XHU.TO vs. DGRO

Last updated Apr 2, 2026

Compare and contrast key facts about iShares U.S. High Dividend Equity Index ETF (XHU.TO) and iShares Core Dividend Growth ETF (DGRO).

XHU.TO and DGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XHU.TO is a passively managed fund by iShares that tracks the performance of the Morningstar US Market TR CAD. It was launched on Feb 10, 2015. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both XHU.TO and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XHU.TO vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares U.S. High Dividend Equity Index ETF (XHU.TO) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

XHU.TO vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XHU.TO iShares U.S. High Dividend Equity Index ETF	11.75%	-0.28%	16.64%	-1.52%	12.37%	18.23%	-9.27%	13.08%	3.95%	5.12%
DGRO iShares Core Dividend Growth ETF	2.89%	10.39%	26.64%	8.03%	-1.35%	25.50%	7.65%	23.48%	5.90%	15.17%

Different Trading Currencies

XHU.TO is traded in CAD, while DGRO is traded in USD. To make them comparable, the DGRO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XHU.TO achieves a 11.75% return, which is significantly higher than DGRO's 2.89% return. Over the past 10 years, XHU.TO has underperformed DGRO with an annualized return of 7.75%, while DGRO has yielded a comparatively higher 13.55% annualized return.

XHU.TO

• 1D: -1.43%
• 1M: -2.24%
• YTD: 11.75%
• 6M: 3.16%
• 1Y: 3.71%
• 3Y*: 9.28%
• 5Y*: 9.54%
• 10Y*: 7.75%

DGRO

• 1D: -0.11%
• 1M: -2.90%
• YTD: 2.89%
• 6M: 3.59%
• 1Y: 13.13%
• 3Y*: 15.67%
• 5Y*: 12.41%
• 10Y*: 13.55%

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

XHU.TO vs. DGRO - Expense Ratio Comparison

XHU.TO has a 0.34% expense ratio, which is higher than DGRO's 0.08% expense ratio.

XHU.TO

iShares U.S. High Dividend Equity Index ETF

DGRO

iShares Core Dividend Growth ETF

Return for Risk

XHU.TO vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHU.TO

XHU.TO Risk / Return Rank: 17
XHU.TO Sharpe Ratio Rank: 18
XHU.TO Sortino Ratio Rank: 16
XHU.TO Omega Ratio Rank: 18
XHU.TO Calmar Ratio Rank: 17
XHU.TO Martin Ratio Rank: 15

DGRO

DGRO Risk / Return Rank: 63
DGRO Sharpe Ratio Rank: 63
DGRO Sortino Ratio Rank: 63
DGRO Omega Ratio Rank: 66
DGRO Calmar Ratio Rank: 56
DGRO Martin Ratio Rank: 65

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.

XHU.TO vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Dividend Equity Index ETF (XHU.TO) and iShares Core Dividend Growth ETF (DGRO). 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.

	XHU.TO	DGRO	Difference
Sharpe ratio Return per unit of total volatility	0.26	0.91	-0.66
Sortino ratio Return per unit of downside risk	0.41	1.29	-0.89
Omega ratio Gain probability vs. loss probability	1.06	1.20	-0.13
Calmar ratio Return relative to maximum drawdown	0.24	1.13	-0.90
Martin ratio Return relative to average drawdown	0.54	4.18	-3.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHU.TO vs. DGRO - Sharpe Ratio Comparison

The current XHU.TO Sharpe Ratio is 0.26, which is lower than the DGRO Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of XHU.TO and DGRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XHU.TO	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	0.91	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	1.03	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.90	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.96	-0.42

Correlation

The correlation between XHU.TO and DGRO is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XHU.TO vs. DGRO - Dividend Comparison

XHU.TO's dividend yield for the trailing twelve months is around 2.46%, more than DGRO's 2.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XHU.TO iShares U.S. High Dividend Equity Index ETF	2.46%	2.75%	2.72%	2.86%	2.63%	2.60%	3.18%	2.25%	2.52%	2.27%	2.38%	2.30%
DGRO iShares Core Dividend Growth ETF	2.10%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%

Drawdowns

XHU.TO vs. DGRO - Drawdown Comparison

The maximum XHU.TO drawdown since its inception was -29.94%, roughly equal to the maximum DGRO drawdown of -29.01%. Use the drawdown chart below to compare losses from any high point for XHU.TO and DGRO.

Drawdown Indicators

	XHU.TO	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-29.94%	-35.10%	+5.16%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-10.92%	+0.42%
Max Drawdown (5Y) Largest decline over 5 years	-12.53%	-19.31%	+6.78%
Max Drawdown (10Y) Largest decline over 10 years	-29.94%	-35.10%	+5.16%
Current Drawdown Current decline from peak	-2.24%	-4.70%	+2.46%
Average Drawdown Average peak-to-trough decline	-3.75%	-3.48%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	2.37%	+2.30%

Volatility

XHU.TO vs. DGRO - Volatility Comparison

iShares U.S. High Dividend Equity Index ETF (XHU.TO) and iShares Core Dividend Growth ETF (DGRO) have volatilities of 3.76% and 3.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHU.TO	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	3.73%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	7.64%	+2.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	14.46%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.87%	12.06%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.36%	15.05%	-0.69%