XDIV.TO vs. XEF.TO
XDIV.TO (iShares Core MSCI Canadian Quality Dividend Index ETF) and XEF.TO (iShares Core MSCI EAFE IMI Index ETF) are both exchange-traded funds - XDIV.TO is a Dividend fund tracking the MSCI Canada High Dividend Yield 10% Security Capped Index, while XEF.TO is a Global Equities fund tracking the Morningstar DM xNA GR CAD. Both are passively managed. Over the past 5 years, XDIV.TO returned 16.42%/yr vs 10.89%/yr for XEF.TO. A 0.59 correlation means they provide meaningful diversification when combined. XDIV.TO charges 0.11%/yr vs 0.22%/yr for XEF.TO.
Performance
XDIV.TO vs. XEF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDIV.TO achieves a 19.17% return, which is significantly higher than XEF.TO's 9.95% return.
XDIV.TO
- 1D
- 0.19%
- 1M
- 3.65%
- YTD
- 19.17%
- 6M
- 18.94%
- 1Y
- 38.61%
- 3Y*
- 22.97%
- 5Y*
- 16.42%
- 10Y*
- —
XEF.TO
- 1D
- -0.41%
- 1M
- 5.38%
- YTD
- 9.95%
- 6M
- 10.72%
- 1Y
- 23.12%
- 3Y*
- 17.83%
- 5Y*
- 10.89%
- 10Y*
- 9.77%
XDIV.TO vs. XEF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 19.17% | 24.92% | 19.56% | 11.71% | 0.29% | 32.25% | -7.81% | 24.84% | -10.04% | 8.48% |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 9.95% | 25.69% | 12.04% | 15.21% | -9.53% | 10.36% | 6.13% | 15.86% | -6.65% | 4.50% |
Correlation
The correlation between XDIV.TO and XEF.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.59 |
The correlation between XDIV.TO and XEF.TO shifts across timeframes, from 0.41 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.
XDIV.TO vs. XEF.TO - Sectors Allocation Comparison
Sectors
XDIV.TO
XEF.TO
Financial Services
Energy
Consumer Cyclical
Utilities
Technology
Communication Services
Basic Materials
-
Consumer Defensive
-
Healthcare
-
Industrials
-
Real Estate
-
Financial Services
XDIV.TO
XEF.TO
Energy
XDIV.TO
XEF.TO
Consumer Cyclical
XDIV.TO
XEF.TO
Utilities
XDIV.TO
XEF.TO
Technology
XDIV.TO
XEF.TO
Communication Services
XDIV.TO
XEF.TO
Basic Materials
XDIV.TO
-
XEF.TO
Consumer Defensive
XDIV.TO
-
XEF.TO
Healthcare
XDIV.TO
-
XEF.TO
Industrials
XDIV.TO
-
XEF.TO
Real Estate
XDIV.TO
-
XEF.TO
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Return for Risk
XDIV.TO vs. XEF.TO — Risk / Return Rank
XDIV.TO
XEF.TO
XDIV.TO vs. XEF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.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.
| XDIV.TO | XEF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.26 | ||
| Sortino ratioReturn per unit of downside risk | +4.88 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 1.31 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 16.64 | 2.06 | +14.58 |
| Martin ratioReturn relative to average drawdown | 56.55 | 8.22 | +48.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XDIV.TO | XEF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.94 | 1.68 | +3.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.57 | 0.81 | +0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.71 | +0.10 |
Drawdowns
XDIV.TO vs. XEF.TO - Drawdown Comparison
The maximum XDIV.TO drawdown since its inception was -41.30%, which is greater than XEF.TO's maximum drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for XDIV.TO and XEF.TO.
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Drawdown Indicators
| XDIV.TO | XEF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.30% | -28.51% | -12.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -11.27% | +8.94% |
Max Drawdown (3Y)Largest decline over 3 years | -10.53% | -14.32% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.60% | -24.58% | +6.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.51% | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.09% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -4.62% | +0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.82% | -2.13% |
Volatility
XDIV.TO vs. XEF.TO - Volatility Comparison
The current volatility for iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV.TO) is 2.81%, while iShares Core MSCI EAFE IMI Index ETF (XEF.TO) has a volatility of 4.77%. This indicates that XDIV.TO experiences smaller price fluctuations and is considered to be less risky than XEF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDIV.TO | XEF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 4.77% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 11.56% | -5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.85% | 13.85% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.53% | 13.58% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 14.85% | +1.16% |
XDIV.TO vs. XEF.TO - Expense Ratio Comparison
XDIV.TO has a 0.11% expense ratio, which is lower than XEF.TO's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDIV.TO vs. XEF.TO - Dividend Comparison
XDIV.TO's dividend yield for the trailing twelve months is around 3.28%, more than XEF.TO's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.28% | 3.81% | 4.29% | 4.20% | 3.95% | 3.58% | 4.58% | 4.02% | 4.85% | 1.82% | 0.00% | 0.00% |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 2.21% | 2.43% | 2.76% | 2.75% | 2.93% | 2.42% | 1.93% | 2.72% | 2.76% | 2.10% | 2.42% | 2.42% |
Frequently Asked Questions
XDIV.TO and XEF.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDIV.TO is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDIV.TO is cheaper with a 0.11% expense ratio, compared with 0.22% for XEF.TO.
XDIV.TO is categorized as Dividend, while XEF.TO is Global Equities. XDIV.TO tracks MSCI Canada High Dividend Yield 10% Security Capped Index, while XEF.TO tracks Morningstar DM xNA GR CAD. Their fees differ too: 0.11% for XDIV.TO and 0.22% for XEF.TO.
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