XDU.TO vs. XEF.TO
XDU.TO (iShares Core MSCI US Quality Dividend Index ETF) and XEF.TO (iShares Core MSCI EAFE IMI Index ETF) are both exchange-traded funds - XDU.TO is a Large Cap Value Equities fund tracking the Morningstar US Market TR CAD, while XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD). Both are passively managed. Over the past 5 years, XDU.TO returned 9.04%/yr vs 10.89%/yr for XEF.TO. A 0.56 correlation means they provide meaningful diversification when combined. XDU.TO charges 0.16%/yr vs 0.23%/yr for XEF.TO.
Performance
XDU.TO vs. XEF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XDU.TO achieves a 11.82% return, which is significantly higher than XEF.TO's 9.95% return.
XDU.TO
- 1D
- 0.36%
- 1M
- 5.28%
- YTD
- 11.82%
- 6M
- 6.05%
- 1Y
- 16.98%
- 3Y*
- 11.88%
- 5Y*
- 9.04%
- 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%
XDU.TO vs. XEF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDU.TO iShares Core MSCI US Quality Dividend Index ETF | 11.82% | 2.42% | 14.09% | 3.53% | 1.36% | 20.68% | -1.03% | 15.73% | 4.46% | 3.74% |
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 XDU.TO and XEF.TO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2017 | 0.56 |
The correlation between XDU.TO and XEF.TO has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.
XDU.TO vs. XEF.TO - Sectors Allocation Comparison
Sectors
XDU.TO
XEF.TO
Healthcare
Consumer Defensive
Technology
Industrials
Energy
Consumer Cyclical
Financial Services
Utilities
Communication Services
Basic Materials
Real Estate
-
Healthcare
XDU.TO
XEF.TO
Consumer Defensive
XDU.TO
XEF.TO
Technology
XDU.TO
XEF.TO
Industrials
XDU.TO
XEF.TO
Energy
XDU.TO
XEF.TO
Consumer Cyclical
XDU.TO
XEF.TO
Financial Services
XDU.TO
XEF.TO
Utilities
XDU.TO
XEF.TO
Communication Services
XDU.TO
XEF.TO
Basic Materials
XDU.TO
XEF.TO
Real Estate
XDU.TO
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XEF.TO
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Return for Risk
XDU.TO vs. XEF.TO — Risk / Return Rank
XDU.TO
XEF.TO
XDU.TO vs. XEF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI US Quality Dividend Index ETF (XDU.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.
| XDU.TO | XEF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.06 | +0.72 |
| Martin ratioReturn relative to average drawdown | 8.23 | 8.22 | 0.00 |
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
| XDU.TO | XEF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.68 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.81 | -0.05 |
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 | -0.14 |
Drawdowns
XDU.TO vs. XEF.TO - Drawdown Comparison
The maximum XDU.TO drawdown since its inception was -26.12%, smaller than the maximum XEF.TO drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for XDU.TO and XEF.TO.
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Drawdown Indicators
| XDU.TO | XEF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.12% | -28.51% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -11.27% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -14.32% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -24.58% | +7.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.51% | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.09% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -4.62% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.82% | -0.75% |
Volatility
XDU.TO vs. XEF.TO - Volatility Comparison
The current volatility for iShares Core MSCI US Quality Dividend Index ETF (XDU.TO) is 2.73%, while iShares Core MSCI EAFE IMI Index ETF (XEF.TO) has a volatility of 4.77%. This indicates that XDU.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
| XDU.TO | XEF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 4.77% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 11.56% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 13.85% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 13.58% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 14.85% | +0.06% |
XDU.TO vs. XEF.TO - Expense Ratio Comparison
XDU.TO has a 0.16% expense ratio, which is lower than XEF.TO's 0.23% 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
XDU.TO vs. XEF.TO - Dividend Comparison
XDU.TO's dividend yield for the trailing twelve months is around 2.25%, more than XEF.TO's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDU.TO iShares Core MSCI US Quality Dividend Index ETF | 2.25% | 2.46% | 2.12% | 2.31% | 2.05% | 2.06% | 2.72% | 2.31% | 2.27% | 1.27% | 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
XDU.TO and XEF.TO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDU.TO is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDU.TO is cheaper with a 0.16% expense ratio, compared with 0.23% for XEF.TO.
XDU.TO is categorized as Large Cap Value Equities, while XEF.TO is Foreign Large Cap Equities. XDU.TO tracks Morningstar US Market TR CAD, while XEF.TO tracks MSCI EAFE Investable Market Index (CAD). Their fees differ too: 0.16% for XDU.TO and 0.23% for XEF.TO.
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