XHD.TO vs. XHU.TO
XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and XHU.TO (iShares U.S. High Dividend Equity Index ETF) are both Large Cap Blend Equities funds from iShares tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, XHD.TO returned 6.22%/yr vs 7.63%/yr for XHU.TO. A 0.64 correlation means they provide meaningful diversification when combined. XHD.TO charges 0.33%/yr vs 0.34%/yr for XHU.TO.
Performance
XHD.TO vs. XHU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XHD.TO achieves a 11.94% return, which is significantly lower than XHU.TO's 13.95% return. Over the past 10 years, XHD.TO has underperformed XHU.TO with an annualized return of 6.22%, while XHU.TO has yielded a comparatively higher 7.63% 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%
XHU.TO
- 1D
- 1.05%
- 1M
- 2.71%
- YTD
- 13.95%
- 6M
- 4.75%
- 1Y
- 13.69%
- 3Y*
- 11.06%
- 5Y*
- 9.96%
- 10Y*
- 7.63%
XHD.TO vs. XHU.TO - 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% |
XHU.TO iShares U.S. High Dividend Equity Index ETF | 13.95% | -0.28% | 16.64% | -1.52% | 12.37% | 18.23% | -9.27% | 13.08% | 3.95% | 5.12% |
Correlation
The correlation between XHD.TO and XHU.TO is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.64 |
The correlation between XHD.TO and XHU.TO shifts across timeframes, from 0.64 (all time) to 0.81 (3 years), reflecting how their relationship changes across market environments.
XHD.TO vs. XHU.TO - Sectors Allocation Comparison
Sectors
XHD.TO
XHU.TO
Consumer Defensive
Energy
Healthcare
Financial Services
Utilities
Technology
Consumer Cyclical
Industrials
Basic Materials
Communication Services
Real Estate
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Consumer Defensive
XHD.TO
XHU.TO
Energy
XHD.TO
XHU.TO
Healthcare
XHD.TO
XHU.TO
Financial Services
XHD.TO
XHU.TO
Utilities
XHD.TO
XHU.TO
Technology
XHD.TO
XHU.TO
Consumer Cyclical
XHD.TO
XHU.TO
Industrials
XHD.TO
XHU.TO
Basic Materials
XHD.TO
XHU.TO
Communication Services
XHD.TO
XHU.TO
Real Estate
XHD.TO
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XHU.TO
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Return for Risk
XHD.TO vs. XHU.TO — Risk / Return Rank
XHD.TO
XHU.TO
XHD.TO vs. XHU.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 iShares U.S. High Dividend Equity Index ETF (XHU.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.
| XHD.TO | XHU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 1.58 | +0.23 |
| Martin ratioReturn relative to average drawdown | 5.11 | 5.48 | -0.37 |
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
| XHD.TO | XHU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.17 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.84 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.53 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.55 | -0.02 |
Drawdowns
XHD.TO vs. XHU.TO - Drawdown Comparison
The maximum XHD.TO drawdown since its inception was -38.71%, which is greater than XHU.TO's maximum drawdown of -29.94%. Use the drawdown chart below to compare losses from any high point for XHD.TO and XHU.TO.
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Drawdown Indicators
| XHD.TO | XHU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -29.94% | -8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -8.73% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.75% | -12.53% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -12.53% | -3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | -29.94% | -8.77% |
Current DrawdownCurrent decline from peak | -2.45% | -1.84% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -3.73% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 2.51% | -0.22% |
Volatility
XHD.TO vs. XHU.TO - Volatility Comparison
iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) has a higher volatility of 3.78% compared to iShares U.S. High Dividend Equity Index ETF (XHU.TO) at 3.53%. This indicates that XHD.TO's price experiences larger fluctuations and is considered to be riskier than XHU.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.TO | XHU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.53% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.40% | 10.28% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 11.79% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 11.89% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 14.38% | +1.15% |
XHD.TO vs. XHU.TO - Expense Ratio Comparison
XHD.TO has a 0.33% expense ratio, which is lower than XHU.TO's 0.34% expense ratio.
Dividends
XHD.TO vs. XHU.TO - Dividend Comparison
XHD.TO's dividend yield for the trailing twelve months is around 2.38%, less than XHU.TO's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XHU.TO iShares U.S. High Dividend Equity Index ETF | 2.44% | 2.75% | 2.72% | 2.86% | 2.63% | 2.60% | 3.18% | 2.25% | 2.52% | 2.27% | 2.38% | 2.30% |
Frequently Asked Questions
XHD.TO and XHU.TO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHD.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHD.TO is cheaper with a 0.33% expense ratio, compared with 0.34% for XHU.TO.
Both ETFs track Morningstar US Market TR CAD. Their fees differ too: 0.33% for XHD.TO and 0.34% for XHU.TO.
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