IEFA vs. XEF.TO
Compare and contrast key facts about iShares Core MSCI EAFE ETF (IEFA) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO).
IEFA and XEF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE Investable Market Index. It was launched on Oct 18, 2012. XEF.TO is a passively managed fund by iShares that tracks the performance of the Morningstar DM xNA GR CAD. It was launched on Apr 10, 2013. Both IEFA and XEF.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEFA or XEF.TO.
Correlation
The correlation between IEFA and XEF.TO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IEFA vs. XEF.TO - Performance Comparison
Key characteristics
IEFA:
0.70
XEF.TO:
0.83
IEFA:
1.11
XEF.TO:
1.22
IEFA:
1.15
XEF.TO:
1.17
IEFA:
0.89
XEF.TO:
0.89
IEFA:
2.62
XEF.TO:
4.12
IEFA:
4.70%
XEF.TO:
3.10%
IEFA:
17.57%
XEF.TO:
15.43%
IEFA:
-34.79%
XEF.TO:
-28.51%
IEFA:
-0.45%
XEF.TO:
-2.16%
Returns By Period
In the year-to-date period, IEFA achieves a 13.43% return, which is significantly higher than XEF.TO's 8.86% return. Over the past 10 years, IEFA has underperformed XEF.TO with an annualized return of 5.64%, while XEF.TO has yielded a comparatively higher 7.13% annualized return.
IEFA
13.43%
17.27%
9.92%
11.28%
11.66%
5.64%
XEF.TO
8.86%
13.73%
8.92%
11.97%
11.25%
7.13%
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IEFA vs. XEF.TO - Expense Ratio Comparison
IEFA has a 0.07% expense ratio, which is lower than XEF.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IEFA vs. XEF.TO — Risk-Adjusted Performance Rank
IEFA
XEF.TO
IEFA vs. XEF.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE ETF (IEFA) and iShares Core MSCI EAFE IMI Index ETF (XEF.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.
Dividends
IEFA vs. XEF.TO - Dividend Comparison
IEFA's dividend yield for the trailing twelve months is around 3.06%, more than XEF.TO's 2.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEFA iShares Core MSCI EAFE ETF | 3.06% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% | 3.10% |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 2.53% | 2.76% | 2.75% | 2.93% | 2.42% | 1.93% | 2.72% | 2.76% | 2.10% | 2.42% | 2.42% | 5.21% |
Drawdowns
IEFA vs. XEF.TO - Drawdown Comparison
The maximum IEFA drawdown since its inception was -34.79%, which is greater than XEF.TO's maximum drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for IEFA and XEF.TO. For additional features, visit the drawdowns tool.
Volatility
IEFA vs. XEF.TO - Volatility Comparison
iShares Core MSCI EAFE ETF (IEFA) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO) have volatilities of 8.50% and 8.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.