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CDIV.TO vs. LLYH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CDIV.TO vs. LLYH.TO

Last updated Jun 4, 2026

CDIV.TO (Manulife Smart Dividend ETF) and LLYH.TO (Harvest Eli Lilly High Income Shares ETF Class A Units) are both Dividend funds. Both are actively managed. Over the past year, CDIV.TO returned 31.29% vs 39.69% for LLYH.TO. At a 0.19 correlation, their price movements are largely independent. CDIV.TO charges 0.28%/yr vs 0.40%/yr for LLYH.TO.

Performance

CDIV.TO vs. LLYH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Manulife Smart Dividend ETF (CDIV.TO) and Harvest Eli Lilly High Income Shares ETF Class A Units (LLYH.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, CDIV.TO achieves a 14.31% return, which is significantly higher than LLYH.TO's 3.76% return.

CDIV.TO

1D
-0.55%
1M
3.71%
YTD
14.31%
6M
10.66%
1Y
31.29%
3Y*
20.24%
5Y*
13.50%
10Y*
—

LLYH.TO

1D
1.49%
1M
11.47%
YTD
3.76%
6M
6.93%
1Y
39.69%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CDIV.TO vs. LLYH.TO - Yearly Performance Comparison

2026 (YTD)20252024
CDIV.TO
Manulife Smart Dividend ETF		14.31%25.88%3.53%
LLYH.TO
Harvest Eli Lilly High Income Shares ETF Class A Units		3.76%24.63%-11.16%

Correlation

The correlation between CDIV.TO and LLYH.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Aug 22, 2024

0.19

Compare stocks, funds, or ETFs

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

Manulife Smart Dividend ETF

Harvest Eli Lilly High Income Shares ETF Class A Units

Often compared with CDIV.TO:
CDIV.TO vs. XDIV.TOCDIV.TO vs. VDY.TOCDIV.TO vs. XEI.TOCDIV.TO vs. XHD.TOCDIV.TO vs. IDIV-B.TOCDIV.TO vs. FCCD.TOCDIV.TO vs. XDG.TO
Often compared with LLYH.TO:
LLYH.TO vs. LLHE.TOLLYH.TO vs. FCID.TOLLYH.TO vs. HHIC.TOLLYH.TO vs. CWIN.TOLLYH.TO vs. HHIS.TOLLYH.TO vs. XDU.TOLLYH.TO vs. VDY.TO

Return for Risk

CDIV.TO vs. LLYH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CDIV.TO
CDIV.TO Risk / Return Rank: 8181
Overall Rank
CDIV.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
CDIV.TO Sortino Ratio Rank: 7171
Sortino Ratio Rank
CDIV.TO Omega Ratio Rank: 8787
Omega Ratio Rank
CDIV.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
CDIV.TO Martin Ratio Rank: 8484
Martin Ratio Rank
LLYH.TO
LLYH.TO Risk / Return Rank: 3636
Overall Rank
LLYH.TO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
LLYH.TO Sortino Ratio Rank: 3333
Sortino Ratio Rank
LLYH.TO Omega Ratio Rank: 3838
Omega Ratio Rank
LLYH.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
LLYH.TO Martin Ratio Rank: 3535
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CDIV.TO vs. LLYH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manulife Smart Dividend ETF (CDIV.TO) and Harvest Eli Lilly High Income Shares ETF Class A Units (LLYH.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.TOLLYH.TODifference
Sharpe ratioReturn per unit of total volatility
2.61
1.21

+1.40

Sortino ratioReturn per unit of downside risk
3.21
1.72

+1.50

Omega ratioGain probability vs. loss probability

1.53

1.25

+0.29

Calmar ratioReturn relative to maximum drawdown

4.20

1.90

+2.30

Martin ratioReturn relative to average drawdown

17.38

5.21

+12.17

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDIV.TO vs. LLYH.TO - Sharpe Ratio Comparison

The current CDIV.TO Sharpe Ratio is 2.61, which is higher than the LLYH.TO Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CDIV.TO and LLYH.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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Sharpe Ratios by Period

CDIV.TOLLYH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.61

1.21

+1.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.13

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.40

0.24

+1.16

Drawdowns

CDIV.TO vs. LLYH.TO - Drawdown Comparison

The maximum CDIV.TO drawdown since its inception was -16.44%, smaller than the maximum LLYH.TO drawdown of -31.00%. Use the drawdown chart below to compare losses from any high point for CDIV.TO and LLYH.TO.

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Drawdown Indicators

CDIV.TOLLYH.TODifference

Max Drawdown

Largest peak-to-trough decline

-16.44%

-31.00%

+14.56%

Max Drawdown (1Y)

Largest decline over 1 year

-7.48%

-20.97%

+13.49%

Max Drawdown (3Y)

Largest decline over 3 years

-9.64%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-16.44%

—

—

Current Drawdown

Current decline from peak

-0.55%

-2.39%

+1.84%

Average Drawdown

Average peak-to-trough decline

-2.83%

-10.18%

+7.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.81%

7.64%

-5.83%

Volatility

CDIV.TO vs. LLYH.TO - Volatility Comparison

The current volatility for Manulife Smart Dividend ETF (CDIV.TO) is 2.82%, while Harvest Eli Lilly High Income Shares ETF Class A Units (LLYH.TO) has a volatility of 6.85%. This indicates that CDIV.TO experiences smaller price fluctuations and is considered to be less risky than LLYH.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.TOLLYH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.82%

6.85%

-4.03%

Volatility (6M)

Calculated over the trailing 6-month period

10.70%

24.78%

-14.08%

Volatility (1Y)

Calculated over the trailing 1-year period

12.05%

33.04%

-20.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.05%

33.82%

-21.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.90%

33.82%

-21.92%

CDIV.TO vs. LLYH.TO - Expense Ratio Comparison

CDIV.TO has a 0.28% expense ratio, which is lower than LLYH.TO's 0.40% expense ratio.

Dividends

CDIV.TO vs. LLYH.TO - Dividend Comparison

CDIV.TO's dividend yield for the trailing twelve months is around 2.28%, less than LLYH.TO's 17.81% yield.

PositionTTM202520242023202220212020
CDIV.TO
Manulife Smart Dividend ETF		2.28%3.02%3.41%3.45%3.41%2.38%0.07%
LLYH.TO
Harvest Eli Lilly High Income Shares ETF Class A Units		17.81%17.54%6.17%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CDIV.TO and LLYH.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CDIV.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CDIV.TO is cheaper with a 0.28% expense ratio, compared with 0.40% for LLYH.TO.

They also come from different issuers: Manulife and Harvest. Their fees differ too: 0.28% for CDIV.TO and 0.40% for LLYH.TO.

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