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

XEF.TO vs. IXN

Last updated Jun 9, 2026

XEF.TO (iShares Core MSCI EAFE IMI Index ETF) and IXN (iShares Global Tech ETF) are both exchange-traded funds - XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD), while IXN is a Technology Equities fund tracking the S&P Global Information Technology Sector Index. Both are passively managed. Over the past 10 years, XEF.TO returned 10.10%/yr vs 25.90%/yr for IXN. A 0.58 correlation means they provide meaningful diversification when combined. XEF.TO charges 0.23%/yr vs 0.46%/yr for IXN.

Performance

XEF.TO vs. IXN - 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 iShares Global Tech ETF (IXN). 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 IXN is traded in USD. To make them comparable, the IXN 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 lower than IXN's 34.36% return. Over the past 10 years, XEF.TO has underperformed IXN with an annualized return of 10.10%, while IXN has yielded a comparatively higher 25.90% 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%

IXN

1D
2.69%
1M
6.33%
YTD
34.36%
6M
31.08%
1Y
64.86%
3Y*
35.13%
5Y*
25.12%
10Y*
25.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEF.TO vs. IXN - 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%
IXN
iShares Global Tech ETF		34.41%19.53%35.41%49.34%-25.42%29.52%40.22%41.79%2.51%31.67%

Correlation

The correlation between XEF.TO and IXN is 0.54, 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

0.54

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

0.54

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

0.59

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

0.59

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

0.59

The correlation between XEF.TO and IXN has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.

XEF.TO vs. IXN - Sectors Allocation Comparison

Sectors
XEF.TO
IXN

Financial Services

22.9%

-

Industrials

20.5%
0.2%

Technology

10.2%
99.3%

Healthcare

9.8%
0.1%

Consumer Cyclical

8.2%

-

Basic Materials

6.6%

-

Consumer Defensive

6.4%

-

Communication Services

4.4%

-

Energy

4.0%
0.1%

Utilities

3.8%

-

Real Estate

3.1%
0.0%

Financial Services

XEF.TO
22.9%
IXN

-

Industrials

XEF.TO
20.5%
IXN
0.2%

Technology

XEF.TO
10.2%
IXN
99.3%

Healthcare

XEF.TO
9.8%
IXN
0.1%

Consumer Cyclical

XEF.TO
8.2%
IXN

-

Basic Materials

XEF.TO
6.6%
IXN

-

Consumer Defensive

XEF.TO
6.4%
IXN

-

Communication Services

XEF.TO
4.4%
IXN

-

Energy

XEF.TO
4.0%
IXN
0.1%

Utilities

XEF.TO
3.8%
IXN

-

Real Estate

XEF.TO
3.1%
IXN
0.0%

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

iShares Global Tech 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 IXN:
IXN vs. VGTIXN vs. QQQIXN vs. IGMIXN vs. XLKIXN vs. FTECIXN vs. VOOIXN vs. IETC

Return for Risk

XEF.TO vs. IXN — 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
IXN
IXN Risk / Return Rank: 8484
Overall Rank
IXN Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
IXN Sortino Ratio Rank: 8080
Sortino Ratio Rank
IXN Omega Ratio Rank: 8181
Omega Ratio Rank
IXN Calmar Ratio Rank: 8787
Calmar Ratio Rank
IXN Martin Ratio Rank: 8282
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. IXN - 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 iShares Global Tech ETF (IXN). 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.TOIXNDifference
Sharpe ratioReturn per unit of total volatility
1.53
2.78

-1.25

Sortino ratioReturn per unit of downside risk
2.19
3.35

-1.16

Omega ratioGain probability vs. loss probability

1.28

1.45

-0.17

Calmar ratioReturn relative to maximum drawdown

1.90

4.64

-2.74

Martin ratioReturn relative to average drawdown

7.58

14.27

-6.69

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. IXN - Sharpe Ratio Comparison

The current XEF.TO Sharpe Ratio is 1.53, which is lower than the IXN Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of XEF.TO and IXN, 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.TOIXNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.53

2.78

-1.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.98

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

1.02

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.64

+0.06

Drawdowns

XEF.TO vs. IXN - Drawdown Comparison

The maximum XEF.TO drawdown since its inception was -28.51%, smaller than the maximum IXN drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for XEF.TO and IXN.

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Drawdown Indicators

XEF.TOIXNDifference

Max Drawdown

Largest peak-to-trough decline

-28.51%

-43.16%

+14.65%

Max Drawdown (1Y)

Largest decline over 1 year

-11.27%

-14.04%

+2.77%

Max Drawdown (3Y)

Largest decline over 3 years

-14.31%

-25.94%

+11.63%

Max Drawdown (5Y)

Largest decline over 5 years

-24.58%

-31.53%

+6.95%

Max Drawdown (10Y)

Largest decline over 10 years

-28.51%

-31.53%

+3.02%

Current Drawdown

Current decline from peak

-1.96%

-6.77%

+4.81%

Average Drawdown

Average peak-to-trough decline

-4.61%

-9.06%

+4.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

4.56%

-1.74%

Volatility

XEF.TO vs. IXN - Volatility Comparison

The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) is 4.30%, while iShares Global Tech ETF (IXN) has a volatility of 11.57%. This indicates that XEF.TO experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEF.TOIXNDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

11.57%

-7.27%

Volatility (6M)

Calculated over the trailing 6-month period

11.82%

19.85%

-8.03%

Volatility (1Y)

Calculated over the trailing 1-year period

14.06%

23.53%

-9.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.62%

25.80%

-12.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.87%

25.46%

-10.59%

XEF.TO vs. IXN - Expense Ratio Comparison

XEF.TO has a 0.23% expense ratio, which is lower than IXN's 0.46% expense ratio.

Dividends

XEF.TO vs. IXN - Dividend Comparison

XEF.TO's dividend yield for the trailing twelve months is around 2.23%, more than IXN's 0.79% yield.

PositionTTM20252024202320222021202020192018201720162015
IXN
iShares Global Tech ETF		0.79%1.04%0.43%0.55%0.81%0.58%0.63%1.06%0.94%0.93%1.03%1.12%
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 IXN have a correlation of 0.54, 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 0.46% for IXN.

XEF.TO is categorized as Foreign Large Cap Equities, while IXN is Technology Equities. XEF.TO tracks MSCI EAFE Investable Market Index (CAD), while IXN tracks S&P Global Information Technology Sector Index. Their fees differ too: 0.23% for XEF.TO and 0.46% for IXN.

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