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XHD.TO vs. HDIVX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

XHD.TO vs. HDIVX

Last updated Apr 1, 2026

Compare and contrast key facts about iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) and Janus Henderson Dividend & Income Builder Fund (HDIVX).

XHD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Aug 14, 2012. HDIVX is managed by Janus Henderson. It was launched on Jul 31, 2012.

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.

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XHD.TO vs. HDIVX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		11.42%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		0.74%23.31%18.19%15.46%-2.20%10.72%3.42%13.01%-1.36%10.28%
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 11.42% return, which is significantly higher than HDIVX's 0.74% return. Over the past 10 years, XHD.TO has underperformed HDIVX with an annualized return of 6.43%, while HDIVX has yielded a comparatively higher 9.58% annualized return.

XHD.TO

1D
0.21%
1M
-2.63%
YTD
11.42%
6M
5.45%
1Y
7.00%
3Y*
8.67%
5Y*
7.47%
10Y*
6.43%

HDIVX

1D
0.57%
1M
-9.14%
YTD
0.74%
6M
2.90%
1Y
15.56%
3Y*
16.07%
5Y*
12.45%
10Y*
9.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)

Janus Henderson Dividend & Income Builder Fund

Often compared with XHD.TO:
XHD.TO vs. SCHDXHD.TO vs. XDIV.TOXHD.TO vs. XEQT.TOXHD.TO vs. VDY.TOXHD.TO vs. XDGH.TOXHD.TO vs. XDU.TOXHD.TO vs. VIG
Often compared with HDIVX:
HDIVX vs. MEDIHDIVX vs. HMAX.TOHDIVX vs. CGDVHDIVX vs. HYLDHDIVX vs. SPYHDIVX vs. VUSA.ASHDIVX vs. JEPQ

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.

HDIVX
Janus Henderson Dividend & Income Builder Fund
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)

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: 3030
Overall Rank
XHD.TO Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
XHD.TO Sortino Ratio Rank: 2727
Sortino Ratio Rank
XHD.TO Omega Ratio Rank: 2929
Omega Ratio Rank
XHD.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
XHD.TO Martin Ratio Rank: 3131
Martin Ratio Rank
HDIVX
HDIVX Risk / Return Rank: 6666
Overall Rank
HDIVX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
HDIVX Sortino Ratio Rank: 6565
Sortino Ratio Rank
HDIVX Omega Ratio Rank: 6767
Omega Ratio Rank
HDIVX Calmar Ratio Rank: 6767
Calmar Ratio Rank
HDIVX Martin Ratio Rank: 6060
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.

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.TOHDIVXDifference

Sharpe ratio

Return per unit of total volatility

0.50

1.09

-0.59

Sortino ratio

Return per unit of downside risk

0.73

1.42

-0.69

Omega ratio

Gain probability vs. loss probability

1.11

1.21

-0.10

Calmar ratio

Return relative to maximum drawdown

0.76

1.32

-0.55

Martin ratio

Return relative to average drawdown

2.63

4.62

-1.99

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 0.50, which is lower than the HDIVX Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of XHD.TO and HDIVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XHD.TOHDIVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.50

1.09

-0.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

1.13

-0.55

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.42

0.84

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

1.04

-0.50

Correlation

The correlation between XHD.TO and HDIVX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XHD.TO vs. HDIVX - Dividend Comparison

XHD.TO's dividend yield for the trailing twelve months is around 2.37%, less than HDIVX's 7.28% yield.

TTM20252024202320222021202020192018201720162015
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		2.37%2.61%2.99%3.09%2.69%2.81%3.44%2.46%2.81%2.36%2.48%3.00%
HDIVX
Janus Henderson Dividend & Income Builder Fund		7.28%7.60%6.54%3.11%4.14%4.59%3.26%3.20%4.19%2.76%3.12%3.02%

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.

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Drawdown Indicators

XHD.TOHDIVXDifference

Max Drawdown

Largest peak-to-trough decline

-38.71%

-28.56%

-10.15%

Max Drawdown (1Y)

Largest decline over 1 year

-10.47%

-11.29%

+0.82%

Max Drawdown (5Y)

Largest decline over 5 years

-16.38%

-23.00%

+6.62%

Max Drawdown (10Y)

Largest decline over 10 years

-38.71%

-28.56%

-10.15%

Current Drawdown

Current decline from peak

-2.87%

-11.00%

+8.13%

Average Drawdown

Average peak-to-trough decline

-3.94%

-3.80%

-0.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

3.01%

+0.20%

Volatility

XHD.TO vs. HDIVX - Volatility Comparison

The current volatility for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) is 3.08%, while Janus Henderson Dividend & Income Builder Fund (HDIVX) has a volatility of 6.49%. 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.

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Volatility by Period

XHD.TOHDIVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.08%

6.49%

-3.41%

Volatility (6M)

Calculated over the trailing 6-month period

8.81%

9.75%

-0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

14.03%

14.00%

+0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.97%

11.11%

+1.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.50%

11.42%

+4.08%