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

DXU.TO vs. XHD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Dynamic Active U.S. Dividend ETF (DXU.TO) and iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO).

DXU.TO and XHD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DXU.TO is an actively managed fund by Dynamic. It was launched on Sep 27, 2024. XHD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Aug 14, 2012.

Performance

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

2026 (YTD)202520242023202220212020201920182017
DXU.TO
Dynamic Active U.S. Dividend ETF		1.07%9.36%38.05%9.43%-14.91%14.93%24.17%23.41%12.64%8.14%
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		11.42%3.92%9.50%-0.07%4.22%17.88%-9.51%17.96%-5.62%4.82%

Returns By Period

In the year-to-date period, DXU.TO achieves a 1.07% return, which is significantly lower than XHD.TO's 11.42% return.

DXU.TO

1D
2.02%
1M
-4.43%
YTD
1.07%
6M
1.81%
1Y
22.61%
3Y*
18.77%
5Y*
9.37%
10Y*
—

XHD.TO

1D
0.21%
1M
-2.63%
YTD
11.42%
6M
5.45%
1Y
7.00%
3Y*
8.67%
5Y*
7.47%
10Y*
6.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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Dynamic Active U.S. Dividend ETF

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

Often compared with DXU.TO:
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Often compared with XHD.TO:
XHD.TO vs. SCHDXHD.TO vs. XDIV.TOXHD.TO vs. XEQT.TOXHD.TO vs. VDY.TOXHD.TO vs. XDGH.TOXHD.TO vs. XDU.TOXHD.TO vs. HDIVX

DXU.TO vs. XHD.TO - Expense Ratio Comparison

DXU.TO has a 0.75% expense ratio, which is higher than XHD.TO's 0.33% expense ratio.

DXU.TO
Dynamic Active U.S. Dividend ETF
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)

Return for Risk

DXU.TO vs. XHD.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: 6161
Overall Rank
DXU.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
DXU.TO Sortino Ratio Rank: 5555
Sortino Ratio Rank
DXU.TO Omega Ratio Rank: 5555
Omega Ratio Rank
DXU.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
DXU.TO Martin Ratio Rank: 6363
Martin Ratio Rank
XHD.TO
XHD.TO Risk / Return Rank: 3030
Overall Rank
XHD.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
XHD.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
XHD.TO Omega Ratio Rank: 2929
Omega Ratio Rank
XHD.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
XHD.TO Martin Ratio Rank: 3131
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.

DXU.TO vs. XHD.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 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.

DXU.TOXHD.TODifference

Sharpe ratio

Return per unit of total volatility

1.06

0.50

+0.56

Sortino ratio

Return per unit of downside risk

1.48

0.73

+0.75

Omega ratio

Gain probability vs. loss probability

1.21

1.11

+0.10

Calmar ratio

Return relative to maximum drawdown

2.03

0.76

+1.27

Martin ratio

Return relative to average drawdown

6.49

2.63

+3.86

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. XHD.TO - Sharpe Ratio Comparison

The current DXU.TO Sharpe Ratio is 1.06, which is higher than the XHD.TO Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of DXU.TO and XHD.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.

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Sharpe Ratios by Period

DXU.TOXHD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.06

0.50

+0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

0.58

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.42

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.53

+0.20

Correlation

The correlation between DXU.TO and XHD.TO is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DXU.TO vs. XHD.TO - Dividend Comparison

DXU.TO has not paid dividends to shareholders, while XHD.TO's dividend yield for the trailing twelve months is around 2.37%.

TTM20252024202320222021202020192018201720162015
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%0.00%0.00%
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		2.37%2.61%2.99%3.09%2.69%2.81%3.44%2.46%2.81%2.36%2.48%3.00%

Drawdowns

DXU.TO vs. XHD.TO - Drawdown Comparison

The maximum DXU.TO drawdown since its inception was -27.05%, smaller than the maximum XHD.TO drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for DXU.TO and XHD.TO.

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Drawdown Indicators

DXU.TOXHD.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.05%

-38.71%

+11.66%

Max Drawdown (1Y)

Largest decline over 1 year

-11.41%

-10.47%

-0.94%

Max Drawdown (5Y)

Largest decline over 5 years

-24.83%

-16.38%

-8.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.71%

—

Current Drawdown

Current decline from peak

-6.36%

-2.87%

-3.49%

Average Drawdown

Average peak-to-trough decline

-6.58%

-3.94%

-2.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.57%

3.21%

+0.36%

Volatility

DXU.TO vs. XHD.TO - Volatility Comparison

Dynamic Active U.S. Dividend ETF (DXU.TO) has a higher volatility of 7.99% compared to iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) at 3.08%. This indicates that DXU.TO's price experiences larger fluctuations and is considered to be riskier 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

DXU.TOXHD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.99%

3.08%

+4.91%

Volatility (6M)

Calculated over the trailing 6-month period

13.87%

8.81%

+5.06%

Volatility (1Y)

Calculated over the trailing 1-year period

21.35%

14.03%

+7.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.96%

12.97%

+4.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.33%

15.50%

+3.83%