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

XEU.TO vs. QTUM

Last updated Jun 13, 2026

XEU.TO (iShares MSCI Europe IMI Index ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Both are passively managed. Over the past 5 years, XEU.TO returned 11.14%/yr vs 31.87%/yr for QTUM. A 0.54 correlation means they provide meaningful diversification when combined. XEU.TO charges 0.28%/yr vs 0.40%/yr for QTUM.

Performance

XEU.TO vs. QTUM - 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 Defiance Quantum ETF (QTUM). 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 QTUM is traded in USD. To make them comparable, the QTUM 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 QTUM's 50.53% 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%

QTUM

1D
1.51%
1M
12.21%
YTD
50.53%
6M
47.96%
1Y
87.23%
3Y*
50.42%
5Y*
31.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEU.TO vs. QTUM - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
XEU.TO
iShares MSCI Europe IMI Index ETF		9.50%29.40%9.34%17.38%-10.49%16.36%3.16%18.30%-9.23%
QTUM
Defiance Quantum ETF		50.53%30.41%63.29%36.54%-24.29%35.12%38.68%41.89%-16.71%

Correlation

The correlation between XEU.TO and QTUM is 0.52, 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

0.52

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

0.51

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

0.53

Correlation (All Time)
Calculated using the full available price history since Sep 5, 2018

0.54

The correlation between XEU.TO and QTUM has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.

XEU.TO vs. QTUM - Sectors Allocation Comparison

Sectors
XEU.TO
QTUM

Financial Services

22.5%

-

Industrials

15.6%
8.7%

Healthcare

10.5%
0.6%

Technology

8.4%
85.1%

Consumer Defensive

8.0%

-

Consumer Cyclical

6.5%
0.7%

Basic Materials

5.3%

-

Energy

4.0%

-

Utilities

3.5%

-

Communication Services

3.3%
4.9%

Real Estate

1.4%

-

Financial Services

XEU.TO
22.5%
QTUM

-

Industrials

XEU.TO
15.6%
QTUM
8.7%

Healthcare

XEU.TO
10.5%
QTUM
0.6%

Technology

XEU.TO
8.4%
QTUM
85.1%

Consumer Defensive

XEU.TO
8.0%
QTUM

-

Consumer Cyclical

XEU.TO
6.5%
QTUM
0.7%

Basic Materials

XEU.TO
5.3%
QTUM

-

Energy

XEU.TO
4.0%
QTUM

-

Utilities

XEU.TO
3.5%
QTUM

-

Communication Services

XEU.TO
3.3%
QTUM
4.9%

Real Estate

XEU.TO
1.4%
QTUM

-

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

Defiance Quantum 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 QTUM:
QTUM vs. QNTMQTUM vs. IONQQTUM vs. ARKQQTUM vs. FTECQTUM vs. WQTM.DEQTUM vs. RGTIQTUM vs. ITM

Return for Risk

XEU.TO vs. QTUM — 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
QTUM
QTUM Risk / Return Rank: 9090
Overall Rank
QTUM Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
QTUM Sortino Ratio Rank: 8787
Sortino Ratio Rank
QTUM Omega Ratio Rank: 8787
Omega Ratio Rank
QTUM Calmar Ratio Rank: 9292
Calmar Ratio Rank
QTUM Martin Ratio Rank: 9292
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. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe IMI Index ETF (XEU.TO) and Defiance Quantum ETF (QTUM). 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.TOQTUMDifference
Sharpe ratioReturn per unit of total volatility
1.38
3.07

-1.68

Sortino ratioReturn per unit of downside risk
2.00
3.60

-1.60

Omega ratioGain probability vs. loss probability

1.25

1.48

-0.23

Calmar ratioReturn relative to maximum drawdown

1.70

6.32

-4.61

Martin ratioReturn relative to average drawdown

6.57

21.29

-14.72

XEU.TO vs. QTUM - Sharpe Ratio Comparison

The current XEU.TO Sharpe Ratio is 1.38, which is lower than the QTUM Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of XEU.TO and QTUM, 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. QTUM - Drawdown Comparison

The maximum XEU.TO drawdown since its inception was -32.02%, roughly equal to the maximum QTUM drawdown of -33.52%. Use the drawdown chart below to compare losses from any high point for XEU.TO and QTUM.

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Drawdown Indicators

XEU.TOQTUMDifference

Max Drawdown

Largest peak-to-trough decline

-32.02%

-33.52%

+1.50%

Max Drawdown (1Y)

Largest decline over 1 year

-11.94%

-13.88%

+1.94%

Max Drawdown (3Y)

Largest decline over 3 years

-14.62%

-25.61%

+10.99%

Max Drawdown (5Y)

Largest decline over 5 years

-26.96%

-33.52%

+6.56%

Max Drawdown (10Y)

Largest decline over 10 years

-32.02%

—

—

Current Drawdown

Current decline from peak

0.00%

-3.40%

+3.40%

Average Drawdown

Average peak-to-trough decline

-5.45%

-7.39%

+1.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

4.11%

-1.01%

Volatility

XEU.TO vs. QTUM - Volatility Comparison

The current volatility for iShares MSCI Europe IMI Index ETF (XEU.TO) is 5.29%, while Defiance Quantum ETF (QTUM) has a volatility of 14.30%. This indicates that XEU.TO experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEU.TOQTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.29%

14.30%

-9.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.40%

23.53%

-11.13%

Volatility (1Y)

Calculated over the trailing 1-year period

14.72%

28.60%

-13.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.80%

27.61%

-12.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

28.04%

-11.95%

XEU.TO vs. QTUM - Expense Ratio Comparison

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

Dividends

XEU.TO vs. QTUM - Dividend Comparison

XEU.TO's dividend yield for the trailing twelve months is around 2.25%, more than QTUM's 0.73% yield.

PositionTTM20252024202320222021202020192018201720162015
QTUM
Defiance Quantum ETF		0.73%1.01%0.61%0.81%1.46%0.48%0.42%0.61%0.21%0.00%0.00%0.00%
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 QTUM have a correlation of 0.52, 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 QTUM.

XEU.TO is categorized as Europe Equities, while QTUM is Technology Equities. XEU.TO tracks Morningstar Eur GR CAD, while QTUM tracks BlueStar Machine Learning and Quantum Computing Index. They also come from different issuers: iShares and Defiance. Their fees differ too: 0.28% for XEU.TO and 0.40% for QTUM.

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