CLS.TO vs. XEF-U.TO

Last updated Jul 21, 2026

CLS.TO (Celestica Inc.) is a stock, while XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) is Global Equities fund tracking the MSCI EAFE® Investable Market Index. Over the past 10 years, CLS.TO returned 40.62%/yr vs 6.72%/yr for XEF-U.TO. At a 0.21 correlation, their price movements are largely independent.

Performance

CLS.TO vs. XEF-U.TO - Performance Comparison

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

Different Trading Currencies

CLS.TO is traded in CAD, while XEF-U.TO is traded in USD. To make them comparable, the XEF-U.TO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CLS.TO achieves a 6.37% return, which is significantly lower than XEF-U.TO's 11.04% return. Over the past 10 years, CLS.TO has outperformed XEF-U.TO with an annualized return of 40.62%, while XEF-U.TO has yielded a comparatively lower 6.72% annualized return.

CLS.TO

• 1D: 2.38%
• 1M: -17.81%
• 6M: -0.44%
• YTD: 6.37%
• 1Y: 96.49%
• 3Y*: 172.89%
• 5Y*: 115.09%
• 10Y*: 40.62%
• ALL TIME*: 20.51%

XEF-U.TO

• 1D: -0.90%
• 1M: -2.07%
• 6M: 6.17%
• YTD: 11.04%
• 1Y: 22.29%
• 3Y*: 17.55%
• 5Y*: 10.57%
• 10Y*: 6.72%
• ALL TIME*: 9.30%

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

CLS.TO vs. XEF-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLS.TO Celestica Inc.	6.37%	206.05%	241.82%	154.33%	8.23%	37.29%	-4.64%	-9.95%	-9.26%	-17.16%
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF	11.04%	25.69%	11.75%	13.94%	-9.57%	11.30%	7.69%	-15.98%	0.56%	9.18%

Correlation

The correlation between CLS.TO and XEF-U.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013	0.21

Return for Risk

CLS.TO vs. XEF-U.TO — Risk / Return Rank

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

CLS.TO

CLS.TO Risk / Return Rank: 81
CLS.TO Sharpe Ratio Rank: 83
CLS.TO Sortino Ratio Rank: 78
CLS.TO Omega Ratio Rank: 77
CLS.TO Calmar Ratio Rank: 85
CLS.TO Martin Ratio Rank: 84

XEF-U.TO

XEF-U.TO Risk / Return Rank: 50
XEF-U.TO Sharpe Ratio Rank: 51
XEF-U.TO Sortino Ratio Rank: 52
XEF-U.TO Omega Ratio Rank: 51
XEF-U.TO Calmar Ratio Rank: 45
XEF-U.TO Martin Ratio Rank: 52

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.

CLS.TO vs. XEF-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Celestica Inc. (CLS.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF-U.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CLS.TO	XEF-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.32	1.46	-0.14
Sortino ratio: Return per unit of downside risk	1.87	2.11	-0.24
Omega ratio: Gain probability vs. loss probability	1.24	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	2.74	1.99	+0.75
Martin ratio: Return relative to average drawdown	6.46	7.64	-1.18

CLS.TO vs. XEF-U.TO - Sharpe Ratio Comparison

The current CLS.TO Sharpe Ratio is 1.32, which is comparable to the XEF-U.TO Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of CLS.TO and XEF-U.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.

Drawdowns

CLS.TO vs. XEF-U.TO - Drawdown Comparison

The maximum CLS.TO drawdown since its inception was -79.32%, which is greater than XEF-U.TO's maximum drawdown of -42.21%. Use the drawdown chart below to compare losses from any high point for CLS.TO and XEF-U.TO.

Drawdown Indicators

	CLS.TO	XEF-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-79.32%	-42.21%	-37.11%
Max Drawdown (1Y) Largest decline over 1 year	-35.38%	-11.34%	-24.04%
Max Drawdown (3Y) Largest decline over 3 years	-54.25%	-14.64%	-39.61%
Max Drawdown (5Y) Largest decline over 5 years	-54.25%	-25.28%	-28.97%
Max Drawdown (10Y) Largest decline over 10 years	-79.32%	-42.21%	-37.11%
Current Drawdown Current decline from peak	-33.85%	-4.07%	-29.78%
Average Drawdown Average peak-to-trough decline	-28.93%	-8.97%	-19.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.00%	2.94%	+12.06%

Volatility

CLS.TO vs. XEF-U.TO - Volatility Comparison

Celestica Inc. (CLS.TO) has a higher volatility of 19.18% compared to iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) at 3.84%. This indicates that CLS.TO's price experiences larger fluctuations and is considered to be riskier than XEF-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLS.TO	XEF-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.18%	3.84%	+15.34%
Volatility (6M) Calculated over the trailing 6-month period	54.47%	13.35%	+41.12%
Volatility (1Y) Calculated over the trailing 1-year period	73.73%	15.52%	+58.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.20%	17.61%	+39.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.18%	18.12%	+31.06%

Dividends

CLS.TO vs. XEF-U.TO - Dividend Comparison

CLS.TO has not paid dividends to shareholders, while XEF-U.TO's dividend yield for the trailing twelve months is around 2.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CLS.TO Celestica Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF	2.39%	2.44%	2.85%	2.76%	2.98%	2.43%	1.86%	2.72%	2.07%	1.62%	1.84%	1.86%

Frequently Asked Questions

Can I hold both CLS.TO and XEF-U.TO in my portfolio?

CLS.TO and XEF-U.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.