PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IXN vs. XEU.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IXN vs. XEU.TO

Last updated Jun 13, 2026

IXN (iShares Global Tech ETF) and XEU.TO (iShares MSCI Europe IMI Index ETF) are both exchange-traded funds - IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index, while XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD. Both are passively managed. Over the past 10 years, IXN returned 25.03%/yr vs 9.91%/yr for XEU.TO. At a 0.48 correlation, their price movements are largely independent. IXN charges 0.46%/yr vs 0.28%/yr for XEU.TO.

Performance

IXN vs. XEU.TO - Performance Comparison

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

Loading charts...

Different Trading Currencies

IXN 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, IXN achieves a 33.08% return, which is significantly higher than XEU.TO's 7.22% return. Over the past 10 years, IXN has outperformed XEU.TO with an annualized return of 25.03%, while XEU.TO has yielded a comparatively lower 9.91% annualized return.

IXN

1D
0.42%
1M
4.83%
YTD
33.08%
6M
35.17%
1Y
60.27%
3Y*
32.38%
5Y*
21.51%
10Y*
25.03%

XEU.TO

1D
0.27%
1M
2.25%
YTD
7.22%
6M
9.81%
1Y
17.50%
3Y*
16.27%
5Y*
7.95%
10Y*
9.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IXN vs. XEU.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IXN
iShares Global Tech ETF		33.08%25.25%24.84%52.98%-29.86%29.58%43.62%47.88%-5.44%41.23%
XEU.TO
iShares MSCI Europe IMI Index ETF		7.22%35.59%0.80%20.24%-15.82%16.41%5.67%23.38%-15.24%27.08%

Correlation

The correlation between IXN and XEU.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.47

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

0.45

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

0.47

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

0.47

Correlation (All Time)
Calculated using the full available price history since Apr 22, 2014

0.48

IXN vs. XEU.TO - Sectors Allocation Comparison

Sectors
IXN
XEU.TO

Technology

99.3%
8.4%

Industrials

0.2%
15.6%

Energy

0.1%
4.0%

Healthcare

0.1%
10.5%

Real Estate

0.0%
1.4%

Basic Materials

-

5.3%

Communication Services

-

3.3%

Consumer Cyclical

-

6.5%

Consumer Defensive

-

8.0%

Financial Services

-

22.5%

Utilities

-

3.5%

Technology

IXN
99.3%
XEU.TO
8.4%

Industrials

IXN
0.2%
XEU.TO
15.6%

Energy

IXN
0.1%
XEU.TO
4.0%

Healthcare

IXN
0.1%
XEU.TO
10.5%

Real Estate

IXN
0.0%
XEU.TO
1.4%

Basic Materials

IXN

-

XEU.TO
5.3%

Communication Services

IXN

-

XEU.TO
3.3%

Consumer Cyclical

IXN

-

XEU.TO
6.5%

Consumer Defensive

IXN

-

XEU.TO
8.0%

Financial Services

IXN

-

XEU.TO
22.5%

Utilities

IXN

-

XEU.TO
3.5%

Compare stocks, funds, or ETFs

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

iShares Global Tech ETF

iShares MSCI Europe IMI Index ETF

Often compared with IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC
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

IXN vs. XEU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IXN
IXN Risk / Return Rank: 8484
Overall Rank
IXN Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 8080
Sortino Ratio Rank
IXN Omega Ratio Rank: 8181
Omega Ratio Rank
IXN Calmar Ratio Rank: 8888
Calmar Ratio Rank
IXN Martin Ratio Rank: 8383
Martin Ratio Rank
XEU.TO
XEU.TO Risk / Return Rank: 4444
Overall Rank
XEU.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
XEU.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
XEU.TO Omega Ratio Rank: 4444
Omega Ratio Rank
XEU.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
XEU.TO Martin Ratio Rank: 4545
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Global Tech ETF (IXN) 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.

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.

IXNXEU.TODifference
Sharpe ratioReturn per unit of total volatility
2.52
1.14

+1.38

Sortino ratioReturn per unit of downside risk
3.09
1.68

+1.41

Omega ratioGain probability vs. loss probability

1.42

1.21

+0.21

Calmar ratioReturn relative to maximum drawdown

4.39

1.43

+2.96

Martin ratioReturn relative to average drawdown

14.35

5.34

+9.01

IXN vs. XEU.TO - Sharpe Ratio Comparison

The current IXN Sharpe Ratio is 2.52, which is higher than the XEU.TO Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of IXN 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.

Loading charts...

Drawdowns

IXN vs. XEU.TO - Drawdown Comparison

The maximum IXN drawdown since its inception was -55.67%, 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 IXN and XEU.TO.

Loading charts...

Drawdown Indicators

IXNXEU.TODifference

Max Drawdown

Largest peak-to-trough decline

-55.67%

-37.36%

-18.31%

Max Drawdown (1Y)

Largest decline over 1 year

-13.80%

-12.32%

-1.48%

Max Drawdown (3Y)

Largest decline over 3 years

-25.55%

-14.30%

-11.25%

Max Drawdown (5Y)

Largest decline over 5 years

-36.30%

-32.95%

-3.35%

Max Drawdown (10Y)

Largest decline over 10 years

-36.30%

-37.36%

+1.06%

Current Drawdown

Current decline from peak

-6.68%

-0.80%

-5.88%

Average Drawdown

Average peak-to-trough decline

-11.26%

-8.35%

-2.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.21%

3.29%

+0.92%

Volatility

IXN vs. XEU.TO - Volatility Comparison

iShares Global Tech ETF (IXN) has a higher volatility of 12.01% compared to iShares MSCI Europe IMI Index ETF (XEU.TO) at 5.31%. This indicates that IXN's price experiences larger fluctuations and is considered to be riskier than XEU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IXNXEU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

12.01%

5.31%

+6.70%

Volatility (6M)

Calculated over the trailing 6-month period

20.45%

12.78%

+7.67%

Volatility (1Y)

Calculated over the trailing 1-year period

24.03%

15.45%

+8.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.19%

16.23%

+8.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.58%

17.52%

+7.06%

IXN vs. XEU.TO - Expense Ratio Comparison

IXN has a 0.46% expense ratio, which is higher than XEU.TO's 0.28% expense ratio.

Dividends

IXN vs. XEU.TO - Dividend Comparison

IXN's dividend yield for the trailing twelve months is around 0.78%, less than XEU.TO's 2.25% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.78%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
XEU.TO
iShares MSCI Europe IMI Index ETF		2.25%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

IXN and XEU.TO have a correlation of 0.47, 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 0.46% for IXN.

IXN is categorized as Technology Equities, while XEU.TO is Europe Equities. IXN tracks S&P Global Information Technology Sector Index, while XEU.TO tracks Morningstar Eur GR CAD. Their fees differ too: 0.46% for IXN and 0.28% for XEU.TO.

Portfolio Optimizer

Find the right allocation for IXN and XEU.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