XHU.TO vs. IDIV-B.TO

Last updated Jun 4, 2026

XHU.TO (iShares U.S. High Dividend Equity Index ETF) and IDIV-B.TO (Manulife Smart International Dividend ETF Unhedged Units) are both exchange-traded funds - XHU.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while IDIV-B.TO is a Dividend fund actively managed by Manulife. XHU.TO is passively managed, while IDIV-B.TO is actively managed. Over the past 3 years, XHU.TO returned 11.06%/yr vs 21.08%/yr for IDIV-B.TO. At a 0.21 correlation, their price movements are largely independent. XHU.TO charges 0.34%/yr vs 0.55%/yr for IDIV-B.TO.

Performance

XHU.TO vs. IDIV-B.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 Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.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 13.95% return, which is significantly higher than IDIV-B.TO's 10.75% 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%

IDIV-B.TO

• 1D: 0.00%
• 1M: 3.35%
• YTD: 10.75%
• 6M: 8.02%
• 1Y: 25.99%
• 3Y*: 21.08%
• 5Y*: —
• 10Y*: —

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

XHU.TO vs. IDIV-B.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XHU.TO iShares U.S. High Dividend Equity Index ETF	13.95%	-0.28%	16.64%	-1.52%	2.08%
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	10.75%	35.22%	12.85%	12.28%	7.59%

Correlation

The correlation between XHU.TO and IDIV-B.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022	0.21

Return for Risk

XHU.TO vs. IDIV-B.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: 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

IDIV-B.TO

IDIV-B.TO Risk / Return Rank: 53
IDIV-B.TO Sharpe Ratio Rank: 50
IDIV-B.TO Sortino Ratio Rank: 47
IDIV-B.TO Omega Ratio Rank: 52
IDIV-B.TO Calmar Ratio Rank: 53
IDIV-B.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. IDIV-B.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 Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.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.

	XHU.TO	IDIV-B.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.69	-0.52
Sortino ratio: Return per unit of downside risk	1.54	2.31	-0.76
Omega ratio: Gain probability vs. loss probability	1.23	1.32	-0.09
Calmar ratio: Return relative to maximum drawdown	1.58	2.60	-1.03
Martin ratio: Return relative to average drawdown	5.48	11.03	-5.55
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. IDIV-B.TO - Sharpe Ratio Comparison

The current XHU.TO Sharpe Ratio is 1.17, which is lower than the IDIV-B.TO Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of XHU.TO and IDIV-B.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.

Sharpe Ratios by Period

	XHU.TO	IDIV-B.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.69	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	1.59	-1.04

Drawdowns

XHU.TO vs. IDIV-B.TO - Drawdown Comparison

The maximum XHU.TO drawdown since its inception was -29.94%, which is greater than IDIV-B.TO's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for XHU.TO and IDIV-B.TO.

Drawdown Indicators

	XHU.TO	IDIV-B.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.94%	-13.62%	-16.32%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-10.03%	+1.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.53%	-13.62%	+1.09%
Max Drawdown (5Y) Largest decline over 5 years	-12.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.94%	—	—
Current Drawdown Current decline from peak	-1.84%	-3.00%	+1.16%
Average Drawdown Average peak-to-trough decline	-3.73%	-1.72%	-2.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.36%	+0.15%

Volatility

XHU.TO vs. IDIV-B.TO - Volatility Comparison

The current volatility for iShares U.S. High Dividend Equity Index ETF (XHU.TO) is 3.53%, while Manulife Smart International Dividend ETF Unhedged Units (IDIV-B.TO) has a volatility of 5.14%. This indicates that XHU.TO experiences smaller price fluctuations and is considered to be less risky than IDIV-B.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHU.TO	IDIV-B.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	5.14%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	13.24%	-2.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	15.48%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.89%	14.06%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.38%	14.06%	+0.32%

XHU.TO vs. IDIV-B.TO - Expense Ratio Comparison

XHU.TO has a 0.34% expense ratio, which is lower than IDIV-B.TO's 0.55% expense ratio.

Dividends

XHU.TO vs. IDIV-B.TO - Dividend Comparison

XHU.TO's dividend yield for the trailing twelve months is around 2.44%, less than IDIV-B.TO's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDIV-B.TO Manulife Smart International Dividend ETF Unhedged Units	2.80%	3.02%	3.49%	1.73%	0.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 IDIV-B.TO in my portfolio?

XHU.TO and IDIV-B.TO have a correlation of 0.29, 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 IDIV-B.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 IDIV-B.TO?

XHU.TO is cheaper with a 0.34% expense ratio, compared with 0.55% for IDIV-B.TO.

What is the main difference between XHU.TO and IDIV-B.TO?

XHU.TO is categorized as Large Cap Blend Equities, while IDIV-B.TO is Dividend. They also come from different issuers: iShares and Manulife. Their fees differ too: 0.34% for XHU.TO and 0.55% for IDIV-B.TO.