XFH.TO vs. XDIV.TO
XFH.TO (iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - XFH.TO is a Global Equities fund tracking the Morningstar DM xNA GR CAD, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, XFH.TO returned 10.16%/yr vs 16.42%/yr for XDIV.TO. A 0.62 correlation means they provide meaningful diversification when combined. XFH.TO charges 0.22%/yr vs 0.11%/yr for XDIV.TO.
Performance
XFH.TO vs. XDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XFH.TO achieves a 9.22% return, which is significantly lower than XDIV.TO's 19.17% return.
XFH.TO
- 1D
- -0.46%
- 1M
- 4.38%
- YTD
- 9.22%
- 6M
- 11.32%
- 1Y
- 22.60%
- 3Y*
- 16.07%
- 5Y*
- 10.16%
- 10Y*
- 10.13%
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
XFH.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFH.TO iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) | 9.22% | 21.68% | 11.68% | 18.28% | -6.60% | 12.13% | 0.84% | 23.05% | -10.97% | 7.17% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
Correlation
The correlation between XFH.TO and XDIV.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.62 |
The correlation between XFH.TO and XDIV.TO shifts across timeframes, from 0.42 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
XFH.TO vs. XDIV.TO - Sectors Allocation Comparison
Sectors
XFH.TO
XDIV.TO
Financial Services
Industrials
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Technology
Healthcare
-
Consumer Cyclical
Basic Materials
-
Consumer Defensive
-
Communication Services
Energy
Utilities
Real Estate
-
Financial Services
XFH.TO
XDIV.TO
Industrials
XFH.TO
XDIV.TO
-
Technology
XFH.TO
XDIV.TO
Healthcare
XFH.TO
XDIV.TO
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Consumer Cyclical
XFH.TO
XDIV.TO
Basic Materials
XFH.TO
XDIV.TO
-
Consumer Defensive
XFH.TO
XDIV.TO
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Communication Services
XFH.TO
XDIV.TO
Energy
XFH.TO
XDIV.TO
Utilities
XFH.TO
XDIV.TO
Real Estate
XFH.TO
XDIV.TO
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Return for Risk
XFH.TO vs. XDIV.TO — Risk / Return Rank
XFH.TO
XDIV.TO
XFH.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
| XFH.TO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -4.58 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 2.03 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 16.64 | -14.28 |
| Martin ratioReturn relative to average drawdown | 9.71 | 56.55 | -46.83 |
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
| XFH.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 4.94 | -3.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.57 | -0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.81 | -0.31 |
Drawdowns
XFH.TO vs. XDIV.TO - Drawdown Comparison
The maximum XFH.TO drawdown since its inception was -33.85%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for XFH.TO and XDIV.TO.
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Drawdown Indicators
| XFH.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -41.30% | +7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -2.33% | -7.30% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -10.53% | -3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -17.60% | -2.99% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | — | — |
Current DrawdownCurrent decline from peak | -1.29% | -0.09% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -4.25% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 0.69% | +1.64% |
Volatility
XFH.TO vs. XDIV.TO - Volatility Comparison
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) has a higher volatility of 4.08% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that XFH.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFH.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 2.81% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 9.85% | 6.36% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 7.85% | +4.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 10.53% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 16.01% | +0.15% |
XFH.TO vs. XDIV.TO - Expense Ratio Comparison
XFH.TO has a 0.22% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XFH.TO vs. XDIV.TO - Dividend Comparison
XFH.TO's dividend yield for the trailing twelve months is around 1.98%, less than XDIV.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% | 0.00% |
XFH.TO iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) | 1.98% | 2.16% | 2.47% | 2.91% | 2.91% | 2.29% | 1.73% | 2.43% | 2.66% | 2.11% | 2.03% | 2.45% |
Frequently Asked Questions
XFH.TO and XDIV.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.22% for XFH.TO.
XFH.TO is categorized as Global Equities, while XDIV.TO is Dividend. XFH.TO tracks Morningstar DM xNA GR CAD, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.22% for XFH.TO and 0.11% for XDIV.TO.
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