XEF.TO vs. VIDY.TO
XEF.TO (iShares Core MSCI EAFE IMI Index ETF) and VIDY.TO (Vanguard FTSE Developed ex North America High Dividend Yield Index ETF) are both Foreign Large Cap Equities funds - XEF.TO tracks the MSCI EAFE Investable Market Index (CAD) while VIDY.TO tracks the FTSE Developed ex North America High Dividend Yield Index. Both are passively managed. Over the past 5 years, XEF.TO returned 10.89%/yr vs 15.12%/yr for VIDY.TO. Their correlation of 0.80 suggests significant overlap in exposure. XEF.TO charges 0.23%/yr vs 0.31%/yr for VIDY.TO.
Performance
XEF.TO vs. VIDY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEF.TO achieves a 9.95% return, which is significantly lower than VIDY.TO's 10.45% return.
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%
VIDY.TO
- 1D
- -0.53%
- 1M
- 3.26%
- YTD
- 10.45%
- 6M
- 11.80%
- 1Y
- 27.71%
- 3Y*
- 22.64%
- 5Y*
- 15.12%
- 10Y*
- —
XEF.TO vs. VIDY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 9.95% | 25.69% | 12.04% | 15.21% | -9.53% | 10.36% | 6.13% | 15.86% | -8.12% |
VIDY.TO Vanguard FTSE Developed ex North America High Dividend Yield Index ETF | 10.45% | 34.37% | 13.41% | 15.46% | 1.54% | 14.21% | -2.65% | 13.21% | -5.68% |
Correlation
The correlation between XEF.TO and VIDY.TO is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2018 | 0.80 |
The correlation between XEF.TO and VIDY.TO has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
XEF.TO vs. VIDY.TO - Sectors Allocation Comparison
Sectors
XEF.TO
VIDY.TO
Financial Services
Industrials
Technology
Healthcare
Consumer Cyclical
Basic Materials
Consumer Defensive
Communication Services
Energy
Utilities
Real Estate
Financial Services
XEF.TO
VIDY.TO
Industrials
XEF.TO
VIDY.TO
Technology
XEF.TO
VIDY.TO
Healthcare
XEF.TO
VIDY.TO
Consumer Cyclical
XEF.TO
VIDY.TO
Basic Materials
XEF.TO
VIDY.TO
Consumer Defensive
XEF.TO
VIDY.TO
Communication Services
XEF.TO
VIDY.TO
Energy
XEF.TO
VIDY.TO
Utilities
XEF.TO
VIDY.TO
Real Estate
XEF.TO
VIDY.TO
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Return for Risk
XEF.TO vs. VIDY.TO — Risk / Return Rank
XEF.TO
VIDY.TO
XEF.TO vs. VIDY.TO - 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 Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.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.TO | VIDY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.66 | -0.59 |
| Martin ratioReturn relative to average drawdown | 8.22 | 10.28 | -2.05 |
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.TO | VIDY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.68 | 2.11 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.13 | -0.33 |
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 | 0.72 | -0.01 |
Drawdowns
XEF.TO vs. VIDY.TO - Drawdown Comparison
The maximum XEF.TO drawdown since its inception was -28.51%, smaller than the maximum VIDY.TO drawdown of -31.99%. Use the drawdown chart below to compare losses from any high point for XEF.TO and VIDY.TO.
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Drawdown Indicators
| XEF.TO | VIDY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -31.99% | +3.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.27% | -10.48% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -13.89% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -24.58% | -19.02% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | — | — |
Current DrawdownCurrent decline from peak | -1.09% | -2.28% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -4.25% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.70% | +0.12% |
Volatility
XEF.TO vs. VIDY.TO - Volatility Comparison
iShares Core MSCI EAFE IMI Index ETF (XEF.TO) has a higher volatility of 4.77% compared to Vanguard FTSE Developed ex North America High Dividend Yield Index ETF (VIDY.TO) at 4.18%. This indicates that XEF.TO's price experiences larger fluctuations and is considered to be riskier than VIDY.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.TO | VIDY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.18% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 10.59% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 13.21% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 13.41% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 16.44% | -1.59% |
XEF.TO vs. VIDY.TO - Expense Ratio Comparison
XEF.TO has a 0.23% expense ratio, which is lower than VIDY.TO's 0.31% expense ratio.
Dividends
XEF.TO vs. VIDY.TO - Dividend Comparison
XEF.TO's dividend yield for the trailing twelve months is around 2.21%, less than VIDY.TO's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIDY.TO Vanguard FTSE Developed ex North America High Dividend Yield Index ETF | 2.47% | 2.80% | 3.59% | 3.89% | 4.37% | 3.28% | 3.34% | 3.36% | 0.93% | 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 VIDY.TO have a correlation of 0.89, 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 0.31% for VIDY.TO.
XEF.TO tracks MSCI EAFE Investable Market Index (CAD), while VIDY.TO tracks FTSE Developed ex North America High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.23% for XEF.TO and 0.31% for VIDY.TO.
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