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

XHD.TO vs. VUN.TO

Last updated Jun 25, 2026

XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and VUN.TO (Vanguard U.S. Total Market Index ETF) are both Large Cap Blend Equities funds - XHD.TO tracks the Morningstar US Market TR CAD while VUN.TO tracks the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, XHD.TO returned 5.86%/yr vs 15.74%/yr for VUN.TO. At a 0.47 correlation, their price movements are largely independent. XHD.TO charges 0.33%/yr vs 0.17%/yr for VUN.TO.

Performance

XHD.TO vs. VUN.TO - 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 Vanguard U.S. Total Market Index ETF (VUN.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with XHD.TO having a 12.83% return and VUN.TO slightly lower at 12.60%. Over the past 10 years, XHD.TO has underperformed VUN.TO with an annualized return of 5.86%, while VUN.TO has yielded a comparatively higher 15.74% annualized return.

XHD.TO

1D
0.23%
1M
-1.67%
YTD
12.83%
6M
6.86%
1Y
6.26%
3Y*
8.23%
5Y*
6.02%
10Y*
5.86%

VUN.TO

1D
0.00%
1M
0.79%
YTD
12.60%
6M
11.57%
1Y
26.74%
3Y*
23.29%
5Y*
14.73%
10Y*
15.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XHD.TO vs. VUN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		12.83%-1.36%9.56%0.00%4.27%17.97%-9.44%18.01%-5.54%11.80%
VUN.TO
Vanguard U.S. Total Market Index ETF		12.60%11.43%33.76%23.00%-14.20%24.54%18.22%23.99%2.35%13.01%

Correlation

The correlation between XHD.TO and VUN.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.07

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

0.24

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 Aug 12, 2013

0.47

Over the past year, the correlation between XHD.TO and VUN.TO has dropped to 0.07 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

XHD.TO vs. VUN.TO - Sectors Allocation Comparison

Sectors
XHD.TO
VUN.TO

Consumer Defensive

25.1%
5.0%

Healthcare

23.1%
10.2%

Energy

20.7%
4.2%

Consumer Cyclical

9.5%
10.0%

Utilities

8.3%
2.5%

Communication Services

5.8%
9.7%

Financial Services

4.8%
12.5%

Industrials

3.6%
9.9%

Basic Materials

0.8%
2.2%

Technology

0.2%
31.5%

Real Estate

-

2.5%

Consumer Defensive

XHD.TO
25.1%
VUN.TO
5.0%

Healthcare

XHD.TO
23.1%
VUN.TO
10.2%

Energy

XHD.TO
20.7%
VUN.TO
4.2%

Consumer Cyclical

XHD.TO
9.5%
VUN.TO
10.0%

Utilities

XHD.TO
8.3%
VUN.TO
2.5%

Communication Services

XHD.TO
5.8%
VUN.TO
9.7%

Financial Services

XHD.TO
4.8%
VUN.TO
12.5%

Industrials

XHD.TO
3.6%
VUN.TO
9.9%

Basic Materials

XHD.TO
0.8%
VUN.TO
2.2%

Technology

XHD.TO
0.2%
VUN.TO
31.5%

Real Estate

XHD.TO

-

VUN.TO
2.5%

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)

Vanguard U.S. Total Market Index ETF

Often compared with XHD.TO:
XHD.TO vs. SCHDXHD.TO vs. XDIV.TOXHD.TO vs. VDY.TOXHD.TO vs. XEQT.TOXHD.TO vs. XDGH.TOXHD.TO vs. XDU.TOXHD.TO vs. HDIVX
Often compared with VUN.TO:
VUN.TO vs. XUU.TOVUN.TO vs. VCN.TOVUN.TO vs. VOOVUN.TO vs. VTIVUN.TO vs. VEQT.TOVUN.TO vs. TPU.TOVUN.TO vs. VFV.TO

Return for Risk

XHD.TO vs. VUN.TO — 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: 1616
Overall Rank
XHD.TO Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
XHD.TO Sortino Ratio Rank: 1313
Sortino Ratio Rank
XHD.TO Omega Ratio Rank: 1717
Omega Ratio Rank
XHD.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
XHD.TO Martin Ratio Rank: 1919
Martin Ratio Rank
VUN.TO
VUN.TO Risk / Return Rank: 7373
Overall Rank
VUN.TO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VUN.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
VUN.TO Omega Ratio Rank: 7575
Omega Ratio Rank
VUN.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
VUN.TO Martin Ratio Rank: 7070
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. VUN.TO - 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 Vanguard U.S. Total Market Index ETF (VUN.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.

XHD.TOVUN.TODifference
Sharpe ratioReturn per unit of total volatility
0.39
2.16

-1.76

Sortino ratioReturn per unit of downside risk
0.58
2.97

-2.39

Omega ratioGain probability vs. loss probability

1.11

1.39

-0.29

Calmar ratioReturn relative to maximum drawdown

0.56

3.15

-2.60

Martin ratioReturn relative to average drawdown

1.94

11.67

-9.72

XHD.TO vs. VUN.TO - Sharpe Ratio Comparison

The current XHD.TO Sharpe Ratio is 0.39, which is lower than the VUN.TO Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of XHD.TO and VUN.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

XHD.TO vs. VUN.TO - Drawdown Comparison

The maximum XHD.TO drawdown since its inception was -38.71%, which is greater than VUN.TO's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for XHD.TO and VUN.TO.

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Drawdown Indicators

XHD.TOVUN.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.71%

-28.19%

-10.52%

Max Drawdown (1Y)

Largest decline over 1 year

-11.29%

-8.51%

-2.78%

Max Drawdown (3Y)

Largest decline over 3 years

-12.74%

-19.88%

+7.14%

Max Drawdown (5Y)

Largest decline over 5 years

-16.37%

-23.67%

+7.30%

Max Drawdown (10Y)

Largest decline over 10 years

-38.71%

-28.19%

-10.52%

Current Drawdown

Current decline from peak

-1.67%

-1.60%

-0.07%

Average Drawdown

Average peak-to-trough decline

-3.95%

-3.80%

-0.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

2.30%

+0.93%

Volatility

XHD.TO vs. VUN.TO - Volatility Comparison

The current volatility for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) is 3.20%, while Vanguard U.S. Total Market Index ETF (VUN.TO) has a volatility of 4.70%. This indicates that XHD.TO experiences smaller price fluctuations and is considered to be less risky than VUN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XHD.TOVUN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.20%

4.70%

-1.50%

Volatility (6M)

Calculated over the trailing 6-month period

14.98%

9.65%

+5.33%

Volatility (1Y)

Calculated over the trailing 1-year period

16.00%

12.50%

+3.50%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.67%

15.55%

-0.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.39%

16.75%

-0.36%

XHD.TO vs. VUN.TO - Expense Ratio Comparison

XHD.TO has a 0.33% expense ratio, which is higher than VUN.TO's 0.17% expense ratio.

Dividends

XHD.TO vs. VUN.TO - Dividend Comparison

XHD.TO's dividend yield for the trailing twelve months is around 2.42%, more than VUN.TO's 0.74% yield.

PositionTTM20252024202320222021202020192018201720162015
VUN.TO
Vanguard U.S. Total Market Index ETF		0.74%0.84%0.93%1.10%1.21%0.97%1.15%1.45%1.52%1.39%1.50%1.49%
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		2.42%2.74%3.06%3.16%2.75%2.87%3.51%2.51%2.87%2.41%2.54%3.07%

Frequently Asked Questions

XHD.TO and VUN.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VUN.TO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUN.TO is cheaper with a 0.17% expense ratio, compared with 0.33% for XHD.TO.

XHD.TO tracks Morningstar US Market TR CAD, while VUN.TO tracks CRSP US Total Market Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.33% for XHD.TO and 0.17% for VUN.TO.

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