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Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in Manulife Smart International Dividend ETF Unhedged Units, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
IDIV-B.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.
Returns By Period
Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has returned 6.45% so far this year and 27.01% over the past 12 months.
Manulife Smart International Dividend ETF Unhedged Units
- 1D
- 2.68%
- 1M
- -3.38%
- YTD
- 6.45%
- 6M
- 8.22%
- 1Y
- 27.01%
- 3Y*
- 19.50%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.80%
- 1M
- -3.22%
- YTD
- -3.34%
- 6M
- -2.48%
- 1Y
- 12.46%
- 3Y*
- 17.80%
- 5Y*
- 12.48%
- 10Y*
- 12.91%
Monthly Returns
Based on dividend-adjusted daily data since Nov 10, 2022, IDIV-B.TO's average daily return is +0.08%, while the average monthly return is +1.70%. At this rate, your investment would double in approximately 3.4 years.
Historically, 71% of months were positive and 29% were negative. The best month was Jan 2025 with a return of +6.4%, while the worst month was Dec 2025 at -3.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IDIV-B.TO closed higher 44% of trading days. The best single day was Apr 9, 2025 with a return of +6.0%, while the worst single day was Apr 4, 2025 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.70% | 4.22% | -3.38% | 6.45% | |||||||||
| 2025 | 6.41% | 3.78% | 2.62% | 0.20% | 4.08% | 2.62% | 1.38% | 4.63% | 3.38% | 1.15% | 4.27% | -3.60% | 35.22% |
| 2024 | 2.54% | 4.08% | 4.16% | -1.40% | 4.72% | -0.83% | 1.84% | -1.23% | 1.21% | -2.39% | -0.45% | 0.21% | 12.85% |
| 2023 | 4.52% | -0.60% | 2.89% | 3.13% | -3.28% | 1.69% | 2.78% | -2.54% | -2.28% | -2.24% | 4.85% | 3.22% | 12.28% |
| 2022 | 4.47% | 2.99% | 7.59% |
Benchmark Metrics
Manulife Smart International Dividend ETF Unhedged Units has an annualized alpha of 12.38%, beta of 0.42, and R² of 0.18 versus S&P 500 Index. Calculated based on daily prices since November 11, 2022.
- This ETF captured 57.58% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -20.31%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.42 may look defensive, but with R² of 0.18 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.18 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 12.38%
- Beta
- 0.42
- R²
- 0.18
- Upside Capture
- 57.58%
- Downside Capture
- -20.31%
Expense Ratio
IDIV-B.TO has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IDIV-B.TO ranks 81 for risk / return — in the top 81% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) and compare them to a chosen benchmark (S&P 500 Index).
| IDIV-B.TO | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 0.69 | +0.89 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.06 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.17 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.14 | +1.24 |
Martin ratioReturn relative to average drawdown | 9.91 | 4.22 | +5.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore IDIV-B.TO risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Manulife Smart International Dividend ETF Unhedged Units provided a 2.64% dividend yield over the last twelve months, with an annual payout of CA$0.51 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | CA$0.51 | CA$0.55 | CA$0.48 | CA$0.22 | CA$0.02 |
Dividend yield | 2.64% | 3.02% | 3.49% | 1.73% | 0.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Manulife Smart International Dividend ETF Unhedged Units. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | |||||||||
| 2025 | CA$0.00 | CA$0.00 | CA$0.04 | CA$0.00 | CA$0.00 | CA$0.26 | CA$0.00 | CA$0.00 | CA$0.14 | CA$0.00 | CA$0.00 | CA$0.11 | CA$0.55 |
| 2024 | CA$0.00 | CA$0.00 | CA$0.03 | CA$0.00 | CA$0.00 | CA$0.25 | CA$0.00 | CA$0.00 | CA$0.07 | CA$0.00 | CA$0.00 | CA$0.13 | CA$0.48 |
| 2023 | CA$0.00 | CA$0.00 | CA$0.01 | CA$0.00 | CA$0.00 | CA$0.09 | CA$0.00 | CA$0.00 | CA$0.04 | CA$0.00 | CA$0.00 | CA$0.08 | CA$0.22 |
| 2022 | CA$0.02 | CA$0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Manulife Smart International Dividend ETF Unhedged Units. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Manulife Smart International Dividend ETF Unhedged Units was 13.62%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.
The current Manulife Smart International Dividend ETF Unhedged Units drawdown is 4.05%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.62% | Mar 20, 2025 | 14 | Apr 8, 2025 | 23 | May 12, 2025 | 37 |
| -10.03% | Feb 26, 2026 | 17 | Mar 20, 2026 | — | — | — |
| -8.11% | Jul 15, 2024 | 16 | Aug 6, 2024 | 114 | Jan 20, 2025 | 130 |
| -7.63% | Aug 1, 2023 | 60 | Oct 26, 2023 | 35 | Dec 14, 2023 | 95 |
| -4.26% | Mar 7, 2023 | 7 | Mar 15, 2023 | 12 | Mar 31, 2023 | 19 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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