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XEH.TO vs. RPDH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEH.TO vs. RPDH.TO

Last updated Jul 18, 2026
Documentation

XEH.TO (iShares MSCI Europe IMI Index ETF (CAD-Hedged)) and RPDH.TO (RBC Quant European Dividend Leaders CAD Hedged ETF) are both Europe Equities funds. XEH.TO is passively managed, while RPDH.TO is actively managed. Over the past 10 years, XEH.TO returned 10.00%/yr vs 9.97%/yr for RPDH.TO. At a 0.49 correlation, their price movements are largely independent.

Performance

XEH.TO vs. RPDH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.TO) and RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.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, XEH.TO achieves a 9.95% return, which is significantly lower than RPDH.TO's 16.11% return. Both investments have delivered pretty close results over the past 10 years, with XEH.TO having a 10.00% annualized return and RPDH.TO not far behind at 9.97%.

XEH.TO

1D
-0.35%
1M
0.78%
6M
5.77%
YTD
9.95%
1Y
18.63%
3Y*
14.33%
5Y*
9.76%
10Y*
10.00%

RPDH.TO

1D
-0.11%
1M
-0.22%
6M
11.22%
YTD
16.11%
1Y
32.10%
3Y*
21.26%
5Y*
13.55%
10Y*
9.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEH.TO vs. RPDH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)		9.95%20.43%7.72%15.86%-8.30%21.78%-2.36%26.30%-9.64%15.67%
RPDH.TO
RBC Quant European Dividend Leaders CAD Hedged ETF		16.11%30.87%7.58%17.83%-6.14%23.21%-7.43%17.35%-8.22%8.35%

Correlation

The correlation between XEH.TO and RPDH.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.37

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

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Nov 17, 2014

0.49

The correlation between XEH.TO and RPDH.TO shifts across timeframes, from 0.30 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

iShares MSCI Europe IMI Index ETF (CAD-Hedged)

RBC Quant European Dividend Leaders CAD Hedged ETF

Often compared with XEH.TO:
XEH.TO vs. XEU.TOXEH.TO vs. XEF.TOXEH.TO vs. VEF.TOXEH.TO vs. IWYXEH.TO vs. IEURXEH.TO vs. XEQT.TOXEH.TO vs. ZEA.TO
Often compared with RPDH.TO:
RPDH.TO vs. RBO.TORPDH.TO vs. RID.TORPDH.TO vs. RLB.TORPDH.TO vs. RPD.TORPDH.TO vs. RQO.TORPDH.TO vs. RQP.TORPDH.TO vs. RIDH.TO

Return for Risk

XEH.TO vs. RPDH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEH.TO
XEH.TO Risk / Return Rank: 5252
Overall Rank
XEH.TO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
XEH.TO Sortino Ratio Rank: 5454
Sortino Ratio Rank
XEH.TO Omega Ratio Rank: 5454
Omega Ratio Rank
XEH.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
XEH.TO Martin Ratio Rank: 5454
Martin Ratio Rank
RPDH.TO
RPDH.TO Risk / Return Rank: 9393
Overall Rank
RPDH.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
RPDH.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
RPDH.TO Omega Ratio Rank: 9595
Omega Ratio Rank
RPDH.TO Calmar Ratio Rank: 9090
Calmar Ratio Rank
RPDH.TO Martin Ratio Rank: 9292
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.

XEH.TO vs. RPDH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.TO) and RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XEH.TORPDH.TODifference
Sharpe ratioReturn per unit of total volatility
1.44
2.83

-1.39

Sortino ratioReturn per unit of downside risk
2.11
4.13

-2.02

Omega ratioGain probability vs. loss probability

1.27

1.59

-0.32

Calmar ratioReturn relative to maximum drawdown

1.80

4.13

-2.33

Martin ratioReturn relative to average drawdown

7.34

16.20

-8.86

XEH.TO vs. RPDH.TO - Sharpe Ratio Comparison

The current XEH.TO Sharpe Ratio is 1.44, which is lower than the RPDH.TO Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of XEH.TO and RPDH.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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Drawdowns

XEH.TO vs. RPDH.TO - Drawdown Comparison

The maximum XEH.TO drawdown since its inception was -35.81%, roughly equal to the maximum RPDH.TO drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for XEH.TO and RPDH.TO.

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Drawdown Indicators

XEH.TORPDH.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.81%

-36.38%

+0.57%

Max Drawdown (1Y)

Largest decline over 1 year

-10.38%

-7.81%

-2.57%

Max Drawdown (3Y)

Largest decline over 3 years

-15.01%

-13.56%

-1.45%

Max Drawdown (5Y)

Largest decline over 5 years

-20.33%

-19.22%

-1.11%

Max Drawdown (10Y)

Largest decline over 10 years

-35.81%

-36.38%

+0.57%

Current Drawdown

Current decline from peak

-1.87%

-1.27%

-0.60%

Average Drawdown

Average peak-to-trough decline

-4.89%

-5.09%

+0.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.55%

1.99%

+0.56%

Volatility

XEH.TO vs. RPDH.TO - Volatility Comparison

iShares MSCI Europe IMI Index ETF (CAD-Hedged) (XEH.TO) has a higher volatility of 3.47% compared to RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) at 2.85%. This indicates that XEH.TO's price experiences larger fluctuations and is considered to be riskier than RPDH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEH.TORPDH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.47%

2.85%

+0.62%

Volatility (6M)

Calculated over the trailing 6-month period

11.09%

9.14%

+1.95%

Volatility (1Y)

Calculated over the trailing 1-year period

12.97%

11.38%

+1.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.23%

13.86%

+0.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.81%

16.12%

-0.31%

Dividends

XEH.TO vs. RPDH.TO - Dividend Comparison

XEH.TO's dividend yield for the trailing twelve months is around 2.66%, less than RPDH.TO's 3.01% yield.

PositionTTM20252024202320222021202020192018201720162015
RPDH.TO
RBC Quant European Dividend Leaders CAD Hedged ETF		3.01%3.08%3.71%3.42%4.00%2.38%3.27%5.42%5.06%2.91%3.80%3.08%
XEH.TO
iShares MSCI Europe IMI Index ETF (CAD-Hedged)		2.66%2.50%2.71%2.98%3.12%2.40%2.01%3.52%3.39%2.22%2.39%2.27%

Frequently Asked Questions

XEH.TO and RPDH.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: iShares and RBC.

Portfolio Optimizer

Find the right allocation for XEH.TO and RPDH.TO

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