IDIV-B.TO vs. VIDY.TO

Last updated Jun 5, 2026

IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) and VIDY.TO (Vanguard FTSE Developed ex North America High Dividend Yield Index ETF) are both exchange-traded funds - IDIV-B.TO is a Dividend fund actively managed by Manulife, while VIDY.TO is a Foreign Large Cap Equities fund tracking the FTSE Developed ex North America High Dividend Yield Index. IDIV-B.TO is actively managed, while VIDY.TO is passively managed. Over the past 3 years, IDIV-B.TO returned 20.85%/yr vs 23.03%/yr for VIDY.TO. A 0.60 correlation means they provide meaningful diversification when combined. IDIV-B.TO charges 0.55%/yr vs 0.31%/yr for VIDY.TO.

Performance

IDIV-B.TO vs. VIDY.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 Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IDIV-B.TO having a 11.80% return and VIDY.TO slightly lower at 11.55%.

IDIV-B.TO

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

VIDY.TO

• 1D: 0.99%
• 1M: 3.30%
• YTD: 11.55%
• 6M: 12.63%
• 1Y: 29.02%
• 3Y*: 23.03%
• 5Y*: 15.35%
• 10Y*: —

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

IDIV-B.TO vs. VIDY.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%
VIDY.TO Vanguard FTSE Developed ex North America High Dividend Yield Index ETF	11.55%	34.37%	13.41%	15.46%	6.27%

Correlation

The correlation between IDIV-B.TO and VIDY.TO is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022	0.60

Over the past year, IDIV-B.TO and VIDY.TO have become more correlated (0.89) than their long-term average of 0.60, meaning their price movements have been converging.

Return for Risk

IDIV-B.TO vs. VIDY.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

VIDY.TO

VIDY.TO Risk / Return Rank: 64
VIDY.TO Sharpe Ratio Rank: 68
VIDY.TO Sortino Ratio Rank: 68
VIDY.TO Omega Ratio Rank: 68
VIDY.TO Calmar Ratio Rank: 57
VIDY.TO Martin Ratio Rank: 61

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. VIDY.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 Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.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	VIDY.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.21	-0.43
Sortino ratio: Return per unit of downside risk	2.41	3.06	-0.65
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.06
Calmar ratio: Return relative to maximum drawdown	2.74	2.78	-0.04
Martin ratio: Return relative to average drawdown	11.59	10.76	+0.83
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. VIDY.TO - Sharpe Ratio Comparison

The current IDIV-B.TO Sharpe Ratio is 1.77, which is comparable to the VIDY.TO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of IDIV-B.TO and VIDY.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	VIDY.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.21	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	0.73	+0.88

Drawdowns

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

The maximum IDIV-B.TO drawdown since its inception was -13.62%, smaller than the maximum VIDY.TO drawdown of -31.99%. Use the drawdown chart below to compare losses from any high point for IDIV-B.TO and VIDY.TO.

Drawdown Indicators

	IDIV-B.TO	VIDY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-13.62%	-31.99%	+18.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.03%	-10.48%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-13.62%	-13.89%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.02%	—
Current Drawdown Current decline from peak	-2.08%	-1.31%	-0.77%
Average Drawdown Average peak-to-trough decline	-1.72%	-4.25%	+2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.70%	-0.33%

Volatility

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

Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a higher volatility of 5.11% compared to Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.TO) at 4.19%. This indicates that IDIV-B.TO's price experiences larger fluctuations and is considered to be riskier than VIDY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDIV-B.TO	VIDY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	4.19%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	13.27%	10.63%	+2.64%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	13.21%	+2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	13.41%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.06%	16.44%	-2.38%

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

IDIV-B.TO has a 0.55% expense ratio, which is higher than VIDY.TO's 0.31% expense ratio.

Dividends

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

IDIV-B.TO's dividend yield for the trailing twelve months is around 2.77%, more than VIDY.TO's 2.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
VIDY.TO Vanguard FTSE Developed ex North America High Dividend Yield Index ETF	2.45%	2.80%	3.59%	3.89%	4.37%	3.28%	3.34%	3.36%	0.93%

Frequently Asked Questions

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

IDIV-B.TO and VIDY.TO have a correlation of 0.89, 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 VIDY.TO?

On fees, VIDY.TO is cheaper at 0.31% 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 VIDY.TO?

VIDY.TO is cheaper with a 0.31% expense ratio, compared with 0.55% for IDIV-B.TO.

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

IDIV-B.TO is categorized as Dividend, while VIDY.TO is Foreign Large Cap Equities. They also come from different issuers: Manulife and Vanguard. Their fees differ too: 0.55% for IDIV-B.TO and 0.31% for VIDY.TO.