CYH.TO vs. XEF-U.TO
CYH.TO (iShares Global Monthly Dividend Index ETF (CAD-Hedged)) and XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) are both Global Equities funds from iShares - CYH.TO tracks the Morningstar Gbl GR CAD while XEF-U.TO tracks the MSCI EAFE® Investable Market Index. Both are passively managed. Over the past 10 years, CYH.TO returned 7.48%/yr vs 7.53%/yr for XEF-U.TO. At a 0.30 correlation, their price movements are largely independent. CYH.TO charges 0.66%/yr vs 0.21%/yr for XEF-U.TO.
Performance
CYH.TO vs. XEF-U.TO - Performance Comparison
Loading charts...
Different Trading Currencies
CYH.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, CYH.TO achieves a 9.48% return, which is significantly lower than XEF-U.TO's 13.92% return. Both investments have delivered pretty close results over the past 10 years, with CYH.TO having a 7.48% annualized return and XEF-U.TO not far ahead at 7.53%.
CYH.TO
- 1D
- -0.83%
- 1M
- -1.00%
- YTD
- 9.48%
- 6M
- 9.34%
- 1Y
- 20.17%
- 3Y*
- 16.07%
- 5Y*
- 9.06%
- 10Y*
- 7.48%
XEF-U.TO
- 1D
- 0.80%
- 1M
- 3.21%
- YTD
- 13.92%
- 6M
- 13.51%
- 1Y
- 24.59%
- 3Y*
- 19.05%
- 5Y*
- 11.70%
- 10Y*
- 7.53%
CYH.TO vs. XEF-U.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 9.48% | 18.78% | 12.28% | 3.85% | -2.46% | 23.39% | -8.70% | 9.23% | -6.21% | 13.17% |
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 13.83% | 25.69% | 11.75% | 13.94% | -9.57% | 11.30% | 7.69% | -15.98% | 0.56% | 9.18% |
Correlation
The correlation between CYH.TO and XEF-U.TO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | 0.30 |
The correlation between CYH.TO and XEF-U.TO shifts across timeframes, from 0.24 (10 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CYH.TO vs. XEF-U.TO — Risk / Return Rank
CYH.TO
XEF-U.TO
CYH.TO vs. XEF-U.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.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.
| CYH.TO | XEF-U.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.20 | +1.63 |
| Martin ratioReturn relative to average drawdown | 13.95 | 8.52 | +5.43 |
Loading charts...
Drawdowns
CYH.TO vs. XEF-U.TO - Drawdown Comparison
The maximum CYH.TO drawdown since its inception was -61.50%, 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 CYH.TO and XEF-U.TO.
Loading charts...
Drawdown Indicators
| CYH.TO | XEF-U.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.50% | -42.21% | -19.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.34% | -11.34% | +6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -12.12% | -14.64% | +2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -17.65% | -25.28% | +7.63% |
Max Drawdown (10Y)Largest decline over 10 years | -44.90% | -42.21% | -2.69% |
Current DrawdownCurrent decline from peak | -2.32% | -0.50% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -9.00% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.91% | -1.45% |
Volatility
CYH.TO vs. XEF-U.TO - Volatility Comparison
The current volatility for iShares Global Monthly Dividend Index ETF (CAD-Hedged) (CYH.TO) is 2.90%, while iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) has a volatility of 5.27%. This indicates that CYH.TO experiences smaller price fluctuations and is considered to be less risky than XEF-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CYH.TO | XEF-U.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 5.27% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 13.27% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.04% | 15.44% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 17.61% | -4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 18.14% | -1.02% |
CYH.TO vs. XEF-U.TO - Expense Ratio Comparison
CYH.TO has a 0.66% expense ratio, which is higher than XEF-U.TO's 0.21% expense ratio.
Dividends
CYH.TO vs. XEF-U.TO - Dividend Comparison
CYH.TO's dividend yield for the trailing twelve months is around 3.34%, more than XEF-U.TO's 2.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CYH.TO iShares Global Monthly Dividend Index ETF (CAD-Hedged) | 3.34% | 3.77% | 4.33% | 4.68% | 4.72% | 3.89% | 4.51% | 4.18% | 3.98% | 3.03% | 3.39% | 3.84% |
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 2.36% | 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
CYH.TO and XEF-U.TO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEF-U.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEF-U.TO is cheaper with a 0.21% expense ratio, compared with 0.66% for CYH.TO.
CYH.TO tracks Morningstar Gbl GR CAD, while XEF-U.TO tracks MSCI EAFE® Investable Market Index. Their fees differ too: 0.66% for CYH.TO and 0.21% for XEF-U.TO.
Find the right allocation for CYH.TO and XEF-U.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer