QDX.TO vs. QDXH.TO
Compare and contrast key facts about Mackenzie International Equity Index ETF (QDX.TO) and Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO).
QDX.TO and QDXH.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDX.TO is a passively managed fund by Mackenzie that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index. It was launched on Jan 24, 2018. QDXH.TO is a passively managed fund by Mackenzie that tracks the performance of the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index. It was launched on Jan 29, 2018. Both QDX.TO and QDXH.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QDX.TO vs. QDXH.TO - Performance Comparison
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QDX.TO vs. QDXH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDX.TO Mackenzie International Equity Index ETF | 2.63% | 25.29% | 12.93% | 13.66% | -8.61% | 11.24% | 5.06% | 15.27% | -8.78% |
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | -1.14% | 22.00% | 13.25% | 14.25% | -2.55% | 20.52% | -0.42% | 20.43% | -11.10% |
Returns By Period
In the year-to-date period, QDX.TO achieves a 2.63% return, which is significantly higher than QDXH.TO's -1.14% return.
QDX.TO
- 1D
- 3.07%
- 1M
- -5.76%
- YTD
- 2.63%
- 6M
- 5.86%
- 1Y
- 19.56%
- 3Y*
- 15.55%
- 5Y*
- 10.13%
- 10Y*
- —
QDXH.TO
- 1D
- -0.37%
- 1M
- -8.62%
- YTD
- -1.14%
- 6M
- 6.01%
- 1Y
- 16.65%
- 3Y*
- 14.48%
- 5Y*
- 11.11%
- 10Y*
- —
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QDX.TO vs. QDXH.TO - Expense Ratio Comparison
Return for Risk
QDX.TO vs. QDXH.TO — Risk / Return Rank
QDX.TO
QDXH.TO
QDX.TO vs. QDXH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mackenzie International Equity Index ETF (QDX.TO) and Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.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.
| QDX.TO | QDXH.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 1.03 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.36 | +0.33 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.17 | +0.51 |
Martin ratioReturn relative to average drawdown | 6.49 | 4.97 | +1.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDX.TO | QDXH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.03 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.90 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.55 | -0.04 |
Correlation
The correlation between QDX.TO and QDXH.TO is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QDX.TO vs. QDXH.TO - Dividend Comparison
QDX.TO's dividend yield for the trailing twelve months is around 2.82%, which matches QDXH.TO's 2.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDX.TO Mackenzie International Equity Index ETF | 2.82% | 2.51% | 2.48% | 2.61% | 2.73% | 2.25% | 1.91% | 2.76% | 3.03% |
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 2.82% | 2.41% | 2.64% | 2.76% | 2.92% | 2.28% | 1.96% | 2.65% | 3.13% |
Drawdowns
QDX.TO vs. QDXH.TO - Drawdown Comparison
The maximum QDX.TO drawdown since its inception was -28.08%, smaller than the maximum QDXH.TO drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for QDX.TO and QDXH.TO.
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Drawdown Indicators
| QDX.TO | QDXH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.08% | -31.75% | +3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -10.40% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -23.00% | -15.79% | -7.21% |
Current DrawdownCurrent decline from peak | -6.59% | -9.04% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -3.91% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.87% | +0.06% |
Volatility
QDX.TO vs. QDXH.TO - Volatility Comparison
Mackenzie International Equity Index ETF (QDX.TO) has a higher volatility of 7.54% compared to Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) at 5.40%. This indicates that QDX.TO's price experiences larger fluctuations and is considered to be riskier than QDXH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QDX.TO | QDXH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 5.40% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 8.66% | +2.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 13.97% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.72% | 12.47% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 15.24% | +0.19% |