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VIU.TO vs. FEZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIU.TO vs. FEZ

Last updated Jun 13, 2026

VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) and FEZ (State Street SPDR EURO STOXX 50 ETF) are both exchange-traded funds - VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index, while FEZ is a Europe Equities fund tracking the EURO STOXX 50 Index. Both are passively managed. Over the past 10 years, VIU.TO returned 11.21%/yr vs 12.31%/yr for FEZ. A 0.73 correlation means they provide meaningful diversification when combined. VIU.TO charges 0.23%/yr vs 0.29%/yr for FEZ.

Performance

VIU.TO vs. FEZ - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) and State Street SPDR EURO STOXX 50 ETF (FEZ). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VIU.TO is traded in CAD, while FEZ is traded in USD. To make them comparable, the FEZ values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VIU.TO achieves a 17.39% return, which is significantly higher than FEZ's 9.58% return. Over the past 10 years, VIU.TO has underperformed FEZ with an annualized return of 11.21%, while FEZ has yielded a comparatively higher 12.31% annualized return.

VIU.TO

1D
0.58%
1M
3.39%
YTD
17.39%
6M
19.18%
1Y
32.93%
3Y*
20.42%
5Y*
12.03%
10Y*
11.21%

FEZ

1D
0.38%
1M
6.19%
YTD
9.58%
6M
9.73%
1Y
20.31%
3Y*
19.78%
5Y*
13.46%
10Y*
12.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIU.TO vs. FEZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		17.39%28.36%10.73%15.67%-10.63%9.76%7.57%15.31%-7.37%19.23%
FEZ
State Street SPDR EURO STOXX 50 ETF		9.58%31.52%12.34%24.14%-8.84%14.79%2.35%20.85%-8.78%16.35%

Correlation

The correlation between VIU.TO and FEZ is 0.84, 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

0.84

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

0.78

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

0.79

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

0.74

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2015

0.73

The correlation between VIU.TO and FEZ shifts across timeframes, from 0.73 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.

VIU.TO vs. FEZ - Sectors Allocation Comparison

Sectors
VIU.TO
FEZ

Financial Services

22.7%
25.1%

Industrials

19.0%
22.1%

Technology

15.0%
16.1%

Healthcare

9.2%
5.4%

Consumer Cyclical

7.6%
9.8%

Consumer Defensive

6.3%
5.5%

Basic Materials

6.2%
3.7%

Energy

3.8%
5.2%

Communication Services

3.5%
2.3%

Utilities

3.5%
4.8%

Real Estate

2.4%

-

Financial Services

VIU.TO
22.7%
FEZ
25.1%

Industrials

VIU.TO
19.0%
FEZ
22.1%

Technology

VIU.TO
15.0%
FEZ
16.1%

Healthcare

VIU.TO
9.2%
FEZ
5.4%

Consumer Cyclical

VIU.TO
7.6%
FEZ
9.8%

Consumer Defensive

VIU.TO
6.3%
FEZ
5.5%

Basic Materials

VIU.TO
6.2%
FEZ
3.7%

Energy

VIU.TO
3.8%
FEZ
5.2%

Communication Services

VIU.TO
3.5%
FEZ
2.3%

Utilities

VIU.TO
3.5%
FEZ
4.8%

Real Estate

VIU.TO
2.4%
FEZ

-

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 North America Index ETF

State Street SPDR EURO STOXX 50 ETF

Often compared with VIU.TO:
VIU.TO vs. XEF.TOVIU.TO vs. VIDY.TOVIU.TO vs. VCN.TOVIU.TO vs. VFV.TOVIU.TO vs. VDU.TOVIU.TO vs. XEQT.TOVIU.TO vs. VEQT.TO
Often compared with FEZ:
FEZ vs. VGKFEZ vs. IEURFEZ vs. EZUFEZ vs. IEVFEZ vs. VOOFEZ vs. EWQFEZ vs. EWN

Return for Risk

VIU.TO vs. FEZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIU.TO
VIU.TO Risk / Return Rank: 7171
Overall Rank
VIU.TO Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
VIU.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
VIU.TO Omega Ratio Rank: 7575
Omega Ratio Rank
VIU.TO Calmar Ratio Rank: 6464
Calmar Ratio Rank
VIU.TO Martin Ratio Rank: 7070
Martin Ratio Rank
FEZ
FEZ Risk / Return Rank: 3030
Overall Rank
FEZ Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
FEZ Sortino Ratio Rank: 3030
Sortino Ratio Rank
FEZ Omega Ratio Rank: 2828
Omega Ratio Rank
FEZ Calmar Ratio Rank: 3030
Calmar Ratio Rank
FEZ Martin Ratio Rank: 3434
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.

VIU.TO vs. FEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) and State Street SPDR EURO STOXX 50 ETF (FEZ). 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.

VIU.TOFEZDifference
Sharpe ratioReturn per unit of total volatility
2.03
1.08

+0.95

Sortino ratioReturn per unit of downside risk
2.81
1.62

+1.19

Omega ratioGain probability vs. loss probability

1.38

1.19

+0.19

Calmar ratioReturn relative to maximum drawdown

2.82

1.54

+1.28

Martin ratioReturn relative to average drawdown

11.26

5.21

+6.05

VIU.TO vs. FEZ - Sharpe Ratio Comparison

The current VIU.TO Sharpe Ratio is 2.03, which is higher than the FEZ Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of VIU.TO and FEZ, 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

VIU.TO vs. FEZ - Drawdown Comparison

The maximum VIU.TO drawdown since its inception was -29.15%, smaller than the maximum FEZ drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for VIU.TO and FEZ.

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Drawdown Indicators

VIU.TOFEZDifference

Max Drawdown

Largest peak-to-trough decline

-29.15%

-53.81%

+24.66%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-13.25%

+1.51%

Max Drawdown (3Y)

Largest decline over 3 years

-14.26%

-16.21%

+1.95%

Max Drawdown (5Y)

Largest decline over 5 years

-25.34%

-28.89%

+3.55%

Max Drawdown (10Y)

Largest decline over 10 years

-29.15%

-33.95%

+4.80%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.32%

-13.54%

+8.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.94%

3.92%

-0.98%

Volatility

VIU.TO vs. FEZ - Volatility Comparison

Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) and State Street SPDR EURO STOXX 50 ETF (FEZ) have volatilities of 6.89% and 6.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIU.TOFEZDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.89%

6.75%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

14.19%

15.82%

-1.63%

Volatility (1Y)

Calculated over the trailing 1-year period

16.29%

18.84%

-2.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.11%

21.57%

-7.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.19%

21.99%

-6.80%

VIU.TO vs. FEZ - Expense Ratio Comparison

VIU.TO has a 0.23% expense ratio, which is lower than FEZ's 0.29% expense ratio.

Dividends

VIU.TO vs. FEZ - Dividend Comparison

VIU.TO's dividend yield for the trailing twelve months is around 2.15%, less than FEZ's 2.52% yield.

PositionTTM20252024202320222021202020192018201720162015
FEZ
State Street SPDR EURO STOXX 50 ETF		2.52%2.78%2.94%2.75%3.06%2.61%2.13%2.61%3.45%2.44%3.35%3.03%
VIU.TO
Vanguard FTSE Developed All Cap ex North America Index ETF		2.15%2.48%2.56%2.66%2.76%2.38%1.98%2.68%2.76%2.13%1.72%0.28%

Frequently Asked Questions

VIU.TO and FEZ have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VIU.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VIU.TO is cheaper with a 0.23% expense ratio, compared with 0.29% for FEZ.

VIU.TO is categorized as International Equity, while FEZ is Europe Equities. VIU.TO tracks FTSE Developed All Cap ex North America Index, while FEZ tracks EURO STOXX 50 Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.23% for VIU.TO and 0.29% for FEZ.

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