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

ESGY.TO vs. XHD.TO

Last updated Jul 17, 2026
Documentation

ESGY.TO (BMO MSCI USA Selection Equity Index ETF) and XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) are both Large Cap Blend Equities funds. Over the past 5 years, ESGY.TO returned 15.28%/yr vs 6.85%/yr for XHD.TO. At a 0.26 correlation, their price movements are largely independent.

Performance

ESGY.TO vs. XHD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BMO MSCI USA Selection Equity Index ETF (ESGY.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, ESGY.TO achieves a 11.92% return, which is significantly lower than XHD.TO's 16.68% return.

ESGY.TO

1D
-0.25%
1M
0.20%
6M
9.15%
YTD
11.92%
1Y
26.08%
3Y*
22.30%
5Y*
15.28%
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)

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

2026 (YTD)202520242023202220212020
ESGY.TO
BMO MSCI USA Selection Equity Index ETF		11.92%13.67%33.83%26.54%-15.46%30.67%11.27%
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		16.68%-1.36%9.56%0.00%4.27%17.97%-9.52%

Correlation

The correlation between ESGY.TO and XHD.TO is -0.01, 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

-0.01

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

0.14

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

0.27

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2020

0.26

The correlation between ESGY.TO and XHD.TO shifts across timeframes, from -0.01 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.

ESGY.TO vs. XHD.TO - Sectors Allocation Comparison

Sectors
ESGY.TO
XHD.TO

Technology

39.6%
0.2%

Communication Services

13.7%
5.2%

Financial Services

10.0%
4.8%

Healthcare

9.7%
23.7%

Consumer Cyclical

8.5%
9.2%

Industrials

7.7%
3.6%

Consumer Defensive

4.0%
24.5%

Real Estate

2.1%

-

Basic Materials

2.0%
0.8%

Energy

1.9%
19.6%

Utilities

1.0%
8.2%

Technology

ESGY.TO
39.6%
XHD.TO
0.2%

Communication Services

ESGY.TO
13.7%
XHD.TO
5.2%

Financial Services

ESGY.TO
10.0%
XHD.TO
4.8%

Healthcare

ESGY.TO
9.7%
XHD.TO
23.7%

Consumer Cyclical

ESGY.TO
8.5%
XHD.TO
9.2%

Industrials

ESGY.TO
7.7%
XHD.TO
3.6%

Consumer Defensive

ESGY.TO
4.0%
XHD.TO
24.5%

Real Estate

ESGY.TO
2.1%
XHD.TO

-

Basic Materials

ESGY.TO
2.0%
XHD.TO
0.8%

Energy

ESGY.TO
1.9%
XHD.TO
19.6%

Utilities

ESGY.TO
1.0%
XHD.TO
8.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BMO MSCI USA Selection Equity Index ETF

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

Often compared with ESGY.TO:
ESGY.TO vs. ZLH.TOESGY.TO vs. QUU.TOESGY.TO vs. FLUS.TOESGY.TO vs. ZAG.TOESGY.TO vs. ZEQL.TOESGY.TO vs. ZDV.TOESGY.TO vs. ZQQ.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESGY.TO
ESGY.TO Risk / Return Rank: 7373
Overall Rank
ESGY.TO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
ESGY.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
ESGY.TO Omega Ratio Rank: 7979
Omega Ratio Rank
ESGY.TO Calmar Ratio Rank: 6262
Calmar Ratio Rank
ESGY.TO Martin Ratio Rank: 6464
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.

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

This table presents a comparison of risk-adjusted performance metrics for BMO MSCI USA Selection Equity Index ETF (ESGY.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.

ESGY.TOXHD.TODifference
Sharpe ratioReturn per unit of total volatility
2.05
0.48

+1.57

Sortino ratioReturn per unit of downside risk
2.99
0.70

+2.29

Omega ratioGain probability vs. loss probability

1.37

1.12

+0.25

Calmar ratioReturn relative to maximum drawdown

2.47

0.70

+1.76

Martin ratioReturn relative to average drawdown

8.92

2.45

+6.47

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

The current ESGY.TO Sharpe Ratio is 2.05, which is higher than the XHD.TO Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of ESGY.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

ESGY.TO vs. XHD.TO - Drawdown Comparison

The maximum ESGY.TO drawdown since its inception was -26.36%, smaller than the maximum XHD.TO drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for ESGY.TO and XHD.TO.

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Drawdown Indicators

ESGY.TOXHD.TODifference

Max Drawdown

Largest peak-to-trough decline

-26.36%

-38.71%

+12.35%

Max Drawdown (1Y)

Largest decline over 1 year

-10.62%

-11.29%

+0.67%

Max Drawdown (3Y)

Largest decline over 3 years

-20.83%

-12.74%

-8.09%

Max Drawdown (5Y)

Largest decline over 5 years

-22.89%

-16.37%

-6.52%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.71%

—

Current Drawdown

Current decline from peak

-1.47%

0.00%

-1.47%

Average Drawdown

Average peak-to-trough decline

-5.25%

-3.94%

-1.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.93%

3.23%

-0.30%

Volatility

ESGY.TO vs. XHD.TO - Volatility Comparison

The current volatility for BMO MSCI USA Selection Equity Index ETF (ESGY.TO) is 2.85%, while iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) has a volatility of 5.00%. This indicates that ESGY.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

ESGY.TOXHD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.85%

5.00%

-2.15%

Volatility (6M)

Calculated over the trailing 6-month period

9.94%

8.62%

+1.32%

Volatility (1Y)

Calculated over the trailing 1-year period

12.80%

16.40%

-3.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.61%

14.70%

+0.91%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.82%

16.42%

+0.40%

Dividends

ESGY.TO vs. XHD.TO - Dividend Comparison

ESGY.TO's dividend yield for the trailing twelve months is around 0.62%, less than XHD.TO's 2.35% yield.

PositionTTM20252024202320222021202020192018201720162015
ESGY.TO
BMO MSCI USA Selection Equity Index ETF		0.62%0.66%0.79%1.16%1.34%1.12%1.44%0.00%0.00%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

ESGY.TO and XHD.TO have a correlation of -0.01, 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: BMO and iShares.

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