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

XEU.TO vs. XIN.TO

Last updated Jun 4, 2026

XEU.TO (iShares MSCI Europe IMI Index ETF) and XIN.TO (iShares MSCI EAFE Index ETF (CAD-Hedged)) are both exchange-traded funds - XEU.TO is a Europe Equities fund tracking the Morningstar Eur GR CAD, while XIN.TO is a Global Equities fund tracking the MSCI EAFE 100% Hedged to CAD Index. Both are passively managed. Over the past 10 years, XEU.TO returned 9.77%/yr vs 12.75%/yr for XIN.TO. A 0.68 correlation means they provide meaningful diversification when combined. XEU.TO charges 0.28%/yr vs 0.52%/yr for XIN.TO.

Performance

XEU.TO vs. XIN.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 iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO). The values are adjusted to include any dividend payments, if applicable.

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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 XIN.TO's 9.11% return. Over the past 10 years, XEU.TO has underperformed XIN.TO with an annualized return of 9.77%, while XIN.TO has yielded a comparatively higher 12.75% 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%

XIN.TO

1D
-0.52%
1M
4.48%
YTD
9.11%
6M
10.87%
1Y
21.23%
3Y*
16.54%
5Y*
15.09%
10Y*
12.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XEU.TO vs. XIN.TO - 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%
XIN.TO
iShares MSCI EAFE Index ETF (CAD-Hedged)		9.11%20.30%14.27%19.36%1.59%25.71%-0.02%24.88%-10.05%16.34%

Correlation

The correlation between XEU.TO and XIN.TO is 0.87, 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

0.87

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

0.78

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

0.77

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

0.76

Correlation (All Time)
Calculated using the full available price history since Apr 24, 2014

0.68

The correlation between XEU.TO and XIN.TO shifts across timeframes, from 0.68 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.

XEU.TO vs. XIN.TO - Sectors Allocation Comparison

Sectors
XEU.TO
XIN.TO

Financial Services

22.5%
23.3%

Industrials

15.6%
16.6%

Healthcare

10.5%
9.5%

Technology

8.4%
10.9%

Consumer Defensive

8.0%
6.8%

Consumer Cyclical

6.5%
7.2%

Basic Materials

5.3%
5.7%

Energy

4.0%
3.3%

Utilities

3.5%
3.1%

Communication Services

3.3%
4.0%

Real Estate

1.4%
1.6%

Financial Services

XEU.TO
22.5%
XIN.TO
23.3%

Industrials

XEU.TO
15.6%
XIN.TO
16.6%

Healthcare

XEU.TO
10.5%
XIN.TO
9.5%

Technology

XEU.TO
8.4%
XIN.TO
10.9%

Consumer Defensive

XEU.TO
8.0%
XIN.TO
6.8%

Consumer Cyclical

XEU.TO
6.5%
XIN.TO
7.2%

Basic Materials

XEU.TO
5.3%
XIN.TO
5.7%

Energy

XEU.TO
4.0%
XIN.TO
3.3%

Utilities

XEU.TO
3.5%
XIN.TO
3.1%

Communication Services

XEU.TO
3.3%
XIN.TO
4.0%

Real Estate

XEU.TO
1.4%
XIN.TO
1.6%

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 EAFE Index ETF (CAD-Hedged)

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 XIN.TO:
XIN.TO vs. XEF.TOXIN.TO vs. XFH.TOXIN.TO vs. XWD.TOXIN.TO vs. XIU.TOXIN.TO vs. GBAL.TOXIN.TO vs. XUS-U.TOXIN.TO vs. XDW0.L

Return for Risk

XEU.TO vs. XIN.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: 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
XIN.TO
XIN.TO Risk / Return Rank: 4848
Overall Rank
XIN.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
XIN.TO Sortino Ratio Rank: 4747
Sortino Ratio Rank
XIN.TO Omega Ratio Rank: 5050
Omega Ratio Rank
XIN.TO Calmar Ratio Rank: 4444
Calmar Ratio Rank
XIN.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. XIN.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 iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.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.TOXIN.TODifference
Sharpe ratioReturn per unit of total volatility
1.32
1.66

-0.34

Sortino ratioReturn per unit of downside risk
1.90
2.37

-0.47

Omega ratioGain probability vs. loss probability

1.24

1.32

-0.08

Calmar ratioReturn relative to maximum drawdown

1.57

2.19

-0.62

Martin ratioReturn relative to average drawdown

6.06

8.95

-2.89

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. XIN.TO - Sharpe Ratio Comparison

The current XEU.TO Sharpe Ratio is 1.32, which is comparable to the XIN.TO Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of XEU.TO and XIN.TO, 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.TOXIN.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.32

1.66

-0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

1.03

-0.29

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

0.39

+0.14

Drawdowns

XEU.TO vs. XIN.TO - Drawdown Comparison

The maximum XEU.TO drawdown since its inception was -32.02%, smaller than the maximum XIN.TO drawdown of -58.14%. Use the drawdown chart below to compare losses from any high point for XEU.TO and XIN.TO.

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Drawdown Indicators

XEU.TOXIN.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.02%

-58.14%

+26.12%

Max Drawdown (1Y)

Largest decline over 1 year

-11.94%

-9.72%

-2.22%

Max Drawdown (3Y)

Largest decline over 3 years

-14.62%

-14.23%

-0.39%

Max Drawdown (5Y)

Largest decline over 5 years

-26.96%

-15.40%

-11.56%

Max Drawdown (10Y)

Largest decline over 10 years

-32.02%

-33.68%

+1.66%

Current Drawdown

Current decline from peak

-1.74%

-0.72%

-1.02%

Average Drawdown

Average peak-to-trough decline

-5.38%

-12.36%

+6.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

2.38%

+0.71%

Volatility

XEU.TO vs. XIN.TO - Volatility Comparison

iShares MSCI Europe IMI Index ETF (XEU.TO) has a higher volatility of 5.16% compared to iShares MSCI EAFE Index ETF (CAD-Hedged) (XIN.TO) at 3.99%. This indicates that XEU.TO's price experiences larger fluctuations and is considered to be riskier than XIN.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.TOXIN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.16%

3.99%

+1.17%

Volatility (6M)

Calculated over the trailing 6-month period

11.85%

10.68%

+1.17%

Volatility (1Y)

Calculated over the trailing 1-year period

14.22%

12.83%

+1.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.72%

14.72%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.09%

16.44%

-0.35%

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

XEU.TO has a 0.28% expense ratio, which is lower than XIN.TO's 0.52% expense ratio.

Dividends

XEU.TO vs. XIN.TO - Dividend Comparison

XEU.TO's dividend yield for the trailing twelve months is around 2.31%, less than XIN.TO's 2.66% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
XIN.TO
iShares MSCI EAFE Index ETF (CAD-Hedged)		2.66%2.90%2.66%2.60%2.27%2.98%2.15%3.06%3.43%2.60%2.90%2.80%

Frequently Asked Questions

XEU.TO and XIN.TO have a correlation of 0.87, 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 0.52% for XIN.TO.

XEU.TO is categorized as Europe Equities, while XIN.TO is Global Equities. XEU.TO tracks Morningstar Eur GR CAD, while XIN.TO tracks MSCI EAFE 100% Hedged to CAD Index. Their fees differ too: 0.28% for XEU.TO and 0.52% for XIN.TO.

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