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

XEU.TO vs. VE.TO

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Europe IMI Index ETF (XEU.TO) and Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO).

XEU.TO and VE.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XEU.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Eur GR CAD. It was launched on Apr 15, 2014. VE.TO is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe All Cap Index. It was launched on Jun 30, 2014. Both XEU.TO and VE.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XEU.TO vs. VE.TO - 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 Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO). The values are adjusted to include any dividend payments, if applicable.

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XEU.TO vs. VE.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XEU.TO
iShares MSCI Europe IMI Index ETF		0.19%29.40%9.36%17.36%-10.48%16.36%3.16%18.30%-8.11%18.48%
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF		0.12%29.58%10.77%16.67%-10.07%15.65%3.00%18.14%-7.96%18.82%

Returns By Period

In the year-to-date period, XEU.TO achieves a 0.19% return, which is significantly higher than VE.TO's 0.12% return. Both investments have delivered pretty close results over the past 10 years, with XEU.TO having a 9.38% annualized return and VE.TO not far ahead at 9.42%.

XEU.TO

1D
3.04%
1M
-6.44%
YTD
0.19%
6M
4.36%
1Y
16.75%
3Y*
14.84%
5Y*
10.47%
10Y*
9.38%

VE.TO

1D
3.10%
1M
-6.68%
YTD
0.12%
6M
4.21%
1Y
16.44%
3Y*
15.23%
5Y*
10.71%
10Y*
9.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

Vanguard FTSE Developed Europe All Cap Index ETF

Often compared with XEU.TO:
XEU.TO vs. XEH.TOXEU.TO vs. XEF.TOXEU.TO vs. VEAXEU.TO vs. HXS.TOXEU.TO vs. XUS.TOXEU.TO vs. XDIV.TOXEU.TO vs. XEQT.TO
Often compared with VE.TO:
VE.TO vs. VIU.TOVE.TO vs. VEAVE.TO vs. VA.TOVE.TO vs. XEF.TOVE.TO vs. QQQVE.TO vs. VXC.TOVE.TO vs. XSEM.TO

XEU.TO vs. VE.TO - Expense Ratio Comparison

XEU.TO has a 0.28% expense ratio, which is higher than VE.TO's 0.22% expense ratio.

XEU.TO
iShares MSCI Europe IMI Index ETF
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF

Return for Risk

XEU.TO vs. VE.TO — 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: 5757
Overall Rank
XEU.TO Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
XEU.TO Sortino Ratio Rank: 5959
Sortino Ratio Rank
XEU.TO Omega Ratio Rank: 5858
Omega Ratio Rank
XEU.TO Calmar Ratio Rank: 5555
Calmar Ratio Rank
XEU.TO Martin Ratio Rank: 5454
Martin Ratio Rank
VE.TO
VE.TO Risk / Return Rank: 5555
Overall Rank
VE.TO Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
VE.TO Sortino Ratio Rank: 5757
Sortino Ratio Rank
VE.TO Omega Ratio Rank: 5656
Omega Ratio Rank
VE.TO Calmar Ratio Rank: 5252
Calmar Ratio Rank
VE.TO Martin Ratio Rank: 5252
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. VE.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe IMI Index ETF (XEU.TO) and Vanguard FTSE Developed Europe All Cap Index ETF (VE.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.

XEU.TOVE.TODifference

Sharpe ratio

Return per unit of total volatility

1.01

1.01

0.00

Sortino ratio

Return per unit of downside risk

1.45

1.43

+0.02

Omega ratio

Gain probability vs. loss probability

1.21

1.20

+0.01

Calmar ratio

Return relative to maximum drawdown

1.31

1.25

+0.06

Martin ratio

Return relative to average drawdown

4.97

4.86

+0.11

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. VE.TO - Sharpe Ratio Comparison

The current XEU.TO Sharpe Ratio is 1.01, which is comparable to the VE.TO Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of XEU.TO and VE.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

XEU.TOVE.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.01

1.01

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.73

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.59

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.52

-0.01

Correlation

The correlation between XEU.TO and VE.TO is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XEU.TO vs. VE.TO - Dividend Comparison

XEU.TO's dividend yield for the trailing twelve months is around 2.46%, less than VE.TO's 2.58% yield.

TTM20252024202320222021202020192018201720162015
XEU.TO
iShares MSCI Europe IMI Index ETF		2.46%2.47%2.68%2.96%3.03%2.42%1.98%3.56%3.28%2.27%2.91%2.33%
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF		2.58%2.58%2.97%2.97%3.20%2.97%2.41%3.79%3.57%2.22%2.33%2.47%

Drawdowns

XEU.TO vs. VE.TO - Drawdown Comparison

The maximum XEU.TO drawdown since its inception was -32.02%, roughly equal to the maximum VE.TO drawdown of -31.66%. Use the drawdown chart below to compare losses from any high point for XEU.TO and VE.TO.

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Drawdown Indicators

XEU.TOVE.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.02%

-31.66%

-0.36%

Max Drawdown (1Y)

Largest decline over 1 year

-11.94%

-12.68%

+0.74%

Max Drawdown (5Y)

Largest decline over 5 years

-26.96%

-27.26%

+0.30%

Max Drawdown (10Y)

Largest decline over 10 years

-32.02%

-31.66%

-0.36%

Current Drawdown

Current decline from peak

-7.18%

-7.46%

+0.28%

Average Drawdown

Average peak-to-trough decline

-5.41%

-5.63%

+0.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.14%

3.26%

-0.12%

Volatility

XEU.TO vs. VE.TO - Volatility Comparison

iShares MSCI Europe IMI Index ETF (XEU.TO) and Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO) have volatilities of 7.53% and 7.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XEU.TOVE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.53%

7.86%

-0.33%

Volatility (6M)

Calculated over the trailing 6-month period

10.47%

10.66%

-0.19%

Volatility (1Y)

Calculated over the trailing 1-year period

16.67%

16.35%

+0.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.48%

14.78%

-0.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.99%

16.05%

-0.06%