XHD.TO vs. XVLU.TO
XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) and XVLU.TO (iShares MSCI USA Value Factor Index ETF) are both exchange-traded funds - XHD.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while XVLU.TO is a Large Cap Value Equities fund tracking the MSCI USA Enhanced Value Index. Both are passively managed. Over the past 5 years, XHD.TO returned 6.57%/yr vs 18.74%/yr for XVLU.TO. At a 0.46 correlation, their price movements are largely independent. XHD.TO charges 0.33%/yr vs 0.32%/yr for XVLU.TO.
Performance
XHD.TO vs. XVLU.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XHD.TO achieves a 12.05% return, which is significantly lower than XVLU.TO's 48.82% return.
XHD.TO
- 1D
- 0.10%
- 1M
- -0.05%
- YTD
- 12.05%
- 6M
- 6.40%
- 1Y
- 12.73%
- 3Y*
- 9.64%
- 5Y*
- 6.57%
- 10Y*
- 6.20%
XVLU.TO
- 1D
- -1.19%
- 1M
- 17.77%
- YTD
- 48.82%
- 6M
- 49.49%
- 1Y
- 91.40%
- 3Y*
- 34.66%
- 5Y*
- 18.74%
- 10Y*
- —
XHD.TO vs. XVLU.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) | 12.05% | 3.92% | 9.50% | -0.07% | 4.22% | 17.88% | -9.51% | 4.79% |
XVLU.TO iShares MSCI USA Value Factor Index ETF | 48.82% | 26.17% | 15.37% | 11.09% | -8.87% | 28.64% | -3.66% | 7.29% |
Correlation
The correlation between XHD.TO and XVLU.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019 | 0.46 |
The correlation between XHD.TO and XVLU.TO shifts across timeframes, from 0.26 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
XHD.TO vs. XVLU.TO - Sectors Allocation Comparison
Sectors
XHD.TO
XVLU.TO
Consumer Defensive
Energy
Healthcare
Financial Services
Utilities
Technology
Consumer Cyclical
Industrials
Basic Materials
Communication Services
Real Estate
-
Consumer Defensive
XHD.TO
XVLU.TO
Energy
XHD.TO
XVLU.TO
Healthcare
XHD.TO
XVLU.TO
Financial Services
XHD.TO
XVLU.TO
Utilities
XHD.TO
XVLU.TO
Technology
XHD.TO
XVLU.TO
Consumer Cyclical
XHD.TO
XVLU.TO
Industrials
XHD.TO
XVLU.TO
Basic Materials
XHD.TO
XVLU.TO
Communication Services
XHD.TO
XVLU.TO
Real Estate
XHD.TO
-
XVLU.TO
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Return for Risk
XHD.TO vs. XVLU.TO — Risk / Return Rank
XHD.TO
XVLU.TO
XHD.TO vs. XVLU.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 MSCI USA Value Factor Index ETF (XVLU.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 | XVLU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.18 | ||
| Sortino ratioReturn per unit of downside risk | -5.30 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.92 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 12.74 | -10.77 |
| Martin ratioReturn relative to average drawdown | 5.56 | 52.60 | -47.04 |
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 | XVLU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 5.32 | -4.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 1.18 | -0.67 |
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 | 0.92 | -0.39 |
Drawdowns
XHD.TO vs. XVLU.TO - Drawdown Comparison
The maximum XHD.TO drawdown since its inception was -38.71%, which is greater than XVLU.TO's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for XHD.TO and XVLU.TO.
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Drawdown Indicators
| XHD.TO | XVLU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.71% | -34.40% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -7.22% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.75% | -17.13% | +4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -20.16% | +3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -38.71% | — | — |
Current DrawdownCurrent decline from peak | -2.35% | -1.19% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -6.48% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 1.74% | +0.56% |
Volatility
XHD.TO vs. XVLU.TO - Volatility Comparison
The current volatility for iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) is 3.68%, while iShares MSCI USA Value Factor Index ETF (XVLU.TO) has a volatility of 7.41%. This indicates that XHD.TO experiences smaller price fluctuations and is considered to be less risky than XVLU.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 | XVLU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 7.41% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 14.14% | -4.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 17.30% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.03% | 15.95% | -2.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 18.82% | -3.29% |
XHD.TO vs. XVLU.TO - Expense Ratio Comparison
XHD.TO has a 0.33% expense ratio, which is higher than XVLU.TO's 0.32% expense ratio.
Dividends
XHD.TO vs. XVLU.TO - Dividend Comparison
XHD.TO's dividend yield for the trailing twelve months is around 2.38%, more than XVLU.TO's 1.13% 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% |
XVLU.TO iShares MSCI USA Value Factor Index ETF | 1.13% | 1.75% | 2.17% | 2.26% | 2.51% | 2.03% | 2.72% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XHD.TO and XVLU.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XVLU.TO is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XVLU.TO is cheaper with a 0.32% expense ratio, compared with 0.33% for XHD.TO.
XHD.TO is categorized as Large Cap Blend Equities, while XVLU.TO is Large Cap Value Equities. XHD.TO tracks Morningstar US Market TR CAD, while XVLU.TO tracks MSCI USA Enhanced Value Index. Their fees differ too: 0.33% for XHD.TO and 0.32% for XVLU.TO.
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