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QDXH.TO vs. MFT.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QDXH.TO vs. MFT.TO

Last updated Jul 17, 2026
Documentation

QDXH.TO (Mackenzie International Equity Index ETF (CAD-Hedged)) and MFT.TO (Mackenzie Floating Rate Income ETF) are both exchange-traded funds - QDXH.TO is a International Equity fund tracking the Solactive GBS Developed Markets ex North America Large & Mid Cap Hedged to CAD Index, while MFT.TO is a Corporate Bonds fund actively managed by Mackenzie. QDXH.TO is passively managed, while MFT.TO is actively managed. Over the past 5 years, QDXH.TO returned 12.21%/yr vs 3.75%/yr for MFT.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

QDXH.TO vs. MFT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) and Mackenzie Floating Rate Income ETF (MFT.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, QDXH.TO achieves a 11.98% return, which is significantly higher than MFT.TO's 2.72% return.

QDXH.TO

1D
0.03%
1M
0.63%
6M
8.30%
YTD
11.98%
1Y
25.33%
3Y*
17.88%
5Y*
12.21%
10Y*
—

MFT.TO

1D
0.19%
1M
0.67%
6M
2.46%
YTD
2.72%
1Y
2.87%
3Y*
5.42%
5Y*
3.75%
10Y*
4.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QDXH.TO vs. MFT.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedged)		11.98%21.99%13.25%14.25%-2.55%20.52%-0.42%20.43%-12.12%
MFT.TO
Mackenzie Floating Rate Income ETF		2.72%0.81%8.84%11.99%-6.31%5.56%-0.64%6.00%1.49%

Correlation

The correlation between QDXH.TO and MFT.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.12

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

0.06

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Jan 29, 2018

0.04

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Mackenzie International Equity Index ETF (CAD-Hedged)

Mackenzie Floating Rate Income ETF

Often compared with QDXH.TO:
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Often compared with MFT.TO:
MFT.TO vs. DXO.TOMFT.TO vs. CFRN.TOMFT.TO vs. FCSB.NEOMFT.TO vs. RBO.TOMFT.TO vs. RQO.TOMFT.TO vs. RQP.TOMFT.TO vs. XIGS.TO

Return for Risk

QDXH.TO vs. MFT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QDXH.TO
QDXH.TO Risk / Return Rank: 8282
Overall Rank
QDXH.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
QDXH.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
QDXH.TO Omega Ratio Rank: 9696
Omega Ratio Rank
QDXH.TO Calmar Ratio Rank: 6565
Calmar Ratio Rank
QDXH.TO Martin Ratio Rank: 7474
Martin Ratio Rank
MFT.TO
MFT.TO Risk / Return Rank: 4141
Overall Rank
MFT.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MFT.TO Sortino Ratio Rank: 3838
Sortino Ratio Rank
MFT.TO Omega Ratio Rank: 3535
Omega Ratio Rank
MFT.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
MFT.TO Martin Ratio Rank: 4040
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.

QDXH.TO vs. MFT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) and Mackenzie Floating Rate Income ETF (MFT.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.

QDXH.TOMFT.TODifference
Sharpe ratioReturn per unit of total volatility
2.12
1.12

+1.00

Sortino ratioReturn per unit of downside risk
3.61
1.65

+1.95

Omega ratioGain probability vs. loss probability

1.65

1.20

+0.45

Calmar ratioReturn relative to maximum drawdown

2.58

2.17

+0.41

Martin ratioReturn relative to average drawdown

10.82

5.19

+5.62

QDXH.TO vs. MFT.TO - Sharpe Ratio Comparison

The current QDXH.TO Sharpe Ratio is 2.12, which is higher than the MFT.TO Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of QDXH.TO and MFT.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

QDXH.TO vs. MFT.TO - Drawdown Comparison

The maximum QDXH.TO drawdown since its inception was -31.75%, which is greater than MFT.TO's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for QDXH.TO and MFT.TO.

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Drawdown Indicators

QDXH.TOMFT.TODifference

Max Drawdown

Largest peak-to-trough decline

-31.75%

-20.87%

-10.88%

Max Drawdown (1Y)

Largest decline over 1 year

-9.85%

-1.33%

-8.52%

Max Drawdown (3Y)

Largest decline over 3 years

-13.49%

-3.40%

-10.09%

Max Drawdown (5Y)

Largest decline over 5 years

-15.79%

-7.45%

-8.34%

Max Drawdown (10Y)

Largest decline over 10 years

—

-20.87%

—

Current Drawdown

Current decline from peak

-0.99%

0.00%

-0.99%

Average Drawdown

Average peak-to-trough decline

-3.83%

-1.38%

-2.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.35%

0.55%

+1.80%

Volatility

QDXH.TO vs. MFT.TO - Volatility Comparison

Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) has a higher volatility of 1.99% compared to Mackenzie Floating Rate Income ETF (MFT.TO) at 0.79%. This indicates that QDXH.TO's price experiences larger fluctuations and is considered to be riskier than MFT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QDXH.TOMFT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.99%

0.79%

+1.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.28%

1.80%

+8.48%

Volatility (1Y)

Calculated over the trailing 1-year period

12.00%

2.58%

+9.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.72%

3.71%

+9.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.43%

5.10%

+10.33%

Dividends

QDXH.TO vs. MFT.TO - Dividend Comparison

QDXH.TO's dividend yield for the trailing twelve months is around 2.30%, less than MFT.TO's 8.28% yield.

PositionTTM2025202420232022202120202019201820172016
MFT.TO
Mackenzie Floating Rate Income ETF		8.28%8.57%9.44%10.40%6.26%3.89%6.18%6.97%6.14%4.84%3.94%
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedged)		2.30%2.41%2.64%2.76%2.92%2.28%1.96%2.65%3.13%0.00%0.00%

Frequently Asked Questions

QDXH.TO and MFT.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QDXH.TO is categorized as International Equity, while MFT.TO is Corporate Bonds.

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