XHU.TO vs. DXU.TO

Last updated Jul 18, 2026

XHU.TO (iShares U.S. High Dividend Equity Index ETF) and DXU.TO (Dynamic Active U.S. Dividend ETF) are both exchange-traded funds - XHU.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while DXU.TO is a Dividend fund actively managed by Dynamic. XHU.TO is passively managed, while DXU.TO is actively managed. Over the past 5 years, XHU.TO returned 9.20%/yr vs 13.24%/yr for DXU.TO. At a 0.25 correlation, their price movements are largely independent. XHU.TO charges 0.34%/yr vs 0.75%/yr for DXU.TO.

Performance

XHU.TO vs. DXU.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 (XHU.TO) and Dynamic Active U.S. Dividend ETF (DXU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHU.TO achieves a 12.26% return, which is significantly lower than DXU.TO's 21.62% return.

XHU.TO

• 1D: -0.71%
• 1M: 3.56%
• 6M: 13.23%
• YTD: 12.26%
• 1Y: 8.60%
• 3Y*: 10.63%
• 5Y*: 9.20%
• 10Y*: 6.97%

DXU.TO

• 1D: -0.71%
• 1M: -4.12%
• 6M: 16.71%
• YTD: 21.62%
• 1Y: 25.95%
• 3Y*: 24.33%
• 5Y*: 13.24%
• 10Y*: —

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

XHU.TO vs. DXU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XHU.TO iShares U.S. High Dividend Equity Index ETF	12.26%	-0.30%	16.81%	-1.38%	7.44%	23.97%	-9.13%	13.17%	2.81%	5.85%
DXU.TO Dynamic Active U.S. Dividend ETF	21.62%	9.36%	38.05%	9.43%	-14.91%	14.93%	24.17%	17.48%	12.64%	8.14%

Correlation

The correlation between XHU.TO and DXU.TO is -0.01, 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	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Oct 3, 2017	0.25

The correlation between XHU.TO and DXU.TO shifts across timeframes, from -0.01 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

XHU.TO vs. DXU.TO - Sectors Allocation Comparison

Sectors	XHU.TO	DXU.TO
Consumer Defensive	24.2%	-
Energy	21.0%	6.5%
Healthcare	17.0%	13.7%
Financial Services	10.8%	3.1%
Technology	9.7%	22.5%
Utilities	8.9%	10.2%
Consumer Cyclical	6.0%	7.1%
Communication Services	5.7%	2.2%
Industrials	1.3%	34.8%
Basic Materials	1.1%	6.5%
Real Estate	-	-

Return for Risk

XHU.TO vs. DXU.TO — 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: 20
XHU.TO Sharpe Ratio Rank: 19
XHU.TO Sortino Ratio Rank: 17
XHU.TO Omega Ratio Rank: 22
XHU.TO Calmar Ratio Rank: 19
XHU.TO Martin Ratio Rank: 22

DXU.TO

DXU.TO Risk / Return Rank: 56
DXU.TO Sharpe Ratio Rank: 49
DXU.TO Sortino Ratio Rank: 46
DXU.TO Omega Ratio Rank: 51
DXU.TO Calmar Ratio Rank: 75
DXU.TO Martin Ratio Rank: 62

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. DXU.TO - 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 Dynamic Active U.S. Dividend ETF (DXU.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.

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.TO	DXU.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.51	1.31	-0.81
Sortino ratio: Return per unit of downside risk	0.75	1.81	-1.05
Omega ratio: Gain probability vs. loss probability	1.13	1.25	-0.12
Calmar ratio: Return relative to maximum drawdown	0.61	2.85	-2.24
Martin ratio: Return relative to average drawdown	2.03	8.13	-6.10

XHU.TO vs. DXU.TO - Sharpe Ratio Comparison

The current XHU.TO Sharpe Ratio is 0.51, which is lower than the DXU.TO Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of XHU.TO and DXU.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.

Drawdowns

XHU.TO vs. DXU.TO - Drawdown Comparison

The maximum XHU.TO drawdown since its inception was -32.53%, which is greater than DXU.TO's maximum drawdown of -29.23%. Use the drawdown chart below to compare losses from any high point for XHU.TO and DXU.TO.

Drawdown Indicators

	XHU.TO	DXU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-32.53%	-29.23%	-3.30%
Max Drawdown (1Y) Largest decline over 1 year	-14.16%	-9.15%	-5.01%
Max Drawdown (3Y) Largest decline over 3 years	-15.05%	-23.80%	+8.75%
Max Drawdown (5Y) Largest decline over 5 years	-15.05%	-24.83%	+9.78%
Max Drawdown (10Y) Largest decline over 10 years	-32.53%	—	—
Current Drawdown Current decline from peak	-0.76%	-6.60%	+5.84%
Average Drawdown Average peak-to-trough decline	-5.85%	-6.63%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	3.20%	+1.04%

Volatility

XHU.TO vs. DXU.TO - Volatility Comparison

The current volatility for iShares U.S. High Dividend Equity Index ETF (XHU.TO) is 5.02%, while Dynamic Active U.S. Dividend ETF (DXU.TO) has a volatility of 5.32%. This indicates that XHU.TO experiences smaller price fluctuations and is considered to be less risky than DXU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHU.TO	DXU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	5.32%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	8.77%	16.03%	-7.26%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	19.88%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.35%	18.58%	+0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.11%	19.67%	+8.44%

XHU.TO vs. DXU.TO - Expense Ratio Comparison

XHU.TO has a 0.34% expense ratio, which is lower than DXU.TO's 0.75% expense ratio.

Dividends

XHU.TO vs. DXU.TO - Dividend Comparison

XHU.TO's dividend yield for the trailing twelve months is around 2.40%, while DXU.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DXU.TO Dynamic Active U.S. Dividend ETF	0.00%	0.00%	0.00%	0.00%	0.22%	0.00%	0.00%	0.00%	0.00%	0.11%	0.00%	0.00%
XHU.TO iShares U.S. High Dividend Equity Index ETF	2.40%	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

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

XHU.TO and DXU.TO have a correlation of -0.01, 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 DXU.TO?

On fees, XHU.TO is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XHU.TO or DXU.TO?

XHU.TO is cheaper with a 0.34% expense ratio, compared with 0.75% for DXU.TO.

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

XHU.TO is categorized as Large Cap Blend Equities, while DXU.TO is Dividend. They also come from different issuers: iShares and Dynamic. Their fees differ too: 0.34% for XHU.TO and 0.75% for DXU.TO.