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FFH.TO vs. XEF-U.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FFH.TO vs. XEF-U.TO

Last updated Jul 21, 2026
Documentation

FFH.TO (Fairfax Financial Holdings Limited) 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, FFH.TO returned 14.78%/yr vs 6.72%/yr for XEF-U.TO. At a 0.11 correlation, their price movements are largely independent.

Performance

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

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

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Different Trading Currencies

FFH.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, FFH.TO achieves a -11.06% return, which is significantly lower than XEF-U.TO's 11.04% return. Over the past 10 years, FFH.TO has outperformed XEF-U.TO with an annualized return of 14.78%, while XEF-U.TO has yielded a comparatively lower 6.72% annualized return.

FFH.TO

1D
-0.44%
1M
3.02%
6M
-3.85%
YTD
-11.06%
1Y
-4.98%
3Y*
32.95%
5Y*
36.08%
10Y*
14.78%
ALL TIME*
18.66%

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)

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

2026 (YTD)202520242023202220212020201920182017
FFH.TO
Fairfax Financial Holdings Limited		-11.06%32.23%66.26%54.96%31.51%47.26%-27.31%3.64%-8.51%5.43%
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 FFH.TO and XEF-U.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.14

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

0.15

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

0.10

Correlation (All Time)
Calculated using the full available price history since Apr 10, 2013

0.11

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Fairfax Financial Holdings Limited

iShares Core MSCI EAFE IMI Index ETF

Often compared with FFH.TO:
FFH.TO vs. BRK-BFFH.TO vs. MKLFFH.TO vs. IFC.TOFFH.TO vs. VOOFFH.TO vs. FRFHFFFH.TO vs. EQB.TOFFH.TO vs. ONEX.TO
Often compared with XEF-U.TO:
XEF-U.TO vs. XEF.TOXEF-U.TO vs. VEAXEF-U.TO vs. VXUSXEF-U.TO vs. IEFAXEF-U.TO vs. ZSP.TOXEF-U.TO vs. VTIXEF-U.TO vs. IEMG

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FFH.TO
FFH.TO Risk / Return Rank: 3333
Overall Rank
FFH.TO Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
FFH.TO Sortino Ratio Rank: 3030
Sortino Ratio Rank
FFH.TO Omega Ratio Rank: 3030
Omega Ratio Rank
FFH.TO Calmar Ratio Rank: 3737
Calmar Ratio Rank
FFH.TO Martin Ratio Rank: 3535
Martin Ratio Rank
XEF-U.TO
XEF-U.TO Risk / Return Rank: 5050
Overall Rank
XEF-U.TO Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
XEF-U.TO Sortino Ratio Rank: 5252
Sortino Ratio Rank
XEF-U.TO Omega Ratio Rank: 5151
Omega Ratio Rank
XEF-U.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
XEF-U.TO Martin Ratio Rank: 5252
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.

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

This table presents a comparison of risk-adjusted performance metrics for Fairfax Financial Holdings Limited (FFH.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.

FFH.TOXEF-U.TODifference
Sharpe ratioReturn per unit of total volatility
-0.22
1.46

-1.68

Sortino ratioReturn per unit of downside risk
-0.15
2.11

-2.26

Omega ratioGain probability vs. loss probability

0.98

1.26

-0.28

Calmar ratioReturn relative to maximum drawdown

-0.27

1.99

-2.26

Martin ratioReturn relative to average drawdown

-0.55

7.64

-8.19

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

The current FFH.TO Sharpe Ratio is -0.22, which is lower than the XEF-U.TO Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of FFH.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.

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Drawdowns

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

The maximum FFH.TO drawdown since its inception was -56.23%, 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 FFH.TO and XEF-U.TO.

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Drawdown Indicators

FFH.TOXEF-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-56.23%

-42.21%

-14.02%

Max Drawdown (1Y)

Largest decline over 1 year

-18.88%

-11.34%

-7.54%

Max Drawdown (3Y)

Largest decline over 3 years

-18.88%

-14.64%

-4.24%

Max Drawdown (5Y)

Largest decline over 5 years

-18.88%

-25.28%

+6.40%

Max Drawdown (10Y)

Largest decline over 10 years

-56.23%

-42.21%

-14.02%

Current Drawdown

Current decline from peak

-11.36%

-4.07%

-7.29%

Average Drawdown

Average peak-to-trough decline

-11.53%

-8.97%

-2.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.06%

2.94%

+6.12%

Volatility

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

Fairfax Financial Holdings Limited (FFH.TO) has a higher volatility of 5.46% compared to iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) at 3.84%. This indicates that FFH.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.

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Volatility by Period

FFH.TOXEF-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.46%

3.84%

+1.62%

Volatility (6M)

Calculated over the trailing 6-month period

16.86%

13.35%

+3.51%

Volatility (1Y)

Calculated over the trailing 1-year period

22.57%

15.52%

+7.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.93%

17.61%

+6.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.47%

18.12%

+7.35%

Dividends

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

FFH.TO's dividend yield for the trailing twelve months is around 0.90%, less than XEF-U.TO's 2.39% yield.

PositionTTM20252024202320222021202020192018201720162015
FFH.TO
Fairfax Financial Holdings Limited		0.90%0.83%1.01%1.10%1.56%2.03%3.01%2.18%2.07%1.95%2.24%1.82%
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

FFH.TO and XEF-U.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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