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XEM.TO vs. T.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEM.TO vs. T.TO

Last updated Jun 9, 2026

XEM.TO (iShares MSCI Emerging Markets Index ETF) is Emerging Markets Equities fund tracking the Morningstar EM GR CAD, while T.TO (TELUS Corporation) is a stock. Over the past 10 years, XEM.TO returned 9.89%/yr vs 12.82%/yr for T.TO. At a 0.23 correlation, their price movements are largely independent.

Performance

XEM.TO vs. T.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Emerging Markets Index ETF (XEM.TO) and TELUS Corporation (T.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XEM.TO achieves a 22.11% return, which is significantly higher than T.TO's -3.87% return. Over the past 10 years, XEM.TO has underperformed T.TO with an annualized return of 9.89%, while T.TO has yielded a comparatively higher 12.82% annualized return.

XEM.TO

1D
1.87%
1M
-1.17%
YTD
22.11%
6M
22.63%
1Y
45.44%
3Y*
22.07%
5Y*
8.55%
10Y*
9.89%

T.TO

1D
-1.05%
1M
-2.63%
YTD
-3.87%
6M
-4.00%
1Y
-17.45%
3Y*
-6.39%
5Y*
-3.68%
10Y*
12.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEM.TO vs. T.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEM.TO
iShares MSCI Emerging Markets Index ETF		22.11%27.25%14.98%6.49%-15.74%-4.09%14.12%11.47%-8.06%27.79%
T.TO
TELUS Corporation		-3.87%0.34%-11.50%-4.41%-8.27%23.58%113.11%21.76%3.92%21.55%

Correlation

The correlation between XEM.TO and T.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.11

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

0.14

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

0.13

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

0.21

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2009

0.23

The correlation between XEM.TO and T.TO shifts across timeframes, from 0.11 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares MSCI Emerging Markets Index ETF

TELUS Corporation

Often compared with XEM.TO:
XEM.TO vs. XEC.TOXEM.TO vs. XEF.TOXEM.TO vs. XEQT.TOXEM.TO vs. ZEA.TOXEM.TO vs. VXC.TOXEM.TO vs. VOOXEM.TO vs. VFV.TO
Often compared with T.TO:
T.TO vs. BCE.TOT.TO vs. TUT.TO vs. FTS.TOT.TO vs. RCI-B.TOT.TO vs. BTO.TOT.TO vs. BCET.TO vs. VDY.TO

Return for Risk

XEM.TO vs. T.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEM.TO
XEM.TO Risk / Return Rank: 7777
Overall Rank
XEM.TO Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XEM.TO Sortino Ratio Rank: 7272
Sortino Ratio Rank
XEM.TO Omega Ratio Rank: 7979
Omega Ratio Rank
XEM.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
XEM.TO Martin Ratio Rank: 7777
Martin Ratio Rank
T.TO
T.TO Risk / Return Rank: 1010
Overall Rank
T.TO Sharpe Ratio Rank: 44
Sharpe Ratio Rank
T.TO Sortino Ratio Rank: 88
Sortino Ratio Rank
T.TO Omega Ratio Rank: 77
Omega Ratio Rank
T.TO Calmar Ratio Rank: 1616
Calmar Ratio Rank
T.TO Martin Ratio Rank: 1313
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.

XEM.TO vs. T.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Index ETF (XEM.TO) and TELUS Corporation (T.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.

XEM.TOT.TODifference
Sharpe ratioReturn per unit of total volatility
2.24
-1.04

+3.28

Sortino ratioReturn per unit of downside risk
2.88
-1.29

+4.17

Omega ratioGain probability vs. loss probability

1.42

0.82

+0.60

Calmar ratioReturn relative to maximum drawdown

3.72

-0.71

+4.43

Martin ratioReturn relative to average drawdown

13.29

-1.27

+14.56

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XEM.TO vs. T.TO - Sharpe Ratio Comparison

The current XEM.TO Sharpe Ratio is 2.24, which is higher than the T.TO Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of XEM.TO and T.TO, 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

XEM.TOT.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

-1.04

+3.28

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

-0.23

+0.73

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.38

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.61

-0.20

Drawdowns

XEM.TO vs. T.TO - Drawdown Comparison

The maximum XEM.TO drawdown since its inception was -35.27%, smaller than the maximum T.TO drawdown of -39.72%. Use the drawdown chart below to compare losses from any high point for XEM.TO and T.TO.

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Drawdown Indicators

XEM.TOT.TODifference

Max Drawdown

Largest peak-to-trough decline

-35.27%

-39.72%

+4.45%

Max Drawdown (1Y)

Largest decline over 1 year

-12.27%

-24.59%

+12.32%

Max Drawdown (3Y)

Largest decline over 3 years

-15.30%

-24.59%

+9.29%

Max Drawdown (5Y)

Largest decline over 5 years

-31.06%

-38.60%

+7.54%

Max Drawdown (10Y)

Largest decline over 10 years

-35.27%

-38.60%

+3.33%

Current Drawdown

Current decline from peak

-6.32%

-35.84%

+29.52%

Average Drawdown

Average peak-to-trough decline

-10.50%

-10.12%

-0.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

13.81%

-10.38%

Volatility

XEM.TO vs. T.TO - Volatility Comparison

iShares MSCI Emerging Markets Index ETF (XEM.TO) has a higher volatility of 10.27% compared to TELUS Corporation (T.TO) at 3.97%. This indicates that XEM.TO's price experiences larger fluctuations and is considered to be riskier than T.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEM.TOT.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.27%

3.97%

+6.30%

Volatility (6M)

Calculated over the trailing 6-month period

18.17%

13.40%

+4.77%

Volatility (1Y)

Calculated over the trailing 1-year period

20.45%

16.82%

+3.63%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.97%

16.45%

+0.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.17%

33.58%

-15.41%

Dividends

XEM.TO vs. T.TO - Dividend Comparison

XEM.TO's dividend yield for the trailing twelve months is around 1.56%, less than T.TO's 9.82% yield.

PositionTTM20252024202320222021202020192018201720162015
T.TO
TELUS Corporation		9.82%9.14%7.99%6.17%5.19%4.27%4.70%8.96%9.28%8.27%8.61%8.78%
XEM.TO
iShares MSCI Emerging Markets Index ETF		1.56%1.90%2.08%2.39%2.10%1.91%1.28%2.56%1.95%1.78%1.97%2.24%

Frequently Asked Questions

XEM.TO and T.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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