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

XEU.TO vs. LVHI

Last updated Jun 4, 2026

XEU.TO (iShares MSCI Europe IMI Index ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past 5 years, XEU.TO returned 10.84%/yr vs 19.11%/yr for LVHI. A 0.50 correlation means they provide meaningful diversification when combined. XEU.TO charges 0.28%/yr vs 0.40%/yr for LVHI.

Performance

XEU.TO vs. LVHI - 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 Franklin International Low Volatility High Dividend Index ETF (LVHI). 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 LVHI is traded in USD. To make them comparable, the LVHI 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 LVHI's 13.13% 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%

LVHI

1D
0.24%
1M
3.51%
YTD
13.13%
6M
13.35%
1Y
31.63%
3Y*
22.31%
5Y*
19.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEU.TO vs. LVHI - 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%
LVHI
Franklin International Low Volatility High Dividend Index ETF		13.13%21.29%24.68%14.87%11.24%17.12%-10.30%12.53%2.82%5.12%

Correlation

The correlation between XEU.TO and LVHI is 0.57, 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

0.57

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

0.56

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

0.50

Correlation (All Time)
Calculated using the full available price history since Jul 29, 2016

0.50

The correlation between XEU.TO and LVHI has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

XEU.TO vs. LVHI - Sectors Allocation Comparison

Sectors
XEU.TO
LVHI

Financial Services

22.5%
23.6%

Industrials

15.6%
13.4%

Healthcare

10.5%
7.4%

Technology

8.4%
0.1%

Consumer Defensive

8.0%
8.7%

Consumer Cyclical

6.5%
5.3%

Basic Materials

5.3%
6.1%

Energy

4.0%
17.4%

Utilities

3.5%
10.4%

Communication Services

3.3%
5.8%

Real Estate

1.4%
1.9%

Financial Services

XEU.TO
22.5%
LVHI
23.6%

Industrials

XEU.TO
15.6%
LVHI
13.4%

Healthcare

XEU.TO
10.5%
LVHI
7.4%

Technology

XEU.TO
8.4%
LVHI
0.1%

Consumer Defensive

XEU.TO
8.0%
LVHI
8.7%

Consumer Cyclical

XEU.TO
6.5%
LVHI
5.3%

Basic Materials

XEU.TO
5.3%
LVHI
6.1%

Energy

XEU.TO
4.0%
LVHI
17.4%

Utilities

XEU.TO
3.5%
LVHI
10.4%

Communication Services

XEU.TO
3.3%
LVHI
5.8%

Real Estate

XEU.TO
1.4%
LVHI
1.9%

Compare stocks, funds, or ETFs

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iShares MSCI Europe IMI Index ETF

Franklin International Low Volatility High Dividend Index 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 LVHI:
LVHI vs. SCHDLVHI vs. IDVLVHI vs. DIVILVHI vs. VYMILVHI vs. VOOLVHI vs. SPYLVHI vs. VFQY

Return for Risk

XEU.TO vs. LVHI — 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
LVHI
LVHI Risk / Return Rank: 8989
Overall Rank
LVHI Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
LVHI Sortino Ratio Rank: 9191
Sortino Ratio Rank
LVHI Omega Ratio Rank: 9090
Omega Ratio Rank
LVHI Calmar Ratio Rank: 8787
Calmar Ratio Rank
LVHI Martin Ratio Rank: 8989
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. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe IMI Index ETF (XEU.TO) and Franklin International Low Volatility High Dividend Index ETF (LVHI). 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.TOLVHIDifference
Sharpe ratioReturn per unit of total volatility
1.32
3.14

-1.81

Sortino ratioReturn per unit of downside risk
1.90
4.29

-2.39

Omega ratioGain probability vs. loss probability

1.24

1.58

-0.34

Calmar ratioReturn relative to maximum drawdown

1.57

5.71

-4.14

Martin ratioReturn relative to average drawdown

6.06

20.71

-14.65

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. LVHI - Sharpe Ratio Comparison

The current XEU.TO Sharpe Ratio is 1.32, which is lower than the LVHI Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of XEU.TO and LVHI, 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

XEU.TOLVHIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

3.14

-1.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

1.86

-1.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.91

-0.38

Drawdowns

XEU.TO vs. LVHI - Drawdown Comparison

The maximum XEU.TO drawdown since its inception was -32.02%, which is greater than LVHI's maximum drawdown of -28.44%. Use the drawdown chart below to compare losses from any high point for XEU.TO and LVHI.

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Drawdown Indicators

XEU.TOLVHIDifference

Max Drawdown

Largest peak-to-trough decline

-32.02%

-28.44%

-3.58%

Max Drawdown (1Y)

Largest decline over 1 year

-11.94%

-5.57%

-6.37%

Max Drawdown (3Y)

Largest decline over 3 years

-14.62%

-12.84%

-1.78%

Max Drawdown (5Y)

Largest decline over 5 years

-26.96%

-12.84%

-14.12%

Max Drawdown (10Y)

Largest decline over 10 years

-32.02%

—

—

Current Drawdown

Current decline from peak

-1.74%

-0.71%

-1.03%

Average Drawdown

Average peak-to-trough decline

-5.38%

-4.41%

-0.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

1.53%

+1.56%

Volatility

XEU.TO vs. LVHI - Volatility Comparison

iShares MSCI Europe IMI Index ETF (XEU.TO) has a higher volatility of 5.16% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 3.02%. This indicates that XEU.TO's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEU.TOLVHIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.16%

3.02%

+2.14%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

8.03%

+3.82%

Volatility (1Y)

Calculated over the trailing 1-year period

14.22%

10.13%

+4.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.72%

10.33%

+4.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

12.99%

+3.10%

XEU.TO vs. LVHI - Expense Ratio Comparison

XEU.TO has a 0.28% expense ratio, which is lower than LVHI's 0.40% expense ratio.

Dividends

XEU.TO vs. LVHI - Dividend Comparison

XEU.TO's dividend yield for the trailing twelve months is around 2.31%, less than LVHI's 4.50% yield.

PositionTTM20252024202320222021202020192018201720162015
LVHI
Franklin International Low Volatility High Dividend Index ETF		4.50%4.92%3.98%8.12%7.74%4.13%3.97%6.67%10.67%3.38%2.02%0.00%
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 LVHI have a correlation of 0.57, 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 0.40% for LVHI.

XEU.TO is categorized as Europe Equities, while LVHI is Volatility Hedged Equity. XEU.TO tracks Morningstar Eur GR CAD, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.28% for XEU.TO and 0.40% for LVHI.

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