XDU.TO vs. IDIV-B.TO

Last updated Jun 4, 2026

XDU.TO (iShares Core MSCI US Quality Dividend Index ETF) and IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) are both exchange-traded funds - XDU.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD, while IDIV-B.TO is a Dividend fund actively managed by Manulife. XDU.TO is passively managed, while IDIV-B.TO is actively managed. Over the past 3 years, XDU.TO returned 11.88%/yr vs 21.08%/yr for IDIV-B.TO. At a 0.34 correlation, their price movements are largely independent. XDU.TO charges 0.16%/yr vs 0.55%/yr for IDIV-B.TO.

Performance

XDU.TO vs. IDIV-B.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI US Quality Dividend Index ETF (XDU.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDU.TO achieves a 11.82% return, which is significantly higher than IDIV-B.TO's 10.75% return.

XDU.TO

• 1D: 0.36%
• 1M: 5.28%
• YTD: 11.82%
• 6M: 6.05%
• 1Y: 16.98%
• 3Y*: 11.88%
• 5Y*: 9.04%
• 10Y*: —

IDIV-B.TO

• 1D: 0.00%
• 1M: 3.35%
• YTD: 10.75%
• 6M: 8.02%
• 1Y: 25.99%
• 3Y*: 21.08%
• 5Y*: —
• 10Y*: —

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

XDU.TO vs. IDIV-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XDU.TO iShares Core MSCI US Quality Dividend Index ETF	11.82%	2.42%	14.09%	3.53%	1.66%
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	10.75%	35.22%	12.85%	12.28%	7.59%

Correlation

The correlation between XDU.TO and IDIV-B.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	0.37
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022	0.34

The correlation between XDU.TO and IDIV-B.TO shifts across timeframes, from 0.34 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XDU.TO vs. IDIV-B.TO — Risk / Return Rank

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

XDU.TO

XDU.TO Risk / Return Rank: 47
XDU.TO Sharpe Ratio Rank: 44
XDU.TO Sortino Ratio Rank: 43
XDU.TO Omega Ratio Rank: 44
XDU.TO Calmar Ratio Rank: 56
XDU.TO Martin Ratio Rank: 48

IDIV-B.TO

IDIV-B.TO Risk / Return Rank: 53
IDIV-B.TO Sharpe Ratio Rank: 50
IDIV-B.TO Sortino Ratio Rank: 47
IDIV-B.TO Omega Ratio Rank: 52
IDIV-B.TO Calmar Ratio Rank: 53
IDIV-B.TO Martin Ratio Rank: 62

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.

XDU.TO vs. IDIV-B.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI US Quality Dividend Index ETF (XDU.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.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.

	XDU.TO	IDIV-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.69	-0.11
Sortino ratio: Return per unit of downside risk	2.20	2.31	-0.10
Omega ratio: Gain probability vs. loss probability	1.28	1.32	-0.04
Calmar ratio: Return relative to maximum drawdown	2.78	2.60	+0.18
Martin ratio: Return relative to average drawdown	8.23	11.03	-2.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDU.TO vs. IDIV-B.TO - Sharpe Ratio Comparison

The current XDU.TO Sharpe Ratio is 1.58, which is comparable to the IDIV-B.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of XDU.TO and IDIV-B.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

	XDU.TO	IDIV-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.69	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.59	-1.02

Drawdowns

XDU.TO vs. IDIV-B.TO - Drawdown Comparison

The maximum XDU.TO drawdown since its inception was -26.12%, which is greater than IDIV-B.TO's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for XDU.TO and IDIV-B.TO.

Drawdown Indicators

	XDU.TO	IDIV-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.12%	-13.62%	-12.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.13%	-10.03%	+3.90%
Max Drawdown (3Y) Largest decline over 3 years	-16.69%	-13.62%	-3.07%
Max Drawdown (5Y) Largest decline over 5 years	-16.69%	—	—
Current Drawdown Current decline from peak	-0.49%	-3.00%	+2.51%
Average Drawdown Average peak-to-trough decline	-3.87%	-1.72%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.36%	-0.29%

Volatility

XDU.TO vs. IDIV-B.TO - Volatility Comparison

The current volatility for iShares Core MSCI US Quality Dividend Index ETF (XDU.TO) is 2.73%, while Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a volatility of 5.14%. This indicates that XDU.TO experiences smaller price fluctuations and is considered to be less risky than IDIV-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDU.TO	IDIV-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	5.14%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	13.24%	-4.85%
Volatility (1Y) Calculated over the trailing 1-year period	10.83%	15.48%	-4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.08%	14.06%	-1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	14.06%	+0.85%

XDU.TO vs. IDIV-B.TO - Expense Ratio Comparison

XDU.TO has a 0.16% expense ratio, which is lower than IDIV-B.TO's 0.55% expense ratio.

Dividends

XDU.TO vs. IDIV-B.TO - Dividend Comparison

XDU.TO's dividend yield for the trailing twelve months is around 2.25%, less than IDIV-B.TO's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	2.80%	3.02%	3.49%	1.73%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%
XDU.TO iShares Core MSCI US Quality Dividend Index ETF	2.25%	2.46%	2.12%	2.31%	2.05%	2.06%	2.72%	2.31%	2.27%	1.27%

Frequently Asked Questions

Can I hold both XDU.TO and IDIV-B.TO in my portfolio?

XDU.TO and IDIV-B.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.

Which ETF is better, XDU.TO or IDIV-B.TO?

On fees, XDU.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, XDU.TO or IDIV-B.TO?

XDU.TO is cheaper with a 0.16% expense ratio, compared with 0.55% for IDIV-B.TO.

What is the main difference between XDU.TO and IDIV-B.TO?

XDU.TO is categorized as Large Cap Value Equities, while IDIV-B.TO is Dividend. They also come from different issuers: iShares and Manulife. Their fees differ too: 0.16% for XDU.TO and 0.55% for IDIV-B.TO.