QDXH.TO vs. WSRD.TO
QDXH.TO (Mackenzie International Equity Index ETF (CAD-Hedged)) and WSRD.TO (Wealthsimple Developed Markets ex North America Socially Responsible Index ETF) are both International Equity funds. QDXH.TO is passively managed, while WSRD.TO is actively managed. Over the past 5 years, QDXH.TO returned 12.05%/yr vs 3.97%/yr for WSRD.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
QDXH.TO vs. WSRD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, QDXH.TO achieves a 11.22% return, which is significantly higher than WSRD.TO's 2.80% return.
QDXH.TO
- 1D
- -0.68%
- 1M
- 0.47%
- 6M
- 6.82%
- YTD
- 11.22%
- 1Y
- 24.48%
- 3Y*
- 17.12%
- 5Y*
- 12.05%
- 10Y*
- —
WSRD.TO
- 1D
- -0.03%
- 1M
- 1.57%
- 6M
- -0.28%
- YTD
- 2.80%
- 1Y
- 8.71%
- 3Y*
- 11.49%
- 5Y*
- 3.97%
- 10Y*
- —
QDXH.TO vs. WSRD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 11.22% | 21.99% | 13.25% | 14.25% | -2.55% | 20.52% | 10.76% |
WSRD.TO Wealthsimple Developed Markets ex North America Socially Responsible Index ETF | 2.80% | 18.84% | 9.39% | 14.01% | -20.37% | 8.79% | 18.09% |
Correlation
The correlation between QDXH.TO and WSRD.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2020 | 0.22 |
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Return for Risk
QDXH.TO vs. WSRD.TO — Risk / Return Rank
QDXH.TO
WSRD.TO
QDXH.TO vs. WSRD.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 Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.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 | WSRD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.12 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 0.76 | +1.73 |
| Martin ratioReturn relative to average drawdown | 10.44 | 2.27 | +8.18 |
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Drawdowns
QDXH.TO vs. WSRD.TO - Drawdown Comparison
The maximum QDXH.TO drawdown since its inception was -31.75%, smaller than the maximum WSRD.TO drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for QDXH.TO and WSRD.TO.
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Drawdown Indicators
| QDXH.TO | WSRD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.75% | -34.80% | +3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -11.43% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.49% | -12.76% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.79% | -34.80% | +19.01% |
Current DrawdownCurrent decline from peak | -1.66% | -2.20% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -9.46% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 3.85% | -1.50% |
Volatility
QDXH.TO vs. WSRD.TO - Volatility Comparison
The current volatility for Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) is 2.04%, while Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) has a volatility of 3.93%. This indicates that QDXH.TO experiences smaller price fluctuations and is considered to be less risky than WSRD.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 | WSRD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.93% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 12.18% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 14.28% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 14.79% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 14.31% | +1.12% |
Dividends
QDXH.TO vs. WSRD.TO - Dividend Comparison
QDXH.TO's dividend yield for the trailing twelve months is around 2.31%, less than WSRD.TO's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QDXH.TO Mackenzie International Equity Index ETF (CAD-Hedged) | 2.31% | 2.41% | 2.64% | 2.76% | 2.92% | 2.28% | 1.96% | 2.65% | 3.13% |
WSRD.TO Wealthsimple Developed Markets ex North America Socially Responsible Index ETF | 2.49% | 2.28% | 2.58% | 2.31% | 2.18% | 1.20% | 0.41% | 0.00% | 0.00% |
Frequently Asked Questions
QDXH.TO and WSRD.TO have a correlation of 0.22, 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 Wealthsimple.
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