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RIDH.TO vs. ESGE.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RIDH.TO vs. ESGE.TO

Last updated Jul 15, 2026
Documentation

RIDH.TO (RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF) and ESGE.TO (BMO MSCI EAFE Selection Equity Index ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, RIDH.TO returned 14.84%/yr vs 9.74%/yr for ESGE.TO. At a 0.49 correlation, their price movements are largely independent.

Performance

RIDH.TO vs. ESGE.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RIDH.TO) and BMO MSCI EAFE Selection Equity Index ETF (ESGE.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, RIDH.TO achieves a 15.49% return, which is significantly higher than ESGE.TO's 12.99% return.

RIDH.TO

1D
1.12%
1M
1.63%
6M
11.67%
YTD
15.49%
1Y
35.16%
3Y*
22.92%
5Y*
14.84%
10Y*
11.04%

ESGE.TO

1D
0.09%
1M
1.16%
6M
8.63%
YTD
12.99%
1Y
23.04%
3Y*
15.59%
5Y*
9.74%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RIDH.TO vs. ESGE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
RIDH.TO
RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF		15.49%32.49%12.69%17.54%-3.96%19.17%-6.94%
ESGE.TO
BMO MSCI EAFE Selection Equity Index ETF		12.99%19.50%10.61%15.06%-11.25%11.14%4.41%

Correlation

The correlation between RIDH.TO and ESGE.TO is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.67

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

0.56

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

0.48

Correlation (All Time)
Calculated using the full available price history since Jan 21, 2020

0.49

The correlation between RIDH.TO and ESGE.TO shifts across timeframes, from 0.48 (5 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.

RIDH.TO vs. ESGE.TO - Sectors Allocation Comparison

Sectors
RIDH.TO
ESGE.TO

Financial Services

19.6%
23.0%

Industrials

19.1%
18.1%

Technology

9.8%
14.3%

Healthcare

9.5%
10.0%

Utilities

8.0%
4.3%

Consumer Cyclical

7.7%
6.8%

Consumer Defensive

7.3%
6.2%

Communication Services

7.1%
6.2%

Basic Materials

6.9%
6.1%

Energy

4.4%
3.1%

Real Estate

0.6%
1.9%

Financial Services

RIDH.TO
19.6%
ESGE.TO
23.0%

Industrials

RIDH.TO
19.1%
ESGE.TO
18.1%

Technology

RIDH.TO
9.8%
ESGE.TO
14.3%

Healthcare

RIDH.TO
9.5%
ESGE.TO
10.0%

Utilities

RIDH.TO
8.0%
ESGE.TO
4.3%

Consumer Cyclical

RIDH.TO
7.7%
ESGE.TO
6.8%

Consumer Defensive

RIDH.TO
7.3%
ESGE.TO
6.2%

Communication Services

RIDH.TO
7.1%
ESGE.TO
6.2%

Basic Materials

RIDH.TO
6.9%
ESGE.TO
6.1%

Energy

RIDH.TO
4.4%
ESGE.TO
3.1%

Real Estate

RIDH.TO
0.6%
ESGE.TO
1.9%

Compare stocks, funds, or ETFs

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

RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF

BMO MSCI EAFE Selection Equity Index ETF

Often compared with RIDH.TO:
RIDH.TO vs. TILV.TORIDH.TO vs. RPF.TORIDH.TO vs. QDX.TORIDH.TO vs. RCDC.TORIDH.TO vs. FCRI.TORIDH.TO vs. FCIL.NEORIDH.TO vs. RUD.TO
Often compared with ESGE.TO:
ESGE.TO vs. ZLD.TOESGE.TO vs. ZXM.TOESGE.TO vs. XSEA.TOESGE.TO vs. FLUR.NEOESGE.TO vs. ZCN.TOESGE.TO vs. ZDV.TOESGE.TO vs. ZNQ.TO

Return for Risk

RIDH.TO vs. ESGE.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RIDH.TO
RIDH.TO Risk / Return Rank: 9393
Overall Rank
RIDH.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
RIDH.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
RIDH.TO Omega Ratio Rank: 9494
Omega Ratio Rank
RIDH.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
RIDH.TO Martin Ratio Rank: 9292
Martin Ratio Rank
ESGE.TO
ESGE.TO Risk / Return Rank: 5757
Overall Rank
ESGE.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
ESGE.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
ESGE.TO Omega Ratio Rank: 5757
Omega Ratio Rank
ESGE.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
ESGE.TO Martin Ratio Rank: 5757
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.

RIDH.TO vs. ESGE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RIDH.TO) and BMO MSCI EAFE Selection Equity Index ETF (ESGE.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.

RIDH.TOESGE.TODifference
Sharpe ratioReturn per unit of total volatility
2.94
1.58

+1.36

Sortino ratioReturn per unit of downside risk
4.00
2.26

+1.74

Omega ratioGain probability vs. loss probability

1.55

1.28

+0.27

Calmar ratioReturn relative to maximum drawdown

4.08

2.07

+2.00

Martin ratioReturn relative to average drawdown

18.23

7.95

+10.27

RIDH.TO vs. ESGE.TO - Sharpe Ratio Comparison

The current RIDH.TO Sharpe Ratio is 2.94, which is higher than the ESGE.TO Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of RIDH.TO and ESGE.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

RIDH.TO vs. ESGE.TO - Drawdown Comparison

The maximum RIDH.TO drawdown since its inception was -34.53%, which is greater than ESGE.TO's maximum drawdown of -27.77%. Use the drawdown chart below to compare losses from any high point for RIDH.TO and ESGE.TO.

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Drawdown Indicators

RIDH.TOESGE.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.53%

-27.77%

-6.76%

Max Drawdown (1Y)

Largest decline over 1 year

-8.67%

-11.17%

+2.50%

Max Drawdown (3Y)

Largest decline over 3 years

-14.33%

-14.68%

+0.35%

Max Drawdown (5Y)

Largest decline over 5 years

-15.01%

-25.79%

+10.78%

Max Drawdown (10Y)

Largest decline over 10 years

-34.53%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.39%

+2.39%

Average Drawdown

Average peak-to-trough decline

-4.40%

-5.28%

+0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

2.91%

-0.98%

Volatility

RIDH.TO vs. ESGE.TO - Volatility Comparison

The current volatility for RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF (RIDH.TO) is 3.14%, while BMO MSCI EAFE Selection Equity Index ETF (ESGE.TO) has a volatility of 3.75%. This indicates that RIDH.TO experiences smaller price fluctuations and is considered to be less risky than ESGE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RIDH.TOESGE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.14%

3.75%

-0.61%

Volatility (6M)

Calculated over the trailing 6-month period

9.93%

12.58%

-2.65%

Volatility (1Y)

Calculated over the trailing 1-year period

12.02%

14.63%

-2.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.76%

13.85%

-0.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.76%

16.28%

-0.52%

Dividends

RIDH.TO vs. ESGE.TO - Dividend Comparison

RIDH.TO's dividend yield for the trailing twelve months is around 3.02%, more than ESGE.TO's 1.77% yield.

PositionTTM20252024202320222021202020192018201720162015
ESGE.TO
BMO MSCI EAFE Selection Equity Index ETF		1.77%2.10%2.60%2.89%2.95%2.54%2.75%0.00%0.00%0.00%0.00%0.00%
RIDH.TO
RBC Quant EAFE Dividend Leaders (CAD Hedged) ETF		3.02%3.10%3.69%3.70%4.41%2.63%3.63%4.07%4.55%2.91%3.33%3.28%

Frequently Asked Questions

RIDH.TO and ESGE.TO have a correlation of 0.67, 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: RBC and BMO.

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