DXU.TO vs. IDIV-B.TO

Last updated Jun 4, 2026

DXU.TO (Dynamic Active U.S. Dividend ETF) and IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) are both Dividend funds. Both are actively managed. Over the past 3 years, DXU.TO returned 28.47%/yr vs 21.08%/yr for IDIV-B.TO. At a 0.25 correlation, their price movements are largely independent. DXU.TO charges 0.75%/yr vs 0.55%/yr for IDIV-B.TO.

Performance

DXU.TO vs. IDIV-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dynamic Active U.S. Dividend ETF (DXU.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXU.TO achieves a 27.69% return, which is significantly higher than IDIV-B.TO's 10.75% return.

DXU.TO

• 1D: 0.40%
• 1M: 14.78%
• YTD: 27.69%
• 6M: 24.84%
• 1Y: 44.54%
• 3Y*: 28.47%
• 5Y*: 14.84%
• 10Y*: —

IDIV-B.TO

• 1D: 0.00%
• 1M: 3.35%
• YTD: 10.75%
• 6M: 8.02%
• 1Y: 25.99%
• 3Y*: 21.08%
• 5Y*: —
• 10Y*: —

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

DXU.TO vs. IDIV-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DXU.TO Dynamic Active U.S. Dividend ETF	27.69%	9.36%	38.05%	9.43%	-2.14%
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	10.75%	35.22%	12.85%	12.28%	7.59%

Correlation

The correlation between DXU.TO and IDIV-B.TO is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022	0.25

The correlation between DXU.TO and IDIV-B.TO shifts across timeframes, from 0.25 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DXU.TO vs. IDIV-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXU.TO

DXU.TO Risk / Return Rank: 78
DXU.TO Sharpe Ratio Rank: 76
DXU.TO Sortino Ratio Rank: 72
DXU.TO Omega Ratio Rank: 76
DXU.TO Calmar Ratio Rank: 87
DXU.TO Martin Ratio Rank: 79

IDIV-B.TO

IDIV-B.TO Risk / Return Rank: 53
IDIV-B.TO Sharpe Ratio Rank: 50
IDIV-B.TO Sortino Ratio Rank: 47
IDIV-B.TO Omega Ratio Rank: 52
IDIV-B.TO Calmar Ratio Rank: 53
IDIV-B.TO Martin Ratio Rank: 62

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.

DXU.TO vs. IDIV-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dynamic Active U.S. Dividend ETF (DXU.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.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.

	DXU.TO	IDIV-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.46	1.69	+0.77
Sortino ratio: Return per unit of downside risk	3.24	2.31	+0.94
Omega ratio: Gain probability vs. loss probability	1.45	1.32	+0.13
Calmar ratio: Return relative to maximum drawdown	4.89	2.60	+2.29
Martin ratio: Return relative to average drawdown	15.14	11.03	+4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXU.TO vs. IDIV-B.TO - Sharpe Ratio Comparison

The current DXU.TO Sharpe Ratio is 2.46, which is higher than the IDIV-B.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of DXU.TO and IDIV-B.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.

Sharpe Ratios by Period

	DXU.TO	IDIV-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	1.69	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.59	-0.71

Drawdowns

DXU.TO vs. IDIV-B.TO - Drawdown Comparison

The maximum DXU.TO drawdown since its inception was -27.05%, which is greater than IDIV-B.TO's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for DXU.TO and IDIV-B.TO.

Drawdown Indicators

	DXU.TO	IDIV-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-27.05%	-13.62%	-13.43%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-10.03%	+0.88%
Max Drawdown (3Y) Largest decline over 3 years	-23.80%	-13.62%	-10.18%
Max Drawdown (5Y) Largest decline over 5 years	-24.83%	—	—
Current Drawdown Current decline from peak	0.00%	-3.00%	+3.00%
Average Drawdown Average peak-to-trough decline	-6.47%	-1.72%	-4.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.36%	+0.59%

Volatility

DXU.TO vs. IDIV-B.TO - Volatility Comparison

The current volatility for Dynamic Active U.S. Dividend ETF (DXU.TO) is 4.83%, while Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a volatility of 5.14%. This indicates that DXU.TO experiences smaller price fluctuations and is considered to be less risky than IDIV-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXU.TO	IDIV-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	5.14%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	14.07%	13.24%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	18.19%	15.48%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	14.06%	+4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.34%	14.06%	+5.28%

DXU.TO vs. IDIV-B.TO - Expense Ratio Comparison

DXU.TO has a 0.75% expense ratio, which is higher than IDIV-B.TO's 0.55% expense ratio.

Dividends

DXU.TO vs. IDIV-B.TO - Dividend Comparison

DXU.TO has not paid dividends to shareholders, while IDIV-B.TO's dividend yield for the trailing twelve months is around 2.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXU.TO Dynamic Active U.S. Dividend ETF	0.00%	0.00%	0.00%	0.00%	0.22%	0.00%	0.00%	0.00%	0.00%	0.10%
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	2.80%	3.02%	3.49%	1.73%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DXU.TO and IDIV-B.TO in my portfolio?

DXU.TO and IDIV-B.TO have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXU.TO or IDIV-B.TO?

On fees, IDIV-B.TO is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DXU.TO or IDIV-B.TO?

IDIV-B.TO is cheaper with a 0.55% expense ratio, compared with 0.75% for DXU.TO.

What is the main difference between DXU.TO and IDIV-B.TO?

They also come from different issuers: Dynamic and Manulife. Their fees differ too: 0.75% for DXU.TO and 0.55% for IDIV-B.TO.