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XDSR.TO vs. XEF.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDSR.TO vs. XEF.TO

Last updated Jun 4, 2026

XDSR.TO (iShares ESG Advanced MSCI EAFE Index ETF) and XEF.TO (iShares Core MSCI EAFE IMI Index ETF) are both Foreign Large Cap Equities funds from iShares - XDSR.TO tracks the MSCI EAFE Choice ESG Screened Index while XEF.TO tracks the MSCI EAFE Investable Market Index (CAD). Both are passively managed. Over the past 5 years, XDSR.TO returned 9.25%/yr vs 10.89%/yr for XEF.TO. A 0.76 correlation means they provide meaningful diversification when combined. XDSR.TO charges 0.28%/yr vs 0.23%/yr for XEF.TO.

Performance

XDSR.TO vs. XEF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.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, XDSR.TO achieves a 11.94% return, which is significantly higher than XEF.TO's 9.95% return.

XDSR.TO

1D
-0.28%
1M
7.47%
YTD
11.94%
6M
11.21%
1Y
19.37%
3Y*
15.96%
5Y*
9.25%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDSR.TO vs. XEF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
XDSR.TO
iShares ESG Advanced MSCI EAFE Index ETF		11.94%16.05%12.43%16.82%-14.11%10.05%161.23%
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		9.95%25.69%12.04%15.21%-9.53%10.36%19.86%

Correlation

The correlation between XDSR.TO and XEF.TO is 0.95, 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

0.95

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

0.87

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

0.81

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2020

0.76

The correlation between XDSR.TO and XEF.TO shifts across timeframes, from 0.76 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.

XDSR.TO vs. XEF.TO - Sectors Allocation Comparison

Sectors
XDSR.TO
XEF.TO

Financial Services

28.9%
22.9%

Technology

19.4%
10.2%

Industrials

14.1%
20.5%

Healthcare

9.9%
9.8%

Communication Services

6.1%
4.4%

Basic Materials

4.4%
6.6%

Consumer Cyclical

4.3%
8.2%

Real Estate

3.1%
3.1%

Consumer Defensive

2.5%
6.4%

Utilities

0.5%
3.8%

Energy

-

4.0%

Financial Services

XDSR.TO
28.9%
XEF.TO
22.9%

Technology

XDSR.TO
19.4%
XEF.TO
10.2%

Industrials

XDSR.TO
14.1%
XEF.TO
20.5%

Healthcare

XDSR.TO
9.9%
XEF.TO
9.8%

Communication Services

XDSR.TO
6.1%
XEF.TO
4.4%

Basic Materials

XDSR.TO
4.4%
XEF.TO
6.6%

Consumer Cyclical

XDSR.TO
4.3%
XEF.TO
8.2%

Real Estate

XDSR.TO
3.1%
XEF.TO
3.1%

Consumer Defensive

XDSR.TO
2.5%
XEF.TO
6.4%

Utilities

XDSR.TO
0.5%
XEF.TO
3.8%

Energy

XDSR.TO

-

XEF.TO
4.0%

Compare stocks, funds, or ETFs

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iShares ESG Advanced MSCI EAFE Index ETF

iShares Core MSCI EAFE IMI Index ETF

Often compared with XDSR.TO:
XDSR.TO vs. XSEA.TOXDSR.TO vs. XSEM.TOXDSR.TO vs. XEN.TOXDSR.TO vs. XAW.TOXDSR.TO vs. IMTMXDSR.TO vs. XUSR.TOXDSR.TO vs. XEQT.TO
Often compared with XEF.TO:
XEF.TO vs. XEC.TOXEF.TO vs. VIU.TOXEF.TO vs. ZEA.TOXEF.TO vs. XFH.TOXEF.TO vs. IEFAXEF.TO vs. XIC.TOXEF.TO vs. XEF-U.TO

Return for Risk

XDSR.TO vs. XEF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDSR.TO
XDSR.TO Risk / Return Rank: 3636
Overall Rank
XDSR.TO Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XDSR.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
XDSR.TO Omega Ratio Rank: 3535
Omega Ratio Rank
XDSR.TO Calmar Ratio Rank: 3333
Calmar Ratio Rank
XDSR.TO Martin Ratio Rank: 4040
Martin Ratio Rank
XEF.TO
XEF.TO Risk / Return Rank: 4747
Overall Rank
XEF.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XEF.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
XEF.TO Omega Ratio Rank: 4848
Omega Ratio Rank
XEF.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XEF.TO Martin Ratio Rank: 4848
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.

XDSR.TO vs. XEF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced MSCI EAFE Index ETF (XDSR.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.

XDSR.TOXEF.TODifference
Sharpe ratioReturn per unit of total volatility
1.29
1.68

-0.38

Sortino ratioReturn per unit of downside risk
1.94
2.41

-0.48

Omega ratioGain probability vs. loss probability

1.23

1.31

-0.08

Calmar ratioReturn relative to maximum drawdown

1.61

2.06

-0.45

Martin ratioReturn relative to average drawdown

6.32

8.22

-1.90

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

XDSR.TO vs. XEF.TO - Sharpe Ratio Comparison

The current XDSR.TO Sharpe Ratio is 1.29, which is comparable to the XEF.TO Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of XDSR.TO and XEF.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

XDSR.TOXEF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.29

1.68

-0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.81

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.71

-0.15

Drawdowns

XDSR.TO vs. XEF.TO - Drawdown Comparison

The maximum XDSR.TO drawdown since its inception was -29.13%, roughly equal to the maximum XEF.TO drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for XDSR.TO and XEF.TO.

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Drawdown Indicators

XDSR.TOXEF.TODifference

Max Drawdown

Largest peak-to-trough decline

-29.13%

-28.51%

-0.62%

Max Drawdown (1Y)

Largest decline over 1 year

-12.06%

-11.27%

-0.79%

Max Drawdown (3Y)

Largest decline over 3 years

-15.63%

-14.32%

-1.31%

Max Drawdown (5Y)

Largest decline over 5 years

-29.13%

-24.58%

-4.55%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.51%

—

Current Drawdown

Current decline from peak

-0.28%

-1.09%

+0.81%

Average Drawdown

Average peak-to-trough decline

-6.09%

-4.62%

-1.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

2.82%

+0.25%

Volatility

XDSR.TO vs. XEF.TO - Volatility Comparison

iShares ESG Advanced MSCI EAFE Index ETF (XDSR.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.TO) have volatilities of 4.96% and 4.77%, 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

XDSR.TOXEF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.96%

4.77%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

12.48%

11.56%

+0.92%

Volatility (1Y)

Calculated over the trailing 1-year period

15.05%

13.85%

+1.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.77%

13.58%

+1.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.12%

14.85%

+33.27%

XDSR.TO vs. XEF.TO - Expense Ratio Comparison

XDSR.TO has a 0.28% expense ratio, which is higher than XEF.TO's 0.23% expense ratio.

Dividends

XDSR.TO vs. XEF.TO - Dividend Comparison

XDSR.TO's dividend yield for the trailing twelve months is around 1.64%, less than XEF.TO's 2.21% yield.

PositionTTM20252024202320222021202020192018201720162015
XDSR.TO
iShares ESG Advanced MSCI EAFE Index ETF		1.64%1.84%1.94%1.94%2.27%1.45%0.77%0.00%0.00%0.00%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

With a correlation of 0.95, XDSR.TO and XEF.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.

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

XEF.TO is cheaper with a 0.23% expense ratio, compared with 0.28% for XDSR.TO.

XDSR.TO tracks MSCI EAFE Choice ESG Screened Index, while XEF.TO tracks MSCI EAFE Investable Market Index (CAD). Their fees differ too: 0.28% for XDSR.TO and 0.23% for XEF.TO.

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