CINT.TO vs. QDXH.TO
CINT.TO (CIBC International Equity ETF) and QDXH.TO (Mackenzie International Equity Index ETF (CAD-Hedged)) are both International Equity funds. CINT.TO is actively managed, while QDXH.TO is passively managed. Over the past 5 years, CINT.TO returned 2.60%/yr vs 12.25%/yr for QDXH.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
CINT.TO vs. QDXH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CINT.TO achieves a 5.69% return, which is significantly lower than QDXH.TO's 12.19% return.
CINT.TO
- 1D
- -0.56%
- 1M
- -0.64%
- 6M
- 0.41%
- YTD
- 5.69%
- 1Y
- 7.26%
- 3Y*
- 5.00%
- 5Y*
- 2.60%
- 10Y*
- —
QDXH.TO
- 1D
- -0.27%
- 1M
- 5.09%
- 6M
- 8.51%
- YTD
- 12.19%
- 1Y
- 25.56%
- 3Y*
- 17.95%
- 5Y*
- 12.25%
- 10Y*
- —
CINT.TO vs. QDXH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CINT.TO CIBC International Equity ETF | 5.69% | 2.86% | 6.50% | 15.15% | -18.71% | 11.57% | 8.40% |
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 12.19% | 21.99% | 13.25% | 14.25% | -2.55% | 20.52% | 9.86% |
Correlation
The correlation between CINT.TO and QDXH.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2020 | 0.24 |
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Return for Risk
CINT.TO vs. QDXH.TO — Risk / Return Rank
CINT.TO
QDXH.TO
CINT.TO vs. QDXH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CIBC International Equity ETF (CINT.TO) and Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.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.
| CINT.TO | QDXH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.66 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 2.61 | -2.01 |
| Martin ratioReturn relative to average drawdown | 1.81 | 10.92 | -9.11 |
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Drawdowns
CINT.TO vs. QDXH.TO - Drawdown Comparison
The maximum CINT.TO drawdown since its inception was -29.69%, smaller than the maximum QDXH.TO drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for CINT.TO and QDXH.TO.
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Drawdown Indicators
| CINT.TO | QDXH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.69% | -31.75% | +2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -9.85% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -15.39% | -13.49% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.69% | -15.79% | -13.90% |
Current DrawdownCurrent decline from peak | -3.14% | -0.80% | -2.34% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -3.83% | -3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.02% | 2.35% | +1.67% |
Volatility
CINT.TO vs. QDXH.TO - Volatility Comparison
CIBC International Equity ETF (CINT.TO) has a higher volatility of 5.14% compared to Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) at 4.54%. This indicates that CINT.TO's price experiences larger fluctuations and is considered to be riskier than QDXH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CINT.TO | QDXH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.54% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 10.28% | +6.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.71% | 11.99% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 12.72% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 15.43% | -0.69% |
Dividends
CINT.TO vs. QDXH.TO - Dividend Comparison
CINT.TO's dividend yield for the trailing twelve months is around 0.96%, less than QDXH.TO's 2.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CINT.TO CIBC International Equity ETF | 0.96% | 1.01% | 1.08% | 1.19% | 1.10% | 0.42% | 0.86% | 0.00% | 0.00% |
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 2.29% | 2.41% | 2.64% | 2.76% | 2.92% | 2.28% | 1.96% | 2.65% | 3.13% |
Frequently Asked Questions
CINT.TO and QDXH.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: CIBC and Mackenzie.
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