XEF-U.TO vs. IDEV
XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - XEF-U.TO is a Global Equities fund tracking the MSCI EAFE® Investable Market Index, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, XEF-U.TO returned 8.67%/yr vs 9.02%/yr for IDEV. A 0.51 correlation means they provide meaningful diversification when combined. XEF-U.TO charges 0.21%/yr vs 0.05%/yr for IDEV.
Performance
XEF-U.TO vs. IDEV - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XEF-U.TO having a 9.71% return and IDEV slightly lower at 9.55%.
XEF-U.TO
- 1D
- 0.58%
- 1M
- 0.04%
- YTD
- 9.71%
- 6M
- 9.26%
- 1Y
- 19.86%
- 3Y*
- 16.27%
- 5Y*
- 8.67%
- 10Y*
- 6.52%
IDEV
- 1D
- 0.32%
- 1M
- -0.06%
- YTD
- 9.55%
- 6M
- 8.99%
- 1Y
- 21.04%
- 3Y*
- 17.04%
- 5Y*
- 9.02%
- 10Y*
- —
XEF-U.TO vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 9.71% | 31.70% | 3.03% | 16.71% | -14.95% | 11.35% | 10.30% | -12.37% | -7.24% | 10.44% |
IDEV iShares Core MSCI International Developed Markets ETF | 9.55% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 23.12% | -14.10% | 17.43% |
Correlation
The correlation between XEF-U.TO and IDEV is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017 | 0.51 |
Over the past year, XEF-U.TO and IDEV have become more correlated (0.92) than their long-term average of 0.51, meaning their price movements have been converging.
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Return for Risk
XEF-U.TO vs. IDEV — Risk / Return Rank
XEF-U.TO
IDEV
XEF-U.TO vs. IDEV - 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 iShares Core MSCI International Developed Markets ETF (IDEV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XEF-U.TO | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.89 | -0.15 |
| Martin ratioReturn relative to average drawdown | 6.64 | 7.35 | -0.71 |
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Drawdowns
XEF-U.TO vs. IDEV - Drawdown Comparison
The maximum XEF-U.TO drawdown since its inception was -46.92%, which is greater than IDEV's maximum drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for XEF-U.TO and IDEV.
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Drawdown Indicators
| XEF-U.TO | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.92% | -34.77% | -12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -11.20% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.85% | -13.41% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -29.15% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -46.92% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -0.89% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -6.52% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.87% | +0.14% |
Volatility
XEF-U.TO vs. IDEV - Volatility Comparison
iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) and iShares Core MSCI International Developed Markets ETF (IDEV) have volatilities of 4.99% and 5.09%, 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
| XEF-U.TO | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 5.09% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 12.85% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 15.00% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 16.35% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 17.27% | +0.18% |
XEF-U.TO vs. IDEV - Expense Ratio Comparison
XEF-U.TO has a 0.21% expense ratio, which is higher than IDEV's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XEF-U.TO vs. IDEV - Dividend Comparison
XEF-U.TO's dividend yield for the trailing twelve months is around 2.36%, less than IDEV's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDEV iShares Core MSCI International Developed Markets ETF | 3.23% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% | 0.00% | 0.00% |
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 2.36% | 2.44% | 2.85% | 2.76% | 2.98% | 2.43% | 1.86% | 2.72% | 2.07% | 1.62% | 1.84% | 1.86% |
Frequently Asked Questions
With a correlation of 0.92, XEF-U.TO and IDEV 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, IDEV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDEV is cheaper with a 0.05% expense ratio, compared with 0.21% for XEF-U.TO.
XEF-U.TO is categorized as Global Equities, while IDEV is Foreign Large Cap Equities. XEF-U.TO tracks MSCI EAFE® Investable Market Index, while IDEV tracks MSCI World ex USA Investable Market Index. Their fees differ too: 0.21% for XEF-U.TO and 0.05% for IDEV.
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