RUD.TO vs. IDIV-B.TO

Last updated Jun 4, 2026

RUD.TO (RBC Quant U.S. Dividend Leaders ETF (CAD)) and IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) are both exchange-traded funds - RUD.TO is a Large Cap Blend Equities fund actively managed by RBC, while IDIV-B.TO is a Dividend fund actively managed by Manulife. Both are actively managed. Over the past 3 years, RUD.TO returned 17.06%/yr vs 21.08%/yr for IDIV-B.TO. At a 0.35 correlation, their price movements are largely independent. RUD.TO charges 0.43%/yr vs 0.55%/yr for IDIV-B.TO.

Performance

RUD.TO vs. IDIV-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RUD.TO achieves a 8.99% return, which is significantly lower than IDIV-B.TO's 10.75% return.

RUD.TO

• 1D: -0.32%
• 1M: 5.71%
• YTD: 8.99%
• 6M: 6.16%
• 1Y: 22.08%
• 3Y*: 17.06%
• 5Y*: 13.78%
• 10Y*: 13.02%

IDIV-B.TO

• 1D: 0.00%
• 1M: 3.35%
• YTD: 10.75%
• 6M: 8.02%
• 1Y: 25.99%
• 3Y*: 21.08%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RUD.TO vs. IDIV-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD)	8.99%	7.31%	22.78%	19.01%	-1.58%
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	10.75%	35.22%	12.85%	12.28%	7.59%

Correlation

The correlation between RUD.TO and IDIV-B.TO is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022	0.35

Over the past year, RUD.TO and IDIV-B.TO have become more correlated (0.59) than their long-term average of 0.35, meaning their price movements have been converging.

Return for Risk

RUD.TO vs. IDIV-B.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RUD.TO

RUD.TO Risk / Return Rank: 58
RUD.TO Sharpe Ratio Rank: 53
RUD.TO Sortino Ratio Rank: 51
RUD.TO Omega Ratio Rank: 54
RUD.TO Calmar Ratio Rank: 67
RUD.TO Martin Ratio Rank: 65

IDIV-B.TO

IDIV-B.TO Risk / Return Rank: 53
IDIV-B.TO Sharpe Ratio Rank: 50
IDIV-B.TO Sortino Ratio Rank: 47
IDIV-B.TO Omega Ratio Rank: 52
IDIV-B.TO Calmar Ratio Rank: 53
IDIV-B.TO Martin Ratio Rank: 62

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.

RUD.TO vs. IDIV-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.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.

	RUD.TO	IDIV-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.69	+0.12
Sortino ratio: Return per unit of downside risk	2.47	2.31	+0.16
Omega ratio: Gain probability vs. loss probability	1.34	1.32	+0.02
Calmar ratio: Return relative to maximum drawdown	3.34	2.60	+0.73
Martin ratio: Return relative to average drawdown	11.90	11.03	+0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RUD.TO vs. IDIV-B.TO - Sharpe Ratio Comparison

The current RUD.TO Sharpe Ratio is 1.81, which is comparable to the IDIV-B.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of RUD.TO and IDIV-B.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.

Sharpe Ratios by Period

	RUD.TO	IDIV-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	1.69	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.59	-0.78

Drawdowns

RUD.TO vs. IDIV-B.TO - Drawdown Comparison

The maximum RUD.TO drawdown since its inception was -29.89%, which is greater than IDIV-B.TO's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for RUD.TO and IDIV-B.TO.

Drawdown Indicators

	RUD.TO	IDIV-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.89%	-13.62%	-16.27%
Max Drawdown (1Y) Largest decline over 1 year	-6.65%	-10.03%	+3.38%
Max Drawdown (3Y) Largest decline over 3 years	-28.33%	-13.62%	-14.71%
Max Drawdown (5Y) Largest decline over 5 years	-28.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.89%	—	—
Current Drawdown Current decline from peak	-0.40%	-3.00%	+2.60%
Average Drawdown Average peak-to-trough decline	-3.99%	-1.72%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.36%	-0.50%

Volatility

RUD.TO vs. IDIV-B.TO - Volatility Comparison

The current volatility for RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) is 2.59%, while Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a volatility of 5.14%. This indicates that RUD.TO experiences smaller price fluctuations and is considered to be less risky than IDIV-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RUD.TO	IDIV-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	5.14%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	13.24%	-3.97%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	15.48%	-3.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	14.06%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	14.06%	+1.47%

RUD.TO vs. IDIV-B.TO - Expense Ratio Comparison

RUD.TO has a 0.43% expense ratio, which is lower than IDIV-B.TO's 0.55% expense ratio.

Dividends

RUD.TO vs. IDIV-B.TO - Dividend Comparison

RUD.TO's dividend yield for the trailing twelve months is around 1.37%, less than IDIV-B.TO's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	2.80%	3.02%	3.49%	1.73%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD)	1.37%	1.35%	1.16%	1.49%	1.57%	1.10%	1.64%	1.93%	2.01%	1.78%	1.73%	2.12%

Frequently Asked Questions

Can I hold both RUD.TO and IDIV-B.TO in my portfolio?

RUD.TO and IDIV-B.TO have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RUD.TO or IDIV-B.TO?

On fees, RUD.TO is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RUD.TO or IDIV-B.TO?

RUD.TO is cheaper with a 0.43% expense ratio, compared with 0.55% for IDIV-B.TO.

What is the main difference between RUD.TO and IDIV-B.TO?

RUD.TO is categorized as Large Cap Blend Equities, while IDIV-B.TO is Dividend. They also come from different issuers: RBC and Manulife. Their fees differ too: 0.43% for RUD.TO and 0.55% for IDIV-B.TO.