CDIV.TO vs. XDUH.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Manulife Smart Dividend ETF (CDIV.TO) and iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO).

CDIV.TO and XDUH.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. XDUH.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Jun 13, 2017.

Performance

CDIV.TO vs. XDUH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Manulife Smart Dividend ETF (CDIV.TO) and iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO). The values are adjusted to include any dividend payments, if applicable.

CDIV.TO vs. XDUH.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%
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)	4.41%	8.02%	9.45%	5.57%	-6.32%	22.54%	1.50%

Returns By Period

In the year-to-date period, CDIV.TO achieves a 8.54% return, which is significantly higher than XDUH.TO's 4.41% 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*: —

XDUH.TO

• 1D: 0.91%
• 1M: -4.82%
• YTD: 4.41%
• 6M: 3.64%
• 1Y: 9.60%
• 3Y*: 9.45%
• 5Y*: 6.60%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

CDIV.TO has a 0.28% expense ratio, which is higher than XDUH.TO's 0.16% expense ratio.

CDIV.TO

Manulife Smart Dividend ETF

XDUH.TO

iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)

Return for Risk

CDIV.TO vs. XDUH.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: 94
CDIV.TO Sharpe Ratio Rank: 94
CDIV.TO Sortino Ratio Rank: 93
CDIV.TO Omega Ratio Rank: 96
CDIV.TO Calmar Ratio Rank: 93
CDIV.TO Martin Ratio Rank: 95

XDUH.TO

XDUH.TO Risk / Return Rank: 35
XDUH.TO Sharpe Ratio Rank: 36
XDUH.TO Sortino Ratio Rank: 36
XDUH.TO Omega Ratio Rank: 36
XDUH.TO Calmar Ratio Rank: 31
XDUH.TO Martin Ratio Rank: 35

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. XDUH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Manulife Smart Dividend ETF (CDIV.TO) and iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.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	XDUH.TO	Difference
Sharpe ratio Return per unit of total volatility	2.32	0.67	+1.65
Sortino ratio Return per unit of downside risk	2.81	1.04	+1.78
Omega ratio Gain probability vs. loss probability	1.49	1.14	+0.35
Calmar ratio Return relative to maximum drawdown	3.50	0.75	+2.75
Martin ratio Return relative to average drawdown	15.02	3.18	+11.84
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. XDUH.TO - Sharpe Ratio Comparison

The current CDIV.TO Sharpe Ratio is 2.32, which is higher than the XDUH.TO Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of CDIV.TO and XDUH.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CDIV.TO	XDUH.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	0.67	+1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.19	0.50	+0.69
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.38	+0.97

Correlation

The correlation between CDIV.TO and XDUH.TO is 0.54, 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. XDUH.TO - Dividend Comparison

CDIV.TO's dividend yield for the trailing twelve months is around 1.83%, less than XDUH.TO's 2.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CDIV.TO Manulife Smart Dividend ETF	1.83%	3.02%	3.41%	3.45%	3.41%	2.38%	0.07%	0.00%	0.00%
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)	2.33%	2.41%	2.61%	2.49%	2.35%	2.56%	2.62%	2.31%	2.69%

Drawdowns

CDIV.TO vs. XDUH.TO - Drawdown Comparison

The maximum CDIV.TO drawdown since its inception was -16.44%, smaller than the maximum XDUH.TO drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for CDIV.TO and XDUH.TO.

Drawdown Indicators

	CDIV.TO	XDUH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.44%	-34.91%	+18.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-11.48%	+2.10%
Max Drawdown (5Y) Largest decline over 5 years	-16.44%	-17.40%	+0.96%
Current Drawdown Current decline from peak	-2.51%	-4.82%	+2.31%
Average Drawdown Average peak-to-trough decline	-2.90%	-4.60%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	2.72%	-0.53%

Volatility

CDIV.TO vs. XDUH.TO - Volatility Comparison

Manulife Smart Dividend ETF (CDIV.TO) has a higher volatility of 5.22% compared to iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) at 2.78%. This indicates that CDIV.TO's price experiences larger fluctuations and is considered to be riskier than XDUH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDIV.TO	XDUH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	2.78%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	10.63%	7.76%	+2.87%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	14.47%	-0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.96%	13.33%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.93%	16.66%	-4.73%