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XEF.TO vs. IDMO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEF.TO vs. IDMO

Last updated Jun 9, 2026

XEF.TO (iShares Core MSCI EAFE IMI Index ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD), while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, XEF.TO returned 10.10%/yr vs 13.05%/yr for IDMO. A 0.52 correlation means they provide meaningful diversification when combined. XEF.TO charges 0.23%/yr vs 0.25%/yr for IDMO.

Performance

XEF.TO vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI EAFE IMI Index ETF (XEF.TO) and Invesco S&P International Developed Momentum ETF (IDMO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, XEF.TO achieves a 8.98% return, which is significantly higher than IDMO's 7.22% return. Over the past 10 years, XEF.TO has underperformed IDMO with an annualized return of 10.10%, while IDMO has yielded a comparatively higher 13.05% annualized return.

XEF.TO

1D
0.52%
1M
0.70%
YTD
8.98%
6M
10.55%
1Y
21.35%
3Y*
17.58%
5Y*
10.64%
10Y*
10.10%

IDMO

1D
0.92%
1M
-1.82%
YTD
7.22%
6M
9.76%
1Y
21.65%
3Y*
26.24%
5Y*
18.43%
10Y*
13.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEF.TO vs. IDMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		8.98%25.69%12.04%15.21%-9.53%10.35%6.13%15.85%-6.66%18.20%
IDMO
Invesco S&P International Developed Momentum ETF		7.25%35.68%22.34%17.30%-6.45%14.25%19.11%20.89%-9.65%20.46%

Correlation

The correlation between XEF.TO and IDMO is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.74

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Apr 16, 2013

0.52

Over the past year, XEF.TO and IDMO have become more correlated (0.78) than their long-term average of 0.52, meaning their price movements have been converging.

XEF.TO vs. IDMO - Sectors Allocation Comparison

Sectors
XEF.TO
IDMO

Financial Services

22.9%
42.4%

Industrials

20.5%
22.6%

Technology

10.2%
5.3%

Healthcare

9.8%
1.2%

Consumer Cyclical

8.2%
1.4%

Basic Materials

6.6%
10.2%

Consumer Defensive

6.4%
2.5%

Communication Services

4.4%
2.2%

Energy

4.0%
1.9%

Utilities

3.8%
8.4%

Real Estate

3.1%
2.0%

Financial Services

XEF.TO
22.9%
IDMO
42.4%

Industrials

XEF.TO
20.5%
IDMO
22.6%

Technology

XEF.TO
10.2%
IDMO
5.3%

Healthcare

XEF.TO
9.8%
IDMO
1.2%

Consumer Cyclical

XEF.TO
8.2%
IDMO
1.4%

Basic Materials

XEF.TO
6.6%
IDMO
10.2%

Consumer Defensive

XEF.TO
6.4%
IDMO
2.5%

Communication Services

XEF.TO
4.4%
IDMO
2.2%

Energy

XEF.TO
4.0%
IDMO
1.9%

Utilities

XEF.TO
3.8%
IDMO
8.4%

Real Estate

XEF.TO
3.1%
IDMO
2.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI EAFE IMI Index ETF

Invesco S&P International Developed Momentum ETF

Often compared with XEF.TO:
XEF.TO vs. XEC.TOXEF.TO vs. VIU.TOXEF.TO vs. ZEA.TOXEF.TO vs. XFH.TOXEF.TO vs. IEFAXEF.TO vs. XIC.TOXEF.TO vs. XEF-U.TO
Often compared with IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. EFGIDMO vs. AVDSIDMO vs. AVDV

Return for Risk

XEF.TO vs. IDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEF.TO
XEF.TO Risk / Return Rank: 4848
Overall Rank
XEF.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XEF.TO Sortino Ratio Rank: 5050
Sortino Ratio Rank
XEF.TO Omega Ratio Rank: 5050
Omega Ratio Rank
XEF.TO Calmar Ratio Rank: 4242
Calmar Ratio Rank
XEF.TO Martin Ratio Rank: 4949
Martin Ratio Rank
IDMO
IDMO Risk / Return Rank: 3636
Overall Rank
IDMO Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 3434
Sortino Ratio Rank
IDMO Omega Ratio Rank: 3535
Omega Ratio Rank
IDMO Calmar Ratio Rank: 3535
Calmar Ratio Rank
IDMO Martin Ratio Rank: 4343
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.TO vs. IDMO - 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 Invesco S&P International Developed Momentum ETF (IDMO). 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.TOIDMODifference
Sharpe ratioReturn per unit of total volatility
1.53
1.23

+0.29

Sortino ratioReturn per unit of downside risk
2.19
1.82

+0.37

Omega ratioGain probability vs. loss probability

1.28

1.23

+0.06

Calmar ratioReturn relative to maximum drawdown

1.90

1.82

+0.08

Martin ratioReturn relative to average drawdown

7.58

7.50

+0.07

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.TO vs. IDMO - Sharpe Ratio Comparison

The current XEF.TO Sharpe Ratio is 1.53, which is comparable to the IDMO Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of XEF.TO and IDMO, 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.TOIDMODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

1.23

+0.29

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.98

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.68

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.55

+0.15

Drawdowns

XEF.TO vs. IDMO - Drawdown Comparison

The maximum XEF.TO drawdown since its inception was -28.51%, smaller than the maximum IDMO drawdown of -30.46%. Use the drawdown chart below to compare losses from any high point for XEF.TO and IDMO.

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Drawdown Indicators

XEF.TOIDMODifference

Max Drawdown

Largest peak-to-trough decline

-28.51%

-30.46%

+1.95%

Max Drawdown (1Y)

Largest decline over 1 year

-11.27%

-11.93%

+0.66%

Max Drawdown (3Y)

Largest decline over 3 years

-14.31%

-13.13%

-1.18%

Max Drawdown (5Y)

Largest decline over 5 years

-24.58%

-21.90%

-2.68%

Max Drawdown (10Y)

Largest decline over 10 years

-28.51%

-25.51%

-3.00%

Current Drawdown

Current decline from peak

-1.96%

-3.54%

+1.58%

Average Drawdown

Average peak-to-trough decline

-4.61%

-6.99%

+2.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

2.90%

-0.08%

Volatility

XEF.TO vs. IDMO - Volatility Comparison

The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) is 4.30%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 6.42%. This indicates that XEF.TO experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEF.TOIDMODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

6.42%

-2.12%

Volatility (6M)

Calculated over the trailing 6-month period

11.82%

15.56%

-3.74%

Volatility (1Y)

Calculated over the trailing 1-year period

14.06%

17.65%

-3.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.62%

18.87%

-5.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.87%

19.19%

-4.32%

XEF.TO vs. IDMO - Expense Ratio Comparison

XEF.TO has a 0.23% expense ratio, which is lower than IDMO's 0.25% 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. IDMO - Dividend Comparison

XEF.TO's dividend yield for the trailing twelve months is around 2.23%, less than IDMO's 3.61% yield.

PositionTTM20252024202320222021202020192018201720162015
IDMO
Invesco S&P International Developed Momentum ETF		3.61%3.71%2.24%2.89%3.66%1.81%1.63%2.78%3.27%3.08%2.18%2.52%
XEF.TO
iShares Core MSCI EAFE IMI Index ETF		2.23%2.43%2.76%2.75%2.93%2.42%1.93%2.71%2.75%2.11%2.45%2.42%

Frequently Asked Questions

XEF.TO and IDMO have a correlation of 0.78, 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 0.25% for IDMO.

XEF.TO is categorized as Foreign Large Cap Equities, while IDMO is Momentum. XEF.TO tracks MSCI EAFE Investable Market Index (CAD), while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.23% for XEF.TO and 0.25% for IDMO.

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