XVLU.TO vs. XCV.TO - Expense Ratio Comparison
XVLU.TO has a 0.32% expense ratio, which is lower than XCV.TO's 0.55% expense ratio.
Dividends
XVLU.TO vs. XCV.TO - Dividend Comparison
XVLU.TO's dividend yield for the trailing twelve months is around 1.14%, less than XCV.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCV.TO iShares Canadian Value Index ETF | 2.19% | 2.78% | 3.84% | 4.00% | 3.28% | 2.18% | 3.46% | 3.16% | 3.23% | 2.49% | 2.57% | 3.26% |
XVLU.TO iShares MSCI USA Value Factor Index ETF | 1.14% | 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 XCV.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XVLU.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XVLU.TO is cheaper with a 0.32% expense ratio, compared with 0.55% for XCV.TO.
XVLU.TO is categorized as Large Cap Value Equities, while XCV.TO is Canada Equities. XVLU.TO tracks MSCI USA Enhanced Value Index, while XCV.TO tracks Morningstar Canada GR CAD. Their fees differ too: 0.32% for XVLU.TO and 0.55% for XCV.TO.
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