PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XDIV.TO vs. XDUH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDIV.TO vs. XDUH.TO

Last updated Jun 4, 2026

XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while XDUH.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 5 years, XDIV.TO returned 16.42%/yr vs 6.48%/yr for XDUH.TO. At a 0.50 correlation, their price movements are largely independent. XDIV.TO charges 0.11%/yr vs 0.16%/yr for XDUH.TO.

Performance

XDIV.TO vs. XDUH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.

Loading charts...

Returns By Period

In the year-to-date period, XDIV.TO achieves a 19.17% return, which is significantly higher than XDUH.TO's 8.93% return.

XDIV.TO

1D
0.19%
1M
3.65%
YTD
19.17%
6M
18.94%
1Y
38.61%
3Y*
22.97%
5Y*
16.42%
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)

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

2026 (YTD)20252024202320222021202020192018
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		19.17%24.92%19.56%11.71%0.29%32.25%-7.81%24.84%-10.50%
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%21.38%-6.70%

Correlation

The correlation between XDIV.TO and XDUH.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.48

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

0.53

Correlation (All Time)
Calculated using the full available price history since Jan 10, 2018

0.50

The correlation between XDIV.TO and XDUH.TO has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

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

Sectors
XDIV.TO
XDUH.TO

Financial Services

46.7%
9.2%

Energy

28.8%
11.8%

Consumer Cyclical

11.5%
9.1%

Utilities

11.3%
3.6%

Technology

1.3%
15.3%

Communication Services

0.4%
2.6%

Basic Materials

-

1.1%

Consumer Defensive

-

14.5%

Healthcare

-

20.6%

Industrials

-

13.1%

Real Estate

-

-

Financial Services

XDIV.TO
46.7%
XDUH.TO
9.2%

Energy

XDIV.TO
28.8%
XDUH.TO
11.8%

Consumer Cyclical

XDIV.TO
11.5%
XDUH.TO
9.1%

Utilities

XDIV.TO
11.3%
XDUH.TO
3.6%

Technology

XDIV.TO
1.3%
XDUH.TO
15.3%

Communication Services

XDIV.TO
0.4%
XDUH.TO
2.6%

Basic Materials

XDIV.TO

-

XDUH.TO
1.1%

Consumer Defensive

XDIV.TO

-

XDUH.TO
14.5%

Healthcare

XDIV.TO

-

XDUH.TO
20.6%

Industrials

XDIV.TO

-

XDUH.TO
13.1%

Real Estate

XDIV.TO

-

XDUH.TO

-

Compare stocks, funds, or ETFs

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

iShares Core MSCI Canadian Quality Dividend Index ETF

iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)

Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO
Often compared with XDUH.TO:
XDUH.TO vs. SCHDXDUH.TO vs. XDGH.TOXDUH.TO vs. XDU.TOXDUH.TO vs. ZDY.TOXDUH.TO vs. XHD.TOXDUH.TO vs. XDV.TOXDUH.TO vs. JEPI

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
Martin Ratio Rank
XDUH.TO
XDUH.TO Risk / Return Rank: 4343
Overall Rank
XDUH.TO Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
XDUH.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
XDUH.TO Omega Ratio Rank: 3939
Omega Ratio Rank
XDUH.TO Calmar Ratio Rank: 5151
Calmar Ratio Rank
XDUH.TO Martin Ratio Rank: 4343
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.

XDIV.TOXDUH.TODifference
Sharpe ratioReturn per unit of total volatility
4.94
1.43

+3.51

Sortino ratioReturn per unit of downside risk
7.29
2.11

+5.18

Omega ratioGain probability vs. loss probability

2.03

1.26

+0.77

Calmar ratioReturn relative to maximum drawdown

16.64

2.49

+14.15

Martin ratioReturn relative to average drawdown

56.55

6.87

+49.68

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XDIV.TO Sharpe Ratio is 4.94, which is higher than the XDUH.TO Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of XDIV.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.

Loading charts...

Sharpe Ratios by Period

XDIV.TOXDUH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.94

1.43

+3.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.57

0.49

+1.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.81

0.41

+0.40

Drawdowns

XDIV.TO vs. XDUH.TO - Drawdown Comparison

The maximum XDIV.TO drawdown since its inception was -41.30%, which is greater than XDUH.TO's maximum drawdown of -34.91%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and XDUH.TO.

Loading charts...

Drawdown Indicators

XDIV.TOXDUH.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.30%

-34.91%

-6.39%

Max Drawdown (1Y)

Largest decline over 1 year

-2.33%

-6.08%

+3.75%

Max Drawdown (3Y)

Largest decline over 3 years

-10.53%

-14.37%

+3.84%

Max Drawdown (5Y)

Largest decline over 5 years

-17.60%

-17.40%

-0.20%

Current Drawdown

Current decline from peak

-0.09%

-1.39%

+1.30%

Average Drawdown

Average peak-to-trough decline

-4.25%

-4.57%

+0.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.69%

2.20%

-1.51%

Volatility

XDIV.TO vs. XDUH.TO - Volatility Comparison

The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.81%, while iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) has a volatility of 2.98%. This indicates that XDIV.TO experiences smaller price fluctuations and is considered to be less risky than XDUH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XDIV.TOXDUH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.81%

2.98%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

6.36%

7.50%

-1.14%

Volatility (1Y)

Calculated over the trailing 1-year period

7.85%

10.60%

-2.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.53%

13.39%

-2.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.01%

16.55%

-0.54%

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

XDIV.TO has a 0.11% expense ratio, which is lower than XDUH.TO's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XDIV.TO vs. XDUH.TO - Dividend Comparison

XDIV.TO's dividend yield for the trailing twelve months is around 3.28%, more than XDUH.TO's 2.26% yield.

PositionTTM202520242023202220212020201920182017
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.28%3.81%4.29%4.20%3.95%3.58%4.58%4.02%4.85%1.82%
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%0.00%

Frequently Asked Questions

XDIV.TO and XDUH.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.16% for XDUH.TO.

XDIV.TO is categorized as Dividend, while XDUH.TO is Large Cap Value Equities. XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while XDUH.TO tracks Morningstar US Market TR CAD. Their fees differ too: 0.11% for XDIV.TO and 0.16% for XDUH.TO.

Portfolio Optimizer

Find the right allocation for XDIV.TO and XDUH.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