XEF-U.TO vs. VIU.TO
XEF-U.TO (iShares Core MSCI EAFE IMI Index ETF) and VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) are both exchange-traded funds - XEF-U.TO is a Global Equities fund tracking the MSCI EAFE® Investable Market Index, while VIU.TO is a International Equity fund tracking the FTSE Developed All Cap ex North America Index. Both are passively managed. Over the past 5 years, XEF-U.TO returned 7.17%/yr vs 8.90%/yr for VIU.TO. A 0.51 correlation means they provide meaningful diversification when combined. XEF-U.TO charges 0.21%/yr vs 0.23%/yr for VIU.TO.
Performance
XEF-U.TO vs. VIU.TO - Performance Comparison
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Different Trading Currencies
XEF-U.TO is traded in USD, while VIU.TO is traded in CAD. To make them comparable, the VIU.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 VIU.TO's 15.29% 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*
- —
VIU.TO
- 1D
- -0.84%
- 1M
- 5.78%
- YTD
- 15.29%
- 6M
- 17.96%
- 1Y
- 31.35%
- 3Y*
- 19.01%
- 5Y*
- 8.90%
- 10Y*
- 9.62%
XEF-U.TO vs. VIU.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% |
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF | 15.29% | 33.96% | 1.97% | 18.29% | -16.61% | 10.55% | 9.71% | 4.94% |
Correlation
The correlation between XEF-U.TO and VIU.TO is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019 | 0.51 |
Over the past year, XEF-U.TO and VIU.TO have become more correlated (0.94) 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. VIU.TO — Risk / Return Rank
XEF-U.TO
VIU.TO
XEF-U.TO vs. VIU.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 FTSE Developed All Cap ex North America Index ETF (VIU.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 | VIU.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 2.60 | -0.80 |
| Martin ratioReturn relative to average drawdown | 6.90 | 10.06 | -3.16 |
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 | VIU.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.92 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.53 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.52 | +0.16 |
Drawdowns
XEF-U.TO vs. VIU.TO - Drawdown Comparison
The maximum XEF-U.TO drawdown since its inception was -33.72%, smaller than the maximum VIU.TO drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for XEF-U.TO and VIU.TO.
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Drawdown Indicators
| XEF-U.TO | VIU.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -35.91% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -12.10% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -13.48% | -13.92% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -31.18% | -31.23% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.91% | — |
Current DrawdownCurrent decline from peak | -1.58% | -0.84% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -7.20% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 3.12% | -0.09% |
Volatility
XEF-U.TO vs. VIU.TO - Volatility Comparison
The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF-U.TO) is 5.01%, while Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) has a volatility of 6.09%. This indicates that XEF-U.TO experiences smaller price fluctuations and is considered to be less risky than VIU.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 | VIU.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 6.09% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 13.91% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 16.38% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.28% | 16.80% | +4.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.41% | 17.73% | +6.68% |
XEF-U.TO vs. VIU.TO - Expense Ratio Comparison
XEF-U.TO has a 0.21% expense ratio, which is lower than VIU.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
XEF-U.TO vs. VIU.TO - Dividend Comparison
XEF-U.TO's dividend yield for the trailing twelve months is around 1.63%, less than VIU.TO's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF | 2.16% | 2.48% | 2.55% | 2.65% | 2.75% | 2.37% | 1.97% | 2.67% | 2.75% | 2.12% | 1.71% | 0.27% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, XEF-U.TO and VIU.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-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 0.23% for VIU.TO.
XEF-U.TO is categorized as Global Equities, while VIU.TO is International Equity. XEF-U.TO tracks MSCI EAFE® Investable Market Index, while VIU.TO tracks FTSE Developed All Cap ex North America Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.21% for XEF-U.TO and 0.23% for VIU.TO.
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