CDIV.TO vs. CUD.TO
Compare and contrast key facts about Manulife Smart Dividend ETF (CDIV.TO) and iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO).
CDIV.TO and CUD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CDIV.TO is an actively managed fund by Manulife. It was launched on Nov 25, 2020. CUD.TO is a passively managed fund by iShares that tracks the performance of the S&P High Yield Dividend Aristocrats CAD Hedged Index. It was launched on Sep 13, 2011.
Performance
CDIV.TO vs. CUD.TO - Performance Comparison
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CDIV.TO vs. CUD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CDIV.TO Manulife Smart Dividend ETF | 8.54% | 25.88% | 15.23% | 11.77% | -2.50% | 26.20% | 2.07% |
CUD.TO iShares US Dividend Growers Index ETF (CAD-Hedged) | 3.87% | 1.72% | 6.13% | 0.09% | -2.31% | 18.87% | -0.45% |
Returns By Period
In the year-to-date period, CDIV.TO achieves a 8.54% return, which is significantly higher than CUD.TO's 3.87% return.
CDIV.TO
- 1D
- 2.90%
- 1M
- -2.09%
- YTD
- 8.54%
- 6M
- 10.63%
- 1Y
- 31.83%
- 3Y*
- 18.12%
- 5Y*
- 14.15%
- 10Y*
- —
CUD.TO
- 1D
- -0.04%
- 1M
- -6.15%
- YTD
- 3.87%
- 6M
- -0.08%
- 1Y
- 2.28%
- 3Y*
- 4.37%
- 5Y*
- 2.78%
- 10Y*
- 6.09%
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CDIV.TO vs. CUD.TO - Expense Ratio Comparison
CDIV.TO has a 0.28% expense ratio, which is lower than CUD.TO's 0.66% expense ratio.
Return for Risk
CDIV.TO vs. CUD.TO — Risk / Return Rank
CDIV.TO
CUD.TO
CDIV.TO vs. CUD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Manulife Smart Dividend ETF (CDIV.TO) and iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.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.
| CDIV.TO | CUD.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.32 | 0.14 | +2.18 |
Sortino ratioReturn per unit of downside risk | 2.81 | 0.31 | +2.51 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.05 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 3.50 | 0.35 | +3.15 |
Martin ratioReturn relative to average drawdown | 15.02 | 1.35 | +13.67 |
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
| CDIV.TO | CUD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 0.14 | +2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.19 | 0.19 | +1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.59 | +0.75 |
Correlation
The correlation between CDIV.TO and CUD.TO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CDIV.TO vs. CUD.TO - Dividend Comparison
CDIV.TO's dividend yield for the trailing twelve months is around 1.83%, less than CUD.TO's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDIV.TO Manulife Smart Dividend ETF | 1.83% | 3.02% | 3.41% | 3.45% | 3.41% | 2.38% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CUD.TO iShares US Dividend Growers Index ETF (CAD-Hedged) | 1.99% | 1.99% | 1.76% | 1.96% | 1.84% | 1.98% | 2.05% | 1.65% | 2.05% | 1.44% | 1.76% | 1.72% |
Drawdowns
CDIV.TO vs. CUD.TO - Drawdown Comparison
The maximum CDIV.TO drawdown since its inception was -16.44%, smaller than the maximum CUD.TO drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for CDIV.TO and CUD.TO.
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Drawdown Indicators
| CDIV.TO | CUD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.44% | -38.36% | +21.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -10.62% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -18.06% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.36% | — |
Current DrawdownCurrent decline from peak | -2.51% | -6.15% | +3.64% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -4.08% | +1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 2.81% | -0.62% |
Volatility
CDIV.TO vs. CUD.TO - Volatility Comparison
Manulife Smart Dividend ETF (CDIV.TO) has a higher volatility of 5.22% compared to iShares US Dividend Growers Index ETF (CAD-Hedged) (CUD.TO) at 3.25%. This indicates that CDIV.TO's price experiences larger fluctuations and is considered to be riskier than CUD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDIV.TO | CUD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.25% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.63% | 9.22% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 15.89% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.96% | 14.71% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.93% | 17.20% | -5.27% |