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

VVO.TO vs. XEF-U.TO

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Global Minimum Volatility ETF (VVO.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO).

VVO.TO and XEF-U.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VVO.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 14, 2016. XEF-U.TO is a passively managed fund by iShares that tracks the performance of the MSCI EAFE® Investable Market Index. It was launched on Oct 9, 2019. Both VVO.TO and XEF-U.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Global Minimum Volatility ETF (VVO.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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VVO.TO vs. XEF-U.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VVO.TO
Vanguard Global Minimum Volatility ETF		1.96%9.74%13.56%4.87%-5.18%10.43%-2.48%1.89%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		3.66%25.24%11.01%13.30%-9.39%9.81%6.64%2.91%
Different Trading Currencies

VVO.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, VVO.TO achieves a 1.96% return, which is significantly lower than XEF-U.TO's 3.66% return.

VVO.TO

1D
0.02%
1M
-4.98%
YTD
1.96%
6M
2.71%
1Y
6.84%
3Y*
10.10%
5Y*
5.95%
10Y*
—

XEF-U.TO

1D
2.10%
1M
-3.21%
YTD
3.66%
6M
5.77%
1Y
21.74%
3Y*
15.20%
5Y*
9.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Vanguard Global Minimum Volatility ETF

iShares Core MSCI EAFE IMI Index ETF

Often compared with VVO.TO:
VVO.TO vs. TILV.TOVVO.TO vs. XEQT.TOVVO.TO vs. FLVI.NEOVVO.TO vs. VVL.TOVVO.TO vs. VTVVO.TO vs. ZLB.TOVVO.TO vs. XCNS.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

VVO.TO vs. XEF-U.TO - Expense Ratio Comparison

VVO.TO has a 0.39% expense ratio, which is higher than XEF-U.TO's 0.21% expense ratio.

VVO.TO
Vanguard Global Minimum Volatility ETF
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVO.TO
VVO.TO Risk / Return Rank: 3434
Overall Rank
VVO.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
VVO.TO Sortino Ratio Rank: 3030
Sortino Ratio Rank
VVO.TO Omega Ratio Rank: 3333
Omega Ratio Rank
VVO.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
VVO.TO Martin Ratio Rank: 4141
Martin Ratio Rank
XEF-U.TO
XEF-U.TO Risk / Return Rank: 7373
Overall Rank
XEF-U.TO Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
XEF-U.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
XEF-U.TO Omega Ratio Rank: 7676
Omega Ratio Rank
XEF-U.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
XEF-U.TO Martin Ratio Rank: 6868
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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility ETF (VVO.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.

VVO.TOXEF-U.TODifference

Sharpe ratio

Return per unit of total volatility

0.65

1.37

-0.72

Sortino ratio

Return per unit of downside risk

0.94

1.81

-0.88

Omega ratio

Gain probability vs. loss probability

1.15

1.27

-0.13

Calmar ratio

Return relative to maximum drawdown

1.04

1.53

-0.49

Martin ratio

Return relative to average drawdown

4.21

6.08

-1.87

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

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

The current VVO.TO Sharpe Ratio is 0.65, which is lower than the XEF-U.TO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of VVO.TO and XEF-U.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VVO.TOXEF-U.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.65

1.37

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.61

0.87

-0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.86

-0.30

Correlation

The correlation between VVO.TO and XEF-U.TO is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

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

VVO.TO's dividend yield for the trailing twelve months is around 2.09%, more than XEF-U.TO's 1.74% yield.

TTM2025202420232022202120202019201820172016
VVO.TO
Vanguard Global Minimum Volatility ETF		2.09%2.13%2.05%2.68%1.55%2.30%2.23%2.22%1.87%2.07%0.71%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		1.74%1.78%2.04%2.08%2.43%1.94%1.40%0.77%0.00%0.00%0.00%

Drawdowns

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

The maximum VVO.TO drawdown since its inception was -33.20%, which is greater than XEF-U.TO's maximum drawdown of -27.28%. Use the drawdown chart below to compare losses from any high point for VVO.TO and XEF-U.TO.

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Drawdown Indicators

VVO.TOXEF-U.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.20%

-33.72%

+0.52%

Max Drawdown (1Y)

Largest decline over 1 year

-6.98%

-11.67%

+4.69%

Max Drawdown (5Y)

Largest decline over 5 years

-14.37%

-31.18%

+16.81%

Current Drawdown

Current decline from peak

-4.98%

-6.88%

+1.90%

Average Drawdown

Average peak-to-trough decline

-3.47%

-5.72%

+2.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

3.08%

-1.35%

Volatility

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

The current volatility for Vanguard Global Minimum Volatility ETF (VVO.TO) is 3.45%, while iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) has a volatility of 7.80%. This indicates that VVO.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

VVO.TOXEF-U.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.45%

7.80%

-4.35%

Volatility (6M)

Calculated over the trailing 6-month period

5.81%

10.88%

-5.07%

Volatility (1Y)

Calculated over the trailing 1-year period

10.53%

16.11%

-5.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.82%

17.80%

-7.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.15%

20.50%

-8.35%