IDIV-B.TO vs. DXU.TO

Last updated Jun 5, 2026

IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) and DXU.TO (Dynamic Active U.S. Dividend ETF) are both Dividend funds. Both are actively managed. Over the past 3 years, IDIV-B.TO returned 20.85%/yr vs 28.47%/yr for DXU.TO. At a 0.25 correlation, their price movements are largely independent. IDIV-B.TO charges 0.55%/yr vs 0.75%/yr for DXU.TO.

Performance

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

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

Returns By Period

In the year-to-date period, IDIV-B.TO achieves a 11.80% return, which is significantly lower than DXU.TO's 27.69% return.

IDIV-B.TO

• 1D: 0.95%
• 1M: 3.16%
• YTD: 11.80%
• 6M: 7.83%
• 1Y: 27.35%
• 3Y*: 20.85%
• 5Y*: —
• 10Y*: —

DXU.TO

• 1D: 0.40%
• 1M: 14.43%
• YTD: 27.69%
• 6M: 24.94%
• 1Y: 43.94%
• 3Y*: 28.47%
• 5Y*: 14.84%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	11.80%	35.22%	12.85%	12.28%	7.59%
DXU.TO Dynamic Active U.S. Dividend ETF	27.69%	9.36%	38.05%	9.43%	-2.14%

Correlation

The correlation between IDIV-B.TO and DXU.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 IDIV-B.TO and DXU.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

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

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

IDIV-B.TO

IDIV-B.TO Risk / Return Rank: 56
IDIV-B.TO Sharpe Ratio Rank: 53
IDIV-B.TO Sortino Ratio Rank: 50
IDIV-B.TO Omega Ratio Rank: 55
IDIV-B.TO Calmar Ratio Rank: 56
IDIV-B.TO Martin Ratio Rank: 65

DXU.TO

DXU.TO Risk / Return Rank: 79
DXU.TO Sharpe Ratio Rank: 78
DXU.TO Sortino Ratio Rank: 73
DXU.TO Omega Ratio Rank: 77
DXU.TO Calmar Ratio Rank: 87
DXU.TO Martin Ratio Rank: 79

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.

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

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

	IDIV-B.TO	DXU.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.46	-0.69
Sortino ratio: Return per unit of downside risk	2.41	3.24	-0.83
Omega ratio: Gain probability vs. loss probability	1.34	1.45	-0.11
Calmar ratio: Return relative to maximum drawdown	2.74	4.89	-2.15
Martin ratio: Return relative to average drawdown	11.59	15.14	-3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IDIV-B.TO Sharpe Ratio is 1.77, which is comparable to the DXU.TO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of IDIV-B.TO and DXU.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

	IDIV-B.TO	DXU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.46	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	0.88	+0.73

Drawdowns

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

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

Drawdown Indicators

	IDIV-B.TO	DXU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-13.62%	-27.05%	+13.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	-9.15%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-13.62%	-23.80%	+10.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-24.83%	—
Current Drawdown Current decline from peak	-2.08%	0.00%	-2.08%
Average Drawdown Average peak-to-trough decline	-1.72%	-6.47%	+4.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.95%	-0.58%

Volatility

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

Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a higher volatility of 5.11% compared to Dynamic Active U.S. Dividend ETF (DXU.TO) at 4.83%. This indicates that IDIV-B.TO's price experiences larger fluctuations and is considered to be riskier than DXU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDIV-B.TO	DXU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	4.83%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	14.07%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	18.19%	-2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	18.16%	-4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.06%	19.34%	-5.28%

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

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

Dividends

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

IDIV-B.TO's dividend yield for the trailing twelve months is around 2.77%, while DXU.TO has not paid dividends to shareholders.

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	2.77%	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 IDIV-B.TO and DXU.TO in my portfolio?

IDIV-B.TO and DXU.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, IDIV-B.TO or DXU.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, IDIV-B.TO or DXU.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 IDIV-B.TO and DXU.TO?

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