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

QTUM vs. XEU.TO

Last updated Jun 9, 2026

QTUM (Defiance Quantum ETF) and XEU.TO (iShares MSCI Europe IMI Index ETF) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD. Both are passively managed. Over the past 5 years, QTUM returned 27.81%/yr vs 7.60%/yr for XEU.TO. A 0.51 correlation means they provide meaningful diversification when combined. QTUM charges 0.40%/yr vs 0.28%/yr for XEU.TO.

Performance

QTUM vs. XEU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Quantum ETF (QTUM) 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

QTUM 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, QTUM achieves a 44.14% return, which is significantly higher than XEU.TO's 4.59% return.

QTUM

1D
3.25%
1M
8.85%
YTD
44.14%
6M
39.20%
1Y
80.80%
3Y*
48.48%
5Y*
27.81%
10Y*
—

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)

QTUM vs. XEU.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
QTUM
Defiance Quantum ETF		44.14%36.65%50.54%39.86%-28.80%35.18%42.05%47.99%-19.02%
XEU.TO
iShares MSCI Europe IMI Index ETF		4.59%35.59%0.80%20.24%-15.82%16.41%5.67%23.38%-11.84%

Correlation

The correlation between QTUM and XEU.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

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

0.50

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

0.51

Correlation (All Time)
Calculated using the full available price history since Sep 6, 2018

0.51

The correlation between QTUM and XEU.TO has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.

QTUM vs. XEU.TO - Sectors Allocation Comparison

Sectors
QTUM
XEU.TO

Technology

85.1%
8.4%

Industrials

8.7%
15.6%

Communication Services

4.9%
3.3%

Consumer Cyclical

0.7%
6.5%

Healthcare

0.6%
10.5%

Basic Materials

-

5.3%

Consumer Defensive

-

8.0%

Energy

-

4.0%

Financial Services

-

22.5%

Real Estate

-

1.4%

Utilities

-

3.5%

Technology

QTUM
85.1%
XEU.TO
8.4%

Industrials

QTUM
8.7%
XEU.TO
15.6%

Communication Services

QTUM
4.9%
XEU.TO
3.3%

Consumer Cyclical

QTUM
0.7%
XEU.TO
6.5%

Healthcare

QTUM
0.6%
XEU.TO
10.5%

Basic Materials

QTUM

-

XEU.TO
5.3%

Consumer Defensive

QTUM

-

XEU.TO
8.0%

Energy

QTUM

-

XEU.TO
4.0%

Financial Services

QTUM

-

XEU.TO
22.5%

Real Estate

QTUM

-

XEU.TO
1.4%

Utilities

QTUM

-

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.

Defiance Quantum ETF

iShares MSCI Europe IMI Index ETF

Often compared with QTUM:
QTUM vs. QNTMQTUM vs. IONQQTUM vs. ARKQQTUM vs. FTECQTUM vs. WQTM.DEQTUM vs. RGTIQTUM vs. SCHD
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

QTUM vs. XEU.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QTUM
QTUM Risk / Return Rank: 8989
Overall Rank
QTUM Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
QTUM Sortino Ratio Rank: 8484
Sortino Ratio Rank
QTUM Omega Ratio Rank: 8585
Omega Ratio Rank
QTUM Calmar Ratio Rank: 9191
Calmar Ratio Rank
QTUM Martin Ratio Rank: 9191
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.

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

This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) 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.

QTUMXEU.TODifference
Sharpe ratioReturn per unit of total volatility
2.94
0.99

+1.94

Sortino ratioReturn per unit of downside risk
3.42
1.47

+1.95

Omega ratioGain probability vs. loss probability

1.47

1.18

+0.29

Calmar ratioReturn relative to maximum drawdown

5.32

1.22

+4.11

Martin ratioReturn relative to average drawdown

19.76

4.56

+15.20

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

QTUM vs. XEU.TO - Sharpe Ratio Comparison

The current QTUM Sharpe Ratio is 2.94, which is higher than the XEU.TO Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of QTUM 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

QTUMXEU.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.94

0.99

+1.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

0.47

+0.57

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.03

0.36

+0.67

Drawdowns

QTUM vs. XEU.TO - Drawdown Comparison

The maximum QTUM drawdown since its inception was -38.45%, roughly equal to the maximum XEU.TO drawdown of -37.36%. Use the drawdown chart below to compare losses from any high point for QTUM and XEU.TO.

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Drawdown Indicators

QTUMXEU.TODifference

Max Drawdown

Largest peak-to-trough decline

-38.45%

-37.36%

-1.09%

Max Drawdown (1Y)

Largest decline over 1 year

-15.26%

-12.32%

-2.94%

Max Drawdown (3Y)

Largest decline over 3 years

-25.39%

-14.30%

-11.09%

Max Drawdown (5Y)

Largest decline over 5 years

-38.45%

-32.95%

-5.50%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.36%

—

Current Drawdown

Current decline from peak

-6.53%

-3.23%

-3.30%

Average Drawdown

Average peak-to-trough decline

-8.25%

-8.36%

+0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.10%

3.28%

+0.82%

Volatility

QTUM vs. XEU.TO - Volatility Comparison

Defiance Quantum ETF (QTUM) has a higher volatility of 13.41% compared to iShares MSCI Europe IMI Index ETF (XEU.TO) at 4.33%. This indicates that QTUM'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.

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Volatility by Period

QTUMXEU.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

13.41%

4.33%

+9.08%

Volatility (6M)

Calculated over the trailing 6-month period

22.31%

12.46%

+9.85%

Volatility (1Y)

Calculated over the trailing 1-year period

27.73%

15.13%

+12.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.85%

16.17%

+10.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.34%

17.54%

+9.80%

QTUM vs. XEU.TO - Expense Ratio Comparison

QTUM has a 0.40% expense ratio, which is higher than XEU.TO's 0.28% expense ratio.

Dividends

QTUM vs. XEU.TO - Dividend Comparison

QTUM's dividend yield for the trailing twelve months is around 0.74%, less than XEU.TO's 2.32% yield.

PositionTTM20252024202320222021202020192018201720162015
QTUM
Defiance Quantum ETF		0.74%1.01%0.61%0.81%1.46%0.48%0.42%0.61%0.21%0.00%0.00%0.00%
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

QTUM and XEU.TO have a correlation of 0.48, 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 0.40% for QTUM.

QTUM is categorized as Technology Equities, while XEU.TO is Europe Equities. QTUM tracks BlueStar Machine Learning and Quantum Computing Index, while XEU.TO tracks Morningstar Eur GR CAD. They also come from different issuers: Defiance and iShares. Their fees differ too: 0.40% for QTUM and 0.28% for XEU.TO.

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