XHD.TO vs. XUU-U.TO

Last updated Jun 4, 2026

XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and XUU-U.TO (iShares Core S&P U.S. Total Market Index ETF) are both Large Cap Blend Equities funds from iShares - XHD.TO tracks the Morningstar US Market TR CAD while XUU-U.TO tracks the S&P Total Market Index. Both are passively managed. Over the past 5 years, XHD.TO returned 6.55%/yr vs 15.74%/yr for XUU-U.TO. At a 0.00 correlation, their price movements are largely independent. XHD.TO charges 0.33%/yr vs 0.08%/yr for XUU-U.TO.

Performance

XHD.TO vs. XUU-U.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 iShares Core S&P U.S. Total Market Index ETF (XUU-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XHD.TO is traded in CAD, while XUU-U.TO is traded in USD. To make them comparable, the XUU-U.TO 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 XUU-U.TO's 12.58% 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%

XUU-U.TO

• 1D: 0.03%
• 1M: 7.44%
• YTD: 12.58%
• 6M: 10.92%
• 1Y: 29.83%
• 3Y*: 22.81%
• 5Y*: 15.74%
• 10Y*: —

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

XHD.TO vs. XUU-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	4.05%
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	12.58%	11.00%	33.03%	23.73%	-14.72%	26.98%	16.71%	6.48%

Correlation

The correlation between XHD.TO and XUU-U.TO is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019	0.00

Return for Risk

XHD.TO vs. XUU-U.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: 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

XUU-U.TO

XUU-U.TO Risk / Return Rank: 72
XUU-U.TO Sharpe Ratio Rank: 71
XUU-U.TO Sortino Ratio Rank: 69
XUU-U.TO Omega Ratio Rank: 81
XUU-U.TO Calmar Ratio Rank: 64
XUU-U.TO Martin Ratio Rank: 77

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. XUU-U.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 Core S&P U.S. Total Market Index ETF (XUU-U.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	XUU-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.51	-1.47
Sortino ratio: Return per unit of downside risk	1.45	3.34	-1.90
Omega ratio: Gain probability vs. loss probability	1.20	1.49	-0.29
Calmar ratio: Return relative to maximum drawdown	1.80	3.49	-1.69
Martin ratio: Return relative to average drawdown	5.11	13.31	-8.20
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. XUU-U.TO - Sharpe Ratio Comparison

The current XHD.TO Sharpe Ratio is 1.04, which is lower than the XUU-U.TO Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of XHD.TO and XUU-U.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.

Sharpe Ratios by Period

	XHD.TO	XUU-U.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	2.51	-1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.97	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.96	-0.44

Drawdowns

XHD.TO vs. XUU-U.TO - Drawdown Comparison

The maximum XHD.TO drawdown since its inception was -38.71%, which is greater than XUU-U.TO's maximum drawdown of -24.77%. Use the drawdown chart below to compare losses from any high point for XHD.TO and XUU-U.TO.

Drawdown Indicators

	XHD.TO	XUU-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.71%	-24.77%	-13.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.51%	-8.58%	+2.07%
Max Drawdown (3Y) Largest decline over 3 years	-12.75%	-20.06%	+7.31%
Max Drawdown (5Y) Largest decline over 5 years	-16.38%	-22.68%	+6.30%
Max Drawdown (10Y) Largest decline over 10 years	-38.71%	—	—
Current Drawdown Current decline from peak	-2.45%	0.00%	-2.45%
Average Drawdown Average peak-to-trough decline	-3.93%	-4.88%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.25%	+0.04%

Volatility

XHD.TO vs. XUU-U.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 Core S&P U.S. Total Market Index ETF (XUU-U.TO) at 2.86%. This indicates that XHD.TO's price experiences larger fluctuations and is considered to be riskier than XUU-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHD.TO	XUU-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	2.86%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	9.19%	+0.21%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	11.93%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.03%	16.25%	-3.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.53%	17.36%	-1.83%

XHD.TO vs. XUU-U.TO - Expense Ratio Comparison

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

Dividends

XHD.TO vs. XUU-U.TO - Dividend Comparison

XHD.TO's dividend yield for the trailing twelve months is around 2.38%, more than XUU-U.TO's 0.74% 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%
XUU-U.TO iShares Core S&P U.S. Total Market Index ETF	0.74%	0.83%	0.76%	0.85%	1.01%	0.77%	0.90%	0.38%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XHD.TO and XUU-U.TO in my portfolio?

XHD.TO and XUU-U.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XHD.TO or XUU-U.TO?

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

Which ETF is cheaper, XHD.TO or XUU-U.TO?

XUU-U.TO is cheaper with a 0.08% expense ratio, compared with 0.33% for XHD.TO.

What is the main difference between XHD.TO and XUU-U.TO?

XHD.TO tracks Morningstar US Market TR CAD, while XUU-U.TO tracks S&P Total Market Index. Their fees differ too: 0.33% for XHD.TO and 0.08% for XUU-U.TO.