K.TO vs. XEF-U.TO

Last updated Jul 22, 2026

K.TO (Kinross Gold Corporation) 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, K.TO returned 18.78%/yr vs 6.91%/yr for XEF-U.TO. At a 0.11 correlation, their price movements are largely independent.

Performance

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

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

Different Trading Currencies

K.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, K.TO achieves a -14.21% return, which is significantly lower than XEF-U.TO's 13.01% return. Over the past 10 years, K.TO has outperformed XEF-U.TO with an annualized return of 18.78%, while XEF-U.TO has yielded a comparatively lower 6.91% annualized return.

K.TO

• 1D: 4.49%
• 1M: -10.47%
• 6M: -34.41%
• YTD: -14.21%
• 1Y: 52.52%
• 3Y*: 72.93%
• 5Y*: 36.30%
• 10Y*: 18.78%
• ALL TIME*: 5.15%

XEF-U.TO

• 1D: 1.77%
• 1M: -0.34%
• 6M: 9.12%
• YTD: 13.01%
• 1Y: 23.64%
• 3Y*: 18.23%
• 5Y*: 11.11%
• 10Y*: 6.91%
• ALL TIME*: 9.44%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
K.TO Kinross Gold Corporation	-14.21%	191.80%	69.08%	49.14%	-22.75%	-20.24%	53.32%	40.00%	-18.82%	29.36%
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF	13.01%	25.69%	11.75%	13.94%	-9.57%	11.30%	7.69%	-15.98%	0.56%	9.18%

Correlation

The correlation between K.TO and XEF-U.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013	0.11

Over the past year, K.TO and XEF-U.TO have become more correlated (0.46) than their long-term average of 0.11, meaning their price movements have been converging.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

K.TO

K.TO Risk / Return Rank: 73
K.TO Sharpe Ratio Rank: 76
K.TO Sortino Ratio Rank: 71
K.TO Omega Ratio Rank: 71
K.TO Calmar Ratio Rank: 72
K.TO Martin Ratio Rank: 73

XEF-U.TO

XEF-U.TO Risk / Return Rank: 53
XEF-U.TO Sharpe Ratio Rank: 54
XEF-U.TO Sortino Ratio Rank: 55
XEF-U.TO Omega Ratio Rank: 53
XEF-U.TO Calmar Ratio Rank: 47
XEF-U.TO Martin Ratio Rank: 54

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.

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

This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (K.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.

	K.TO	XEF-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.54	-0.53
Sortino ratio: Return per unit of downside risk	1.52	2.22	-0.70
Omega ratio: Gain probability vs. loss probability	1.20	1.27	-0.07
Calmar ratio: Return relative to maximum drawdown	1.36	2.11	-0.75
Martin ratio: Return relative to average drawdown	3.24	8.09	-4.84

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

The current K.TO Sharpe Ratio is 1.01, which is lower than the XEF-U.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of K.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.

Drawdowns

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

The maximum K.TO drawdown since its inception was -92.37%, 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 K.TO and XEF-U.TO.

Drawdown Indicators

	K.TO	XEF-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-92.37%	-42.21%	-50.16%
Max Drawdown (1Y) Largest decline over 1 year	-38.86%	-11.34%	-27.52%
Max Drawdown (3Y) Largest decline over 3 years	-38.86%	-14.64%	-24.22%
Max Drawdown (5Y) Largest decline over 5 years	-53.71%	-25.28%	-28.43%
Max Drawdown (10Y) Largest decline over 10 years	-68.25%	-42.21%	-26.04%
Current Drawdown Current decline from peak	-36.12%	-2.38%	-33.74%
Average Drawdown Average peak-to-trough decline	-56.11%	-8.97%	-47.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.25%	2.94%	+13.31%

Volatility

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

Kinross Gold Corporation (K.TO) has a higher volatility of 13.58% compared to iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) at 4.26%. This indicates that K.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.

Volatility by Period

	K.TO	XEF-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.58%	4.26%	+9.32%
Volatility (6M) Calculated over the trailing 6-month period	40.35%	13.44%	+26.91%
Volatility (1Y) Calculated over the trailing 1-year period	52.24%	15.58%	+36.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.71%	17.63%	+25.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.47%	18.13%	+27.34%

Dividends

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

K.TO's dividend yield for the trailing twelve months is around 0.61%, less than XEF-U.TO's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
K.TO Kinross Gold Corporation	0.61%	0.45%	1.23%	2.04%	2.68%	1.63%	1.27%	0.00%	0.00%	0.00%	0.00%	0.00%
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF	2.35%	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

Can I hold both K.TO and XEF-U.TO in my portfolio?

K.TO and XEF-U.TO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.