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CYH.TO vs. XFH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CYH.TO vs. XFH.TO

Last updated Jul 1, 2026
See Documentation

CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) and XFH.TO (iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)) are both Global Equities funds from iShares - CYH.TO tracks the Morningstar Gbl GR CAD while XFH.TO tracks the Morningstar DM xNA GR CAD. Both are passively managed. Over the past 10 years, CYH.TO returned 7.48%/yr vs 10.83%/yr for XFH.TO. A 0.62 correlation means they provide meaningful diversification when combined. CYH.TO charges 0.66%/yr vs 0.22%/yr for XFH.TO.

Performance

CYH.TO vs. XFH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) and iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.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, CYH.TO achieves a 9.48% return, which is significantly lower than XFH.TO's 12.09% return. Over the past 10 years, CYH.TO has underperformed XFH.TO with an annualized return of 7.48%, while XFH.TO has yielded a comparatively higher 10.83% annualized return.

CYH.TO

1D
-0.83%
1M
-1.00%
YTD
9.48%
6M
9.34%
1Y
20.17%
3Y*
16.07%
5Y*
9.06%
10Y*
7.48%

XFH.TO

1D
0.38%
1M
2.43%
YTD
12.09%
6M
11.64%
1Y
25.53%
3Y*
17.02%
5Y*
11.01%
10Y*
10.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CYH.TO vs. XFH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hedged)		9.48%18.78%12.28%3.85%-2.46%23.39%-8.70%9.23%-6.21%13.17%
XFH.TO
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)		12.09%21.68%12.60%18.31%-6.58%12.30%0.97%23.27%-10.81%17.68%

Correlation

The correlation between CYH.TO and XFH.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Feb 17, 2015

0.62

The correlation between CYH.TO and XFH.TO shifts across timeframes, from 0.48 (1 year) to 0.62 (10 years), reflecting how their relationship changes across market environments.

CYH.TO vs. XFH.TO - Sectors Allocation Comparison

Sectors
CYH.TO
XFH.TO

Financial Services

23.5%
22.6%

Utilities

15.4%
3.6%

Energy

13.4%
3.7%

Consumer Defensive

11.9%
6.3%

Consumer Cyclical

8.8%
8.3%

Communication Services

8.0%
4.7%

Healthcare

5.3%
9.6%

Industrials

4.9%
20.3%

Technology

4.1%
11.3%

Basic Materials

3.7%
6.8%

Real Estate

1.1%
2.9%

Financial Services

CYH.TO
23.5%
XFH.TO
22.6%

Utilities

CYH.TO
15.4%
XFH.TO
3.6%

Energy

CYH.TO
13.4%
XFH.TO
3.7%

Consumer Defensive

CYH.TO
11.9%
XFH.TO
6.3%

Consumer Cyclical

CYH.TO
8.8%
XFH.TO
8.3%

Communication Services

CYH.TO
8.0%
XFH.TO
4.7%

Healthcare

CYH.TO
5.3%
XFH.TO
9.6%

Industrials

CYH.TO
4.9%
XFH.TO
20.3%

Technology

CYH.TO
4.1%
XFH.TO
11.3%

Basic Materials

CYH.TO
3.7%
XFH.TO
6.8%

Real Estate

CYH.TO
1.1%
XFH.TO
2.9%

Compare stocks, funds, or ETFs

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iShares Global Monthly Dividend Index ETF (CAD-Hedged)

iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)

Often compared with CYH.TO:
CYH.TO vs. XDG.TOCYH.TO vs. CUD.TOCYH.TO vs. XEI.TOCYH.TO vs. VDY.TOCYH.TO vs. ZDIVXCYH.TO vs. XDIV.TOCYH.TO vs. VEQT.TO
Often compared with XFH.TO:
XFH.TO vs. XEF.TOXFH.TO vs. XIN.TOXFH.TO vs. XLCXFH.TO vs. VIU.TOXFH.TO vs. QQC.TOXFH.TO vs. VEQT.TOXFH.TO vs. VOO

Return for Risk

CYH.TO vs. XFH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CYH.TO
CYH.TO Risk / Return Rank: 7878
Overall Rank
CYH.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
CYH.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
CYH.TO Omega Ratio Rank: 7373
Omega Ratio Rank
CYH.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
CYH.TO Martin Ratio Rank: 8282
Martin Ratio Rank
XFH.TO
XFH.TO Risk / Return Rank: 7373
Overall Rank
XFH.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XFH.TO Sortino Ratio Rank: 7777
Sortino Ratio Rank
XFH.TO Omega Ratio Rank: 7878
Omega Ratio Rank
XFH.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
XFH.TO Martin Ratio Rank: 7070
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.

CYH.TO vs. XFH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) and iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.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.

CYH.TOXFH.TODifference
Sharpe ratioReturn per unit of total volatility
2.04
2.05

-0.02

Sortino ratioReturn per unit of downside risk
2.90
2.90

0.00

Omega ratioGain probability vs. loss probability

1.37

1.39

-0.02

Calmar ratioReturn relative to maximum drawdown

3.83

2.66

+1.17

Martin ratioReturn relative to average drawdown

13.95

10.92

+3.03

CYH.TO vs. XFH.TO - Sharpe Ratio Comparison

The current CYH.TO Sharpe Ratio is 2.04, which is comparable to the XFH.TO Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of CYH.TO and XFH.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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Drawdowns

CYH.TO vs. XFH.TO - Drawdown Comparison

The maximum CYH.TO drawdown since its inception was -61.50%, which is greater than XFH.TO's maximum drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for CYH.TO and XFH.TO.

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Drawdown Indicators

CYH.TOXFH.TODifference

Max Drawdown

Largest peak-to-trough decline

-61.50%

-33.85%

-27.65%

Max Drawdown (1Y)

Largest decline over 1 year

-5.34%

-9.64%

+4.30%

Max Drawdown (3Y)

Largest decline over 3 years

-12.12%

-14.14%

+2.02%

Max Drawdown (5Y)

Largest decline over 5 years

-17.65%

-20.52%

+2.87%

Max Drawdown (10Y)

Largest decline over 10 years

-44.90%

-33.85%

-11.05%

Current Drawdown

Current decline from peak

-2.32%

-0.47%

-1.85%

Average Drawdown

Average peak-to-trough decline

-10.18%

-6.07%

-4.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.46%

2.34%

-0.88%

Volatility

CYH.TO vs. XFH.TO - Volatility Comparison

The current volatility for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) is 2.90%, while iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) has a volatility of 4.32%. This indicates that CYH.TO experiences smaller price fluctuations and is considered to be less risky than XFH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CYH.TOXFH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.90%

4.32%

-1.42%

Volatility (6M)

Calculated over the trailing 6-month period

7.29%

10.59%

-3.30%

Volatility (1Y)

Calculated over the trailing 1-year period

10.04%

12.49%

-2.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.41%

14.08%

-0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.12%

15.94%

+1.18%

CYH.TO vs. XFH.TO - Expense Ratio Comparison

CYH.TO has a 0.66% expense ratio, which is higher than XFH.TO's 0.22% expense ratio.

Dividends

CYH.TO vs. XFH.TO - Dividend Comparison

CYH.TO's dividend yield for the trailing twelve months is around 3.34%, more than XFH.TO's 2.11% yield.

PositionTTM20252024202320222021202020192018201720162015
CYH.TO
iShares Global Monthly Dividend Index ETF (CAD-Hedged)		3.34%3.77%4.33%4.68%4.72%3.89%4.51%4.18%3.98%3.03%3.39%3.84%
XFH.TO
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)		2.11%2.16%2.47%2.93%2.93%2.38%1.85%2.60%2.86%2.26%2.17%2.62%

Frequently Asked Questions

CYH.TO and XFH.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XFH.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XFH.TO is cheaper with a 0.22% expense ratio, compared with 0.66% for CYH.TO.

CYH.TO tracks Morningstar Gbl GR CAD, while XFH.TO tracks Morningstar DM xNA GR CAD. Their fees differ too: 0.66% for CYH.TO and 0.22% for XFH.TO.

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