THU.TO vs. XHD.TO
THU.TO (TD U.S. Equity CAD Hedged Index ETF) and XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) are both Large Cap Blend Equities funds. THU.TO is actively managed, while XHD.TO is passively managed. Over the past 10 years, THU.TO returned 13.34%/yr vs 5.65%/yr for XHD.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
THU.TO vs. XHD.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, THU.TO achieves a 8.52% return, which is significantly lower than XHD.TO's 16.33% return. Over the past 10 years, THU.TO has outperformed XHD.TO with an annualized return of 13.34%, while XHD.TO has yielded a comparatively lower 5.65% annualized return.
THU.TO
- 1D
- -0.66%
- 1M
- 0.48%
- 6M
- 6.96%
- YTD
- 8.52%
- 1Y
- 17.33%
- 3Y*
- 17.74%
- 5Y*
- 10.95%
- 10Y*
- 13.34%
XHD.TO
- 1D
- -0.30%
- 1M
- 4.54%
- 6M
- 11.52%
- YTD
- 16.33%
- 1Y
- 7.15%
- 3Y*
- 8.69%
- 5Y*
- 6.78%
- 10Y*
- 5.65%
THU.TO vs. XHD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THU.TO TD U.S. Equity CAD Hedged Index ETF | 8.52% | 15.44% | 23.50% | 26.50% | -21.80% | 27.16% | 18.06% | 29.00% | -6.79% | 20.92% |
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | 16.33% | -1.36% | 9.56% | 0.00% | 4.27% | 17.97% | -9.44% | 18.01% | -5.54% | 11.80% |
Correlation
The correlation between THU.TO and XHD.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2016 | 0.41 |
Over the past year, the correlation between THU.TO and XHD.TO has dropped to 0.03 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
THU.TO vs. XHD.TO — Risk / Return Rank
THU.TO
XHD.TO
THU.TO vs. XHD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD U.S. Equity CAD Hedged Index ETF (THU.TO) and iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.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.
| THU.TO | XHD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.11 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.64 | +1.18 |
| Martin ratioReturn relative to average drawdown | 7.75 | 2.22 | +5.53 |
Loading charts...
Drawdowns
THU.TO vs. XHD.TO - Drawdown Comparison
The maximum THU.TO drawdown since its inception was -34.64%, smaller than the maximum XHD.TO drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for THU.TO and XHD.TO.
Loading charts...
Drawdown Indicators
| THU.TO | XHD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -38.71% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -11.29% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.16% | -12.74% | -6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.37% | -16.37% | -10.00% |
Max Drawdown (10Y)Largest decline over 10 years | -34.64% | -38.71% | +4.07% |
Current DrawdownCurrent decline from peak | -2.13% | -0.30% | -1.83% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -3.94% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 3.23% | -0.99% |
Volatility
THU.TO vs. XHD.TO - Volatility Comparison
The current volatility for TD U.S. Equity CAD Hedged Index ETF (THU.TO) is 3.24%, while iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) has a volatility of 4.77%. This indicates that THU.TO experiences smaller price fluctuations and is considered to be less risky than XHD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| THU.TO | XHD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 4.77% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 8.63% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.89% | 16.39% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 14.69% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 16.42% | +0.98% |
Dividends
THU.TO vs. XHD.TO - Dividend Comparison
THU.TO's dividend yield for the trailing twelve months is around 0.98%, less than XHD.TO's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THU.TO TD U.S. Equity CAD Hedged Index ETF | 0.98% | 1.05% | 1.25% | 1.20% | 1.42% | 1.00% | 1.28% | 1.21% | 1.66% | 1.54% | 1.37% | 0.00% |
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | 2.35% | 2.74% | 3.06% | 3.16% | 2.75% | 2.87% | 3.51% | 2.51% | 2.87% | 2.41% | 2.54% | 3.07% |
Frequently Asked Questions
THU.TO and XHD.TO have a correlation of 0.03, 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: TD and iShares.
Find the right allocation for THU.TO and XHD.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer