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TSX · CAD · ETF

Manulife Smart U.S. Dividend ETF Hedged (UDIV.TO) ETF Analysis

UDIV.TO
Expense ratio 0.37% Yield 1.87% Since November 9, 2022 Family Manufacturers Life Insurance Co

Last Updated: October 21, 2026

CA$16.51
+CA$0.07 (+0.43%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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UDIV.TO Annualized Returns

PeriodAnnualizedCA$100 becomes
1 year+18.71%CA$118.71
3 years+17.53%CA$162.36
5 years+8.69%CA$151.68
Since November 25, 2020+10.99%CA$185.01

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

UDIV.TO Return by Calendar Year

2020 and 2026 are partial years

View as table ↓View as chart ↑
YearReturn
2026 (partial year)+18.34%
2025+10.64%
2024+8.82%
2023+4.77%
2022−4.29%
2021+30.80%
2020 (partial year)−1.00%

UDIV.TO Monthly Returns

−10%+12%
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+4.5+3.4−4.3+8.5+6.5+0.8−1.4+1.6−2.4+0.5——
2025+2.5−2.3−2.7−4.3+5.8+4.4+1.4+3.3+2.4+0.8+0.1−0.7
2024−2.3+1.4+5.6−4.4+3.3+1.6+5.9+1.3+1.9−3.2+4.7−6.3
2023+3.5−3.2−0.4−0.8−5.5+5.7+2.9−2.1−5.5−3.2+7.6+6.9
2022−2.1−0.9+3.3−3.4+3.8−8.8+4.4−3.0−9.3+11.6+5.8−3.7
2021+5.5+2.7+7.4+2.8+2.1−0.4+0.9+1.3−2.8+0.5−0.7+8.6
2020———————————+0.5

Monthly total returns with dividends reinvested; each cell prints its signed value.

UDIV.TO Volatility & Risk

Volatility: 5 yrs · Beta: 3 yrs
Annualized volatility
15.61%
Beta (3y)
0.80
Best year
+30.80%

2021

Worst year
−4.29%

2022

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

# Symbol Name Weight
1 NVDA NVIDIA Corp 7.75%
2 MSFT Microsoft Corp 5.63%
3 CSCO Cisco Systems Inc 3.39%
4 VZ Verizon Communications Inc 2.86%
5 AAPL Apple Inc 2.8%
6 UPS United Parcel Service Inc Class B 2.74%
7 LRCX Lam Research Corp 2.43%
8 HPQ HP Inc 2.37%
9 AVGO Broadcom Inc 2.35%
10 JNJ Johnson & Johnson 2.15%

Analysis

Data-derived

Fund Overview

Manulife Smart U.S. Dividend ETF Hedged (UDIV.TO) is an exchange-traded fund. Manufacturers Life Insurance Co is the fund family on file. The inception date on file is November 9, 2022. Annual costs run at an expense ratio of 0.37%. On a CA$10,000 position that is CA$37.00 a year.

The largest positions on file are NVIDIA Corp (NVDA), Microsoft Corp (MSFT), and Cisco Systems Inc (CSCO). NVIDIA Corp alone accounts for 7.75% of the portfolio. The ten largest positions together make up 34.46% of the fund.

Performance Analysis

The most recent close on file for UDIV.TO is CA$16.51, dated October 21, 2026. Over the trailing twelve months the total return is +18.71%. Measured over 5 years, that is +8.69% a year compounded. The fund distributes at a trailing yield of 1.87%.

The strongest complete calendar year on file is 2021 at +30.80%; the weakest is 2022 at −4.29%. Of the 5 complete calendar years on file, 4 finished higher. So far in 2026 the total return is +18.34%.

Price & Risk Profile

Daily returns over the trailing 5 years annualize to a volatility of 15.61%. The reported beta is 0.8. The 52-week range on file runs from CA$13.73 to CA$17.30. The latest close sits 20.25% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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