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XFH.TO vs. VVL.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XFH.TO vs. VVL.TO

Last updated Jul 18, 2026
Documentation

XFH.TO (iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)) and VVL.TO (Vanguard Global Value Factor ETF CAD) are both Global Equities funds. XFH.TO is passively managed, while VVL.TO is actively managed. Over the past 10 years, XFH.TO returned 10.50%/yr vs 12.27%/yr for VVL.TO. A 0.68 correlation means they provide meaningful diversification when combined. XFH.TO charges 0.22%/yr vs 0.38%/yr for VVL.TO.

Performance

XFH.TO vs. VVL.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) and Vanguard Global Value Factor ETF CAD (VVL.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, XFH.TO achieves a 11.26% return, which is significantly lower than VVL.TO's 17.21% return. Over the past 10 years, XFH.TO has underperformed VVL.TO with an annualized return of 10.50%, while VVL.TO has yielded a comparatively higher 12.27% annualized return.

XFH.TO

1D
-0.48%
1M
-0.06%
6M
6.30%
YTD
11.26%
1Y
23.01%
3Y*
16.91%
5Y*
10.91%
10Y*
10.50%

VVL.TO

1D
-0.88%
1M
3.91%
6M
11.32%
YTD
17.21%
1Y
30.32%
3Y*
20.05%
5Y*
15.08%
10Y*
12.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XFH.TO vs. VVL.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XFH.TO
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)		11.26%21.68%12.60%18.31%-6.58%12.30%0.97%23.27%-10.81%17.68%
VVL.TO
Vanguard Global Value Factor ETF CAD		17.21%18.01%15.01%16.57%0.50%29.77%-3.29%13.44%-9.39%12.34%

Correlation

The correlation between XFH.TO and VVL.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

0.66

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

0.71

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

0.68

Correlation (All Time)
Calculated using the full available price history since Jun 22, 2016

0.68

The correlation between XFH.TO and VVL.TO has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

XFH.TO vs. VVL.TO - Sectors Allocation Comparison

Sectors
XFH.TO
VVL.TO

Financial Services

22.6%
25.3%

Industrials

20.3%
9.8%

Technology

11.3%
10.5%

Healthcare

9.6%
10.8%

Consumer Cyclical

8.3%
14.8%

Basic Materials

6.8%
6.0%

Consumer Defensive

6.3%
6.5%

Communication Services

4.7%
6.1%

Energy

3.7%
9.4%

Utilities

3.6%
0.0%

Real Estate

2.9%
0.9%

Financial Services

XFH.TO
22.6%
VVL.TO
25.3%

Industrials

XFH.TO
20.3%
VVL.TO
9.8%

Technology

XFH.TO
11.3%
VVL.TO
10.5%

Healthcare

XFH.TO
9.6%
VVL.TO
10.8%

Consumer Cyclical

XFH.TO
8.3%
VVL.TO
14.8%

Basic Materials

XFH.TO
6.8%
VVL.TO
6.0%

Consumer Defensive

XFH.TO
6.3%
VVL.TO
6.5%

Communication Services

XFH.TO
4.7%
VVL.TO
6.1%

Energy

XFH.TO
3.7%
VVL.TO
9.4%

Utilities

XFH.TO
3.6%
VVL.TO
0.0%

Real Estate

XFH.TO
2.9%
VVL.TO
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)

Vanguard Global Value Factor ETF CAD

Often compared with XFH.TO:
XFH.TO vs. XEF.TOXFH.TO vs. XIN.TOXFH.TO vs. XLCXFH.TO vs. VIU.TOXFH.TO vs. QQC.TOXFH.TO vs. VEQT.TOXFH.TO vs. VOO
Often compared with VVL.TO:
VVL.TO vs. VFV.TOVVL.TO vs. XEQT.TOVVL.TO vs. VTVVVL.TO vs. VTVVL.TO vs. ZID.TOVVL.TO vs. SCHDVVL.TO vs. VGG.TO

Return for Risk

XFH.TO vs. VVL.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XFH.TO
XFH.TO Risk / Return Rank: 7070
Overall Rank
XFH.TO Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
XFH.TO Sortino Ratio Rank: 7373
Sortino Ratio Rank
XFH.TO Omega Ratio Rank: 7474
Omega Ratio Rank
XFH.TO Calmar Ratio Rank: 6161
Calmar Ratio Rank
XFH.TO Martin Ratio Rank: 7070
Martin Ratio Rank
VVL.TO
VVL.TO Risk / Return Rank: 8585
Overall Rank
VVL.TO Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VVL.TO Sortino Ratio Rank: 8787
Sortino Ratio Rank
VVL.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VVL.TO Calmar Ratio Rank: 8282
Calmar Ratio Rank
VVL.TO Martin Ratio Rank: 8585
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.

XFH.TO vs. VVL.TO - 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 Vanguard Global Value Factor ETF CAD (VVL.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.

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.

XFH.TOVVL.TODifference
Sharpe ratioReturn per unit of total volatility
1.84
2.21

-0.37

Sortino ratioReturn per unit of downside risk
2.61
3.20

-0.58

Omega ratioGain probability vs. loss probability

1.35

1.39

-0.05

Calmar ratioReturn relative to maximum drawdown

2.40

3.45

-1.05

Martin ratioReturn relative to average drawdown

9.78

13.60

-3.82

XFH.TO vs. VVL.TO - Sharpe Ratio Comparison

The current XFH.TO Sharpe Ratio is 1.84, which is comparable to the VVL.TO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of XFH.TO and VVL.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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Drawdowns

XFH.TO vs. VVL.TO - Drawdown Comparison

The maximum XFH.TO drawdown since its inception was -33.85%, smaller than the maximum VVL.TO drawdown of -43.88%. Use the drawdown chart below to compare losses from any high point for XFH.TO and VVL.TO.

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Drawdown Indicators

XFH.TOVVL.TODifference

Max Drawdown

Largest peak-to-trough decline

-33.85%

-43.88%

+10.03%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-8.83%

-0.81%

Max Drawdown (3Y)

Largest decline over 3 years

-14.14%

-18.07%

+3.93%

Max Drawdown (5Y)

Largest decline over 5 years

-20.52%

-18.07%

-2.45%

Max Drawdown (10Y)

Largest decline over 10 years

-33.85%

-43.88%

+10.03%

Current Drawdown

Current decline from peak

-2.09%

-0.88%

-1.21%

Average Drawdown

Average peak-to-trough decline

-6.05%

-5.73%

-0.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.36%

2.24%

+0.12%

Volatility

XFH.TO vs. VVL.TO - Volatility Comparison

iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged) (XFH.TO) and Vanguard Global Value Factor ETF CAD (VVL.TO) have volatilities of 3.11% and 3.21%, 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

XFH.TOVVL.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.11%

3.21%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

10.63%

9.57%

+1.06%

Volatility (1Y)

Calculated over the trailing 1-year period

12.57%

13.84%

-1.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.05%

16.07%

-2.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.91%

18.77%

-2.86%

XFH.TO vs. VVL.TO - Expense Ratio Comparison

XFH.TO has a 0.22% expense ratio, which is lower than VVL.TO's 0.38% expense ratio.

Dividends

XFH.TO vs. VVL.TO - Dividend Comparison

XFH.TO's dividend yield for the trailing twelve months is around 2.12%, more than VVL.TO's 1.61% yield.

PositionTTM20252024202320222021202020192018201720162015
VVL.TO
Vanguard Global Value Factor ETF CAD		1.61%1.89%2.19%2.69%2.57%1.50%1.70%2.65%2.15%1.35%0.60%0.00%
XFH.TO
iShares Core MSCI EAFE IMI Index ETF (CAD-Hedged)		2.12%2.16%2.47%2.93%2.93%2.38%1.85%2.60%2.86%2.26%2.17%2.62%

Frequently Asked Questions

XFH.TO and VVL.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, 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 0.38% for VVL.TO.

They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.22% for XFH.TO and 0.38% for VVL.TO.

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