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IVLU vs. XEU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IVLU vs. XEU.TO

Last updated Jun 9, 2026

IVLU (iShares MSCI Intl Value Factor ETF) and XEU.TO (iShares MSCI Europe IMI Index ETF) are both exchange-traded funds - IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value, while XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD. Both are passively managed. Over the past 10 years, IVLU returned 11.09%/yr vs 9.28%/yr for XEU.TO. A 0.60 correlation means they provide meaningful diversification when combined. IVLU charges 0.30%/yr vs 0.28%/yr for XEU.TO.

Performance

IVLU vs. XEU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Value Factor ETF (IVLU) and iShares MSCI Europe IMI Index ETF (XEU.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IVLU achieves a 10.99% return, which is significantly higher than XEU.TO's 4.59% return. Over the past 10 years, IVLU has outperformed XEU.TO with an annualized return of 11.09%, while XEU.TO has yielded a comparatively lower 9.28% annualized return.

IVLU

1D
0.45%
1M
0.05%
YTD
10.99%
6M
14.55%
1Y
32.63%
3Y*
23.34%
5Y*
13.74%
10Y*
11.09%

XEU.TO

1D
-0.18%
1M
-0.77%
YTD
4.59%
6M
8.01%
1Y
14.92%
3Y*
15.65%
5Y*
7.60%
10Y*
9.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IVLU vs. XEU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IVLU
iShares MSCI Intl Value Factor ETF		10.99%46.09%6.76%20.07%-5.73%15.60%-4.50%15.60%-15.10%23.10%
XEU.TO
iShares MSCI Europe IMI Index ETF		4.59%35.59%0.80%20.24%-15.82%16.41%5.67%23.38%-15.24%27.08%

Correlation

The correlation between IVLU and XEU.TO is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.75

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

0.70

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

0.66

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

0.63

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2015

0.60

The correlation between IVLU and XEU.TO shifts across timeframes, from 0.60 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

IVLU vs. XEU.TO - Sectors Allocation Comparison

Sectors
IVLU
XEU.TO

Financial Services

25.3%
22.5%

Industrials

17.2%
15.6%

Technology

11.3%
8.4%

Healthcare

9.7%
10.5%

Basic Materials

7.5%
5.3%

Consumer Cyclical

7.4%
6.5%

Consumer Defensive

6.3%
8.0%

Energy

5.1%
4.0%

Communication Services

4.0%
3.3%

Utilities

3.3%
3.5%

Real Estate

1.5%
1.4%

Financial Services

IVLU
25.3%
XEU.TO
22.5%

Industrials

IVLU
17.2%
XEU.TO
15.6%

Technology

IVLU
11.3%
XEU.TO
8.4%

Healthcare

IVLU
9.7%
XEU.TO
10.5%

Basic Materials

IVLU
7.5%
XEU.TO
5.3%

Consumer Cyclical

IVLU
7.4%
XEU.TO
6.5%

Consumer Defensive

IVLU
6.3%
XEU.TO
8.0%

Energy

IVLU
5.1%
XEU.TO
4.0%

Communication Services

IVLU
4.0%
XEU.TO
3.3%

Utilities

IVLU
3.3%
XEU.TO
3.5%

Real Estate

IVLU
1.5%
XEU.TO
1.4%

Compare stocks, funds, or ETFs

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

iShares MSCI Intl Value Factor ETF

iShares MSCI Europe IMI Index ETF

Often compared with IVLU:
IVLU vs. DFIVIVLU vs. VXUSIVLU vs. FIVAIVLU vs. IDMOIVLU vs. IEFAIVLU vs. DISVIVLU vs. SFNNX
Often compared with XEU.TO:
XEU.TO vs. XEH.TOXEU.TO vs. XEF.TOXEU.TO vs. VE.TOXEU.TO vs. VEAXEU.TO vs. HXS.TOXEU.TO vs. XUS.TOXEU.TO vs. XDIV.TO

Return for Risk

IVLU vs. XEU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IVLU
IVLU Risk / Return Rank: 6969
Overall Rank
IVLU Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 7272
Sortino Ratio Rank
IVLU Omega Ratio Rank: 7272
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6262
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6464
Martin Ratio Rank
XEU.TO
XEU.TO Risk / Return Rank: 3636
Overall Rank
XEU.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
XEU.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
XEU.TO Omega Ratio Rank: 3737
Omega Ratio Rank
XEU.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
XEU.TO Martin Ratio Rank: 3939
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.

IVLU vs. XEU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Value Factor ETF (IVLU) and iShares MSCI Europe IMI Index ETF (XEU.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.

IVLUXEU.TODifference
Sharpe ratioReturn per unit of total volatility
2.14
0.99

+1.15

Sortino ratioReturn per unit of downside risk
2.92
1.47

+1.45

Omega ratioGain probability vs. loss probability

1.38

1.18

+0.20

Calmar ratioReturn relative to maximum drawdown

2.80

1.22

+1.59

Martin ratioReturn relative to average drawdown

10.66

4.56

+6.09

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVLU vs. XEU.TO - Sharpe Ratio Comparison

The current IVLU Sharpe Ratio is 2.14, which is higher than the XEU.TO Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of IVLU and XEU.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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Sharpe Ratios by Period

IVLUXEU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.14

0.99

+1.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

0.47

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.53

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.36

+0.11

Drawdowns

IVLU vs. XEU.TO - Drawdown Comparison

The maximum IVLU drawdown since its inception was -41.85%, which is greater than XEU.TO's maximum drawdown of -37.36%. Use the drawdown chart below to compare losses from any high point for IVLU and XEU.TO.

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Drawdown Indicators

IVLUXEU.TODifference

Max Drawdown

Largest peak-to-trough decline

-41.85%

-37.36%

-4.49%

Max Drawdown (1Y)

Largest decline over 1 year

-11.69%

-12.32%

+0.63%

Max Drawdown (3Y)

Largest decline over 3 years

-15.48%

-14.30%

-1.18%

Max Drawdown (5Y)

Largest decline over 5 years

-26.04%

-32.95%

+6.91%

Max Drawdown (10Y)

Largest decline over 10 years

-41.85%

-37.36%

-4.49%

Current Drawdown

Current decline from peak

-2.27%

-3.23%

+0.96%

Average Drawdown

Average peak-to-trough decline

-8.59%

-8.36%

-0.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

3.28%

-0.21%

Volatility

IVLU vs. XEU.TO - Volatility Comparison

iShares MSCI Intl Value Factor ETF (IVLU) and iShares MSCI Europe IMI Index ETF (XEU.TO) have volatilities of 4.47% and 4.33%, 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.

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Volatility by Period

IVLUXEU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.47%

4.33%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

12.48%

12.46%

+0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

15.33%

15.13%

+0.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.52%

16.17%

+0.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.67%

17.54%

+0.13%

IVLU vs. XEU.TO - Expense Ratio Comparison

IVLU has a 0.30% expense ratio, which is higher than XEU.TO's 0.28% expense ratio.

Dividends

IVLU vs. XEU.TO - Dividend Comparison

IVLU's dividend yield for the trailing twelve months is around 3.34%, more than XEU.TO's 2.32% yield.

PositionTTM20252024202320222021202020192018201720162015
IVLU
iShares MSCI Intl Value Factor ETF		3.34%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%
XEU.TO
iShares MSCI Europe IMI Index ETF		2.32%2.47%2.68%2.96%3.02%2.42%1.98%3.56%3.28%2.26%2.91%2.33%

Frequently Asked Questions

IVLU and XEU.TO have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEU.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEU.TO is cheaper with a 0.28% expense ratio, compared with 0.30% for IVLU.

IVLU is categorized as Foreign Large Cap Equities, while XEU.TO is Europe Equities. IVLU tracks MSCI World ex USA Enhanced Value, while XEU.TO tracks Morningstar Eur GR CAD. Their fees differ too: 0.30% for IVLU and 0.28% for XEU.TO.

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