PXS.TO vs. XDUH.TO
PXS.TO (Invesco RAFI U.S. Index ETF II CAD) and XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) are both Large Cap Value Equities funds - PXS.TO tracks the RAFI Fundamental Select US 1000 Index while XDUH.TO tracks the Morningstar US Market TR CAD. Both are passively managed. Over the past 5 years, PXS.TO returned 15.63%/yr vs 7.26%/yr for XDUH.TO. At a 0.40 correlation, their price movements are largely independent. PXS.TO charges 0.46%/yr vs 0.16%/yr for XDUH.TO.
Performance
PXS.TO vs. XDUH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PXS.TO achieves a 17.13% return, which is significantly higher than XDUH.TO's 10.54% return.
PXS.TO
- 1D
- 0.02%
- 1M
- 5.04%
- YTD
- 17.13%
- 6M
- 18.30%
- 1Y
- 36.32%
- 3Y*
- 22.47%
- 5Y*
- 15.63%
- 10Y*
- 14.57%
XDUH.TO
- 1D
- -0.22%
- 1M
- 3.39%
- YTD
- 10.54%
- 6M
- 8.51%
- 1Y
- 15.43%
- 3Y*
- 11.05%
- 5Y*
- 7.26%
- 10Y*
- —
PXS.TO vs. XDUH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PXS.TO Invesco RAFI U.S. Index ETF II CAD | 17.13% | 13.64% | 26.23% | 12.41% | -2.47% | 32.84% | 4.71% | 21.47% | -1.23% | 5.04% |
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) | 10.54% | 8.08% | 9.51% | 5.63% | -6.27% | 22.61% | -2.02% | 21.45% | -5.70% | 8.34% |
Correlation
The correlation between PXS.TO and XDUH.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017 | 0.40 |
The correlation between PXS.TO and XDUH.TO shifts across timeframes, from 0.23 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PXS.TO vs. XDUH.TO — Risk / Return Rank
PXS.TO
XDUH.TO
PXS.TO vs. XDUH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI U.S. Index ETF II CAD (PXS.TO) and iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.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.
| PXS.TO | XDUH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.03 | ||
| Sortino ratioReturn per unit of downside risk | +2.96 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.25 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 7.58 | 2.55 | +5.03 |
| Martin ratioReturn relative to average drawdown | 27.00 | 6.82 | +20.17 |
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Drawdowns
PXS.TO vs. XDUH.TO - Drawdown Comparison
The maximum PXS.TO drawdown since its inception was -31.87%, smaller than the maximum XDUH.TO drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for PXS.TO and XDUH.TO.
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Drawdown Indicators
| PXS.TO | XDUH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.87% | -34.91% | +3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.88% | -6.08% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -14.35% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -17.33% | +0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -31.87% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.25% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -4.43% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 2.27% | -0.90% |
Volatility
PXS.TO vs. XDUH.TO - Volatility Comparison
Invesco RAFI U.S. Index ETF II CAD (PXS.TO) has a higher volatility of 3.93% compared to iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) at 3.18%. This indicates that PXS.TO's price experiences larger fluctuations and is considered to be riskier than XDUH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PXS.TO | XDUH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 3.18% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.40% | 8.30% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 11.64% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.28% | 13.57% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 16.46% | -1.18% |
PXS.TO vs. XDUH.TO - Expense Ratio Comparison
PXS.TO has a 0.46% expense ratio, which is higher than XDUH.TO's 0.16% expense ratio.
Dividends
PXS.TO vs. XDUH.TO - Dividend Comparison
PXS.TO's dividend yield for the trailing twelve months is around 1.23%, less than XDUH.TO's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PXS.TO Invesco RAFI U.S. Index ETF II CAD | 1.23% | 1.49% | 1.53% | 1.53% | 1.80% | 1.51% | 2.51% | 1.91% | 1.84% | 1.50% | 1.62% | 1.40% |
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) | 2.25% | 2.46% | 2.67% | 2.55% | 2.40% | 2.62% | 2.67% | 2.36% | 2.75% | 0.76% | 0.00% | 0.00% |
Frequently Asked Questions
PXS.TO and XDUH.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDUH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDUH.TO is cheaper with a 0.16% expense ratio, compared with 0.46% for PXS.TO.
PXS.TO tracks RAFI Fundamental Select US 1000 Index, while XDUH.TO tracks Morningstar US Market TR CAD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.46% for PXS.TO and 0.16% for XDUH.TO.
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