XCNS.TO vs. XDUH.TO

Last updated Jun 5, 2026

XCNS.TO (iShares Core Conservative Balanced ETF Portfolio) and XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) are both exchange-traded funds - XCNS.TO is a Diversified Portfolio fund actively managed by iShares, while XDUH.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD. XCNS.TO is actively managed, while XDUH.TO is passively managed. Over the past 5 years, XCNS.TO returned 5.78%/yr vs 6.48%/yr for XDUH.TO. At a 0.43 correlation, their price movements are largely independent. XCNS.TO charges 0.20%/yr vs 0.16%/yr for XDUH.TO.

Performance

XCNS.TO vs. XDUH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) and iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XCNS.TO achieves a 5.93% return, which is significantly lower than XDUH.TO's 8.93% return.

XCNS.TO

• 1D: 0.34%
• 1M: 3.18%
• YTD: 5.93%
• 6M: 4.54%
• 1Y: 12.96%
• 3Y*: 11.09%
• 5Y*: 5.78%
• 10Y*: —

XDUH.TO

• 1D: -0.10%
• 1M: 3.40%
• YTD: 8.93%
• 6M: 7.07%
• 1Y: 15.05%
• 3Y*: 11.66%
• 5Y*: 6.48%
• 10Y*: —

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

XCNS.TO vs. XDUH.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XCNS.TO iShares Core Conservative Balanced ETF Portfolio	5.93%	9.44%	11.73%	10.66%	-11.25%	5.93%	10.28%	3.45%
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)	8.93%	8.02%	9.45%	5.57%	-6.32%	22.54%	-2.08%	8.77%

Correlation

The correlation between XCNS.TO and XDUH.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Aug 26, 2019	0.43

XCNS.TO vs. XDUH.TO - Sectors Allocation Comparison

Sectors	XCNS.TO	XDUH.TO
Technology	12.2%	15.3%
Financial Services	9.4%	9.2%
Industrials	3.6%	13.1%
Communication Services	3.1%	2.6%
Energy	3.1%	11.8%
Consumer Cyclical	3.1%	9.1%
Basic Materials	2.7%	1.1%
Healthcare	2.4%	20.6%
Consumer Defensive	1.7%	14.5%
Utilities	0.7%	3.6%
Real Estate	0.2%	-

Return for Risk

XCNS.TO vs. XDUH.TO — Risk / Return Rank

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

XCNS.TO

XCNS.TO Risk / Return Rank: 60
XCNS.TO Sharpe Ratio Rank: 59
XCNS.TO Sortino Ratio Rank: 60
XCNS.TO Omega Ratio Rank: 64
XCNS.TO Calmar Ratio Rank: 55
XCNS.TO Martin Ratio Rank: 60

XDUH.TO

XDUH.TO Risk / Return Rank: 43
XDUH.TO Sharpe Ratio Rank: 40
XDUH.TO Sortino Ratio Rank: 41
XDUH.TO Omega Ratio Rank: 39
XDUH.TO Calmar Ratio Rank: 51
XDUH.TO Martin Ratio Rank: 43

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.

XCNS.TO vs. XDUH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) and iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.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.

	XCNS.TO	XDUH.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.95	1.43	+0.52
Sortino ratio: Return per unit of downside risk	2.80	2.11	+0.69
Omega ratio: Gain probability vs. loss probability	1.38	1.26	+0.12
Calmar ratio: Return relative to maximum drawdown	2.68	2.49	+0.19
Martin ratio: Return relative to average drawdown	10.44	6.87	+3.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCNS.TO vs. XDUH.TO - Sharpe Ratio Comparison

The current XCNS.TO Sharpe Ratio is 1.95, which is higher than the XDUH.TO Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of XCNS.TO and XDUH.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

	XCNS.TO	XDUH.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	1.43	+0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.49	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.41	+0.46

Drawdowns

XCNS.TO vs. XDUH.TO - Drawdown Comparison

The maximum XCNS.TO drawdown since its inception was -16.96%, smaller than the maximum XDUH.TO drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for XCNS.TO and XDUH.TO.

Drawdown Indicators

	XCNS.TO	XDUH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-16.96%	-34.91%	+17.95%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-6.08%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-6.40%	-14.37%	+7.97%
Max Drawdown (5Y) Largest decline over 5 years	-16.09%	-17.40%	+1.31%
Current Drawdown Current decline from peak	-0.45%	-1.39%	+0.94%
Average Drawdown Average peak-to-trough decline	-3.49%	-4.57%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.24%	2.20%	-0.96%

Volatility

XCNS.TO vs. XDUH.TO - Volatility Comparison

iShares Core Conservative Balanced ETF Portfolio (XCNS.TO) has a higher volatility of 3.14% compared to iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) at 2.98%. This indicates that XCNS.TO's price experiences larger fluctuations and is considered to be riskier than XDUH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCNS.TO	XDUH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	2.98%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	5.72%	7.50%	-1.78%
Volatility (1Y) Calculated over the trailing 1-year period	6.67%	10.60%	-3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.86%	13.39%	-6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.61%	16.55%	-8.94%

XCNS.TO vs. XDUH.TO - Expense Ratio Comparison

XCNS.TO has a 0.20% expense ratio, which is higher than XDUH.TO's 0.16% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XCNS.TO vs. XDUH.TO - Dividend Comparison

XCNS.TO's dividend yield for the trailing twelve months is around 2.49%, more than XDUH.TO's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
XCNS.TO iShares Core Conservative Balanced ETF Portfolio	2.49%	2.55%	2.58%	2.49%	2.26%	1.81%	2.15%	0.92%	0.00%
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)	2.26%	2.41%	2.61%	2.49%	2.35%	2.56%	2.62%	2.31%	2.69%

Frequently Asked Questions

Can I hold both XCNS.TO and XDUH.TO in my portfolio?

XCNS.TO and XDUH.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCNS.TO or XDUH.TO?

On fees, XDUH.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCNS.TO or XDUH.TO?

XDUH.TO is cheaper with a 0.16% expense ratio, compared with 0.20% for XCNS.TO.

What is the main difference between XCNS.TO and XDUH.TO?

XCNS.TO is categorized as Diversified Portfolio, while XDUH.TO is Large Cap Value Equities. Their fees differ too: 0.20% for XCNS.TO and 0.16% for XDUH.TO.