BGIE.TO vs. XEF.TO

Last updated Jun 5, 2026

BGIE.TO (Brompton Global Infrastructure ETF) and XEF.TO (iShares Core MSCI EAFE IMI Index ETF) are both exchange-traded funds - BGIE.TO is a Global Equities fund actively managed by Brompton, while XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD). BGIE.TO is actively managed, while XEF.TO is passively managed. Over the past 5 years, BGIE.TO returned 14.47%/yr vs 11.07%/yr for XEF.TO. At a 0.35 correlation, their price movements are largely independent. BGIE.TO charges 0.75%/yr vs 0.23%/yr for XEF.TO.

Performance

BGIE.TO vs. XEF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Brompton Global Infrastructure ETF (BGIE.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGIE.TO achieves a 14.42% return, which is significantly higher than XEF.TO's 10.86% return.

BGIE.TO

• 1D: -0.23%
• 1M: -0.63%
• YTD: 14.42%
• 6M: 12.72%
• 1Y: 26.54%
• 3Y*: 23.10%
• 5Y*: 14.47%
• 10Y*: —

XEF.TO

• 1D: 0.82%
• 1M: 4.86%
• YTD: 10.86%
• 6M: 11.37%
• 1Y: 23.85%
• 3Y*: 18.31%
• 5Y*: 11.07%
• 10Y*: 9.90%

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

BGIE.TO vs. XEF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BGIE.TO Brompton Global Infrastructure ETF	14.42%	21.56%	24.37%	5.45%	-2.37%	18.61%	10.30%
XEF.TO iShares Core MSCI EAFE IMI Index ETF	10.86%	25.69%	12.04%	15.21%	-9.53%	10.36%	23.21%

Correlation

The correlation between BGIE.TO and XEF.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since May 6, 2020	0.35

The correlation between BGIE.TO and XEF.TO shifts across timeframes, from 0.35 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BGIE.TO vs. XEF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGIE.TO

BGIE.TO Risk / Return Rank: 58
BGIE.TO Sharpe Ratio Rank: 54
BGIE.TO Sortino Ratio Rank: 54
BGIE.TO Omega Ratio Rank: 53
BGIE.TO Calmar Ratio Rank: 66
BGIE.TO Martin Ratio Rank: 62

XEF.TO

XEF.TO Risk / Return Rank: 50
XEF.TO Sharpe Ratio Rank: 51
XEF.TO Sortino Ratio Rank: 52
XEF.TO Omega Ratio Rank: 53
XEF.TO Calmar Ratio Rank: 44
XEF.TO Martin Ratio Rank: 51

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.

BGIE.TO vs. XEF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brompton Global Infrastructure ETF (BGIE.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.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.

	BGIE.TO	XEF.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.73	+0.09
Sortino ratio: Return per unit of downside risk	2.54	2.48	+0.06
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	3.21	2.13	+1.08
Martin ratio: Return relative to average drawdown	11.04	8.48	+2.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGIE.TO vs. XEF.TO - Sharpe Ratio Comparison

The current BGIE.TO Sharpe Ratio is 1.82, which is comparable to the XEF.TO Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of BGIE.TO and XEF.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

	BGIE.TO	XEF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.73	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.82	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.71	+0.27

Drawdowns

BGIE.TO vs. XEF.TO - Drawdown Comparison

The maximum BGIE.TO drawdown since its inception was -18.24%, smaller than the maximum XEF.TO drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for BGIE.TO and XEF.TO.

Drawdown Indicators

	BGIE.TO	XEF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-18.24%	-28.51%	+10.27%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-11.27%	+2.92%
Max Drawdown (3Y) Largest decline over 3 years	-17.02%	-14.32%	-2.70%
Max Drawdown (5Y) Largest decline over 5 years	-18.24%	-24.58%	+6.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.51%	—
Current Drawdown Current decline from peak	-2.50%	-0.27%	-2.23%
Average Drawdown Average peak-to-trough decline	-4.45%	-4.61%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	2.82%	-0.40%

Volatility

BGIE.TO vs. XEF.TO - Volatility Comparison

Brompton Global Infrastructure ETF (BGIE.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO) have volatilities of 4.62% and 4.67%, 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.

Volatility by Period

	BGIE.TO	XEF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	4.67%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	11.59%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.73%	13.85%	+0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.86%	13.58%	+2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.27%	14.85%	+0.42%

BGIE.TO vs. XEF.TO - Expense Ratio Comparison

BGIE.TO has a 0.75% expense ratio, which is higher than XEF.TO's 0.23% expense ratio.

Dividends

BGIE.TO vs. XEF.TO - Dividend Comparison

BGIE.TO's dividend yield for the trailing twelve months is around 4.86%, more than XEF.TO's 2.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGIE.TO Brompton Global Infrastructure ETF	4.86%	4.95%	4.89%	5.19%	4.79%	4.10%	3.07%	0.00%	0.00%	0.00%	0.00%	0.00%
XEF.TO iShares Core MSCI EAFE IMI Index ETF	2.19%	2.43%	2.76%	2.75%	2.93%	2.42%	1.93%	2.72%	2.76%	2.10%	2.42%	2.42%

Frequently Asked Questions

Can I hold both BGIE.TO and XEF.TO in my portfolio?

BGIE.TO and XEF.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BGIE.TO or XEF.TO?

On fees, XEF.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BGIE.TO or XEF.TO?

XEF.TO is cheaper with a 0.23% expense ratio, compared with 0.75% for BGIE.TO.

What is the main difference between BGIE.TO and XEF.TO?

BGIE.TO is categorized as Global Equities, while XEF.TO is Foreign Large Cap Equities. They also come from different issuers: Brompton and iShares. Their fees differ too: 0.75% for BGIE.TO and 0.23% for XEF.TO.