PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XEF.TO vs. VXUS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEF.TO vs. VXUS

Last updated Jun 4, 2026

XEF.TO (iShares Core MSCI EAFE IMI Index ETF) and VXUS (Vanguard Total International Stock ETF) are both exchange-traded funds - XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD), while VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, XEF.TO returned 9.77%/yr vs 10.61%/yr for VXUS. Their correlation of 0.84 suggests significant overlap in exposure. XEF.TO charges 0.23%/yr vs 0.05%/yr for VXUS.

Performance

XEF.TO vs. VXUS - 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 Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

XEF.TO is traded in CAD, while VXUS is traded in USD. To make them comparable, the VXUS 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 9.95% return, which is significantly lower than VXUS's 16.39% return. Over the past 10 years, XEF.TO has underperformed VXUS with an annualized return of 9.77%, while VXUS has yielded a comparatively higher 10.61% annualized 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%

VXUS

1D
0.00%
1M
7.40%
YTD
16.39%
6M
17.16%
1Y
34.50%
3Y*
20.93%
5Y*
11.69%
10Y*
10.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEF.TO vs. VXUS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%-6.65%18.19%
VXUS
Vanguard Total International Stock ETF		15.70%26.28%14.10%13.31%-10.10%8.00%8.79%15.76%-7.17%19.34%

Correlation

The correlation between XEF.TO and VXUS 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

0.91

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

0.90

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

0.90

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

0.84

The correlation between XEF.TO and VXUS has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.

XEF.TO vs. VXUS - Sectors Allocation Comparison

Sectors
XEF.TO
VXUS

Financial Services

22.9%
22.3%

Industrials

20.5%
16.1%

Technology

10.2%
18.1%

Healthcare

9.8%
7.1%

Consumer Cyclical

8.2%
8.4%

Basic Materials

6.6%
7.6%

Consumer Defensive

6.4%
5.0%

Communication Services

4.4%
4.4%

Energy

4.0%
5.2%

Utilities

3.8%
3.2%

Real Estate

3.1%
2.6%

Financial Services

XEF.TO
22.9%
VXUS
22.3%

Industrials

XEF.TO
20.5%
VXUS
16.1%

Technology

XEF.TO
10.2%
VXUS
18.1%

Healthcare

XEF.TO
9.8%
VXUS
7.1%

Consumer Cyclical

XEF.TO
8.2%
VXUS
8.4%

Basic Materials

XEF.TO
6.6%
VXUS
7.6%

Consumer Defensive

XEF.TO
6.4%
VXUS
5.0%

Communication Services

XEF.TO
4.4%
VXUS
4.4%

Energy

XEF.TO
4.0%
VXUS
5.2%

Utilities

XEF.TO
3.8%
VXUS
3.2%

Real Estate

XEF.TO
3.1%
VXUS
2.6%

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

Vanguard Total International Stock 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 VXUS:
VXUS vs. VTIVXUS vs. VOOVXUS vs. VTVXUS vs. VEAVXUS vs. FZILXVXUS vs. VEUVXUS vs. SCHF

Return for Risk

XEF.TO vs. VXUS — 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: 4747
Overall Rank
XEF.TO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XEF.TO Sortino Ratio Rank: 4848
Sortino Ratio Rank
XEF.TO Omega Ratio Rank: 4848
Omega Ratio Rank
XEF.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
XEF.TO Martin Ratio Rank: 4848
Martin Ratio Rank
VXUS
VXUS Risk / Return Rank: 6060
Overall Rank
VXUS Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
VXUS Sortino Ratio Rank: 6060
Sortino Ratio Rank
VXUS Omega Ratio Rank: 6262
Omega Ratio Rank
VXUS Calmar Ratio Rank: 5656
Calmar Ratio Rank
VXUS Martin Ratio Rank: 6161
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. VXUS - 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 Total International Stock ETF (VXUS). 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.TOVXUSDifference
Sharpe ratioReturn per unit of total volatility
1.68
2.44

-0.76

Sortino ratioReturn per unit of downside risk
2.41
3.34

-0.93

Omega ratioGain probability vs. loss probability

1.31

1.46

-0.15

Calmar ratioReturn relative to maximum drawdown

2.06

3.18

-1.12

Martin ratioReturn relative to average drawdown

8.22

13.05

-4.82

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. VXUS - Sharpe Ratio Comparison

The current XEF.TO Sharpe Ratio is 1.68, which is lower than the VXUS Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of XEF.TO and VXUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

XEF.TOVXUSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.68

2.44

-0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.90

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.74

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.63

+0.07

Drawdowns

XEF.TO vs. VXUS - Drawdown Comparison

The maximum XEF.TO drawdown since its inception was -28.51%, roughly equal to the maximum VXUS drawdown of -27.91%. Use the drawdown chart below to compare losses from any high point for XEF.TO and VXUS.

Loading charts...

Drawdown Indicators

XEF.TOVXUSDifference

Max Drawdown

Largest peak-to-trough decline

-28.51%

-27.91%

-0.60%

Max Drawdown (1Y)

Largest decline over 1 year

-11.27%

-10.88%

-0.39%

Max Drawdown (3Y)

Largest decline over 3 years

-14.32%

-13.95%

-0.37%

Max Drawdown (5Y)

Largest decline over 5 years

-24.58%

-22.90%

-1.68%

Max Drawdown (10Y)

Largest decline over 10 years

-28.51%

-27.91%

-0.60%

Current Drawdown

Current decline from peak

-1.09%

0.00%

-1.09%

Average Drawdown

Average peak-to-trough decline

-4.62%

-5.12%

+0.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

2.65%

+0.17%

Volatility

XEF.TO vs. VXUS - Volatility Comparison

The current volatility for iShares Core MSCI EAFE IMI Index ETF (XEF.TO) is 4.77%, while Vanguard Total International Stock ETF (VXUS) has a volatility of 5.31%. This indicates that XEF.TO experiences smaller price fluctuations and is considered to be less risky than VXUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XEF.TOVXUSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.77%

5.31%

-0.54%

Volatility (6M)

Calculated over the trailing 6-month period

11.56%

12.25%

-0.69%

Volatility (1Y)

Calculated over the trailing 1-year period

13.85%

14.19%

-0.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.58%

13.09%

+0.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.85%

14.36%

+0.49%

XEF.TO vs. VXUS - Expense Ratio Comparison

XEF.TO has a 0.23% expense ratio, which is higher than VXUS's 0.05% expense ratio. However, 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. VXUS - Dividend Comparison

XEF.TO's dividend yield for the trailing twelve months is around 2.21%, less than VXUS's 2.66% yield.

PositionTTM20252024202320222021202020192018201720162015
VXUS
Vanguard Total International Stock ETF		2.66%3.18%3.37%3.24%3.09%3.10%2.14%3.06%3.18%2.73%2.93%2.83%
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 VXUS 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, VXUS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VXUS is cheaper with a 0.05% expense ratio, compared with 0.23% for XEF.TO.

XEF.TO is categorized as Foreign Large Cap Equities, while VXUS is Global Equities. XEF.TO tracks MSCI EAFE Investable Market Index (CAD), while VXUS tracks FTSE Global All Cap ex US Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.23% for XEF.TO and 0.05% for VXUS.

Portfolio Optimizer

Find the right allocation for XEF.TO and VXUS

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