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XDUH.TO vs. IDIV-B.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDUH.TO vs. IDIV-B.TO

Last updated Jun 4, 2026

XDUH.TO (iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)) and IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) are both exchange-traded funds - XDUH.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. XDUH.TO is passively managed, while IDIV-B.TO is actively managed. Over the past 3 years, XDUH.TO returned 11.66%/yr vs 21.08%/yr for IDIV-B.TO. At a 0.29 correlation, their price movements are largely independent. XDUH.TO charges 0.16%/yr vs 0.55%/yr for IDIV-B.TO.

Performance

XDUH.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 (CAD-Hedged) (XDUH.TO) and Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO). The values are adjusted to include any dividend payments, if applicable.

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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 IDIV-B.TO's 10.75% 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*
—

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)

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

2026 (YTD)2025202420232022
XDUH.TO
iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged)		8.93%8.02%9.45%5.57%-0.50%
IDIV-B.TO
Manulife Smart International Dividend ETF Unhedged Units		10.75%35.22%12.85%12.28%7.59%

Correlation

The correlation between XDUH.TO and IDIV-B.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.37

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

0.31

Correlation (All Time)
Calculated using the full available price history since Nov 11, 2022

0.29

Compare stocks, funds, or ETFs

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

Manulife Smart International Dividend ETF Unhedged Units

Often compared with XDUH.TO:
XDUH.TO vs. SCHDXDUH.TO vs. XDGH.TOXDUH.TO vs. XDU.TOXDUH.TO vs. XDIV.TOXDUH.TO vs. ZDY.TOXDUH.TO vs. XHD.TOXDUH.TO vs. XDV.TO
Often compared with IDIV-B.TO:
IDIV-B.TO vs. FCID.TOIDIV-B.TO vs. FCCD.TOIDIV-B.TO vs. CDIV.TOIDIV-B.TO vs. CWIN.TOIDIV-B.TO vs. XDU.TOIDIV-B.TO vs. ZDIV.TOIDIV-B.TO vs. TBNK.TO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
IDIV-B.TO
IDIV-B.TO Risk / Return Rank: 5353
Overall Rank
IDIV-B.TO Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
IDIV-B.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
IDIV-B.TO Omega Ratio Rank: 5252
Omega Ratio Rank
IDIV-B.TO Calmar Ratio Rank: 5353
Calmar Ratio Rank
IDIV-B.TO Martin Ratio Rank: 6262
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.

XDUH.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 (CAD-Hedged) (XDUH.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.

XDUH.TOIDIV-B.TODifference
Sharpe ratioReturn per unit of total volatility
1.43
1.69

-0.26

Sortino ratioReturn per unit of downside risk
2.11
2.31

-0.20

Omega ratioGain probability vs. loss probability

1.26

1.32

-0.06

Calmar ratioReturn relative to maximum drawdown

2.49

2.60

-0.12

Martin ratioReturn relative to average drawdown

6.87

11.03

-4.16

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

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

The current XDUH.TO Sharpe Ratio is 1.43, which is comparable to the IDIV-B.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of XDUH.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.

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Sharpe Ratios by Period

XDUH.TOIDIV-B.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.43

1.69

-0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

1.59

-1.18

Drawdowns

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

The maximum XDUH.TO drawdown since its inception was -34.91%, 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 XDUH.TO and IDIV-B.TO.

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Drawdown Indicators

XDUH.TOIDIV-B.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.91%

-13.62%

-21.29%

Max Drawdown (1Y)

Largest decline over 1 year

-6.08%

-10.03%

+3.95%

Max Drawdown (3Y)

Largest decline over 3 years

-14.37%

-13.62%

-0.75%

Max Drawdown (5Y)

Largest decline over 5 years

-17.40%

—

—

Current Drawdown

Current decline from peak

-1.39%

-3.00%

+1.61%

Average Drawdown

Average peak-to-trough decline

-4.57%

-1.72%

-2.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

2.36%

-0.16%

Volatility

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

The current volatility for iShares Core MSCI US Quality Dividend Index ETF (CAD-Hedged) (XDUH.TO) is 2.98%, while Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a volatility of 5.14%. This indicates that XDUH.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.

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Volatility by Period

XDUH.TOIDIV-B.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.98%

5.14%

-2.16%

Volatility (6M)

Calculated over the trailing 6-month period

7.50%

13.24%

-5.74%

Volatility (1Y)

Calculated over the trailing 1-year period

10.60%

15.48%

-4.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.39%

14.06%

-0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.55%

14.06%

+2.49%

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

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

Dividends

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

XDUH.TO's dividend yield for the trailing twelve months is around 2.26%, less than IDIV-B.TO's 2.80% yield.

PositionTTM20252024202320222021202020192018
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%
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 IDIV-B.TO have a correlation of 0.37, 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 0.55% for IDIV-B.TO.

XDUH.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 XDUH.TO and 0.55% for IDIV-B.TO.

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