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

XEU.TO vs. IDMO

Last updated Jun 13, 2026

XEU.TO (iShares MSCI Europe IMI Index ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR 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, XEU.TO returned 10.87%/yr vs 13.61%/yr for IDMO. At a 0.48 correlation, their price movements are largely independent. XEU.TO charges 0.28%/yr vs 0.25%/yr for IDMO.

Performance

XEU.TO vs. IDMO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares MSCI Europe IMI Index ETF (XEU.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

XEU.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, XEU.TO achieves a 9.50% return, which is significantly lower than IDMO's 10.42% return. Over the past 10 years, XEU.TO has underperformed IDMO with an annualized return of 10.87%, while IDMO has yielded a comparatively higher 13.61% annualized return.

XEU.TO

1D
0.56%
1M
4.42%
YTD
9.50%
6M
11.49%
1Y
20.26%
3Y*
18.05%
5Y*
11.14%
10Y*
10.87%

IDMO

1D
1.59%
1M
0.10%
YTD
10.42%
6M
11.71%
1Y
25.94%
3Y*
27.10%
5Y*
18.90%
10Y*
13.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEU.TO vs. IDMO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEU.TO
iShares MSCI Europe IMI Index ETF		9.50%29.40%9.34%17.38%-10.49%16.36%3.16%18.30%-8.11%18.47%
IDMO
Invesco S&P International Developed Momentum ETF		10.48%35.68%22.34%17.30%-6.45%14.25%19.11%20.89%-9.65%20.46%

Correlation

The correlation between XEU.TO and IDMO is 0.74, 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

0.74

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

0.65

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

0.63

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

0.51

Correlation (All Time)
Calculated using the full available price history since Apr 22, 2014

0.48

Over the past year, XEU.TO and IDMO have become more correlated (0.74) than their long-term average of 0.48, meaning their price movements have been converging.

XEU.TO vs. IDMO - Sectors Allocation Comparison

Sectors
XEU.TO
IDMO

Financial Services

22.5%
42.4%

Industrials

15.6%
22.6%

Healthcare

10.5%
1.2%

Technology

8.4%
5.3%

Consumer Defensive

8.0%
2.5%

Consumer Cyclical

6.5%
1.4%

Basic Materials

5.3%
10.2%

Energy

4.0%
1.9%

Utilities

3.5%
8.4%

Communication Services

3.3%
2.2%

Real Estate

1.4%
2.0%

Financial Services

XEU.TO
22.5%
IDMO
42.4%

Industrials

XEU.TO
15.6%
IDMO
22.6%

Healthcare

XEU.TO
10.5%
IDMO
1.2%

Technology

XEU.TO
8.4%
IDMO
5.3%

Consumer Defensive

XEU.TO
8.0%
IDMO
2.5%

Consumer Cyclical

XEU.TO
6.5%
IDMO
1.4%

Basic Materials

XEU.TO
5.3%
IDMO
10.2%

Energy

XEU.TO
4.0%
IDMO
1.9%

Utilities

XEU.TO
3.5%
IDMO
8.4%

Communication Services

XEU.TO
3.3%
IDMO
2.2%

Real Estate

XEU.TO
1.4%
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 MSCI Europe IMI Index ETF

Invesco S&P International Developed Momentum ETF

Often compared with XEU.TO:
XEU.TO vs. XEH.TOXEU.TO vs. XEF.TOXEU.TO vs. VE.TOXEU.TO vs. VEAXEU.TO vs. HXS.TOXEU.TO vs. XUS.TOXEU.TO vs. XDIV.TO
Often compared with IDMO:
IDMO vs. MTUMIDMO vs. SPMOIDMO vs. IDHQIDMO vs. VXUSIDMO vs. AVDSIDMO vs. EFGIDMO vs. AVDV

Return for Risk

XEU.TO vs. IDMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XEU.TO
XEU.TO Risk / Return Rank: 4444
Overall Rank
XEU.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
XEU.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
XEU.TO Omega Ratio Rank: 4444
Omega Ratio Rank
XEU.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
XEU.TO Martin Ratio Rank: 4545
Martin Ratio Rank
IDMO
IDMO Risk / Return Rank: 4444
Overall Rank
IDMO Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
IDMO Sortino Ratio Rank: 4343
Sortino Ratio Rank
IDMO Omega Ratio Rank: 4242
Omega Ratio Rank
IDMO Calmar Ratio Rank: 4343
Calmar Ratio Rank
IDMO Martin Ratio Rank: 5151
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.

XEU.TO vs. IDMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe IMI Index ETF (XEU.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

XEU.TOIDMODifference
Sharpe ratioReturn per unit of total volatility
1.38
1.42

-0.04

Sortino ratioReturn per unit of downside risk
2.00
2.09

-0.09

Omega ratioGain probability vs. loss probability

1.25

1.26

-0.01

Calmar ratioReturn relative to maximum drawdown

1.70

2.18

-0.48

Martin ratioReturn relative to average drawdown

6.57

8.89

-2.32

XEU.TO vs. IDMO - Sharpe Ratio Comparison

The current XEU.TO Sharpe Ratio is 1.38, which is comparable to the IDMO Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of XEU.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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Drawdowns

XEU.TO vs. IDMO - Drawdown Comparison

The maximum XEU.TO drawdown since its inception was -32.02%, which is greater than IDMO's maximum drawdown of -30.46%. Use the drawdown chart below to compare losses from any high point for XEU.TO and IDMO.

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Drawdown Indicators

XEU.TOIDMODifference

Max Drawdown

Largest peak-to-trough decline

-32.02%

-30.46%

-1.56%

Max Drawdown (1Y)

Largest decline over 1 year

-11.94%

-11.93%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-14.62%

-13.13%

-1.49%

Max Drawdown (5Y)

Largest decline over 5 years

-26.96%

-21.90%

-5.06%

Max Drawdown (10Y)

Largest decline over 10 years

-32.02%

-25.51%

-6.51%

Current Drawdown

Current decline from peak

0.00%

-0.66%

+0.66%

Average Drawdown

Average peak-to-trough decline

-5.45%

-6.98%

+1.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

2.93%

+0.17%

Volatility

XEU.TO vs. IDMO - Volatility Comparison

The current volatility for iShares MSCI Europe IMI Index ETF (XEU.TO) is 5.29%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 8.06%. This indicates that XEU.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

XEU.TOIDMODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.29%

8.06%

-2.77%

Volatility (6M)

Calculated over the trailing 6-month period

12.40%

16.29%

-3.89%

Volatility (1Y)

Calculated over the trailing 1-year period

14.72%

18.31%

-3.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.80%

19.00%

-4.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

19.23%

-3.14%

XEU.TO vs. IDMO - Expense Ratio Comparison

XEU.TO has a 0.28% expense ratio, which is higher than IDMO's 0.25% expense ratio.

Dividends

XEU.TO vs. IDMO - Dividend Comparison

XEU.TO's dividend yield for the trailing twelve months is around 2.25%, less than IDMO's 3.52% yield.

PositionTTM20252024202320222021202020192018201720162015
IDMO
Invesco S&P International Developed Momentum ETF		3.52%3.71%2.24%2.89%3.66%1.81%1.63%2.78%3.27%3.08%2.18%2.52%
XEU.TO
iShares MSCI Europe IMI Index ETF		2.25%2.47%2.68%2.96%3.02%2.42%1.98%3.56%3.28%2.26%2.91%2.33%

Frequently Asked Questions

XEU.TO and IDMO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDMO is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDMO is cheaper with a 0.25% expense ratio, compared with 0.28% for XEU.TO.

XEU.TO is categorized as Europe Equities, while IDMO is Momentum. XEU.TO tracks Morningstar Eur GR 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: 0.28% for XEU.TO and 0.25% for IDMO.

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