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CIE.NEO vs. VDU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CIE.NEO vs. VDU.TO

Last updated Jun 4, 2026

CIE.NEO (iShares International Fundamental Common Class) and VDU.TO (Vanguard FTSE Developed All Cap ex U.S. Index ETF) are both Global Equities funds - CIE.NEO tracks the FTSE RAFI Developed ex US 1000 Index while VDU.TO tracks the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 10 years, CIE.NEO returned 11.89%/yr vs 10.28%/yr for VDU.TO. A 0.75 correlation means they provide meaningful diversification when combined. CIE.NEO charges 0.73%/yr vs 0.22%/yr for VDU.TO.

Performance

CIE.NEO vs. VDU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares International Fundamental Common Class (CIE.NEO) and Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CIE.NEO achieves a 17.83% return, which is significantly higher than VDU.TO's 16.22% return. Over the past 10 years, CIE.NEO has outperformed VDU.TO with an annualized return of 11.89%, while VDU.TO has yielded a comparatively lower 10.28% annualized return.

CIE.NEO

1D
-0.39%
1M
6.26%
YTD
17.83%
6M
19.92%
1Y
39.49%
3Y*
25.09%
5Y*
15.50%
10Y*
11.89%

VDU.TO

1D
-0.45%
1M
7.62%
YTD
16.22%
6M
17.26%
1Y
33.30%
3Y*
20.33%
5Y*
11.99%
10Y*
10.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CIE.NEO vs. VDU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CIE.NEO
iShares International Fundamental Common Class		17.83%34.92%12.83%15.59%-2.83%14.42%1.33%11.29%-8.19%16.74%
VDU.TO
Vanguard FTSE Developed All Cap ex U.S. Index ETF		16.22%27.97%11.37%14.56%-9.89%10.23%7.06%15.90%-8.11%17.64%

Correlation

The correlation between CIE.NEO and VDU.TO is 0.86, 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

0.86

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (10Y)
Calculated over the trailing 10-year period

0.80

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2013

0.75

The correlation between CIE.NEO and VDU.TO shifts across timeframes, from 0.75 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.

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iShares International Fundamental Common Class

Vanguard FTSE Developed All Cap ex U.S. Index ETF

Often compared with CIE.NEO:
CIE.NEO vs. PXFCIE.NEO vs. VGG.TOCIE.NEO vs. SPYCIE.NEO vs. DFIVCIE.NEO vs. FCCM.NEOCIE.NEO vs. XMW.TOCIE.NEO vs. XEQT.TO
Often compared with VDU.TO:
VDU.TO vs. VIU.TOVDU.TO vs. VEF.TOVDU.TO vs. ZEA.TOVDU.TO vs. XEF.TOVDU.TO vs. VIDY.TOVDU.TO vs. VFV.TOVDU.TO vs. BANK.TO

Return for Risk

CIE.NEO vs. VDU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CIE.NEO
CIE.NEO Risk / Return Rank: 8282
Overall Rank
CIE.NEO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CIE.NEO Sortino Ratio Rank: 8686
Sortino Ratio Rank
CIE.NEO Omega Ratio Rank: 8787
Omega Ratio Rank
CIE.NEO Calmar Ratio Rank: 7272
Calmar Ratio Rank
CIE.NEO Martin Ratio Rank: 7777
Martin Ratio Rank
VDU.TO
VDU.TO Risk / Return Rank: 6565
Overall Rank
VDU.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VDU.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
VDU.TO Omega Ratio Rank: 6868
Omega Ratio Rank
VDU.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
VDU.TO Martin Ratio Rank: 6565
Martin Ratio Rank
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.

CIE.NEO vs. VDU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Fundamental Common Class (CIE.NEO) and Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.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.

CIE.NEOVDU.TODifference
Sharpe ratioReturn per unit of total volatility
2.85
2.28

+0.56

Sortino ratioReturn per unit of downside risk
3.90
3.13

+0.77

Omega ratioGain probability vs. loss probability

1.54

1.42

+0.12

Calmar ratioReturn relative to maximum drawdown

3.57

2.92

+0.66

Martin ratioReturn relative to average drawdown

14.78

12.06

+2.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIE.NEO vs. VDU.TO - Sharpe Ratio Comparison

The current CIE.NEO Sharpe Ratio is 2.85, which is comparable to the VDU.TO Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of CIE.NEO and VDU.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.

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Sharpe Ratios by Period

CIE.NEOVDU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.85

2.28

+0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.13

0.89

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.70

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.44

0.70

-0.26

Drawdowns

CIE.NEO vs. VDU.TO - Drawdown Comparison

The maximum CIE.NEO drawdown since its inception was -40.08%, which is greater than VDU.TO's maximum drawdown of -29.19%. Use the drawdown chart below to compare losses from any high point for CIE.NEO and VDU.TO.

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Drawdown Indicators

CIE.NEOVDU.TODifference

Max Drawdown

Largest peak-to-trough decline

-40.08%

-29.19%

-10.89%

Max Drawdown (1Y)

Largest decline over 1 year

-11.10%

-11.47%

+0.37%

Max Drawdown (3Y)

Largest decline over 3 years

-15.44%

-14.02%

-1.42%

Max Drawdown (5Y)

Largest decline over 5 years

-20.55%

-24.10%

+3.55%

Max Drawdown (10Y)

Largest decline over 10 years

-40.08%

-29.19%

-10.89%

Current Drawdown

Current decline from peak

-0.39%

-0.45%

+0.06%

Average Drawdown

Average peak-to-trough decline

-7.13%

-4.66%

-2.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

2.77%

-0.09%

Volatility

CIE.NEO vs. VDU.TO - Volatility Comparison

The current volatility for iShares International Fundamental Common Class (CIE.NEO) is 4.85%, while Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.TO) has a volatility of 5.23%. This indicates that CIE.NEO experiences smaller price fluctuations and is considered to be less risky than VDU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CIE.NEOVDU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.85%

5.23%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

11.56%

12.47%

-0.91%

Volatility (1Y)

Calculated over the trailing 1-year period

13.95%

14.68%

-0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.85%

13.50%

+0.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.19%

14.75%

+3.44%

CIE.NEO vs. VDU.TO - Expense Ratio Comparison

CIE.NEO has a 0.73% expense ratio, which is higher than VDU.TO's 0.22% expense ratio.

Dividends

CIE.NEO vs. VDU.TO - Dividend Comparison

CIE.NEO's dividend yield for the trailing twelve months is around 2.12%, more than VDU.TO's 2.09% yield.

PositionTTM20252024202320222021202020192018201720162015
CIE.NEO
iShares International Fundamental Common Class		2.12%2.53%2.82%3.08%3.32%2.89%2.15%3.63%3.12%2.67%2.80%2.44%
VDU.TO
Vanguard FTSE Developed All Cap ex U.S. Index ETF		2.09%2.61%2.55%2.54%2.14%2.67%1.64%2.48%2.61%2.26%2.41%2.25%

Frequently Asked Questions

CIE.NEO and VDU.TO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VDU.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VDU.TO is cheaper with a 0.22% expense ratio, compared with 0.73% for CIE.NEO.

CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index, while VDU.TO tracks FTSE Developed All Cap ex US Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.73% for CIE.NEO and 0.22% for VDU.TO.

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