XFH.TO vs. CIE.NEO
XFH.TO (iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)) and CIE.NEO (iShares International Fundamental Common Class) are both Global Equities funds from iShares - XFH.TO tracks the Morningstar DM xNA GR CAD while CIE.NEO tracks the FTSE RAFI Developed ex US 1000 Index. Both are passively managed. Over the past 10 years, XFH.TO returned 10.20%/yr vs 11.97%/yr for CIE.NEO. A 0.65 correlation means they provide meaningful diversification when combined. XFH.TO charges 0.22%/yr vs 0.73%/yr for CIE.NEO.
Performance
XFH.TO vs. CIE.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, XFH.TO achieves a 9.98% return, which is significantly lower than CIE.NEO's 18.32% return. Over the past 10 years, XFH.TO has underperformed CIE.NEO with an annualized return of 10.20%, while CIE.NEO has yielded a comparatively higher 11.97% annualized return.
XFH.TO
- 1D
- 0.70%
- 1M
- 3.65%
- YTD
- 9.98%
- 6M
- 11.71%
- 1Y
- 23.32%
- 3Y*
- 16.60%
- 5Y*
- 10.31%
- 10Y*
- 10.20%
CIE.NEO
- 1D
- 0.42%
- 1M
- 6.88%
- YTD
- 18.32%
- 6M
- 20.08%
- 1Y
- 40.12%
- 3Y*
- 24.89%
- 5Y*
- 15.60%
- 10Y*
- 11.97%
XFH.TO vs. CIE.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFH.TO iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) | 9.98% | 21.68% | 11.68% | 18.28% | -6.60% | 12.13% | 0.84% | 23.05% | -10.97% | 17.50% |
CIE.NEO iShares International Fundamental Common Class | 18.32% | 34.92% | 12.83% | 15.59% | -2.83% | 14.42% | 1.33% | 11.29% | -8.19% | 16.74% |
Correlation
The correlation between XFH.TO and CIE.NEO is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.65 |
The correlation between XFH.TO and CIE.NEO shifts across timeframes, from 0.65 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XFH.TO vs. CIE.NEO — Risk / Return Rank
XFH.TO
CIE.NEO
XFH.TO vs. CIE.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) and iShares International Fundamental Common Class (CIE.NEO). 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.
| XFH.TO | CIE.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.55 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.63 | -1.20 |
| Martin ratioReturn relative to average drawdown | 10.02 | 15.02 | -5.00 |
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
| XFH.TO | CIE.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 2.89 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 1.13 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.66 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.44 | +0.07 |
Drawdowns
XFH.TO vs. CIE.NEO - Drawdown Comparison
The maximum XFH.TO drawdown since its inception was -33.85%, smaller than the maximum CIE.NEO drawdown of -40.08%. Use the drawdown chart below to compare losses from any high point for XFH.TO and CIE.NEO.
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Drawdown Indicators
| XFH.TO | CIE.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -40.08% | +6.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.63% | -11.10% | +1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -15.44% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.59% | -20.55% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | -40.08% | +6.23% |
Current DrawdownCurrent decline from peak | -0.60% | 0.00% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -7.13% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.68% | -0.35% |
Volatility
XFH.TO vs. CIE.NEO - Volatility Comparison
The current volatility for iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) is 3.93%, while iShares International Fundamental Common Class (CIE.NEO) has a volatility of 4.82%. This indicates that XFH.TO experiences smaller price fluctuations and is considered to be less risky than CIE.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFH.TO | CIE.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 4.82% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 11.56% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 13.94% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 13.85% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 18.18% | -2.02% |
XFH.TO vs. CIE.NEO - Expense Ratio Comparison
XFH.TO has a 0.22% expense ratio, which is lower than CIE.NEO's 0.73% expense ratio.
Dividends
XFH.TO vs. CIE.NEO - Dividend Comparison
XFH.TO's dividend yield for the trailing twelve months is around 1.96%, less than CIE.NEO's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIE.NEO iShares International Fundamental Common Class | 2.11% | 2.53% | 2.82% | 3.08% | 3.32% | 2.89% | 2.15% | 3.63% | 3.12% | 2.67% | 2.80% | 2.44% |
XFH.TO iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) | 1.96% | 2.16% | 2.47% | 2.91% | 2.91% | 2.29% | 1.73% | 2.43% | 2.66% | 2.11% | 2.03% | 2.45% |
Frequently Asked Questions
XFH.TO and CIE.NEO have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFH.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFH.TO is cheaper with a 0.22% expense ratio, compared with 0.73% for CIE.NEO.
XFH.TO tracks Morningstar DM xNA GR CAD, while CIE.NEO tracks FTSE RAFI Developed ex US 1000 Index. Their fees differ too: 0.22% for XFH.TO and 0.73% for CIE.NEO.
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