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DRFU.TO vs. XHD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRFU.TO vs. XHD.TO

Last updated Jul 17, 2026
Documentation

DRFU.TO (Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF) and XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) are both Large Cap Blend Equities funds. DRFU.TO is actively managed, while XHD.TO is passively managed. Over the past 5 years, DRFU.TO returned 14.84%/yr vs 6.85%/yr for XHD.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

DRFU.TO vs. XHD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) and iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.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, DRFU.TO achieves a 15.27% return, which is significantly lower than XHD.TO's 16.68% return.

DRFU.TO

1D
0.00%
1M
1.44%
6M
14.13%
YTD
15.27%
1Y
29.62%
3Y*
24.00%
5Y*
14.84%
10Y*
—

XHD.TO

1D
2.71%
1M
3.41%
6M
11.97%
YTD
16.68%
1Y
7.91%
3Y*
9.12%
5Y*
6.85%
10Y*
5.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRFU.TO vs. XHD.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
DRFU.TO
Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF		15.27%12.18%37.32%5.44%-9.19%29.41%7.31%21.84%-8.47%
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		16.68%-1.36%9.56%0.00%4.27%17.97%-9.44%18.01%-8.19%

Correlation

The correlation between DRFU.TO and XHD.TO is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

-0.02

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

0.06

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

0.05

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2018

0.09

The correlation between DRFU.TO and XHD.TO shifts across timeframes, from -0.02 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF

iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)

Often compared with DRFU.TO:
DRFU.TO vs. DANC.TODRFU.TO vs. DCG.TODRFU.TO vs. DCS.TODRFU.TO vs. DRFD.TODRFU.TO vs. DRFE.TODRFU.TO vs. DRFG.TODRFU.TO vs. DRMC.TO
Often compared with XHD.TO:
XHD.TO vs. SCHDXHD.TO vs. VDY.TOXHD.TO vs. XDIV.TOXHD.TO vs. XEQT.TOXHD.TO vs. XDGH.TOXHD.TO vs. XDU.TOXHD.TO vs. HDIVX

Return for Risk

DRFU.TO vs. XHD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRFU.TO
DRFU.TO Risk / Return Rank: 8989
Overall Rank
DRFU.TO Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
DRFU.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
DRFU.TO Omega Ratio Rank: 9595
Omega Ratio Rank
DRFU.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
DRFU.TO Martin Ratio Rank: 8989
Martin Ratio Rank
XHD.TO
XHD.TO Risk / Return Rank: 2020
Overall Rank
XHD.TO Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
XHD.TO Sortino Ratio Rank: 1616
Sortino Ratio Rank
XHD.TO Omega Ratio Rank: 2121
Omega Ratio Rank
XHD.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
XHD.TO Martin Ratio Rank: 2424
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.

DRFU.TO vs. XHD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) and iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.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.

DRFU.TOXHD.TODifference
Sharpe ratioReturn per unit of total volatility
2.09
0.48

+1.60

Sortino ratioReturn per unit of downside risk
3.60
0.70

+2.90

Omega ratioGain probability vs. loss probability

1.61

1.12

+0.48

Calmar ratioReturn relative to maximum drawdown

4.23

0.70

+3.53

Martin ratioReturn relative to average drawdown

15.29

2.45

+12.83

DRFU.TO vs. XHD.TO - Sharpe Ratio Comparison

The current DRFU.TO Sharpe Ratio is 2.09, which is higher than the XHD.TO Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of DRFU.TO and XHD.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

DRFU.TO vs. XHD.TO - Drawdown Comparison

The maximum DRFU.TO drawdown since its inception was -19.89%, smaller than the maximum XHD.TO drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for DRFU.TO and XHD.TO.

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Drawdown Indicators

DRFU.TOXHD.TODifference

Max Drawdown

Largest peak-to-trough decline

-19.89%

-38.71%

+18.82%

Max Drawdown (1Y)

Largest decline over 1 year

-6.89%

-11.29%

+4.40%

Max Drawdown (3Y)

Largest decline over 3 years

-19.89%

-12.74%

-7.15%

Max Drawdown (5Y)

Largest decline over 5 years

-19.89%

-16.37%

-3.52%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.71%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-4.91%

-3.94%

-0.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

3.23%

-1.33%

Volatility

DRFU.TO vs. XHD.TO - Volatility Comparison

The current volatility for Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF (DRFU.TO) is 2.31%, while iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) has a volatility of 5.00%. This indicates that DRFU.TO experiences smaller price fluctuations and is considered to be less risky than XHD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DRFU.TOXHD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.31%

5.00%

-2.69%

Volatility (6M)

Calculated over the trailing 6-month period

11.31%

8.62%

+2.69%

Volatility (1Y)

Calculated over the trailing 1-year period

13.97%

16.40%

-2.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.37%

14.70%

+1.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.49%

16.42%

+0.07%

Dividends

DRFU.TO vs. XHD.TO - Dividend Comparison

DRFU.TO's dividend yield for the trailing twelve months is around 1.01%, less than XHD.TO's 2.35% yield.

PositionTTM20252024202320222021202020192018201720162015
DRFU.TO
Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF		1.01%0.76%0.60%0.80%1.05%1.08%1.38%1.37%0.41%0.00%0.00%0.00%
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		2.35%2.74%3.06%3.16%2.75%2.87%3.51%2.51%2.87%2.41%2.54%3.07%

Frequently Asked Questions

DRFU.TO and XHD.TO have a correlation of -0.02, 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: Desjardins and iShares.

Portfolio Optimizer

Find the right allocation for DRFU.TO and XHD.TO

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