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

XHD.TO vs. XDIV

Last updated Jul 17, 2026
Documentation

XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and XDIV (Roundhill S&P 500 No Dividend Target ETF) are both exchange-traded funds - XHD.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while XDIV is a S&P 500 fund actively managed by Roundhill. XHD.TO is passively managed, while XDIV is actively managed. Over the past year, XHD.TO returned 7.91% vs 24.37% for XDIV. At a 0.02 correlation, their price movements are largely independent. XHD.TO charges 0.33%/yr vs 0.08%/yr for XDIV.

Performance

XHD.TO vs. XDIV - 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 Roundhill S&P 500 No Dividend Target ETF (XDIV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XHD.TO is traded in CAD, while XDIV is traded in USD. To make them comparable, the XDIV 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 16.68% return, which is significantly higher than XDIV's 12.99% return.

XHD.TO

1D
2.71%
1M
3.41%
6M
11.97%
YTD
16.68%
1Y
7.91%
3Y*
9.12%
5Y*
6.85%
10Y*
5.67%

XDIV

1D
-0.60%
1M
0.50%
6M
9.86%
YTD
12.99%
1Y
24.37%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XHD.TO vs. XDIV - Yearly Performance Comparison

2026 (YTD)2025
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		16.68%-7.76%
XDIV
Roundhill S&P 500 No Dividend Target ETF		12.99%10.16%

Correlation

The correlation between XHD.TO and XDIV is 0.01, 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

0.01

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2025

0.02

XHD.TO vs. XDIV - Sectors Allocation Comparison

Sectors
XHD.TO
XDIV

Consumer Defensive

24.5%
4.5%

Healthcare

23.7%
8.3%

Energy

19.6%
3.1%

Consumer Cyclical

9.2%
9.9%

Utilities

8.2%
2.1%

Communication Services

5.2%
10.6%

Financial Services

4.8%
11.1%

Industrials

3.6%
7.8%

Basic Materials

0.8%
1.7%

Technology

0.2%
39.0%

Real Estate

-

1.8%

Consumer Defensive

XHD.TO
24.5%
XDIV
4.5%

Healthcare

XHD.TO
23.7%
XDIV
8.3%

Energy

XHD.TO
19.6%
XDIV
3.1%

Consumer Cyclical

XHD.TO
9.2%
XDIV
9.9%

Utilities

XHD.TO
8.2%
XDIV
2.1%

Communication Services

XHD.TO
5.2%
XDIV
10.6%

Financial Services

XHD.TO
4.8%
XDIV
11.1%

Industrials

XHD.TO
3.6%
XDIV
7.8%

Basic Materials

XHD.TO
0.8%
XDIV
1.7%

Technology

XHD.TO
0.2%
XDIV
39.0%

Real Estate

XHD.TO

-

XDIV
1.8%

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)

Roundhill S&P 500 No Dividend Target ETF

Often compared with XHD.TO:
XHD.TO vs. SCHDXHD.TO vs. VDY.TOXHD.TO vs. XDIV.TOXHD.TO vs. XEQT.TOXHD.TO vs. XDGH.TOXHD.TO vs. XDU.TOXHD.TO vs. HDIVX
Often compared with XDIV:
XDIV vs. XIC.TOXDIV vs. VOOXDIV vs. VDY.TOXDIV vs. SPYXDIV vs. XEQT.TOXDIV vs. XEI.TOXDIV vs. BOXX

Return for Risk

XHD.TO vs. XDIV — 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: 2020
Overall Rank
XHD.TO Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
XHD.TO Sortino Ratio Rank: 1616
Sortino Ratio Rank
XHD.TO Omega Ratio Rank: 2121
Omega Ratio Rank
XHD.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
XHD.TO Martin Ratio Rank: 2424
Martin Ratio Rank
XDIV
XDIV Risk / Return Rank: 6565
Overall Rank
XDIV Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
XDIV Sortino Ratio Rank: 6464
Sortino Ratio Rank
XDIV Omega Ratio Rank: 6464
Omega Ratio Rank
XDIV Calmar Ratio Rank: 5959
Calmar Ratio Rank
XDIV Martin Ratio Rank: 7272
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. XDIV - 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 Roundhill S&P 500 No Dividend Target ETF (XDIV). 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.TOXDIVDifference
Sharpe ratioReturn per unit of total volatility
0.48
1.87

-1.39

Sortino ratioReturn per unit of downside risk
0.70
2.64

-1.94

Omega ratioGain probability vs. loss probability

1.12

1.33

-0.20

Calmar ratioReturn relative to maximum drawdown

0.70

2.66

-1.96

Martin ratioReturn relative to average drawdown

2.45

10.00

-7.54

XHD.TO vs. XDIV - Sharpe Ratio Comparison

The current XHD.TO Sharpe Ratio is 0.48, which is lower than the XDIV Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of XHD.TO and XDIV, 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. XDIV - Drawdown Comparison

The maximum XHD.TO drawdown since its inception was -38.71%, which is greater than XDIV's maximum drawdown of -9.19%. Use the drawdown chart below to compare losses from any high point for XHD.TO and XDIV.

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Drawdown Indicators

XHD.TOXDIVDifference

Max Drawdown

Largest peak-to-trough decline

-38.71%

-9.19%

-29.52%

Max Drawdown (1Y)

Largest decline over 1 year

-11.29%

-9.19%

-2.10%

Max Drawdown (3Y)

Largest decline over 3 years

-12.74%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-16.37%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.71%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.37%

+1.37%

Average Drawdown

Average peak-to-trough decline

-3.94%

-1.52%

-2.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

2.44%

+0.79%

Volatility

XHD.TO vs. XDIV - Volatility Comparison

iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) has a higher volatility of 5.00% compared to Roundhill S&P 500 No Dividend Target ETF (XDIV) at 3.55%. This indicates that XHD.TO's price experiences larger fluctuations and is considered to be riskier than XDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XHD.TOXDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.00%

3.55%

+1.45%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

10.59%

-1.97%

Volatility (1Y)

Calculated over the trailing 1-year period

16.40%

13.08%

+3.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.70%

12.99%

+1.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.42%

12.99%

+3.43%

XHD.TO vs. XDIV - Expense Ratio Comparison

XHD.TO has a 0.33% expense ratio, which is higher than XDIV's 0.08% expense ratio.

Dividends

XHD.TO vs. XDIV - Dividend Comparison

XHD.TO's dividend yield for the trailing twelve months is around 2.35%, while XDIV has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
XDIV
Roundhill S&P 500 No Dividend Target ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XHD.TO
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)		2.35%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 XDIV have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV is cheaper with a 0.08% expense ratio, compared with 0.33% for XHD.TO.

XHD.TO is categorized as Large Cap Blend Equities, while XDIV is S&P 500. They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.33% for XHD.TO and 0.08% for XDIV.

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