PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
XEU.TO vs. IVLU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XEU.TO vs. IVLU

Last updated Jun 4, 2026

XEU.TO (iShares MSCI Europe IMI Index ETF) and IVLU (iShares MSCI Intl Value Factor ETF) are both exchange-traded funds - XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD, while IVLU is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Enhanced Value. Both are passively managed. Over the past 10 years, XEU.TO returned 9.77%/yr vs 11.78%/yr for IVLU. A 0.72 correlation means they provide meaningful diversification when combined. XEU.TO charges 0.28%/yr vs 0.30%/yr for IVLU.

Performance

XEU.TO vs. IVLU - 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 iShares MSCI Intl Value Factor ETF (IVLU). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

XEU.TO is traded in CAD, while IVLU is traded in USD. To make them comparable, the IVLU 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 6.82% return, which is significantly lower than IVLU's 14.08% return. Over the past 10 years, XEU.TO has underperformed IVLU with an annualized return of 9.77%, while IVLU has yielded a comparatively higher 11.78% annualized return.

XEU.TO

1D
-0.82%
1M
5.05%
YTD
6.82%
6M
8.23%
1Y
18.70%
3Y*
17.08%
5Y*
10.84%
10Y*
9.77%

IVLU

1D
-0.33%
1M
6.81%
YTD
14.08%
6M
16.15%
1Y
37.09%
3Y*
26.01%
5Y*
17.26%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEU.TO vs. IVLU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEU.TO
iShares MSCI Europe IMI Index ETF		6.82%29.40%9.36%17.36%-10.48%16.36%3.16%18.30%-8.11%18.48%
IVLU
iShares MSCI Intl Value Factor ETF		14.08%39.39%15.94%17.42%0.99%14.56%-6.11%9.92%-7.90%15.26%

Correlation

The correlation between XEU.TO and IVLU is 0.81, 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

0.81

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

0.78

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

0.76

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

0.75

Correlation (All Time)
Calculated using the full available price history since Jul 16, 2015

0.72

The correlation between XEU.TO and IVLU has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

XEU.TO vs. IVLU - Sectors Allocation Comparison

Sectors
XEU.TO
IVLU

Financial Services

22.5%
25.3%

Industrials

15.6%
17.2%

Healthcare

10.5%
9.7%

Technology

8.4%
11.3%

Consumer Defensive

8.0%
6.3%

Consumer Cyclical

6.5%
7.4%

Basic Materials

5.3%
7.5%

Energy

4.0%
5.1%

Utilities

3.5%
3.3%

Communication Services

3.3%
4.0%

Real Estate

1.4%
1.5%

Financial Services

XEU.TO
22.5%
IVLU
25.3%

Industrials

XEU.TO
15.6%
IVLU
17.2%

Healthcare

XEU.TO
10.5%
IVLU
9.7%

Technology

XEU.TO
8.4%
IVLU
11.3%

Consumer Defensive

XEU.TO
8.0%
IVLU
6.3%

Consumer Cyclical

XEU.TO
6.5%
IVLU
7.4%

Basic Materials

XEU.TO
5.3%
IVLU
7.5%

Energy

XEU.TO
4.0%
IVLU
5.1%

Utilities

XEU.TO
3.5%
IVLU
3.3%

Communication Services

XEU.TO
3.3%
IVLU
4.0%

Real Estate

XEU.TO
1.4%
IVLU
1.5%

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

iShares MSCI Intl Value Factor 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 IVLU:
IVLU vs. DFIVIVLU vs. VXUSIVLU vs. FIVAIVLU vs. IDMOIVLU vs. DISVIVLU vs. IEFAIVLU vs. SFNNX

Return for Risk

XEU.TO vs. IVLU — 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: 3535
Overall Rank
XEU.TO Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XEU.TO Sortino Ratio Rank: 3636
Sortino Ratio Rank
XEU.TO Omega Ratio Rank: 3636
Omega Ratio Rank
XEU.TO Calmar Ratio Rank: 3232
Calmar Ratio Rank
XEU.TO Martin Ratio Rank: 3838
Martin Ratio Rank
IVLU
IVLU Risk / Return Rank: 6666
Overall Rank
IVLU Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
IVLU Sortino Ratio Rank: 6969
Sortino Ratio Rank
IVLU Omega Ratio Rank: 6969
Omega Ratio Rank
IVLU Calmar Ratio Rank: 6060
Calmar Ratio Rank
IVLU Martin Ratio Rank: 6363
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. IVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe IMI Index ETF (XEU.TO) and iShares MSCI Intl Value Factor ETF (IVLU). 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.

XEU.TOIVLUDifference
Sharpe ratioReturn per unit of total volatility
1.32
2.62

-1.30

Sortino ratioReturn per unit of downside risk
1.90
3.52

-1.62

Omega ratioGain probability vs. loss probability

1.24

1.48

-0.24

Calmar ratioReturn relative to maximum drawdown

1.57

3.27

-1.70

Martin ratioReturn relative to average drawdown

6.06

13.04

-6.98

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

XEU.TO vs. IVLU - Sharpe Ratio Comparison

The current XEU.TO Sharpe Ratio is 1.32, which is lower than the IVLU Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of XEU.TO and IVLU, 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

XEU.TOIVLUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

2.62

-1.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

1.27

-0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.78

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.59

-0.06

Drawdowns

XEU.TO vs. IVLU - Drawdown Comparison

The maximum XEU.TO drawdown since its inception was -32.02%, roughly equal to the maximum IVLU drawdown of -32.87%. Use the drawdown chart below to compare losses from any high point for XEU.TO and IVLU.

Loading charts...

Drawdown Indicators

XEU.TOIVLUDifference

Max Drawdown

Largest peak-to-trough decline

-32.02%

-32.87%

+0.85%

Max Drawdown (1Y)

Largest decline over 1 year

-11.94%

-11.40%

-0.54%

Max Drawdown (3Y)

Largest decline over 3 years

-14.62%

-15.84%

+1.22%

Max Drawdown (5Y)

Largest decline over 5 years

-26.96%

-19.88%

-7.08%

Max Drawdown (10Y)

Largest decline over 10 years

-32.02%

-32.87%

+0.85%

Current Drawdown

Current decline from peak

-1.74%

-0.33%

-1.41%

Average Drawdown

Average peak-to-trough decline

-5.38%

-6.37%

+0.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

2.85%

+0.24%

Volatility

XEU.TO vs. IVLU - Volatility Comparison

iShares MSCI Europe IMI Index ETF (XEU.TO) has a higher volatility of 5.16% compared to iShares MSCI Intl Value Factor ETF (IVLU) at 4.48%. This indicates that XEU.TO's price experiences larger fluctuations and is considered to be riskier than IVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

XEU.TOIVLUDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.16%

4.48%

+0.68%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

11.66%

+0.19%

Volatility (1Y)

Calculated over the trailing 1-year period

14.22%

14.26%

-0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.72%

13.70%

+1.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

15.12%

+0.97%

XEU.TO vs. IVLU - Expense Ratio Comparison

XEU.TO has a 0.28% expense ratio, which is lower than IVLU's 0.30% expense ratio.

Dividends

XEU.TO vs. IVLU - Dividend Comparison

XEU.TO's dividend yield for the trailing twelve months is around 2.31%, less than IVLU's 3.29% yield.

PositionTTM20252024202320222021202020192018201720162015
IVLU
iShares MSCI Intl Value Factor ETF		3.29%3.71%4.46%4.69%3.59%3.47%2.05%3.53%2.82%2.87%2.53%0.93%
XEU.TO
iShares MSCI Europe IMI Index ETF		2.31%2.47%2.68%2.96%3.03%2.42%1.98%3.56%3.28%2.27%2.91%2.33%

Frequently Asked Questions

XEU.TO and IVLU have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XEU.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XEU.TO is cheaper with a 0.28% expense ratio, compared with 0.30% for IVLU.

XEU.TO is categorized as Europe Equities, while IVLU is Foreign Large Cap Equities. XEU.TO tracks Morningstar Eur GR CAD, while IVLU tracks MSCI World ex USA Enhanced Value. Their fees differ too: 0.28% for XEU.TO and 0.30% for IVLU.

Portfolio Optimizer

Find the right allocation for XEU.TO and IVLU

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