PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
WSRD.TO vs. QDXH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WSRD.TO vs. QDXH.TO

Last updated Jul 16, 2026
Documentation

WSRD.TO (Wealthsimple Developed Markets ex North America Socially Responsible Index ETF) and QDXH.TO (Mackenzie International Equity Index ETF (CAD-Hedged)) are both International Equity funds. WSRD.TO is actively managed, while QDXH.TO is passively managed. Over the past 5 years, WSRD.TO returned 3.97%/yr vs 12.25%/yr for QDXH.TO. At a 0.22 correlation, their price movements are largely independent.

Performance

WSRD.TO vs. QDXH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) and Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, WSRD.TO achieves a 2.80% return, which is significantly lower than QDXH.TO's 12.19% return.

WSRD.TO

1D
0.29%
1M
0.78%
6M
0.32%
YTD
2.80%
1Y
9.08%
3Y*
11.38%
5Y*
3.97%
10Y*
—

QDXH.TO

1D
-0.27%
1M
5.09%
6M
8.51%
YTD
12.19%
1Y
25.56%
3Y*
17.95%
5Y*
12.25%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

WSRD.TO vs. QDXH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
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%
QDXH.TO
Mackenzie International Equity Index ETF (CAD-Hedged)		12.19%21.99%13.25%14.25%-2.55%20.52%10.76%

Correlation

The correlation between WSRD.TO and QDXH.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

Compare stocks, funds, or ETFs

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

Wealthsimple Developed Markets ex North America Socially Responsible Index ETF

Mackenzie International Equity Index ETF (CAD-Hedged)

Often compared with QDXH.TO:
QDXH.TO vs. QDX.TOQDXH.TO vs. HXDM.TOQDXH.TO vs. QTIP.NEOQDXH.TO vs. MGRW.TOQDXH.TO vs. THE.TOQDXH.TO vs. QQQQ.TOQDXH.TO vs. KNGX.TO

Return for Risk

WSRD.TO vs. QDXH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WSRD.TO
WSRD.TO Risk / Return Rank: 2121
Overall Rank
WSRD.TO Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
WSRD.TO Sortino Ratio Rank: 2121
Sortino Ratio Rank
WSRD.TO Omega Ratio Rank: 2020
Omega Ratio Rank
WSRD.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
WSRD.TO Martin Ratio Rank: 2323
Martin Ratio Rank
QDXH.TO
QDXH.TO Risk / Return Rank: 8282
Overall Rank
QDXH.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QDXH.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
QDXH.TO Omega Ratio Rank: 9696
Omega Ratio Rank
QDXH.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
QDXH.TO Martin Ratio Rank: 7474
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.

WSRD.TO vs. QDXH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) and Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.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.

WSRD.TOQDXH.TODifference
Sharpe ratioReturn per unit of total volatility
0.64
2.14

-1.50

Sortino ratioReturn per unit of downside risk
1.01
3.64

-2.63

Omega ratioGain probability vs. loss probability

1.12

1.66

-0.54

Calmar ratioReturn relative to maximum drawdown

0.80

2.61

-1.81

Martin ratioReturn relative to average drawdown

2.37

10.92

-8.56

WSRD.TO vs. QDXH.TO - Sharpe Ratio Comparison

The current WSRD.TO Sharpe Ratio is 0.64, which is lower than the QDXH.TO Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of WSRD.TO and QDXH.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.

Loading charts...

Drawdowns

WSRD.TO vs. QDXH.TO - Drawdown Comparison

The maximum WSRD.TO drawdown since its inception was -34.80%, which is greater than QDXH.TO's maximum drawdown of -31.75%. Use the drawdown chart below to compare losses from any high point for WSRD.TO and QDXH.TO.

Loading charts...

Drawdown Indicators

WSRD.TOQDXH.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.80%

-31.75%

-3.05%

Max Drawdown (1Y)

Largest decline over 1 year

-11.43%

-9.85%

-1.58%

Max Drawdown (3Y)

Largest decline over 3 years

-12.76%

-13.49%

+0.73%

Max Drawdown (5Y)

Largest decline over 5 years

-34.80%

-15.79%

-19.01%

Current Drawdown

Current decline from peak

-2.20%

-0.80%

-1.40%

Average Drawdown

Average peak-to-trough decline

-9.47%

-3.83%

-5.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.84%

2.35%

+1.49%

Volatility

WSRD.TO vs. QDXH.TO - Volatility Comparison

The current volatility for Wealthsimple Developed Markets ex North America Socially Responsible Index ETF (WSRD.TO) is 4.02%, while Mackenzie International Equity Index ETF (CAD-Hedged) (QDXH.TO) has a volatility of 4.54%. This indicates that WSRD.TO experiences smaller price fluctuations and is considered to be less risky than QDXH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

WSRD.TOQDXH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.02%

4.54%

-0.52%

Volatility (6M)

Calculated over the trailing 6-month period

12.19%

10.28%

+1.91%

Volatility (1Y)

Calculated over the trailing 1-year period

14.30%

11.99%

+2.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.80%

12.72%

+2.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.32%

15.43%

-1.11%

Dividends

WSRD.TO vs. QDXH.TO - Dividend Comparison

WSRD.TO's dividend yield for the trailing twelve months is around 2.49%, more than QDXH.TO's 2.29% yield.

PositionTTM20252024202320222021202020192018
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%
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

WSRD.TO and QDXH.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: Wealthsimple and Mackenzie.

Portfolio Optimizer

Find the right allocation for WSRD.TO and QDXH.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