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XHU.TO vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XHU.TO vs. DGRO

Last updated Jun 25, 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 6.86%/yr vs 14.80%/yr for DGRO. At a 0.41 correlation, their price movements are largely independent. 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.

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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 10.26% return, which is significantly lower than DGRO's 13.48% return. Over the past 10 years, XHU.TO has underperformed DGRO with an annualized return of 6.86%, while DGRO has yielded a comparatively higher 14.80% annualized return.

XHU.TO

1D
0.38%
1M
1.25%
YTD
10.26%
6M
10.58%
1Y
9.53%
3Y*
10.63%
5Y*
9.28%
10Y*
6.86%

DGRO

1D
0.52%
1M
4.14%
YTD
13.48%
6M
12.33%
1Y
25.76%
3Y*
20.06%
5Y*
14.09%
10Y*
14.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XHU.TO vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XHU.TO
iShares U.S. High Dividend Equity Index ETF		10.26%-0.30%16.81%-1.38%7.44%23.97%-9.13%13.17%2.81%5.22%
DGRO
iShares Core Dividend Growth ETF		13.48%10.41%26.49%7.84%-2.07%26.58%6.90%24.51%5.83%14.67%

Correlation

The correlation between XHU.TO and DGRO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.45

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (10Y)
Calculated over the trailing 10-year period

0.42

Correlation (All Time)
Calculated using the full available price history since Feb 17, 2015

0.41

XHU.TO vs. DGRO - Sectors Allocation Comparison

Sectors
XHU.TO
DGRO

Consumer Defensive

24.4%
11.1%

Healthcare

22.5%
16.5%

Energy

20.2%
5.1%

Consumer Cyclical

9.2%
5.4%

Utilities

8.1%
6.4%

Communication Services

5.7%
0.1%

Financial Services

4.7%
20.6%

Industrials

3.5%
10.4%

Basic Materials

0.8%
2.4%

Technology

0.2%
22.0%

Real Estate

-

-

Consumer Defensive

XHU.TO
24.4%
DGRO
11.1%

Healthcare

XHU.TO
22.5%
DGRO
16.5%

Energy

XHU.TO
20.2%
DGRO
5.1%

Consumer Cyclical

XHU.TO
9.2%
DGRO
5.4%

Utilities

XHU.TO
8.1%
DGRO
6.4%

Communication Services

XHU.TO
5.7%
DGRO
0.1%

Financial Services

XHU.TO
4.7%
DGRO
20.6%

Industrials

XHU.TO
3.5%
DGRO
10.4%

Basic Materials

XHU.TO
0.8%
DGRO
2.4%

Technology

XHU.TO
0.2%
DGRO
22.0%

Real Estate

XHU.TO

-

DGRO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. High Dividend Equity Index ETF

iShares Core Dividend Growth ETF

Often compared with XHU.TO:
XHU.TO vs. CUD.TOXHU.TO vs. SCHDXHU.TO vs. VDY.TOXHU.TO vs. XEI.TOXHU.TO vs. XEQT.TOXHU.TO vs. XUS.TOXHU.TO vs. XLY
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

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: 1919
Overall Rank
XHU.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
XHU.TO Sortino Ratio Rank: 1717
Sortino Ratio Rank
XHU.TO Omega Ratio Rank: 2323
Omega Ratio Rank
XHU.TO Calmar Ratio Rank: 1717
Calmar Ratio Rank
XHU.TO Martin Ratio Rank: 2121
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7878
Overall Rank
DGRO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 8383
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7878
Omega Ratio Rank
DGRO Calmar Ratio Rank: 7373
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7676
Martin Ratio Rank
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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XHU.TODGRODifference
Sharpe ratioReturn per unit of total volatility
0.58
2.52

-1.94

Sortino ratioReturn per unit of downside risk
0.83
3.67

-2.84

Omega ratioGain probability vs. loss probability

1.15

1.45

-0.30

Calmar ratioReturn relative to maximum drawdown

0.68

4.20

-3.52

Martin ratioReturn relative to average drawdown

2.26

15.62

-13.36

XHU.TO vs. DGRO - Sharpe Ratio Comparison

The current XHU.TO Sharpe Ratio is 0.58, which is lower than the DGRO Sharpe Ratio of 2.52. 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.

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Drawdowns

XHU.TO vs. DGRO - Drawdown Comparison

The maximum XHU.TO drawdown since its inception was -32.53%, which is greater than DGRO's maximum drawdown of -29.39%. Use the drawdown chart below to compare losses from any high point for XHU.TO and DGRO.

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Drawdown Indicators

XHU.TODGRODifference

Max Drawdown

Largest peak-to-trough decline

-32.53%

-29.39%

-3.14%

Max Drawdown (1Y)

Largest decline over 1 year

-14.16%

-6.16%

-8.00%

Max Drawdown (3Y)

Largest decline over 3 years

-15.05%

-15.15%

+0.10%

Max Drawdown (5Y)

Largest decline over 5 years

-15.05%

-16.54%

+1.49%

Max Drawdown (10Y)

Largest decline over 10 years

-32.53%

-29.39%

-3.14%

Current Drawdown

Current decline from peak

-0.42%

0.00%

-0.42%

Average Drawdown

Average peak-to-trough decline

-5.88%

-3.05%

-2.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.23%

1.65%

+2.58%

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 2.83% and 2.75%, 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.

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Volatility by Period

XHU.TODGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.83%

2.75%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

15.53%

7.82%

+7.71%

Volatility (1Y)

Calculated over the trailing 1-year period

16.51%

10.27%

+6.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.24%

15.02%

+4.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

28.31%

17.73%

+10.58%

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 2.45%, more than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
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		2.45%2.74%2.84%3.00%2.75%2.60%3.33%2.36%2.66%2.37%2.49%2.41%

Frequently Asked Questions

XHU.TO and DGRO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

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

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.

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