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VDU.TO vs. XFH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDU.TO vs. XFH.TO

Last updated Jun 4, 2026

VDU.TO (Vanguard FTSE Developed All Cap ex U.S. Index ETF) and XFH.TO (iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)) are both Global Equities funds - VDU.TO tracks the FTSE Developed All Cap ex US Index while XFH.TO tracks the Morningstar DM xNA GR CAD. Both are passively managed. Over the past 10 years, VDU.TO returned 10.28%/yr vs 10.13%/yr for XFH.TO. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.22% expense ratio.

Performance

VDU.TO vs. XFH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.TO) and iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VDU.TO achieves a 16.22% return, which is significantly higher than XFH.TO's 9.22% return. Both investments have delivered pretty close results over the past 10 years, with VDU.TO having a 10.28% annualized return and XFH.TO not far behind at 10.13%.

VDU.TO

1D
-0.45%
1M
7.62%
YTD
16.22%
6M
17.26%
1Y
33.30%
3Y*
20.33%
5Y*
11.99%
10Y*
10.28%

XFH.TO

1D
-0.46%
1M
4.38%
YTD
9.22%
6M
11.32%
1Y
22.60%
3Y*
16.07%
5Y*
10.16%
10Y*
10.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDU.TO vs. XFH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VDU.TO
Vanguard FTSE Developed All Cap ex U.S. Index ETF		16.22%27.97%11.37%14.56%-9.89%10.23%7.06%15.90%-8.11%17.64%
XFH.TO
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)		9.22%21.68%11.68%18.28%-6.60%12.13%0.84%23.05%-10.97%17.50%

Correlation

The correlation between VDU.TO and XFH.TO is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.91

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

0.88

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

0.87

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

0.83

Correlation (All Time)
Calculated using the full available price history since Feb 23, 2015

0.81

The correlation between VDU.TO and XFH.TO shifts across timeframes, from 0.81 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.

VDU.TO vs. XFH.TO - Sectors Allocation Comparison

Sectors
VDU.TO
XFH.TO

Financial Services

23.3%
22.9%

Industrials

19.2%
20.5%

Technology

13.8%
10.2%

Healthcare

8.2%
9.8%

Basic Materials

7.5%
6.6%

Consumer Cyclical

7.5%
8.2%

Consumer Defensive

5.6%
6.4%

Energy

5.4%
4.0%

Communication Services

3.4%
4.5%

Utilities

3.3%
3.8%

Real Estate

2.7%
3.1%

Financial Services

VDU.TO
23.3%
XFH.TO
22.9%

Industrials

VDU.TO
19.2%
XFH.TO
20.5%

Technology

VDU.TO
13.8%
XFH.TO
10.2%

Healthcare

VDU.TO
8.2%
XFH.TO
9.8%

Basic Materials

VDU.TO
7.5%
XFH.TO
6.6%

Consumer Cyclical

VDU.TO
7.5%
XFH.TO
8.2%

Consumer Defensive

VDU.TO
5.6%
XFH.TO
6.4%

Energy

VDU.TO
5.4%
XFH.TO
4.0%

Communication Services

VDU.TO
3.4%
XFH.TO
4.5%

Utilities

VDU.TO
3.3%
XFH.TO
3.8%

Real Estate

VDU.TO
2.7%
XFH.TO
3.1%

Compare stocks, funds, or ETFs

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

Vanguard FTSE Developed All Cap ex U.S. Index ETF

iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)

Often compared with VDU.TO:
VDU.TO vs. VIU.TOVDU.TO vs. VEF.TOVDU.TO vs. ZEA.TOVDU.TO vs. XEF.TOVDU.TO vs. VIDY.TOVDU.TO vs. VFV.TOVDU.TO vs. BANK.TO
Often compared with XFH.TO:
XFH.TO vs. XEF.TOXFH.TO vs. XIN.TOXFH.TO vs. XLCXFH.TO vs. VIU.TOXFH.TO vs. VEQT.TOXFH.TO vs. QQC.TOXFH.TO vs. VOO

Return for Risk

VDU.TO vs. XFH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDU.TO
VDU.TO Risk / Return Rank: 6565
Overall Rank
VDU.TO Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
VDU.TO Sortino Ratio Rank: 6767
Sortino Ratio Rank
VDU.TO Omega Ratio Rank: 6868
Omega Ratio Rank
VDU.TO Calmar Ratio Rank: 5858
Calmar Ratio Rank
VDU.TO Martin Ratio Rank: 6565
Martin Ratio Rank
XFH.TO
XFH.TO Risk / Return Rank: 5454
Overall Rank
XFH.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
XFH.TO Sortino Ratio Rank: 5656
Sortino Ratio Rank
XFH.TO Omega Ratio Rank: 5757
Omega Ratio Rank
XFH.TO Calmar Ratio Rank: 4747
Calmar Ratio Rank
XFH.TO Martin Ratio Rank: 5555
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.

VDU.TO vs. XFH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.TO) and iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.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.

VDU.TOXFH.TODifference
Sharpe ratioReturn per unit of total volatility
2.28
1.89

+0.39

Sortino ratioReturn per unit of downside risk
3.13
2.71

+0.43

Omega ratioGain probability vs. loss probability

1.42

1.36

+0.06

Calmar ratioReturn relative to maximum drawdown

2.92

2.36

+0.56

Martin ratioReturn relative to average drawdown

12.06

9.71

+2.34

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

VDU.TO vs. XFH.TO - Sharpe Ratio Comparison

The current VDU.TO Sharpe Ratio is 2.28, which is comparable to the XFH.TO Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of VDU.TO and XFH.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

VDU.TOXFH.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

1.89

+0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

0.73

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.63

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.50

+0.19

Drawdowns

VDU.TO vs. XFH.TO - Drawdown Comparison

The maximum VDU.TO drawdown since its inception was -29.19%, smaller than the maximum XFH.TO drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for VDU.TO and XFH.TO.

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Drawdown Indicators

VDU.TOXFH.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.19%

-33.85%

+4.66%

Max Drawdown (1Y)

Largest decline over 1 year

-11.47%

-9.63%

-1.84%

Max Drawdown (3Y)

Largest decline over 3 years

-14.02%

-14.14%

+0.12%

Max Drawdown (5Y)

Largest decline over 5 years

-24.10%

-20.59%

-3.51%

Max Drawdown (10Y)

Largest decline over 10 years

-29.19%

-33.85%

+4.66%

Current Drawdown

Current decline from peak

-0.45%

-1.29%

+0.84%

Average Drawdown

Average peak-to-trough decline

-4.66%

-5.61%

+0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.77%

2.33%

+0.44%

Volatility

VDU.TO vs. XFH.TO - Volatility Comparison

Vanguard FTSE Developed All Cap ex U.S. Index ETF (VDU.TO) has a higher volatility of 5.23% compared to iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) at 4.08%. This indicates that VDU.TO's price experiences larger fluctuations and is considered to be riskier than XFH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDU.TOXFH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.23%

4.08%

+1.15%

Volatility (6M)

Calculated over the trailing 6-month period

12.47%

9.85%

+2.62%

Volatility (1Y)

Calculated over the trailing 1-year period

14.68%

12.00%

+2.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.50%

14.03%

-0.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.75%

16.16%

-1.41%

VDU.TO vs. XFH.TO - Expense Ratio Comparison

Both VDU.TO and XFH.TO have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VDU.TO vs. XFH.TO - Dividend Comparison

VDU.TO's dividend yield for the trailing twelve months is around 2.09%, more than XFH.TO's 1.98% yield.

PositionTTM20252024202320222021202020192018201720162015
VDU.TO
Vanguard FTSE Developed All Cap ex U.S. Index ETF		2.09%2.61%2.55%2.54%2.14%2.67%1.64%2.48%2.61%2.26%2.41%2.25%
XFH.TO
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)		1.98%2.16%2.47%2.91%2.91%2.29%1.73%2.43%2.66%2.11%2.03%2.45%

Frequently Asked Questions

With a correlation of 0.91, VDU.TO and XFH.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.22% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

VDU.TO and XFH.TO have the same expense ratio: 0.22% per year.

VDU.TO tracks FTSE Developed All Cap ex US Index, while XFH.TO tracks Morningstar DM xNA GR CAD. They also come from different issuers: Vanguard and iShares.

Portfolio Optimizer

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