QDXH.TO vs. MINT.TO
QDXH.TO (Mackenzie International Equity Index ETF (CAD-Hedged)) and MINT.TO (Manulife Multifactor Developed International Index ETF) are both International Equity funds. QDXH.TO is passively managed, while MINT.TO is actively managed. Over the past 5 years, QDXH.TO returned 12.25%/yr vs 12.51%/yr for MINT.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
QDXH.TO vs. MINT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QDXH.TO achieves a 12.19% return, which is significantly higher than MINT.TO's 11.34% return.
QDXH.TO
- 1D
- -0.27%
- 1M
- 5.09%
- 6M
- 8.51%
- YTD
- 12.19%
- 1Y
- 25.56%
- 3Y*
- 17.95%
- 5Y*
- 12.25%
- 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*
- —
QDXH.TO vs. MINT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 12.19% | 21.99% | 13.25% | 14.25% | -2.55% | 20.52% | -0.42% | 20.43% | -12.12% |
MINT.TO Manulife Multifactor Developed International Index ETF | 11.34% | 23.42% | 10.91% | 18.04% | -3.59% | 17.69% | 0.55% | 21.99% | -12.98% |
Correlation
The correlation between QDXH.TO and MINT.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2018 | 0.19 |
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Return for Risk
QDXH.TO vs. MINT.TO — Risk / Return Rank
QDXH.TO
MINT.TO
QDXH.TO vs. MINT.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 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.
| QDXH.TO | MINT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.37 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.74 | -0.13 |
| Martin ratioReturn relative to average drawdown | 10.92 | 10.51 | +0.41 |
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Drawdowns
QDXH.TO vs. MINT.TO - Drawdown Comparison
The maximum QDXH.TO drawdown since its inception was -31.75%, roughly equal to the maximum MINT.TO drawdown of -32.97%. Use the drawdown chart below to compare losses from any high point for QDXH.TO and MINT.TO.
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Drawdown Indicators
| QDXH.TO | MINT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.75% | -32.97% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -9.11% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.49% | -13.76% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | -18.04% | +2.25% |
Current DrawdownCurrent decline from peak | -0.80% | -1.34% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -4.17% | +0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.37% | -0.02% |
Volatility
QDXH.TO vs. MINT.TO - Volatility Comparison
Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) has a higher volatility of 4.54% compared to Manulife Multifactor Developed International Index ETF (MINT.TO) at 3.95%. This indicates that QDXH.TO's price experiences larger fluctuations and is considered to be riskier 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
| QDXH.TO | MINT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 3.95% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 11.53% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 13.39% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 14.66% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 16.63% | -1.20% |
Dividends
QDXH.TO vs. MINT.TO - Dividend Comparison
QDXH.TO's dividend yield for the trailing twelve months is around 2.29%, less than MINT.TO's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 2.29% | 2.41% | 2.64% | 2.76% | 2.92% | 2.28% | 1.96% | 2.65% | 3.13% | 0.00% |
Frequently Asked Questions
QDXH.TO and MINT.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Mackenzie and Manulife.
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