XDUH.TO vs. CDIV.TO
XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) and CDIV.TO (Manulife Smart Dividend ETF) are both exchange-traded funds - XDUH.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD, while CDIV.TO is a Dividend fund actively managed by Manulife. XDUH.TO is passively managed, while CDIV.TO is actively managed. Over the past 5 years, XDUH.TO returned 6.48%/yr vs 13.50%/yr for CDIV.TO. A 0.53 correlation means they provide meaningful diversification when combined. XDUH.TO charges 0.16%/yr vs 0.28%/yr for CDIV.TO.
Performance
XDUH.TO vs. CDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDUH.TO achieves a 8.93% return, which is significantly lower than CDIV.TO's 14.31% return.
XDUH.TO
- 1D
- -0.10%
- 1M
- 3.40%
- YTD
- 8.93%
- 6M
- 7.07%
- 1Y
- 15.05%
- 3Y*
- 11.66%
- 5Y*
- 6.48%
- 10Y*
- —
CDIV.TO
- 1D
- -0.55%
- 1M
- 3.71%
- YTD
- 14.31%
- 6M
- 10.66%
- 1Y
- 31.29%
- 3Y*
- 20.24%
- 5Y*
- 13.50%
- 10Y*
- —
XDUH.TO vs. CDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XDUH.TO iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) | 8.93% | 8.02% | 9.45% | 5.57% | -6.32% | 22.54% | 1.50% |
CDIV.TO Manulife Smart Dividend ETF | 14.31% | 25.88% | 15.23% | 11.77% | -2.50% | 26.20% | 2.07% |
Correlation
The correlation between XDUH.TO and CDIV.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2020 | 0.53 |
The correlation between XDUH.TO and CDIV.TO has been stable across timeframes, ranging from 0.49 to 0.55 - a consistent structural relationship.
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Return for Risk
XDUH.TO vs. CDIV.TO — Risk / Return Rank
XDUH.TO
CDIV.TO
XDUH.TO vs. CDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) and Manulife Smart Dividend ETF (CDIV.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.
| XDUH.TO | CDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.53 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 4.20 | -1.71 |
| Martin ratioReturn relative to average drawdown | 6.87 | 17.38 | -10.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDUH.TO | CDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.61 | -1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 1.13 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.40 | -0.99 |
Drawdowns
XDUH.TO vs. CDIV.TO - Drawdown Comparison
The maximum XDUH.TO drawdown since its inception was -34.91%, which is greater than CDIV.TO's maximum drawdown of -16.44%. Use the drawdown chart below to compare losses from any high point for XDUH.TO and CDIV.TO.
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Drawdown Indicators
| XDUH.TO | CDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.91% | -16.44% | -18.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.08% | -7.48% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.37% | -9.64% | -4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | -16.44% | -0.96% |
Current DrawdownCurrent decline from peak | -1.39% | -0.55% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -2.83% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.81% | +0.39% |
Volatility
XDUH.TO vs. CDIV.TO - Volatility Comparison
iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) has a higher volatility of 2.98% compared to Manulife Smart Dividend ETF (CDIV.TO) at 2.82%. This indicates that XDUH.TO's price experiences larger fluctuations and is considered to be riskier than CDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDUH.TO | CDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.82% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 7.50% | 10.70% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 12.05% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.39% | 12.05% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 11.90% | +4.65% |
XDUH.TO vs. CDIV.TO - Expense Ratio Comparison
XDUH.TO has a 0.16% expense ratio, which is lower than CDIV.TO's 0.28% expense ratio.
Dividends
XDUH.TO vs. CDIV.TO - Dividend Comparison
XDUH.TO's dividend yield for the trailing twelve months is around 2.26%, which matches CDIV.TO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CDIV.TO Manulife Smart Dividend ETF | 2.28% | 3.02% | 3.41% | 3.45% | 3.41% | 2.38% | 0.07% | 0.00% | 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
XDUH.TO and CDIV.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XDUH.TO is cheaper with a 0.16% expense ratio, compared with 0.28% for CDIV.TO.
XDUH.TO is categorized as Large Cap Value Equities, while CDIV.TO is Dividend. They also come from different issuers: iShares and Manulife. Their fees differ too: 0.16% for XDUH.TO and 0.28% for CDIV.TO.
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