XEF.TO vs. FLUR.NEO
XEF.TO (iShares Core MSCI EAFE IMI Index ETF) and FLUR.NEO (Franklin International Equity Index ETF) are both Foreign Large Cap Equities funds - XEF.TO tracks the MSCI EAFE Investable Market Index (CAD) while FLUR.NEO tracks the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index-NR. Both are passively managed. Over the past 5 years, XEF.TO returned 10.89%/yr vs 11.12%/yr for FLUR.NEO. A 0.71 correlation means they provide meaningful diversification when combined. XEF.TO charges 0.23%/yr vs 0.27%/yr for FLUR.NEO.
Performance
XEF.TO vs. FLUR.NEO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with XEF.TO having a 9.95% return and FLUR.NEO slightly higher at 10.14%.
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%
FLUR.NEO
- 1D
- -0.65%
- 1M
- 4.00%
- YTD
- 10.14%
- 6M
- 10.78%
- 1Y
- 23.20%
- 3Y*
- 18.11%
- 5Y*
- 11.12%
- 10Y*
- —
XEF.TO vs. FLUR.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 9.95% | 25.69% | 12.04% | 15.21% | -9.53% | 10.36% | 6.13% | 12.33% |
FLUR.NEO Franklin International Equity Index ETF | 10.14% | 25.68% | 12.42% | 12.87% | -9.30% | 14.74% | 9.77% | 14.40% |
Correlation
The correlation between XEF.TO and FLUR.NEO is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2019 | 0.71 |
The correlation between XEF.TO and FLUR.NEO shifts across timeframes, from 0.71 (all time) to 0.88 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XEF.TO vs. FLUR.NEO — Risk / Return Rank
XEF.TO
FLUR.NEO
XEF.TO vs. FLUR.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) and Franklin International Equity Index ETF (FLUR.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.TO | FLUR.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.08 | -0.02 |
| Martin ratioReturn relative to average drawdown | 8.22 | 8.04 | +0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XEF.TO | FLUR.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 1.58 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.75 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.71 | -0.01 |
Drawdowns
XEF.TO vs. FLUR.NEO - Drawdown Comparison
The maximum XEF.TO drawdown since its inception was -28.51%, smaller than the maximum FLUR.NEO drawdown of -30.20%. Use the drawdown chart below to compare losses from any high point for XEF.TO and FLUR.NEO.
Loading charts...
Drawdown Indicators
| XEF.TO | FLUR.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -30.20% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -11.21% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -14.64% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.58% | -26.55% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -2.15% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -4.83% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.89% | -0.07% |
Volatility
XEF.TO vs. FLUR.NEO - Volatility Comparison
The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) is 4.77%, while Franklin International Equity Index ETF (FLUR.NEO) has a volatility of 5.55%. This indicates that XEF.TO experiences smaller price fluctuations and is considered to be less risky than FLUR.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XEF.TO | FLUR.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 5.55% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 11.27% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 14.75% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 15.01% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 16.96% | -2.11% |
XEF.TO vs. FLUR.NEO - Expense Ratio Comparison
XEF.TO has a 0.23% expense ratio, which is lower than FLUR.NEO's 0.27% 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.TO vs. FLUR.NEO - Dividend Comparison
XEF.TO's dividend yield for the trailing twelve months is around 2.21%, more than FLUR.NEO's 2.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLUR.NEO Franklin International Equity Index ETF | 2.18% | 2.40% | 2.76% | 2.71% | 4.16% | 1.85% | 1.97% | 3.07% | 0.00% | 0.00% | 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
XEF.TO and FLUR.NEO have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEF.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEF.TO is cheaper with a 0.23% expense ratio, compared with 0.27% for FLUR.NEO.
XEF.TO tracks MSCI EAFE Investable Market Index (CAD), while FLUR.NEO tracks Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index-NR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.23% for XEF.TO and 0.27% for FLUR.NEO.
Find the right allocation for XEF.TO and FLUR.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer