XEF-U.TO vs. VEQT.TO
XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) and VEQT.TO (Vanguard All-Equity ETF Portfolio) are both Global Equities funds. XEF-U.TO is passively managed, while VEQT.TO is actively managed. Over the past 5 years, XEF-U.TO returned 7.17%/yr vs 10.86%/yr for VEQT.TO. At a 0.44 correlation, their price movements are largely independent. XEF-U.TO charges 0.21%/yr vs 0.24%/yr for VEQT.TO.
Performance
XEF-U.TO vs. VEQT.TO - Performance Comparison
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Different Trading Currencies
XEF-U.TO is traded in USD, while VEQT.TO is traded in CAD. To make them comparable, the VEQT.TO 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 VEQT.TO's 11.36% 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*
- —
VEQT.TO
- 1D
- -0.94%
- 1M
- 3.99%
- YTD
- 11.36%
- 6M
- 13.10%
- 1Y
- 29.96%
- 3Y*
- 20.98%
- 5Y*
- 10.86%
- 10Y*
- —
XEF-U.TO vs. VEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEF-U.TO iShares Core MSCI EAFE IMI Index ETF | 8.45% | 31.24% | 2.23% | 15.90% | -15.58% | 10.81% | 10.61% | 1.79% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 11.36% | 26.14% | 14.87% | 19.36% | -16.74% | 20.50% | 13.66% | 5.59% |
Correlation
The correlation between XEF-U.TO and VEQT.TO is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019 | 0.44 |
Over the past year, XEF-U.TO and VEQT.TO have become more correlated (0.84) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
XEF-U.TO vs. VEQT.TO — Risk / Return Rank
XEF-U.TO
VEQT.TO
XEF-U.TO vs. VEQT.TO - 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 Vanguard All-Equity ETF Portfolio (VEQT.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.
| XEF-U.TO | VEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.42 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 3.32 | -1.52 |
| Martin ratioReturn relative to average drawdown | 6.90 | 14.70 | -7.80 |
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
| XEF-U.TO | VEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 2.38 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.69 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.71 | -0.03 |
Drawdowns
XEF-U.TO vs. VEQT.TO - Drawdown Comparison
The maximum XEF-U.TO drawdown since its inception was -33.72%, smaller than the maximum VEQT.TO drawdown of -36.58%. Use the drawdown chart below to compare losses from any high point for XEF-U.TO and VEQT.TO.
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Drawdown Indicators
| XEF-U.TO | VEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -36.58% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -9.06% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -15.40% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.18% | -25.36% | -5.82% |
Current DrawdownCurrent decline from peak | -1.58% | -0.94% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -5.26% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.04% | +0.99% |
Volatility
XEF-U.TO vs. VEQT.TO - Volatility Comparison
iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) has a higher volatility of 5.01% compared to Vanguard All-Equity ETF Portfolio (VEQT.TO) at 3.95%. This indicates that XEF-U.TO's price experiences larger fluctuations and is considered to be riskier than VEQT.TO 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.TO | VEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 3.95% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 10.26% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 12.67% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.28% | 15.91% | +5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.41% | 18.79% | +5.62% |
XEF-U.TO vs. VEQT.TO - Expense Ratio Comparison
XEF-U.TO has a 0.21% expense ratio, which is lower than VEQT.TO's 0.24% 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
XEF-U.TO vs. VEQT.TO - Dividend Comparison
XEF-U.TO's dividend yield for the trailing twelve months is around 1.63%, more than VEQT.TO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.26% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.42% |
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 VEQT.TO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEF-U.TO is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEF-U.TO is cheaper with a 0.21% expense ratio, compared with 0.24% for VEQT.TO.
They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.21% for XEF-U.TO and 0.24% for VEQT.TO.
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