XEU.TO vs. VFV.TO
XEU.TO (iShares MSCI Europe IMI Index ETF) and VFV.TO (Vanguard S&P 500 Index ETF) are both exchange-traded funds - XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD, while VFV.TO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, XEU.TO returned 9.77%/yr vs 16.04%/yr for VFV.TO. A 0.56 correlation means they provide meaningful diversification when combined. XEU.TO charges 0.28%/yr vs 0.09%/yr for VFV.TO.
Performance
XEU.TO vs. VFV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XEU.TO achieves a 6.82% return, which is significantly lower than VFV.TO's 12.30% return. Over the past 10 years, XEU.TO has underperformed VFV.TO with an annualized return of 9.77%, while VFV.TO has yielded a comparatively higher 16.04% 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%
VFV.TO
- 1D
- -0.18%
- 1M
- 7.30%
- YTD
- 12.30%
- 6M
- 10.47%
- 1Y
- 29.48%
- 3Y*
- 23.57%
- 5Y*
- 16.84%
- 10Y*
- 16.04%
XEU.TO vs. VFV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VFV.TO Vanguard S&P 500 Index ETF | 12.30% | 12.18% | 35.23% | 23.23% | -12.58% | 27.51% | 15.62% | 25.14% | 2.94% | 13.67% |
Correlation
The correlation between XEU.TO and VFV.TO is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2014 | 0.56 |
The correlation between XEU.TO and VFV.TO shifts across timeframes, from 0.56 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
XEU.TO vs. VFV.TO - Sectors Allocation Comparison
Sectors
XEU.TO
VFV.TO
Financial Services
Industrials
Healthcare
Technology
Consumer Defensive
Consumer Cyclical
Basic Materials
Energy
Utilities
Communication Services
Real Estate
Financial Services
XEU.TO
VFV.TO
Industrials
XEU.TO
VFV.TO
Healthcare
XEU.TO
VFV.TO
Technology
XEU.TO
VFV.TO
Consumer Defensive
XEU.TO
VFV.TO
Consumer Cyclical
XEU.TO
VFV.TO
Basic Materials
XEU.TO
VFV.TO
Energy
XEU.TO
VFV.TO
Utilities
XEU.TO
VFV.TO
Communication Services
XEU.TO
VFV.TO
Real Estate
XEU.TO
VFV.TO
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Return for Risk
XEU.TO vs. VFV.TO — Risk / Return Rank
XEU.TO
VFV.TO
XEU.TO vs. VFV.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 S&P 500 Index ETF (VFV.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.TO | VFV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.48 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.44 | -1.86 |
| Martin ratioReturn relative to average drawdown | 6.06 | 13.10 | -7.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEU.TO | VFV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.59 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 1.14 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.97 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.14 | -0.61 |
Drawdowns
XEU.TO vs. VFV.TO - Drawdown Comparison
The maximum XEU.TO drawdown since its inception was -32.02%, which is greater than VFV.TO's maximum drawdown of -27.43%. Use the drawdown chart below to compare losses from any high point for XEU.TO and VFV.TO.
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Drawdown Indicators
| XEU.TO | VFV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.02% | -27.43% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -8.62% | -3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -19.05% | +4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -26.96% | -22.19% | -4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -32.02% | -27.43% | -4.59% |
Current DrawdownCurrent decline from peak | -1.74% | -0.18% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -3.35% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 2.26% | +0.83% |
Volatility
XEU.TO vs. VFV.TO - Volatility Comparison
iShares MSCI Europe IMI Index ETF (XEU.TO) has a higher volatility of 5.16% compared to Vanguard S&P 500 Index ETF (VFV.TO) at 3.05%. This indicates that XEU.TO's price experiences larger fluctuations and is considered to be riskier than VFV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEU.TO | VFV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.05% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 8.55% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 11.46% | +2.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 14.91% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 16.57% | -0.48% |
XEU.TO vs. VFV.TO - Expense Ratio Comparison
XEU.TO has a 0.28% expense ratio, which is higher than VFV.TO's 0.09% expense ratio.
Dividends
XEU.TO vs. VFV.TO - Dividend Comparison
XEU.TO's dividend yield for the trailing twelve months is around 2.31%, more than VFV.TO's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFV.TO Vanguard S&P 500 Index ETF | 0.83% | 0.92% | 0.99% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% |
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 VFV.TO have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFV.TO is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFV.TO is cheaper with a 0.09% expense ratio, compared with 0.28% for XEU.TO.
XEU.TO is categorized as Europe Equities, while VFV.TO is S&P 500. XEU.TO tracks Morningstar Eur GR CAD, while VFV.TO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.28% for XEU.TO and 0.09% for VFV.TO.
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