PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FEZ vs. XDIV.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEZ vs. XDIV.TO

Last updated Jun 14, 2026

FEZ (State Street SPDR EURO STOXX 50 ETF) and XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) are both exchange-traded funds - FEZ is a Europe Equities fund tracking the EURO STOXX 50 Index, while XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index. Both are passively managed. Over the past 5 years, FEZ returned 10.21%/yr vs 13.87%/yr for XDIV.TO. At a 0.45 correlation, their price movements are largely independent. FEZ charges 0.29%/yr vs 0.11%/yr for XDIV.TO.

Performance

FEZ vs. XDIV.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR EURO STOXX 50 ETF (FEZ) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, FEZ achieves a 7.29% return, which is significantly lower than XDIV.TO's 19.42% return.

FEZ

1D
0.09%
1M
6.20%
YTD
7.29%
6M
8.07%
1Y
19.95%
3Y*
17.98%
5Y*
10.21%
10Y*
11.34%

XDIV.TO

1D
0.38%
1M
2.67%
YTD
19.42%
6M
18.53%
1Y
36.69%
3Y*
22.30%
5Y*
13.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEZ vs. XDIV.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FEZ
State Street SPDR EURO STOXX 50 ETF		7.29%37.81%3.57%27.16%-14.27%14.84%4.84%26.04%-15.85%6.08%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		19.42%31.02%10.48%14.68%-5.50%33.37%-5.29%30.52%-16.81%14.41%

Correlation

The correlation between FEZ and XDIV.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

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

0.40

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

0.44

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2017

0.45

Over the past year, the correlation between FEZ and XDIV.TO has dropped to 0.24 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.

FEZ vs. XDIV.TO - Sectors Allocation Comparison

Sectors
FEZ
XDIV.TO

Financial Services

24.9%
46.7%

Industrials

21.7%

-

Technology

18.0%
1.3%

Consumer Cyclical

9.8%
11.5%

Consumer Defensive

5.4%

-

Healthcare

5.1%

-

Energy

4.8%
28.8%

Utilities

4.5%
11.3%

Basic Materials

3.4%

-

Communication Services

2.4%
0.4%

Real Estate

-

-

Financial Services

FEZ
24.9%
XDIV.TO
46.7%

Industrials

FEZ
21.7%
XDIV.TO

-

Technology

FEZ
18.0%
XDIV.TO
1.3%

Consumer Cyclical

FEZ
9.8%
XDIV.TO
11.5%

Consumer Defensive

FEZ
5.4%
XDIV.TO

-

Healthcare

FEZ
5.1%
XDIV.TO

-

Energy

FEZ
4.8%
XDIV.TO
28.8%

Utilities

FEZ
4.5%
XDIV.TO
11.3%

Basic Materials

FEZ
3.4%
XDIV.TO

-

Communication Services

FEZ
2.4%
XDIV.TO
0.4%

Real Estate

FEZ

-

XDIV.TO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street SPDR EURO STOXX 50 ETF

iShares Core MSCI Canadian Quality Dividend Index ETF

Often compared with FEZ:
FEZ vs. VGKFEZ vs. IEURFEZ vs. EZUFEZ vs. IEVFEZ vs. VOOFEZ vs. EWQFEZ vs. EWN
Often compared with XDIV.TO:
XDIV.TO vs. VDY.TOXDIV.TO vs. XEI.TOXDIV.TO vs. XDV.TOXDIV.TO vs. XEQT.TOXDIV.TO vs. HDIV.TOXDIV.TO vs. XIU.TOXDIV.TO vs. CDZ.TO

Return for Risk

FEZ vs. XDIV.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEZ
FEZ Risk / Return Rank: 3030
Overall Rank
FEZ Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
FEZ Sortino Ratio Rank: 3030
Sortino Ratio Rank
FEZ Omega Ratio Rank: 2828
Omega Ratio Rank
FEZ Calmar Ratio Rank: 3030
Calmar Ratio Rank
FEZ Martin Ratio Rank: 3434
Martin Ratio Rank
XDIV.TO
XDIV.TO Risk / Return Rank: 9898
Overall Rank
XDIV.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDIV.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDIV.TO Omega Ratio Rank: 9898
Omega Ratio Rank
XDIV.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
XDIV.TO Martin Ratio Rank: 9898
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.

FEZ vs. XDIV.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR EURO STOXX 50 ETF (FEZ) and iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.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.

FEZXDIV.TODifference
Sharpe ratioReturn per unit of total volatility
0.96
4.27

-3.31

Sortino ratioReturn per unit of downside risk
1.45
6.11

-4.66

Omega ratioGain probability vs. loss probability

1.17

1.82

-0.64

Calmar ratioReturn relative to maximum drawdown

1.29

11.38

-10.09

Martin ratioReturn relative to average drawdown

4.40

38.12

-33.72

FEZ vs. XDIV.TO - Sharpe Ratio Comparison

The current FEZ Sharpe Ratio is 0.96, which is lower than the XDIV.TO Sharpe Ratio of 4.27. The chart below compares the historical Sharpe Ratios of FEZ and XDIV.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.

Loading charts...

Drawdowns

FEZ vs. XDIV.TO - Drawdown Comparison

The maximum FEZ drawdown since its inception was -64.21%, which is greater than XDIV.TO's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for FEZ and XDIV.TO.

Loading charts...

Drawdown Indicators

FEZXDIV.TODifference

Max Drawdown

Largest peak-to-trough decline

-64.21%

-46.32%

-17.89%

Max Drawdown (1Y)

Largest decline over 1 year

-13.63%

-3.31%

-10.32%

Max Drawdown (3Y)

Largest decline over 3 years

-15.85%

-12.20%

-3.65%

Max Drawdown (5Y)

Largest decline over 5 years

-35.05%

-24.74%

-10.31%

Max Drawdown (10Y)

Largest decline over 10 years

-39.69%

—

—

Current Drawdown

Current decline from peak

-0.37%

0.00%

-0.37%

Average Drawdown

Average peak-to-trough decline

-17.05%

-6.33%

-10.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.01%

0.99%

+3.02%

Volatility

FEZ vs. XDIV.TO - Volatility Comparison

State Street SPDR EURO STOXX 50 ETF (FEZ) has a higher volatility of 6.57% compared to iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) at 2.43%. This indicates that FEZ's price experiences larger fluctuations and is considered to be riskier than XDIV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FEZXDIV.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.57%

2.43%

+4.14%

Volatility (6M)

Calculated over the trailing 6-month period

15.48%

6.86%

+8.62%

Volatility (1Y)

Calculated over the trailing 1-year period

18.45%

8.84%

+9.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.70%

12.47%

+8.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.11%

17.75%

+3.36%

FEZ vs. XDIV.TO - Expense Ratio Comparison

FEZ has a 0.29% expense ratio, which is higher than XDIV.TO's 0.11% expense ratio.

Dividends

FEZ vs. XDIV.TO - Dividend Comparison

FEZ's dividend yield for the trailing twelve months is around 2.52%, less than XDIV.TO's 3.25% yield.

PositionTTM20252024202320222021202020192018201720162015
FEZ
State Street SPDR EURO STOXX 50 ETF		2.52%2.78%2.94%2.75%3.06%2.61%2.13%2.61%3.45%2.44%3.35%3.03%
XDIV.TO
iShares Core MSCI Canadian Quality Dividend Index ETF		3.25%3.90%4.50%4.42%4.15%3.76%4.85%4.24%5.13%1.92%0.00%0.00%

Frequently Asked Questions

FEZ and XDIV.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.29% for FEZ.

FEZ is categorized as Europe Equities, while XDIV.TO is Dividend. FEZ tracks EURO STOXX 50 Index, while XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.29% for FEZ and 0.11% for XDIV.TO.

Portfolio Optimizer

Find the right allocation for FEZ and XDIV.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