XHD.TO vs. HDIVX

Last updated Jun 4, 2026

XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and HDIVX (Janus Henderson Dividend & Income Builder Fund) are both funds - XHD.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while HDIVX is a Foreign Large Cap Equities fund managed by Janus Henderson. Over the past 10 years, XHD.TO returned 6.22%/yr vs 11.01%/yr for HDIVX. At a 0.41 correlation, their price movements are largely independent. XHD.TO charges 0.33%/yr vs 0.95%/yr for HDIVX.

Performance

XHD.TO vs. HDIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) and Janus Henderson Dividend & Income Builder Fund (HDIVX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XHD.TO is traded in CAD, while HDIVX is traded in USD. To make them comparable, the HDIVX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XHD.TO achieves a 11.94% return, which is significantly lower than HDIVX's 16.79% return. Over the past 10 years, XHD.TO has underperformed HDIVX with an annualized return of 6.22%, while HDIVX has yielded a comparatively higher 11.01% annualized return.

XHD.TO

• 1D: 0.83%
• 1M: 0.69%
• YTD: 11.94%
• 6M: 5.51%
• 1Y: 11.69%
• 3Y*: 9.73%
• 5Y*: 6.55%
• 10Y*: 6.22%

HDIVX

• 1D: 1.08%
• 1M: 9.26%
• YTD: 16.79%
• 6M: 17.76%
• 1Y: 28.87%
• 3Y*: 21.87%
• 5Y*: 15.51%
• 10Y*: 11.01%

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

XHD.TO vs. HDIVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)	11.94%	3.92%	9.50%	-0.07%	4.22%	17.88%	-9.51%	17.96%	-5.62%	11.73%
HDIVX Janus Henderson Dividend & Income Builder Fund	16.79%	23.31%	18.19%	15.46%	-2.20%	10.72%	3.42%	13.01%	-1.36%	10.28%

Correlation

The correlation between XHD.TO and HDIVX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Aug 21, 2012	0.41

Over the past year, the correlation between XHD.TO and HDIVX has dropped to 0.19 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

Return for Risk

XHD.TO vs. HDIVX — Risk / Return Rank

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

XHD.TO

XHD.TO Risk / Return Rank: 30
XHD.TO Sharpe Ratio Rank: 28
XHD.TO Sortino Ratio Rank: 26
XHD.TO Omega Ratio Rank: 28
XHD.TO Calmar Ratio Rank: 36
XHD.TO Martin Ratio Rank: 33

HDIVX

HDIVX Risk / Return Rank: 44
HDIVX Sharpe Ratio Rank: 48
HDIVX Sortino Ratio Rank: 43
HDIVX Omega Ratio Rank: 48
HDIVX Calmar Ratio Rank: 41
HDIVX Martin Ratio Rank: 41

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.

XHD.TO vs. HDIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) and Janus Henderson Dividend & Income Builder Fund (HDIVX). 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.

	XHD.TO	HDIVX	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.19	-1.15
Sortino ratio: Return per unit of downside risk	1.45	2.91	-1.47
Omega ratio: Gain probability vs. loss probability	1.20	1.41	-0.22
Calmar ratio: Return relative to maximum drawdown	1.80	2.66	-0.85
Martin ratio: Return relative to average drawdown	5.11	10.06	-4.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHD.TO vs. HDIVX - Sharpe Ratio Comparison

The current XHD.TO Sharpe Ratio is 1.04, which is lower than the HDIVX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of XHD.TO and HDIVX, 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

	XHD.TO	HDIVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	2.19	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	1.36	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.96	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.12	-0.59

Drawdowns

XHD.TO vs. HDIVX - Drawdown Comparison

The maximum XHD.TO drawdown since its inception was -38.71%, which is greater than HDIVX's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for XHD.TO and HDIVX.

Drawdown Indicators

	XHD.TO	HDIVX	Difference
Max Drawdown Largest peak-to-trough decline	-38.71%	-21.86%	-16.85%
Max Drawdown (1Y) Largest decline over 1 year	-6.51%	-10.77%	+4.26%
Max Drawdown (3Y) Largest decline over 3 years	-12.75%	-13.55%	+0.80%
Max Drawdown (5Y) Largest decline over 5 years	-16.38%	-16.30%	-0.08%
Max Drawdown (10Y) Largest decline over 10 years	-38.71%	-21.86%	-16.85%
Current Drawdown Current decline from peak	-2.45%	0.00%	-2.45%
Average Drawdown Average peak-to-trough decline	-3.93%	-2.78%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.84%	-0.55%

Volatility

XHD.TO vs. HDIVX - Volatility Comparison

The current volatility for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) is 3.78%, while Janus Henderson Dividend & Income Builder Fund (HDIVX) has a volatility of 4.60%. This indicates that XHD.TO experiences smaller price fluctuations and is considered to be less risky than HDIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHD.TO	HDIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	4.60%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	10.73%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	13.05%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	11.43%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	11.56%	+3.97%

XHD.TO vs. HDIVX - Expense Ratio Comparison

XHD.TO has a 0.33% expense ratio, which is lower than HDIVX's 0.95% expense ratio.

Dividends

XHD.TO vs. HDIVX - Dividend Comparison

XHD.TO's dividend yield for the trailing twelve months is around 2.38%, less than HDIVX's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDIVX Janus Henderson Dividend & Income Builder Fund	6.61%	7.60%	6.54%	3.11%	4.14%	4.59%	3.26%	3.20%	4.19%	2.76%	3.12%	3.02%
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)	2.38%	2.61%	2.99%	3.09%	2.69%	2.81%	3.44%	2.46%	2.81%	2.36%	2.48%	3.00%

Frequently Asked Questions

Can I hold both XHD.TO and HDIVX in my portfolio?

XHD.TO and HDIVX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.