XTLH.TO vs. XDIV.TO
XTLH.TO (iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged)) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - XTLH.TO is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged), while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 3 years, XTLH.TO returned -3.65%/yr vs 22.97%/yr for XDIV.TO. At a 0.14 correlation, their price movements are largely independent. XTLH.TO charges 0.18%/yr vs 0.11%/yr for XDIV.TO.
Performance
XTLH.TO vs. XDIV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XTLH.TO achieves a -1.03% return, which is significantly lower than XDIV.TO's 19.17% return.
XTLH.TO
- 1D
- -0.42%
- 1M
- 0.65%
- YTD
- -1.03%
- 6M
- -2.78%
- 1Y
- 3.13%
- 3Y*
- -3.65%
- 5Y*
- —
- 10Y*
- —
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
XTLH.TO vs. XDIV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | -1.03% | 2.61% | -9.55% | 1.56% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 6.32% |
Correlation
The correlation between XTLH.TO and XDIV.TO is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2023 | 0.14 |
The correlation between XTLH.TO and XDIV.TO shifts across timeframes, from 0.06 (1 year) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XTLH.TO vs. XDIV.TO — Risk / Return Rank
XTLH.TO
XDIV.TO
XTLH.TO vs. XDIV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.
| XTLH.TO | XDIV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.62 | ||
| Sortino ratioReturn per unit of downside risk | -6.76 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 2.03 | -0.97 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 16.64 | -16.26 |
| Martin ratioReturn relative to average drawdown | 0.94 | 56.55 | -55.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XTLH.TO | XDIV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 4.94 | -4.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.81 | -0.96 |
Drawdowns
XTLH.TO vs. XDIV.TO - Drawdown Comparison
The maximum XTLH.TO drawdown since its inception was -22.72%, smaller than the maximum XDIV.TO drawdown of -41.30%. Use the drawdown chart below to compare losses from any high point for XTLH.TO and XDIV.TO.
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Drawdown Indicators
| XTLH.TO | XDIV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.72% | -41.30% | +18.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.37% | -2.33% | -6.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.47% | -10.53% | -8.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.60% | — |
Current DrawdownCurrent decline from peak | -14.80% | -0.09% | -14.71% |
Average DrawdownAverage peak-to-trough decline | -12.15% | -4.25% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.69% | +2.67% |
Volatility
XTLH.TO vs. XDIV.TO - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) (XTLH.TO) has a higher volatility of 2.98% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.81%. This indicates that XTLH.TO's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTLH.TO | XDIV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 2.81% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | 6.36% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 7.85% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.16% | 10.53% | +3.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 16.01% | -1.85% |
XTLH.TO vs. XDIV.TO - Expense Ratio Comparison
XTLH.TO has a 0.18% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XTLH.TO vs. XDIV.TO - Dividend Comparison
XTLH.TO's dividend yield for the trailing twelve months is around 4.62%, more than XDIV.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% |
XTLH.TO iShares 20+ Year U.S. Treasury Bond Index ETF (CAD-Hedged) | 4.62% | 4.42% | 4.32% | 2.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTLH.TO and XDIV.TO have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.18% for XTLH.TO.
XTLH.TO is categorized as Government Bonds, while XDIV.TO is Dividend. XTLH.TO tracks ICE U.S. Treasury 20+ Year Bond Index (CAD-Hedged), while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. Their fees differ too: 0.18% for XTLH.TO and 0.11% for XDIV.TO.
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