XHU.TO vs. XEF.TO
XHU.TO (iShares U.S. High Dividend Equity Index ETF) and XEF.TO (iShares Core MSCI EAFE IMI Index ETF) are both exchange-traded funds - XHU.TO is a Large Cap Blend Equities fund tracking the Morningstar US Market TR CAD, while XEF.TO is a Foreign Large Cap Equities fund tracking the MSCI EAFE Investable Market Index (CAD). Both are passively managed. Over the past 10 years, XHU.TO returned 7.63%/yr vs 9.90%/yr for XEF.TO. At a 0.43 correlation, their price movements are largely independent. XHU.TO charges 0.34%/yr vs 0.23%/yr for XEF.TO.
Performance
XHU.TO vs. XEF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XHU.TO achieves a 13.95% return, which is significantly higher than XEF.TO's 10.86% return. Over the past 10 years, XHU.TO has underperformed XEF.TO with an annualized return of 7.63%, while XEF.TO has yielded a comparatively higher 9.90% annualized return.
XHU.TO
- 1D
- 1.05%
- 1M
- 2.71%
- YTD
- 13.95%
- 6M
- 4.75%
- 1Y
- 13.69%
- 3Y*
- 11.06%
- 5Y*
- 9.96%
- 10Y*
- 7.63%
XEF.TO
- 1D
- 0.82%
- 1M
- 4.86%
- YTD
- 10.86%
- 6M
- 11.37%
- 1Y
- 23.85%
- 3Y*
- 18.31%
- 5Y*
- 11.07%
- 10Y*
- 9.90%
XHU.TO vs. XEF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XHU.TO iShares U.S. High Dividend Equity Index ETF | 13.95% | -0.28% | 16.64% | -1.52% | 12.37% | 18.23% | -9.27% | 13.08% | 3.95% | 5.12% |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 10.86% | 25.69% | 12.04% | 15.21% | -9.53% | 10.36% | 6.13% | 15.86% | -6.65% | 18.19% |
Correlation
The correlation between XHU.TO and XEF.TO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.43 |
The correlation between XHU.TO and XEF.TO shifts across timeframes, from 0.25 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.
XHU.TO vs. XEF.TO - Sectors Allocation Comparison
Sectors
XHU.TO
XEF.TO
Consumer Defensive
Energy
Healthcare
Financial Services
Technology
Utilities
Consumer Cyclical
Industrials
Basic Materials
Communication Services
Real Estate
-
Consumer Defensive
XHU.TO
XEF.TO
Energy
XHU.TO
XEF.TO
Healthcare
XHU.TO
XEF.TO
Financial Services
XHU.TO
XEF.TO
Technology
XHU.TO
XEF.TO
Utilities
XHU.TO
XEF.TO
Consumer Cyclical
XHU.TO
XEF.TO
Industrials
XHU.TO
XEF.TO
Basic Materials
XHU.TO
XEF.TO
Communication Services
XHU.TO
XEF.TO
Real Estate
XHU.TO
-
XEF.TO
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Return for Risk
XHU.TO vs. XEF.TO — Risk / Return Rank
XHU.TO
XEF.TO
XHU.TO vs. XEF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. High Dividend Equity Index ETF (XHU.TO) and iShares Core MSCI EAFE IMI Index ETF (XEF.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.
| XHU.TO | XEF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 2.13 | -0.55 |
| Martin ratioReturn relative to average drawdown | 5.48 | 8.48 | -3.00 |
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
| XHU.TO | XEF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 1.73 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.82 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.67 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.71 | -0.16 |
Drawdowns
XHU.TO vs. XEF.TO - Drawdown Comparison
The maximum XHU.TO drawdown since its inception was -29.94%, which is greater than XEF.TO's maximum drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for XHU.TO and XEF.TO.
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Drawdown Indicators
| XHU.TO | XEF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.94% | -28.51% | -1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -11.27% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.53% | -14.32% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -12.53% | -24.58% | +12.05% |
Max Drawdown (10Y)Largest decline over 10 years | -29.94% | -28.51% | -1.43% |
Current DrawdownCurrent decline from peak | -1.84% | -0.27% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -4.61% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.82% | -0.31% |
Volatility
XHU.TO vs. XEF.TO - Volatility Comparison
The current volatility for iShares U.S. High Dividend Equity Index ETF (XHU.TO) is 3.53%, while iShares Core MSCI EAFE IMI Index ETF (XEF.TO) has a volatility of 4.67%. This indicates that XHU.TO experiences smaller price fluctuations and is considered to be less risky than XEF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XHU.TO | XEF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 4.67% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 11.59% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.79% | 13.85% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 13.58% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 14.85% | -0.47% |
XHU.TO vs. XEF.TO - Expense Ratio Comparison
XHU.TO has a 0.34% expense ratio, which is higher than XEF.TO's 0.23% expense ratio.
Dividends
XHU.TO vs. XEF.TO - Dividend Comparison
XHU.TO's dividend yield for the trailing twelve months is around 2.44%, more than XEF.TO's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 2.19% | 2.43% | 2.76% | 2.75% | 2.93% | 2.42% | 1.93% | 2.72% | 2.76% | 2.10% | 2.42% | 2.42% |
XHU.TO iShares U.S. High Dividend Equity Index ETF | 2.44% | 2.75% | 2.72% | 2.86% | 2.63% | 2.60% | 3.18% | 2.25% | 2.52% | 2.27% | 2.38% | 2.30% |
Frequently Asked Questions
XHU.TO and XEF.TO have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEF.TO is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEF.TO is cheaper with a 0.23% expense ratio, compared with 0.34% for XHU.TO.
XHU.TO is categorized as Large Cap Blend Equities, while XEF.TO is Foreign Large Cap Equities. XHU.TO tracks Morningstar US Market TR CAD, while XEF.TO tracks MSCI EAFE Investable Market Index (CAD). Their fees differ too: 0.34% for XHU.TO and 0.23% for XEF.TO.
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