XHU.TO vs. XHD.TO
XHU.TO (iShares U.S. High Dividend Equity Index ETF) and XHD.TO (iShares U.S. High Dividend Equity Index ETF (CAD-Hedged)) are both Large Cap Blend Equities funds from iShares tracking the Morningstar US Market TR CAD. Both are passively managed. Over the past 10 years, XHU.TO returned 7.81%/yr vs 6.20%/yr for XHD.TO. A 0.64 correlation means they provide meaningful diversification when combined. XHU.TO charges 0.34%/yr vs 0.33%/yr for XHD.TO.
Performance
XHU.TO vs. XHD.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XHU.TO achieves a 14.37% return, which is significantly higher than XHD.TO's 12.05% return. Over the past 10 years, XHU.TO has outperformed XHD.TO with an annualized return of 7.81%, while XHD.TO has yielded a comparatively lower 6.20% annualized return.
XHU.TO
- 1D
- 0.36%
- 1M
- 2.43%
- YTD
- 14.37%
- 6M
- 5.83%
- 1Y
- 15.38%
- 3Y*
- 11.29%
- 5Y*
- 10.04%
- 10Y*
- 7.81%
XHD.TO
- 1D
- 0.10%
- 1M
- -0.05%
- YTD
- 12.05%
- 6M
- 6.40%
- 1Y
- 12.73%
- 3Y*
- 9.64%
- 5Y*
- 6.57%
- 10Y*
- 6.20%
XHU.TO vs. XHD.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 | 14.37% | -0.28% | 16.64% | -1.52% | 12.37% | 18.23% | -9.27% | 13.08% | 3.95% | 5.12% |
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | 12.05% | 3.92% | 9.50% | -0.07% | 4.22% | 17.88% | -9.51% | 17.96% | -5.62% | 11.73% |
Correlation
The correlation between XHU.TO and XHD.TO is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.64 |
The correlation between XHU.TO and XHD.TO shifts across timeframes, from 0.64 (all time) to 0.81 (3 years), reflecting how their relationship changes across market environments.
XHU.TO vs. XHD.TO - Sectors Allocation Comparison
Sectors
XHU.TO
XHD.TO
Consumer Defensive
Energy
Healthcare
Financial Services
Technology
Utilities
Consumer Cyclical
Industrials
Basic Materials
Communication Services
Real Estate
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Consumer Defensive
XHU.TO
XHD.TO
Energy
XHU.TO
XHD.TO
Healthcare
XHU.TO
XHD.TO
Financial Services
XHU.TO
XHD.TO
Technology
XHU.TO
XHD.TO
Utilities
XHU.TO
XHD.TO
Consumer Cyclical
XHU.TO
XHD.TO
Industrials
XHU.TO
XHD.TO
Basic Materials
XHU.TO
XHD.TO
Communication Services
XHU.TO
XHD.TO
Real Estate
XHU.TO
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XHD.TO
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Return for Risk
XHU.TO vs. XHD.TO — Risk / Return Rank
XHU.TO
XHD.TO
XHU.TO vs. XHD.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 iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.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 | XHD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.96 | -0.19 |
| Martin ratioReturn relative to average drawdown | 6.15 | 5.56 | +0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XHU.TO | XHD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.14 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.51 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.40 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.53 | +0.02 |
Drawdowns
XHU.TO vs. XHD.TO - Drawdown Comparison
The maximum XHU.TO drawdown since its inception was -29.94%, smaller than the maximum XHD.TO drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for XHU.TO and XHD.TO.
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Drawdown Indicators
| XHU.TO | XHD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -38.71% | +8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -6.51% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.53% | -12.75% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -12.53% | -16.38% | +3.85% |
Max Drawdown (10Y)Largest decline over 10 years | -29.94% | -38.71% | +8.77% |
Current DrawdownCurrent decline from peak | -1.48% | -2.35% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -3.92% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.30% | +0.21% |
Volatility
XHU.TO vs. XHD.TO - Volatility Comparison
iShares U.S. High Dividend Equity Index ETF (XHU.TO) and iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) (XHD.TO) have volatilities of 3.50% and 3.68%, 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.TO | XHD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.68% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 9.38% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 11.28% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 13.03% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 15.53% | -1.15% |
XHU.TO vs. XHD.TO - Expense Ratio Comparison
XHU.TO has a 0.34% expense ratio, which is higher than XHD.TO's 0.33% expense ratio.
Dividends
XHU.TO vs. XHD.TO - Dividend Comparison
XHU.TO's dividend yield for the trailing twelve months is around 2.43%, more than XHD.TO's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XHD.TO iShares U.S. High Dividend Equity Index ETF (CAD-Hedged) | 2.38% | 2.61% | 2.99% | 3.09% | 2.69% | 2.81% | 3.44% | 2.46% | 2.81% | 2.36% | 2.48% | 3.00% |
XHU.TO iShares U.S. High Dividend Equity Index ETF | 2.43% | 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
XHU.TO and XHD.TO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XHD.TO is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XHD.TO is cheaper with a 0.33% expense ratio, compared with 0.34% for XHU.TO.
Both ETFs track Morningstar US Market TR CAD. Their fees differ too: 0.34% for XHU.TO and 0.33% for XHD.TO.
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