XHU.TO vs. DGRO

Last updated Jun 4, 2026

XHU.TO (iShares U.S. High Dividend Equity Index ETF) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - XHU.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, XHU.TO returned 7.63%/yr vs 14.12%/yr for DGRO. A 0.61 correlation means they provide meaningful diversification when combined. XHU.TO charges 0.34%/yr vs 0.08%/yr for DGRO.

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.

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 13.95% return, which is significantly higher than DGRO's 10.15% return. Over the past 10 years, XHU.TO has underperformed DGRO with an annualized return of 7.63%, while DGRO has yielded a comparatively higher 14.12% annualized return.

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%

DGRO

• 1D: 0.13%
• 1M: 5.20%
• YTD: 10.15%
• 6M: 8.33%
• 1Y: 24.12%
• 3Y*: 18.35%
• 5Y*: 13.70%
• 10Y*: 14.12%

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

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	13.95%	-0.28%	16.64%	-1.52%	12.37%	18.23%	-9.27%	13.08%	3.95%	5.12%
DGRO iShares Core Dividend Growth ETF	10.15%	10.39%	26.64%	8.03%	-1.35%	25.50%	7.65%	23.48%	5.90%	15.17%

Correlation

The correlation between XHU.TO and DGRO is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015	0.61

The correlation between XHU.TO and DGRO shifts across timeframes, from 0.55 (1 year) to 0.66 (10 years), reflecting how their relationship changes across market environments.

XHU.TO vs. DGRO - Sectors Allocation Comparison

Sectors	XHU.TO	DGRO
Consumer Defensive	24.1%	11.5%
Energy	21.2%	5.6%
Healthcare	16.8%	16.4%
Financial Services	10.8%	21.2%
Technology	9.0%	19.4%
Utilities	8.9%	6.9%
Consumer Cyclical	5.8%	5.7%
Industrials	2.0%	10.8%
Basic Materials	1.1%	2.5%
Communication Services	0.1%	0.1%
Real Estate	-	-

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: 32
XHU.TO Sharpe Ratio Rank: 32
XHU.TO Sortino Ratio Rank: 28
XHU.TO Omega Ratio Rank: 34
XHU.TO Calmar Ratio Rank: 32
XHU.TO Martin Ratio Rank: 35

DGRO

DGRO Risk / Return Rank: 71
DGRO Sharpe Ratio Rank: 71
DGRO Sortino Ratio Rank: 76
DGRO Omega Ratio Rank: 70
DGRO Calmar Ratio Rank: 69
DGRO Martin Ratio Rank: 71

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	1.17	2.50	-1.34
Sortino ratio: Return per unit of downside risk	1.54	3.59	-2.05
Omega ratio: Gain probability vs. loss probability	1.23	1.45	-0.22
Calmar ratio: Return relative to maximum drawdown	1.58	4.04	-2.47
Martin ratio: Return relative to average drawdown	5.48	16.09	-10.61
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 1.17, which is lower than the DGRO Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of XHU.TO and DGRO, 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

	XHU.TO	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.50	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	1.14	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.94	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.00	-0.45

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%	-29.01%	-0.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-5.99%	-2.74%
Max Drawdown (3Y) Largest decline over 3 years	-12.53%	-14.61%	+2.08%
Max Drawdown (5Y) Largest decline over 5 years	-12.53%	-15.75%	+3.22%
Max Drawdown (10Y) Largest decline over 10 years	-29.94%	-29.01%	-0.93%
Current Drawdown Current decline from peak	-1.84%	0.00%	-1.84%
Average Drawdown Average peak-to-trough decline	-3.73%	-2.82%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.50%	+1.01%

Volatility

XHU.TO vs. DGRO - Volatility Comparison

iShares U.S. High Dividend Equity Index ETF (XHU.TO) has a higher volatility of 3.53% compared to iShares Core Dividend Growth ETF (DGRO) at 2.29%. This indicates that XHU.TO's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. 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	3.53%	2.29%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	7.34%	+2.94%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	9.70%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.89%	12.03%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.38%	15.04%	-0.66%

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.

Dividends

XHU.TO vs. DGRO - Dividend Comparison

XHU.TO's dividend yield for the trailing twelve months is around 2.44%, more than DGRO's 1.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.96%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
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

Can I hold both XHU.TO and DGRO in my portfolio?

XHU.TO and DGRO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XHU.TO or DGRO?

On fees, DGRO 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, XHU.TO or DGRO?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.34% for XHU.TO.

What is the main difference between XHU.TO and DGRO?

XHU.TO is categorized as Large Cap Blend Equities, while DGRO is Large Cap Growth Equities. XHU.TO tracks Morningstar US Market TR CAD, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.34% for XHU.TO and 0.08% for DGRO.