XDIV vs. XHD.TO

Last updated Jun 4, 2026

XDIV (Roundhill S&P 500 No Dividend Target ETF) and XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) are both exchange-traded funds - XDIV is a S&P 500 fund actively managed by Roundhill, while XHD.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD. XDIV is actively managed, while XHD.TO is passively managed. At a 0.20 correlation, their price movements are largely independent. XDIV charges 0.09%/yr vs 0.33%/yr for XHD.TO.

Performance

XDIV vs. XHD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 No Dividend Target ETF (XDIV) and iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDIV is traded in USD, while XHD.TO is traded in CAD. To make them comparable, the XHD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with XDIV having a 10.63% return and XHD.TO slightly lower at 10.55%.

XDIV

• 1D: -0.67%
• 1M: 5.14%
• YTD: 10.63%
• 6M: 10.83%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XHD.TO

• 1D: 0.42%
• 1M: -1.31%
• YTD: 10.55%
• 6M: 5.93%
• 1Y: 10.26%
• 3Y*: 8.49%
• 5Y*: 3.61%
• 10Y*: 5.46%

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

XDIV vs. XHD.TO - Yearly Performance Comparison

	2026 (YTD)	2025
XDIV Roundhill S&P 500 No Dividend Target ETF	10.63%	9.90%
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)	10.55%	-4.11%

Correlation

The correlation between XDIV and XHD.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.20

XDIV vs. XHD.TO - Sectors Allocation Comparison

Sectors	XDIV	XHD.TO
Technology	36.2%	8.2%
Financial Services	11.9%	11.1%
Communication Services	10.9%	0.1%
Consumer Cyclical	10.1%	6.1%
Healthcare	8.4%	16.5%
Industrials	8.1%	1.4%
Consumer Defensive	4.9%	24.1%
Energy	3.5%	22.3%
Utilities	2.3%	9.2%
Real Estate	1.9%	-
Basic Materials	1.8%	1.2%

Return for Risk

XDIV vs. XHD.TO — Risk / Return Rank

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

XHD.TO

XHD.TO Risk / Return Rank: 30
XHD.TO Sharpe Ratio Rank: 28
XHD.TO Sortino Ratio Rank: 26
XHD.TO Omega Ratio Rank: 28
XHD.TO Calmar Ratio Rank: 36
XHD.TO Martin Ratio Rank: 33

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 vs. XHD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 No Dividend Target ETF (XDIV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XDIV	XHD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.82	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.22	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	0.27	+1.71

Drawdowns

XDIV vs. XHD.TO - Drawdown Comparison

The maximum XDIV drawdown since its inception was -9.16%, smaller than the maximum XHD.TO drawdown of -45.01%. Use the drawdown chart below to compare losses from any high point for XDIV and XHD.TO.

Drawdown Indicators

	XDIV	XHD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-9.16%	-45.01%	+35.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.01%	—
Current Drawdown Current decline from peak	-0.67%	-4.11%	+3.44%
Average Drawdown Average peak-to-trough decline	-1.20%	-7.55%	+6.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.89%	—

Volatility

Volatility by Period

	XDIV	XHD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	12.58%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.31%	16.84%	-4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.31%	19.23%	-6.92%

XDIV vs. XHD.TO - Expense Ratio Comparison

XDIV has a 0.09% expense ratio, which is lower than XHD.TO's 0.33% expense ratio.

Dividends

XDIV vs. XHD.TO - Dividend Comparison

XDIV has not paid dividends to shareholders, while XHD.TO's dividend yield for the trailing twelve months is around 2.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDIV Roundhill S&P 500 No Dividend Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)	2.38%	2.61%	2.99%	3.09%	2.69%	2.81%	3.44%	2.46%	2.81%	2.36%	2.48%	3.00%

Frequently Asked Questions

Can I hold both XDIV and XHD.TO in my portfolio?

XDIV and XHD.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDIV or XHD.TO?

On fees, XDIV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDIV or XHD.TO?

XDIV is cheaper with a 0.09% expense ratio, compared with 0.33% for XHD.TO.

What is the main difference between XDIV and XHD.TO?

XDIV is categorized as S&P 500, while XHD.TO is Large Cap Blend Equities. They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.09% for XDIV and 0.33% for XHD.TO.