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IDIV-B.TO vs. MINT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDIV-B.TO vs. MINT.TO

Last updated Jul 16, 2026
Documentation

IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) and MINT.TO (Manulife Multifactor Developed International Index ETF) are both exchange-traded funds - IDIV-B.TO is a Dividend fund actively managed by Manulife, while MINT.TO is a International Equity fund actively managed by Manulife. Both are actively managed. Over the past 3 years, IDIV-B.TO returned 20.10%/yr vs 17.42%/yr for MINT.TO. At a 0.41 correlation, their price movements are largely independent.

Performance

IDIV-B.TO vs. MINT.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 Manulife Multifactor Developed International Index ETF (MINT.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, IDIV-B.TO achieves a 15.90% return, which is significantly higher than MINT.TO's 11.34% return.

IDIV-B.TO

1D
0.80%
1M
1.41%
6M
11.15%
YTD
15.90%
1Y
24.21%
3Y*
20.10%
5Y*
—
10Y*
—

MINT.TO

1D
-0.31%
1M
1.05%
6M
7.53%
YTD
11.34%
1Y
24.81%
3Y*
17.42%
5Y*
12.51%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022
IDIV-B.TO
Manulife Smart International Dividend ETF Unhedged Units		15.90%30.89%11.95%12.28%7.59%
MINT.TO
Manulife Multifactor Developed International Index ETF		11.34%23.42%10.91%18.04%2.83%

Correlation

The correlation between IDIV-B.TO and MINT.TO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.64

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

0.45

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2022

0.41

Over the past year, IDIV-B.TO and MINT.TO have become more correlated (0.64) than their long-term average of 0.41, meaning their price movements have been converging.

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Manulife Smart International Dividend ETF Unhedged Units

Manulife Multifactor Developed International Index ETF

Often compared with IDIV-B.TO:
IDIV-B.TO vs. FCID.TOIDIV-B.TO vs. FCCD.TOIDIV-B.TO vs. CDIV.TOIDIV-B.TO vs. XDU.TOIDIV-B.TO vs. CWIN.TOIDIV-B.TO vs. ZDIV.TOIDIV-B.TO vs. TBNK.TO

Return for Risk

IDIV-B.TO vs. MINT.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: 5757
Overall Rank
IDIV-B.TO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
IDIV-B.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
IDIV-B.TO Omega Ratio Rank: 5959
Omega Ratio Rank
IDIV-B.TO Calmar Ratio Rank: 5959
Calmar Ratio Rank
IDIV-B.TO Martin Ratio Rank: 6565
Martin Ratio Rank
MINT.TO
MINT.TO Risk / Return Rank: 7373
Overall Rank
MINT.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
MINT.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
MINT.TO Omega Ratio Rank: 7878
Omega Ratio Rank
MINT.TO Calmar Ratio Rank: 6767
Calmar Ratio Rank
MINT.TO Martin Ratio Rank: 7272
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.

IDIV-B.TO vs. MINT.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 Manulife Multifactor Developed International Index ETF (MINT.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.

IDIV-B.TOMINT.TODifference
Sharpe ratioReturn per unit of total volatility
1.49
1.86

-0.37

Sortino ratioReturn per unit of downside risk
1.98
2.74

-0.76

Omega ratioGain probability vs. loss probability

1.29

1.37

-0.07

Calmar ratioReturn relative to maximum drawdown

2.42

2.74

-0.31

Martin ratioReturn relative to average drawdown

9.37

10.51

-1.14

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

The current IDIV-B.TO Sharpe Ratio is 1.49, which is comparable to the MINT.TO Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of IDIV-B.TO and MINT.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

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

The maximum IDIV-B.TO drawdown since its inception was -13.62%, smaller than the maximum MINT.TO drawdown of -32.97%. Use the drawdown chart below to compare losses from any high point for IDIV-B.TO and MINT.TO.

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Drawdown Indicators

IDIV-B.TOMINT.TODifference

Max Drawdown

Largest peak-to-trough decline

-13.62%

-32.97%

+19.35%

Max Drawdown (1Y)

Largest decline over 1 year

-10.03%

-9.11%

-0.92%

Max Drawdown (3Y)

Largest decline over 3 years

-13.62%

-13.76%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.04%

—

Current Drawdown

Current decline from peak

-0.82%

-1.34%

+0.52%

Average Drawdown

Average peak-to-trough decline

-1.77%

-4.17%

+2.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.37%

+0.22%

Volatility

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

The current volatility for Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) is 3.32%, while Manulife Multifactor Developed International Index ETF (MINT.TO) has a volatility of 3.95%. This indicates that IDIV-B.TO experiences smaller price fluctuations and is considered to be less risky than MINT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IDIV-B.TOMINT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

3.95%

-0.63%

Volatility (6M)

Calculated over the trailing 6-month period

13.16%

11.53%

+1.63%

Volatility (1Y)

Calculated over the trailing 1-year period

16.38%

13.39%

+2.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.33%

14.66%

-0.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

16.63%

-2.30%

Dividends

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

IDIV-B.TO's dividend yield for the trailing twelve months is around 2.92%, more than MINT.TO's 2.86% yield.

PositionTTM202520242023202220212020201920182017
IDIV-B.TO
Manulife Smart International Dividend ETF Unhedged Units		2.92%3.12%3.52%1.73%0.20%0.00%0.00%0.00%0.00%0.00%
MINT.TO
Manulife Multifactor Developed International Index ETF		2.86%5.86%2.14%2.81%2.84%2.55%1.60%2.70%2.76%1.36%

Frequently Asked Questions

IDIV-B.TO and MINT.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IDIV-B.TO is categorized as Dividend, while MINT.TO is International Equity.

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