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

ONEQ.TO vs. XEF-U.TO

Last updated Jul 18, 2026
Documentation

ONEQ.TO (CI Global Core Plus Equity ETF) and XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) are both Global Equities funds. ONEQ.TO is actively managed, while XEF-U.TO is passively managed. Over the past 10 years, ONEQ.TO returned 11.86%/yr vs 7.05%/yr for XEF-U.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in CI Global Core Plus Equity ETF (ONEQ.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

ONEQ.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, ONEQ.TO achieves a 13.96% return, which is significantly higher than XEF-U.TO's 11.90% return. Over the past 10 years, ONEQ.TO has outperformed XEF-U.TO with an annualized return of 11.86%, while XEF-U.TO has yielded a comparatively lower 7.05% annualized return.

ONEQ.TO

1D
-1.11%
1M
0.37%
6M
9.99%
YTD
13.96%
1Y
25.20%
3Y*
20.30%
5Y*
13.10%
10Y*
11.86%

XEF-U.TO

1D
-0.60%
1M
-0.29%
6M
6.24%
YTD
11.90%
1Y
23.37%
3Y*
17.47%
5Y*
10.99%
10Y*
7.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
ONEQ.TO
CI Global Core Plus Equity ETF		13.96%17.62%22.45%19.07%-10.74%21.65%8.21%22.22%-10.36%13.10%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		11.90%25.69%11.75%13.94%-9.57%11.30%7.69%-15.98%0.56%9.18%

Correlation

The correlation between ONEQ.TO and XEF-U.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.22

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

0.16

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

0.18

Correlation (All Time)
Calculated using the full available price history since Oct 6, 2015

0.18

The correlation between ONEQ.TO and XEF-U.TO shifts across timeframes, from 0.16 (5 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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CI Global Core Plus Equity ETF

iShares Core MSCI EAFE IMI Index ETF

Often compared with ONEQ.TO:
ONEQ.TO vs. VDU.TOONEQ.TO vs. XML.TOONEQ.TO vs. VVO.TOONEQ.TO vs. ESGG.TOONEQ.TO vs. GEQT.TOONEQ.TO vs. VMO.TOONEQ.TO vs. CEQT.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ONEQ.TO
ONEQ.TO Risk / Return Rank: 8888
Overall Rank
ONEQ.TO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ONEQ.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
ONEQ.TO Omega Ratio Rank: 8888
Omega Ratio Rank
ONEQ.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
ONEQ.TO Martin Ratio Rank: 9292
Martin Ratio Rank
XEF-U.TO
XEF-U.TO Risk / Return Rank: 4949
Overall Rank
XEF-U.TO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
XEF-U.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
XEF-U.TO Omega Ratio Rank: 4949
Omega Ratio Rank
XEF-U.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
XEF-U.TO Martin Ratio Rank: 5151
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.

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

This table presents a comparison of risk-adjusted performance metrics for CI Global Core Plus Equity ETF (ONEQ.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.

ONEQ.TOXEF-U.TODifference
Sharpe ratioReturn per unit of total volatility
2.11
1.53

+0.58

Sortino ratioReturn per unit of downside risk
3.08
2.20

+0.88

Omega ratioGain probability vs. loss probability

1.42

1.27

+0.15

Calmar ratioReturn relative to maximum drawdown

3.80

2.09

+1.71

Martin ratioReturn relative to average drawdown

16.75

8.04

+8.71

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

The current ONEQ.TO Sharpe Ratio is 2.11, which is higher than the XEF-U.TO Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of ONEQ.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

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

The maximum ONEQ.TO drawdown since its inception was -34.40%, smaller than the maximum XEF-U.TO drawdown of -42.21%. Use the drawdown chart below to compare losses from any high point for ONEQ.TO and XEF-U.TO.

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Drawdown Indicators

ONEQ.TOXEF-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.40%

-42.21%

+7.81%

Max Drawdown (1Y)

Largest decline over 1 year

-6.66%

-11.34%

+4.68%

Max Drawdown (3Y)

Largest decline over 3 years

-16.08%

-14.64%

-1.44%

Max Drawdown (5Y)

Largest decline over 5 years

-17.61%

-25.28%

+7.67%

Max Drawdown (10Y)

Largest decline over 10 years

-34.40%

-42.21%

+7.81%

Current Drawdown

Current decline from peak

-1.20%

-3.33%

+2.13%

Average Drawdown

Average peak-to-trough decline

-3.69%

-8.97%

+5.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.51%

2.93%

-1.42%

Volatility

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

The current volatility for CI Global Core Plus Equity ETF (ONEQ.TO) is 2.83%, while iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) has a volatility of 3.94%. This indicates that ONEQ.TO experiences smaller price fluctuations and is considered to be less risky 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

ONEQ.TOXEF-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.83%

3.94%

-1.11%

Volatility (6M)

Calculated over the trailing 6-month period

9.93%

13.33%

-3.40%

Volatility (1Y)

Calculated over the trailing 1-year period

12.03%

15.47%

-3.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.29%

17.61%

-4.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.91%

18.12%

-4.21%

Dividends

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

ONEQ.TO's dividend yield for the trailing twelve months is around 1.60%, less than XEF-U.TO's 2.37% yield.

PositionTTM20252024202320222021202020192018201720162015
ONEQ.TO
CI Global Core Plus Equity ETF		1.60%1.60%1.05%1.53%1.38%0.89%1.22%1.39%0.94%1.03%1.22%0.00%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		2.37%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

ONEQ.TO and XEF-U.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: CI and iShares.

Portfolio Optimizer

Find the right allocation for ONEQ.TO and XEF-U.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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