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

XEF-U.TO vs. FCIN.NEO

Last updated Jun 4, 2026

XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) and FCIN.NEO (Fidelity All-International Equity ETF) are both Global Equities funds. XEF-U.TO is passively managed, while FCIN.NEO is actively managed. Over the past year, XEF-U.TO returned 20.77% vs 22.53% for FCIN.NEO. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

XEF-U.TO vs. FCIN.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) and Fidelity All-International Equity ETF (FCIN.NEO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XEF-U.TO is traded in USD, while FCIN.NEO is traded in CAD. To make them comparable, the FCIN.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XEF-U.TO achieves a 8.45% return, which is significantly lower than FCIN.NEO's 9.87% return.

XEF-U.TO

1D
-0.76%
1M
3.58%
YTD
8.45%
6M
10.90%
1Y
20.77%
3Y*
15.95%
5Y*
7.17%
10Y*
—

FCIN.NEO

1D
-0.79%
1M
0.22%
YTD
9.87%
6M
13.02%
1Y
22.53%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEF-U.TO vs. FCIN.NEO - Yearly Performance Comparison

2026 (YTD)20252024
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		8.45%31.24%3.33%
FCIN.NEO
Fidelity All-International Equity ETF		9.87%34.18%4.62%

Correlation

The correlation between XEF-U.TO and FCIN.NEO is 0.85, 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

0.85

Correlation (All Time)
Calculated using the full available price history since Feb 6, 2024

0.69

The correlation between XEF-U.TO and FCIN.NEO shifts across timeframes, from 0.69 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares Core MSCI EAFE IMI Index ETF

Fidelity All-International Equity ETF

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
Often compared with FCIN.NEO:
FCIN.NEO vs. FCID.TOFCIN.NEO vs. BREA.TOFCIN.NEO vs. XMY.TOFCIN.NEO vs. BGIE.TOFCIN.NEO vs. MEQT.TOFCIN.NEO vs. TINF.TOFCIN.NEO vs. CYH.TO

Return for Risk

XEF-U.TO vs. FCIN.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEF-U.TO
XEF-U.TO Risk / Return Rank: 3838
Overall Rank
XEF-U.TO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
XEF-U.TO Sortino Ratio Rank: 3737
Sortino Ratio Rank
XEF-U.TO Omega Ratio Rank: 3838
Omega Ratio Rank
XEF-U.TO Calmar Ratio Rank: 3636
Calmar Ratio Rank
XEF-U.TO Martin Ratio Rank: 4242
Martin Ratio Rank
FCIN.NEO
FCIN.NEO Risk / Return Rank: 5555
Overall Rank
FCIN.NEO Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
FCIN.NEO Sortino Ratio Rank: 5454
Sortino Ratio Rank
FCIN.NEO Omega Ratio Rank: 5656
Omega Ratio Rank
FCIN.NEO Calmar Ratio Rank: 5252
Calmar Ratio Rank
FCIN.NEO Martin Ratio Rank: 5858
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.

XEF-U.TO vs. FCIN.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) and Fidelity All-International Equity ETF (FCIN.NEO). 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.

XEF-U.TOFCIN.NEODifference
Sharpe ratioReturn per unit of total volatility
1.38
1.58

-0.20

Sortino ratioReturn per unit of downside risk
1.96
2.24

-0.28

Omega ratioGain probability vs. loss probability

1.26

1.29

-0.03

Calmar ratioReturn relative to maximum drawdown

1.80

2.24

-0.44

Martin ratioReturn relative to average drawdown

6.90

8.55

-1.65

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

XEF-U.TO vs. FCIN.NEO - Sharpe Ratio Comparison

The current XEF-U.TO Sharpe Ratio is 1.38, which is comparable to the FCIN.NEO Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of XEF-U.TO and FCIN.NEO, 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

XEF-U.TOFCIN.NEODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.38

1.58

-0.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

1.35

-0.67

Drawdowns

XEF-U.TO vs. FCIN.NEO - Drawdown Comparison

The maximum XEF-U.TO drawdown since its inception was -33.72%, which is greater than FCIN.NEO's maximum drawdown of -11.99%. Use the drawdown chart below to compare losses from any high point for XEF-U.TO and FCIN.NEO.

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Drawdown Indicators

XEF-U.TOFCIN.NEODifference

Max Drawdown

Largest peak-to-trough decline

-33.72%

-11.99%

-21.73%

Max Drawdown (1Y)

Largest decline over 1 year

-11.67%

-10.10%

-1.57%

Max Drawdown (3Y)

Largest decline over 3 years

-13.48%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-31.18%

—

—

Current Drawdown

Current decline from peak

-1.58%

-2.79%

+1.21%

Average Drawdown

Average peak-to-trough decline

-5.61%

-2.21%

-3.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

2.64%

+0.39%

Volatility

XEF-U.TO vs. FCIN.NEO - Volatility Comparison

The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) is 5.01%, while Fidelity All-International Equity ETF (FCIN.NEO) has a volatility of 5.55%. This indicates that XEF-U.TO experiences smaller price fluctuations and is considered to be less risky than FCIN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEF-U.TOFCIN.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.01%

5.55%

-0.54%

Volatility (6M)

Calculated over the trailing 6-month period

12.61%

11.63%

+0.98%

Volatility (1Y)

Calculated over the trailing 1-year period

15.24%

14.32%

+0.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.28%

15.19%

+6.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.41%

15.19%

+9.22%

Dividends

XEF-U.TO vs. FCIN.NEO - Dividend Comparison

XEF-U.TO's dividend yield for the trailing twelve months is around 1.63%, more than FCIN.NEO's 1.15% yield.

PositionTTM2025202420232022202120202019
FCIN.NEO
Fidelity All-International Equity ETF		1.15%1.28%1.52%0.00%0.00%0.00%0.00%0.00%
XEF-U.TO
iShares Core MSCI EAFE IMI Index ETF		1.63%1.77%2.05%2.09%2.27%1.94%1.41%0.77%

Frequently Asked Questions

XEF-U.TO and FCIN.NEO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: iShares and Fidelity.

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